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5241 - Insurance Carriers

Top Businesses by Revenue for 5241:

Berkshire Hathaway IncOmahaNE
Unitedhealth Group IncMinnetonkaMN
Metlife IncNew YorkNY
Prudential Financial IncNewarkNJ
American Intl Group IncNew YorkNY
State Farm Mutl Auto Insur CoBloomingtonIL
Allstate CorporationNorthbrookIL
Liberty Mutual Holding Co IncBostonMA
Transamerica CorporationCedar RapidsIA
Highmark IncPittsburghPA

5241 - Insurance Carriers

This industry group comprises establishments primarily engaged in underwriting (assuming the risk, assigning premiums, and so forth) annuities and insurance policies and investing premiums to build up a portfolio of financial assets to be used against future claims. Direct insurance carriers are establishments that are primarily engaged in initially underwriting and assuming the risk of annuities and insurance policies. Reinsurance carriers are establishments that are primarily engaged in assuming all or part of the risk associated with an existing insurance policy (or set of policies) originally underwritten by another insurance carrier.

Industries are defined in terms of the type of risk being insured against, such as death, loss of employment because of age or disability, and/or property damage. Contributions and premiums are set on the basis of actuarial calculations of probable payouts based on risk factors from experience tables and expected investment returns on reserves.

NAICS Codes that fall under 5241 - Insurance Carriers