Industries › NAICS 524210
Industry · NAICS 524210 · sector 52 Finance and insurance
Insurance Agencies and Brokerages
Federal contract obligations classified under NAICS 524210, the organisations that win them and the agencies that award them.
USAspending caveat. Figures are obligations reported by federal agencies to USAspending.gov, not payments. In USAspending's words: "An outlay occurs when federal money is actually paid out, not just promised to be paid ('obligated')." "Every agency has a Senior Accountable Official who must officially certify that the quarterly financial data submitted by their agency is accurate and complete." "If there are any discrepancies in procurement data, FPDS is the authoritative source." Contract data for the Department of Defense and the U.S. Army Corps of Engineers is published with a 90-day delay. Data loaded 30 Sep 2026.
Federal agencies obligated $43M in contracts classified under NAICS 524210, Insurance Agencies and Brokerages, in FY2026, and $202M over the five fiscal years since FY2023; the industry ranks 360 of 526 on this site.
Obligations were down 19% on FY2025 ($54M), with $0 so far in FY2027.
The largest recipient organisations by the value of $1.0M-plus awards since FY2023 were Bradesco Saude S/a ($7.5M), American Life Insurance Co. (lebanon Branch) ($7.3M) and The Canada Life Assurance Co. ($4.8M).
By place of performance, the most money went to IN.
Contract obligations by fiscal year
Compared with the largest industry FY2026
| Measure | This industry | Aircraft Manufacturing | All contracts |
|---|---|---|---|
| Contract obligations, FY2026 | $43M | $45B | $716B |
| Five-year total | $202M | $211B | $3.0T |
| Share of all contract obligations, five years | 0% | 7.1% | 100% |
Top contractors $1.0M+ award value since FY2023
| # | Organisation | Awards | Award value |
|---|---|---|---|
| 1 | Bradesco Saude S/a | 2 | $7.5M |
| 2 | American Life Insurance Co. (lebanon Branch) | 6 | $7.3M |
| 3 | The Canada Life Assurance Co. | 4 | $4.8M |
| 4 | Seguros Universales | 1 | $2.6M |
| 5 | Arthur J Gallagher & Co | 1 | $1.2M |
| 6 | Snic Insurance B.s.c. | 1 | $1.2M |
| 7 | Assemble Insurance Tanzania Limited | 1 | $1.1M |
Buying agencies $1.0M+ awards
Where the work is performed
Largest awards since FY2023
| Recipient | Awarding agency | Type | Award value | Begun | Place | Record |
|---|---|---|---|---|---|---|
| Bradesco Saude S/a | Department of State | ContractDelivery Order | $6.3M | 10 Dec 2025 | — | USAspending |
| Seguros Universales | Department of State | ContractDelivery Order | $2.6M | 29 Apr 2026 | — | USAspending |
| Recipient not shown | Department of State | ContractDelivery Order | $1.9M | 30 Sep 2024 | — | USAspending |
| Recipient not shown | Department of State | ContractDelivery Order | $1.9M | 17 Mar 2026 | — | USAspending |
| Recipient not shown | Department of State | ContractDelivery Order | $1.7M | 9 Feb 2024 | — | USAspending |
| Recipient not shown | Department of State | ContractDelivery Order | $1.5M | 26 Jun 2025 | — | USAspending |
| American Life Insurance Co. (lebanon Branch) | Department of State | ContractDelivery Order | $1.5M | 10 Nov 2022 | — | USAspending |
| The Canada Life Assurance Co. | Department of State | ContractDelivery Order | $1.3M | 16 Oct 2024 | — | USAspending |
| Arthur J Gallagher & Co | Department of TransportationMaritime Administration | ContractDefinitive Contract | $1.2M | 9 Feb 2026 | DC | USAspending |
| Recipient not shown | Department of State | ContractDelivery Order | $1.2M | 19 Sep 2025 | — | USAspending |
Other industries in sector 52: Finance and insurance
- 524114 Direct Health and Medical Insurance Carriers $177B
- 522390 Other Activities Related to Credit Intermediation $5.1B
- 524292 Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds $3.2B
- 523150 Investment Banking and Securities Intermediation $1.2B
- 522110 Commercial Banking $772M
- 522320 Financial Transactions Processing, Reserve, and Clearinghouse Activities $481M
- 524298 All Other Insurance Related Activities $238M
- 523920 Portfolio Management $231M
- 523940 Portfolio Management and Investment Advice $54M
- 523910 Miscellaneous Intermediation $50M
- 525120 Health and Welfare Funds $41M
Questions and answers
How much does the federal government spend on NAICS 524210?
$43M in contract obligations classified under Insurance Agencies and Brokerages in FY2026, $202M over the five fiscal years since FY2023. Obligations are commitments, not payments.
Who are the top contractors in Insurance Agencies and Brokerages?
Bradesco Saude S/a ($7.5M), American Life Insurance Co. (lebanon Branch) ($7.3M), The Canada Life Assurance Co. ($4.8M), Seguros Universales ($2.6M), Arthur J Gallagher & Co ($1.2M), by the value of $1M-plus awards since FY2023.
Which agencies buy in this industry?
By the value of $1.0M-plus contracts since FY2023: Department of State ($33M), Department of Transportation ($1.2M).
What is a NAICS code?
In USAspending's words: "NAICS stands for the North American Industrial Classification System. This 6-digit code tells you what industry the work falls into. Each contract record has a NAICS code." Assistance awards (grants, loans, direct payments) carry no NAICS code and are not counted here.
Provenance
Source: USAspending.gov API v2, spending by category (NAICS) by fiscal year, recipient cross-tabulation for FY2022–FY2025 and award search, loaded 30 Sep 2026. State figures come from each state's top-100 NAICS list, so small amounts in a state may be missing. See methodology.