Finance and Insurance Sector Trends
As the economy continues to recover from the COVID-19 pandemic, interest rates are expected to rise and the demand for loans is projected to increase. Both of these factors (higher interest rates and increased access to credit) combined with current, worldwide economic gains indicate that the finance and insurance sector is projected to see growth in the coming years.
When analyzing the finance and insurance industry’s key indicators, the sector’s remarkable profit margin and market value suggest that the finance and insurance sector is exceptionally lucrative. As long as current business trends continue to show overall growth in the global economy, it’s likely that the finance and insurance industry will continue to remain highly profitable.
Recommended: Visit our Business Trends page to explore interactive data for other industries.
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Key Sector Indicators
Market Revenue: $5.3 Trillion
Profit: $1.4 Trillion
Profit Margin: 26.8%
Number of Businesses: 983,000
Employment: 8 Million
Sector Revenue Trend
The following graph shows the finance and insurance industry’s revenue since 2002. Additionally, a projection for the sector’s future revenue through 2027 is given. Market revenue is an important key indicator for understanding how much money is coming into a sector.
Hover over the graph to see the sector’s total revenue for a particular year.
(This graph is interactive!)
Sector Profit Trend
The following graph shows the finance and insurance industry’s profit since 2002. Additionally, a projection for the sector’s future profits through 2027 is given. Profit is an important key indicator for understanding how much net money can be made after factoring in expenses.
Hover over the graph to see the sector’s total profit for a particular year.
(This graph is interactive!)
Major Players and Industry Competition
Major players in the finance and insurance industry make up roughly 11% of the sector’s total market. UnitedHealth Group Inc, the largest player in the industry, contains over 5% of the finance and insurance market. This indicates that small businesses and new businesses may have to work harder to establish themselves in the finance and insurance industry.