Total Revenue for Insurance Carriers, Establishments Subject to Federal Income Tax
REV5241TAXABL144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
828,878.00
Year-over-Year Change
28.12%
Date Range
7/1/2009 - 1/1/2025
Summary
This economic indicator measures the total revenue for U.S. insurance carriers subject to federal income tax. It provides insight into the financial health and market conditions of the insurance industry.
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 Total Revenue for Insurance Carriers, Establishments Subject to Federal Income Tax series tracks the quarterly revenue generated by insurance companies that are required to pay federal income taxes. This metric is a key barometer of the insurance sector's performance and can signal broader economic trends.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of insurance companies.
Historical Context
Analysts and policymakers use this indicator to assess the financial state of the insurance industry and its potential impact on the wider economy.
Key Facts
- Insurance carriers generate over $1.5 trillion in annual revenue.
- The insurance industry accounts for 2.7% of U.S. GDP.
- Revenue growth in the insurance sector typically lags broader economic cycles.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total quarterly revenue generated by U.S. insurance companies that are subject to federal income tax.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial health and market conditions of the insurance industry, which is a significant sector of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of insurance companies.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this indicator to assess the financial state of the insurance industry and its potential impact on the wider economy.
Q: Are there update delays or limitations?
A: The data is released quarterly with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Total Revenue for Insurance Carriers, Establishments Subject to Federal Income Tax (REV5241TAXABL144QNSA), retrieved from FRED.