524/Insurance Carriers and Related Activities
US businesses, employees and payroll, 2017 to 2023
2.96M
employees, 2023
2.96M
employees, 2023
In 2023, 176,459 US Insurance Carriers and Related Activities business locations employed 2.96 million people and paid $292.3 billion in annual payroll, $98,628 per employee on average. Employment was up 3.4% from 2022. Texas had the most employees.
Updated Oct 9, 2026 · data year 2023
Business locations
176,459
-2.5% vs 2022
Employees
2,964,086
+3.4% vs 2022
Annual payroll
$292.3B
+6.4% vs 2022
Average pay
$98,628
+2.9% vs 2022
Over the years
United States, 2017 to 2023
Employees
Paid employees in mid-March
Business locations
Places with paid employees
By state
Employees of Insurance Carriers and Related Activities in each state, 2023
Employees by state
States with the most employees
Employees and the share of all the state's jobs
| State | Business locations | Employees | Average pay | Share of state jobs |
|---|---|---|---|---|
| Texas | 15,618 | 270,629 | $89,480 | 2.25% |
| California | 17,742 | 236,503 | $110,628 | 1.44% |
| Florida | 15,478 | 233,532 | $86,676 | 2.34% |
| Illinois | 7,509 | 182,297 | $88,664 | 3.22% |
| New York | 8,434 | 164,125 | $123,665 | 1.87% |
| Pennsylvania | 6,478 | 143,132 | $99,038 | 2.51% |
| Ohio | 5,623 | 123,594 | $92,119 | 2.43% |
| Georgia | 6,075 | 96,530 | $94,536 | 2.19% |
| New Jersey | 3,692 | 92,225 | $133,728 | 2.34% |
| Minnesota | 3,958 | 83,601 | $117,649 | 2.98% |
| Massachusetts | 2,810 | 82,802 | $124,060 | 2.37% |
| Arizona | 4,070 | 82,433 | $81,547 | 2.85% |
| Wisconsin | 3,355 | 78,748 | $109,118 | 2.98% |
| North Carolina | 4,884 | 77,613 | $95,646 | 1.81% |
| Connecticut | 1,825 | 75,896 | $127,566 | 4.94% |
The 15 states with the most employees. Download the CSV for all 51.
Top metro areas
Metro and micro areas with the most Insurance Carriers and Related Activities employees, 2023
Metro areas with the most employees
| Metro area | Locations | Employees | Average pay |
|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ | 8,104 | 148,075 | $153,697 |
| Chicago-Naperville-Elgin, IL-IN | 5,317 | 126,758 | $85,944 |
| Dallas-Fort Worth-Arlington, TX | 4,572 | 93,188 | $93,309 |
| Los Angeles-Long Beach-Anaheim, CA | 7,181 | 82,292 | $111,569 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | 3,250 | 66,706 | $113,325 |
| Boston-Cambridge-Newton, MA-NH | 2,078 | 64,751 | $121,017 |
| Atlanta-Sandy Springs-Roswell, GA | 3,824 | 61,208 | $103,486 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 2,424 | 59,063 | $121,955 |
| Tampa-St. Petersburg-Clearwater, FL | 2,675 | 58,712 | $90,916 |
| Phoenix-Mesa-Chandler, AZ | 2,982 | 55,922 | $83,273 |
| Miami-Fort Lauderdale-West Palm Beach, FL | 5,627 | 51,959 | $83,663 |
| Hartford-West Hartford-East Hartford, CT | 709 | 51,204 | $126,332 |
| Houston-Pasadena-The Woodlands, TX | 3,576 | 39,193 | $98,854 |
| San Antonio-New Braunfels, TX | 1,398 | 36,219 | $96,774 |
| Denver-Aurora-Centennial, CO | 2,219 | 32,944 | $84,942 |
Business size
US Insurance Carriers and Related Activities business locations by number of employees, 2023
Locations by size
| Employees | Locations | Share |
|---|---|---|
| Under 5 | 119,921 | 68.0% |
| 5 to 9 | 29,517 | 16.7% |
| 10 to 19 | 12,454 | 7.1% |
| 20 to 49 | 7,547 | 4.3% |
| 50 to 99 | 2,964 | 1.7% |
| 100 to 249 | 2,218 | 1.3% |
| 250 to 499 | 929 | 0.5% |
| 500 to 999 | 506 | 0.3% |
| 1,000 or more | 403 | 0.2% |
Related industries
Insurance Carriers and Related Activities and the 2 industries directly below it
Part of Finance and Insurance 52
| Code | Industry | Employees | Average pay |
|---|---|---|---|
| 5241 | Insurance Carriers | 1,653,582 | $107,137 |
| 5242 | Agencies, Brokerages, and Other Insurance Related Activities | 1,310,504 | $87,892 |
Questions and answers
How many people work in Insurance Carriers and Related Activities in the US?
2.96 million people worked at 176,459 US Insurance Carriers and Related Activities business locations in 2023, up 3.4% from 2022. That is 2.12% of all US private-sector employees.
What is the average pay in Insurance Carriers and Related Activities?
$98,628 a year per employee in 2023, from $292.3 billion in annual payroll (up 2.9% from 2022). The average across all US industries was $68,342.
Which state has the most Insurance Carriers and Related Activities jobs?
Texas had the most, with 270,629 employees in 2023, followed by California (236,503) and Florida (233,532).
Which metro areas have the most Insurance Carriers and Related Activities jobs?
New York-Newark-Jersey City, NY-NJ (148,075), Chicago-Naperville-Elgin, IL-IN (126,758), Dallas-Fort Worth-Arlington, TX (93,188) had the most Insurance Carriers and Related Activities employees in 2023.
Are most Insurance Carriers and Related Activities businesses small?
91.7% of the 176,459 Insurance Carriers and Related Activities business locations had fewer than 20 employees in 2023, and 909 had 500 or more.
Official US government statistics, published once a year. Business locations are places with paid employees; employees are counted in mid-March; payroll covers the whole year. Covers most private employers, not the self-employed, most government workers or farm workers on farms. Changes from the year before are shown only when both years use the same edition of the industry codes.