Industry Description
This U.S. industry comprises establishments primarily engaged in initially underwriting (i.e., assuming the risk and assigning premiums) annuities and life insurance policies, disability income insurance policies, and accidental death and dismemberment insurance policies.
Cross-References.
Business Examples
Common types of business activities within NAICS 524113 - Direct Life Insurance Carriers are:
- Insurance carriers, disability, direct
- Insurance underwriting, disability, direct
- Life insurance carriers, direct
- Credit life insurance carriers, direct
- Fraternal life insurance organizations
- Annuities underwriting
- Disability insurance underwriting, direct
- Cooperative life insurance organizations
- Insurance carriers, life, direct
- Disability insurance carriers, direct
- Insurance underwriting, life, direct
- Savings bank life insurance carriers, direct
- Accidental death and dismemberment insurance underwriting, direct
- Accidental death and dismemberment insurance carriers, direct
IBISWorld Industry Research Report
Life Insurance & Annuities in the US (52411a)
Revenue 2025
$1017.7bn
Growth 2025
1.59%
Key Trends
Many companies rely on life insurers for capital and liquidity
Ongoing rate hikes increases investor uncertainty
Millennials will become a more significant market
Products and Services
Similar Industries
For some business types, there may be a similar industry to 524113 - Direct Life Insurance Carriers that is a better classification match. Establishments primarily engaged in:
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NAICS Cross Reference
Establishments primarily engaged in reinsuring life insurance policies, disability income insurance policies, and accidental death and dismemberment insurance policies are classified in Industry 524130, Reinsurance Carriers; and
IBISWorld industry research report
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NAICS Cross Reference
Legal entities (i.e., funds, plans, and/or programs) organized to provide insurance and employee benefits exclusively for the sponsor, firm, or its employees or members are classified in Industry Group 5251, Insurance and Employee Benefit Funds.
IBISWorld industry research report
NAICS Hierarchy 524113 - Direct Life Insurance Carriers
NAICS Code 524113 - Direct Life Insurance Carriers sits in the 2-digit Direct Life Insurance Carriers sector. NAICS codes can be 2- to 6-digits and the further along the hierarchy, the more detailed and specific the category will be. Learn more about the structure of NAICS codes
2 Digits: 52
Sector Title: Finance and Insurance
3 Digits 4 Digits 5 Digits 6 Digits
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5211 Monetary Authorities-Central Bank
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52111 Monetary Authorities-Central Bank
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5221 Depository Credit Intermediation
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52211 Commercial Banking
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52212 Savings Institutions
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52213 Credit Unions
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52219 Other Depository Credit Intermediation
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5222 Nondepository Credit Intermediation
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52221 Credit Card Issuing
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52222 Sales Financing
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52229 Other Nondepository Credit Intermediation
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5223 Activities Related to Credit Intermediation
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52231 Mortgage and Nonmortgage Loan Brokers
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52232 Financial Transactions Processing, Reserve, and Clearinghouse Activities
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52239 Other Activities Related to Credit Intermediation
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5231 Securities and Commodity Contracts Intermediation and Brokerage
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52311 Investment Banking and Securities Dealing
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52312 Securities Brokerage
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52313 Commodity Contracts Dealing
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52314 Commodity Contracts Brokerage
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5232 Securities and Commodity Exchanges
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52321 Securities and Commodity Exchanges
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5239 Other Financial Investment Activities
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52391 Miscellaneous Intermediation
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52392 Portfolio Management
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52393 Investment Advice
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52399 All Other Financial Investment Activities
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5241 Insurance Carriers
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52411 Direct Life, Health, and Medical Insurance Carriers
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52412 Direct Insurance (except Life, Health, and Medical) Carriers
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52413 Reinsurance Carriers
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5242 Agencies, Brokerages, and Other Insurance Related Activities
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52421 Insurance Agencies and Brokerages
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52429 Other Insurance Related Activities
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5251 Insurance and Employee Benefit Funds
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52511 Pension Funds
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52512 Health and Welfare Funds
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52519 Other Insurance Funds
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5259 Other Investment Pools and Funds
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52591 Open-End Investment Funds
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52592 Trusts, Estates, and Agency Accounts
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52599 Other Financial Vehicles
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NAICS Resources
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