$124.2bn
$XX.Xbn
16,719
209
$X.Xbn
The Reinsurance Carriers industry, which provides insurance for primary insurance companies, has grappled with the increasing frequency of natural disasters and significant volatility in financial markets. Industry operators assume some or all of the risk associated with specific insurance policies underwritten by other insurance providers.
Industry revenue has grown at a CAGR of 1.8 % over the past five years, to reach an estimated $124.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Berkshire Hathaway Inc. | 17,870.9 | -2,330.9 | -13.0 | |
Reinsurance Group Of America, Incorporated | 6,974.7 | 314.0 | 4.5 |
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Industry revenue is measured across several distinct product and services lines, including Life and health reinsurance, Property and casualty reinsurance and Investment activities. Life and health reinsurance is the largest segment of the Reinsurance Carriers in the US.
Property and casualty (P&C) insurers cede a larger share to reinsurers
Companies in this industry specialize in assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance carriers. The primary business of participants in this industry is insuring insurance companies.
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NAICS 52413 - Reinsurance Carriers in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Demand for reinsurance underwriting increased in the early half of the period. Downstream insurance providers sought to cede higher portions of their portfolios to mitigate a...
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Reinsurance can take a variety of forms. It may compensate insurers for losses within certain limits, a protection for which insurers pay a premium or it may represent a shar...
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Regions with the largest exposure to natural disasters and other risks have a cluster of industry establishments. Florida represent one of the largest market for P&C insurers...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Some large players attempt to acquire companies that can provie exposure to specific markets. This will increase market share concentration.
Learn about the performance of the top companies in the industry.
Berkshire Hathaway is the largest player in the industry. The company accounts for over 25.0% of revenue.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Terrorism Risk Insurance Act is the most notable form of assistance for the industry. The Act requires private insurers to offer terrorism insurance coverage in the event...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The Federal Reserve has begun raising interest rates over concerns about inflation. Higher interest rates result in higher interest income, supporting profit.
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Reinsurance Carriers in the US industry in United States is $124.2bn in 2024.
There are 209 businesses in the Reinsurance Carriers in the US industry in United States, which has grown at a CAGR of 5.9 % between 2019 and 2024.
The market size of the Reinsurance Carriers in the US industry in United States has been growing at a CAGR of 1.8 % between 2019 and 2024.
Over the next five years, the Reinsurance Carriers in the US industry in United States is expected to grow.
The biggest companies operating in the Reinsurance Carriers market in United States are Berkshire Hathaway Inc. and Reinsurance Group Of America, Incorporated
Property and casualty reinsurance and Automobile reinsurance are part of the Reinsurance Carriers in the US industry.
The company holding the most market share in United States is Berkshire Hathaway Inc..
The level of competition is moderate and steady in the Reinsurance Carriers in the US industry in United States.