01 / NAICS Market Profile
NAICS 524113 Direct Life Insurance Carriers Federal Contracts
North American Industry Classification System code 524113
Federal contract activity classified under Direct Life Insurance Carriers across FY 2019–FY 2025. Net obligations include both new obligations and subsequent deobligations.
02 / Market Size
How large is the NAICS 524113 federal market?
03 / Spending Trend
NAICS 524113 contract spending by fiscal year
Annual obligations, activity, and participation across the same FY 2019–FY 2025 profile window.
Latest closed fiscal year$13.10M
FY 2025| Fiscal year | Obligations | Actions | Vendors | Customers | Change |
|---|---|---|---|---|---|
| FY 2019 | $2.77M | 55 | 11 | 5 | — |
| FY 2020 | $3.21M | 46 | 10 | 4 | +15.6% |
| FY 2021 | $7.23M | 84 | 14 | 4 | +125.6% |
| FY 2022 | $8.98M | 114 | 19 | 6 | +24.1% |
| FY 2023 | $9.07M | 114 | 18 | 4 | +1.0% |
| FY 2024 | $10.53M | 153 | 17 | 3 | +16.0% |
| FY 2025 | $13.10M | 179 | 19 | 4 | +24.4% |
04 / Top Federal Customers
Which federal agencies buy most in this industry?
Ranked by net obligations during FY 2019–FY 2025.
| Federal customer | Code | Obligations | Actions | Vendors | Market share |
|---|---|---|---|---|---|
| STATE, DEPARTMENT OF | 1900 | $27.22M | 666 | 27 | 49.6% |
| OFFICE OF THE COMPTROLLER OF THE CURRENCY | 2046 | $18.91M | 34 | 1 | 34.4% |
| CONSUMER FINANCIAL PROTECTION BUREAU | 955F | $8.62M | 32 | 1 | 15.7% |
| UNITED STATES AGENCY FOR GLOBAL MEDIA, BBG | 9568 | $227.9K | 2 | 1 | 0.4% |
| DEPT OF THE AIR FORCE | 5700 | $556 | 3 | 1 | 0.0% |
| U.S. CUSTOMS AND BORDER PROTECTION | 7014 | $0 | 1 | 1 | 0.0% |
| EXECUTIVE OFFICE OF THE PRESIDENT | 1100 | -$23.7K | 3 | 1 | 0.0% |
| BUREAU OF THE FISCAL SERVICE | 2036 | -$60.8K | 4 | 2 | -0.1% |
05 / Contracting Offices
Which contracting offices buy in NAICS 524113?
Ranked by net obligations during FY 2019–FY 2025.
| Office | Code | Agency | Obligations | Actions | Vendors | Market share |
|---|---|---|---|---|---|---|
| COMPTROLLER OF CURRENCY ACQS | 2031JW | OFFICE OF THE COMPTROLLER OF THE CURRENCY | $18.91M | 34 | 1 | 34.4% |
| CONSUMER FINANCE PROTECTION BUREAU | 9531CB | CONSUMER FINANCIAL PROTECTION BUREAU | $8.62M | 32 | 1 | 15.7% |
| U.S. EMBASSY SAN SALVADOR | 19ES60 | STATE, DEPARTMENT OF | $6.90M | 72 | 1 | 12.6% |
| U.S. EMBASSY ABIDJAN | 191V10 | STATE, DEPARTMENT OF | $3.60M | 14 | 1 | 6.6% |
| U.S. EMBASSY ABUJA | 19N102 | STATE, DEPARTMENT OF | $2.77M | 13 | 2 | 5.0% |
| U.S. EMBASSY KYIV | 19UP30 | STATE, DEPARTMENT OF | $1.59M | 22 | 2 | 2.9% |
| US EMBASSY BANGKOK | 19TH20 | STATE, DEPARTMENT OF | $1.42M | 8 | 2 | 2.6% |
| U.S. EMBASSY BRUSSELS | 19BE20 | STATE, DEPARTMENT OF | $1.31M | 57 | 2 | 2.4% |
| U.S. EMBASSY ADDIS ABABA | 19ET10 | STATE, DEPARTMENT OF | $1.28M | 14 | 1 | 2.3% |
| ACQUISITIONS - RPSO FRANKFURT | 19GE50 | STATE, DEPARTMENT OF | $1.23M | 82 | 3 | 2.2% |
06 / Top Vendors
Which contractors lead the NAICS 524113 market?
