NAICS Code Description

5241 - Insurance Carriers

Top Businesses by Annual Sales for 5241 – Click for Complete Profiles:

Unitedhealth Group IncAetna Inc
Berkshire Hathaway IncAmerican Intl Group Inc
Anthem IncAllstate Corporation
Metlife IncHighmark Inc
Prudential Financial IncLiberty Mutual Holding Co Inc

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