Production: Energy: Electricity: Total for India
Quarterly, Not Seasonally Adjusted
PRENEL01INQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
160.37
Year-over-Year Change
27.25%
Date Range
4/1/1994 - 7/1/2023
Summary
This series measures the quarterly, not seasonally adjusted value of net property and casualty insurance premiums for the U.S. economy. It is an important indicator of economic activity and consumer behavior in the insurance sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Quarterly, Not Seasonally Adjusted series tracks the total value of net property and casualty insurance premiums on a quarterly basis without adjusting for seasonal variations. This metric provides insight into the underlying trends and fluctuations in the insurance industry, which is a key component of the broader financial services sector.
Methodology
The data is collected directly from insurance companies and aggregated by the U.S. Federal Reserve.
Historical Context
Analysts and policymakers monitor this trend to assess the health and growth of the insurance industry and its broader macroeconomic implications.
Key Facts
- The U.S. property and casualty insurance industry generated over $800 billion in premiums in 2021.
- Quarterly premiums have grown at an average annual rate of 4.2% over the past decade.
- The insurance sector accounts for approximately 2.5% of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of net property and casualty insurance premiums collected in the U.S. on a quarterly basis, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and growth of the insurance industry, which is a key component of the broader financial services sector and the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected directly from insurance companies and aggregated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this trend to assess the economic activity and consumer behavior in the insurance industry, which has broader implications for the financial services sector and the overall economy.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (PRENEL01INQ661N), retrieved from FRED.