| Vendor | Obligations | Actions | Customers | Market share | Latest activity |
|---|---|---|---|---|---|
| METROPOLITAN LIFE INSURANCE COMPANY (INC) | $27.98M | 74 | 4 | 51.0% | Jun 30, 2025 |
| SISA VIDA, SEGUROS DE PERSONAS SA | $6.90M | 72 | 1 | 12.6% | Aug 19, 2025 |
| MISCELLANEOUS FOREIGN AWARDEES | $3.88M | 144 | 3 | 7.1% | Sep 25, 2025 |
| SAHAM ASSURANCE VIE CI | $3.60M | 14 | 1 | 6.6% | May 12, 2025 |
| ORACLE INSURANCE BROKERS LIMITED | $2.42M | 8 | 1 | 4.4% | Aug 19, 2025 |
| PRIVATE JOINT STOCK COMPANY "INSURANCE COMPANY "UNIQA" | $1.50M | 12 | 1 | 2.7% | Sep 26, 2025 |
| CONCORDIA | $1.29M | 56 | 1 | 2.4% | Aug 27, 2025 |
| THE UNITED INSURANCE COMPANY SC | $1.28M | 14 | 1 | 2.3% | Aug 14, 2025 |
| GENERALI LIFE ASSURANCE (THAILAND) PUBLIC COMPANY LIMITED | $1.08M | 7 | 1 | 2.0% | Mar 12, 2025 |
| GENERALI LIFE ASSURANCE PHILIPPINES, INC. | $996.0K | 55 | 1 | 1.8% | Sep 30, 2025 |
07 / Product and Service Mix
What products and services are purchased under NAICS 524113?
| PSC | Description | Obligations | Actions | Vendors | Share |
|---|---|---|---|---|---|
| G006 | SOCIAL- GOVERNMENT LIFE INSURANCE PROGRAMS | $31.34M | 478 | 20 | 57.1% |
| G007 | SOCIAL- GOVERNMENT HEALTH INSURANCE PROGRAMS | $11.40M | 95 | 6 | 20.8% |
| G009 | SOCIAL- NON-GOVERNMENT INSURANCE PROGRAMS | $10.57M | 150 | 7 | 19.3% |
| G008 | SOCIAL- GOVERNMENT INSURANCE PROGRAMS: OTHER | $1.41M | 12 | 4 | 2.6% |
| Q999 | MEDICAL- OTHER | $175.2K | 4 | 3 | 0.3% |
| D322 | IT AND TELECOM- INTERNET | $25.0K | 2 | 1 | 0.0% |
| 9999 | MISCELLANEOUS ITEMS | $0 | 1 | 1 | 0.0% |
| X1LZ | LEASE/RENTAL OF PARKING FACILITIES | -$4.1K | 1 | 1 | 0.0% |
| Z1AA | MAINTENANCE OF OFFICE BUILDINGS | -$19.6K | 2 | 1 | 0.0% |
08 / Buying Pattern
How does the government buy in NAICS 524113?
| Common action type | Obligations | Actions |
|---|---|---|
| DELIVERY ORDER | $25.17M | 628 |
| DEFINITIVE CONTRACT | $28.01M | 70 |
| PURCHASE ORDER | $1.70M | 47 |
09 / Recent Contract Awards
What was awarded most recently in NAICS 524113?
10 / Market Interpretation
How should contractors evaluate this market?
Start with the spending direction
Compare annual obligations with actions and vendor participation. Growth driven by only a few large actions represents a different opportunity from broad, recurring demand.
Follow the actual buyers
Move from federal customers to contracting offices. Offices reveal where acquisition responsibility and recurring purchasing activity are concentrated.
Measure accessible demand
Use competition, small-business participation, incumbent vendors, and PSC mix before treating the full $54.89M market as addressable.