Finance and Insurance - 2022 U.S. Market Research Report with Updated COVID-19 Forecasts
The 2022 Finance and Insurance Market Research Report is one of the most comprehensive and in-depth assessments of the industry in the United States with over 100+ data sets covering 2013-2026.
This Kentley Insights report includes historical and forecasted market size, product lines, profitability, financial ratios, BCG matrix, statistics by state, operating expense details, organizational breakdown, consolidation analysis, employee productivity, price inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on companies, locations, employees, payroll, and much more.
The Finance and Insurance sector includes companies primarily engaged in financial transactions (transactions involving the creation, liquidation, or change in ownership of financial assets) and/or in facilitating financial transactions. Three principal types of activities are identified: 1. Raising funds by taking deposits and/or issuing securities and, in the process, incurring liabilities. This activity is known as financial intermediation. 2. Pooling of risk by underwriting insurance and annuities. Companies engaged in this activity collect fees, insurance premiums, or annuity considerations; build up reserves; invest those reserves; and make contractual payments. 3. Providing specialized services facilitating or supporting financial intermediation, insurance, and employee benefit programs.
This report was developed utilizing the results from extensive business surveys and econometrics. Professionals utilize this report for market sizing, benchmarking, strategic planning, due diligence, cost-cutting, planning, understanding industry dynamics, evaluating opportunities, forecasting, streamlining, gap analysis, and other analyses.
Review the table of contents or download a sample report to see the data-rich insights, which leaders have come to depend on for their research, strategic, and benchmarking needs.
Below are a few of the hundreds of stats from the report:
In 2021, industry sales were $5230.8 billion
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Over the past 3 years, the industry has grown at an annual rate of 4%
The report has historical, annual and forecasted growth rates
There are 254,901 companies in the industry
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SALES PER COMPANY
In 2021, the average sales per company was $20.5 million
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INFLATION & PRICING
2020 inflation was -7.6%
The report has historicals (2013-2021), 4 years of monthly figures, and 2022 & 5-year forecast
For unprofitable companies, the average net loss is -13.5%
The report has more on market and profitability dynamics
Employee productivity is $728,751
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2.2% of expenses is spent on health insurance
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In 2021, industry operating expenses grew 6.6%
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In 2021, payroll per employee was $100,336
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PAYROLL BY STATE
California averages $113,439 in payroll per employee
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JOB CATEGORIZATION BENCHMARKS
9.3% of employees in the industry are in management positions
Benchmark against 13 other job categories
JOB CATEGORIZATION PAY RANGES
The average industry hourly pay for office and administrative jobs is $22.13
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The above stats represent a small fraction of what you will find in this report.
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