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 2020–FY 2026. 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 2020–FY 2026 profile window.
Latest closed fiscal year$15.04M
FY 2026| Fiscal year | Obligations | Actions | Vendors | Customers | Change |
|---|---|---|---|---|---|
| FY 2020 | $3.21M | 46 | 10 | 4 | — |
| 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% |
| FY 2026 | $15.04M | 184 | 21 | 4 | +14.8% |
04 / Top Federal Customers
Which federal agencies buy most in this industry?
Ranked by net obligations during FY 2020–FY 2026.
| Federal customer | Code | Obligations | Actions | Vendors | Market share |
|---|---|---|---|---|---|
| STATE, DEPARTMENT OF | 1900 | $35.67M | 797 | 28 | 53.1% |
| OFFICE OF THE COMPTROLLER OF THE CURRENCY | 2046 | $23.16M | 35 | 1 | 34.5% |
| CONSUMER FINANCIAL PROTECTION BUREAU | 955F | $8.19M | 31 | 1 | 12.2% |
| UNITED STATES AGENCY FOR GLOBAL MEDIA, BBG | 9568 | $227.9K | 2 | 1 | 0.3% |
| DEPT OF THE AIR FORCE | 5700 | $18.1K | 4 | 1 | 0.0% |
| U.S. CUSTOMS AND BORDER PROTECTION | 7014 | $0 | 1 | 1 | 0.0% |
| EXECUTIVE OFFICE OF THE PRESIDENT | 1100 | -$23.7K | 2 | 1 | 0.0% |
| BUREAU OF THE FISCAL SERVICE | 2036 | -$79.1K | 2 | 2 | -0.1% |
05 / Contracting Offices
Which contracting offices buy in NAICS 524113?
Ranked by net obligations during FY 2020–FY 2026.
| Office | Code | Agency | Obligations | Actions | Vendors | Market share |
|---|---|---|---|---|---|---|
| COMPTROLLER OF CURRENCY ACQS | 2031JW | OFFICE OF THE COMPTROLLER OF THE CURRENCY | $23.16M | 35 | 1 | 34.5% |
| U.S. EMBASSY SAN SALVADOR | 19ES60 | STATE, DEPARTMENT OF | $8.32M | 85 | 1 | 12.4% |
| CONSUMER FINANCE PROTECTION BUREAU | 9531CB | CONSUMER FINANCIAL PROTECTION BUREAU | $8.19M | 31 | 1 | 12.2% |
| U.S. EMBASSY ABIDJAN | 191V10 | STATE, DEPARTMENT OF | $4.09M | 16 | 1 | 6.1% |
| U.S. EMBASSY KYIV | 19UP30 | STATE, DEPARTMENT OF | $4.03M | 72 | 2 | 6.0% |
| U.S. EMBASSY ABUJA | 19N102 | STATE, DEPARTMENT OF | $3.25M | 14 | 2 | 4.8% |
| U.S. EMBASSY RIYADH | 19SA70 | STATE, DEPARTMENT OF | $2.72M | 6 | 1 | 4.0% |
| U.S. EMBASSY BRUSSELS | 19BE20 | STATE, DEPARTMENT OF | $1.53M | 81 | 2 | 2.3% |
| U.S. EMBASSY ADDIS ABABA | 19ET10 | STATE, DEPARTMENT OF | $1.42M | 13 | 2 | 2.1% |
| ACQUISITIONS - RPSO FRANKFURT | 19GE50 | STATE, DEPARTMENT OF | $1.37M | 96 | 3 | 2.0% |
06 / Top Vendors
Which contractors lead the NAICS 524113 market?
| Vendor | Obligations | Actions | Customers | Market share | Latest activity |
|---|---|---|---|---|---|
| METROPOLITAN LIFE INSURANCE COMPANY (INC) | $31.78M | 72 | 4 | 47.3% | Jul 1, 2026 |
| SISA VIDA, SEGUROS DE PERSONAS SA | $8.32M | 85 | 1 | 12.4% | Sep 10, 2026 |
| MISCELLANEOUS FOREIGN AWARDEES | $4.47M | 158 | 3 | 6.7% | Sep 25, 2026 |
| SAHAM ASSURANCE VIE CI | $4.09M | 16 | 1 | 6.1% | Apr 14, 2026 |
| PRIVATE JOINT STOCK COMPANY "INSURANCE COMPANY "UNIQA" | $3.65M | 39 | 1 | 5.4% | Sep 25, 2026 |
| ORACLE INSURANCE BROKERS LIMITED | $2.91M | 9 | 1 | 4.3% | Jul 28, 2026 |
| MALATH COOPERATIVE INSURANCE CO. | $2.72M | 6 | 1 | 4.0% | Aug 13, 2026 |
| CONCORDIA | $1.29M | 56 | 1 | 1.9% | Aug 27, 2025 |
| GENERALI LIFE ASSURANCE (THAILAND) PUBLIC COMPANY LIMITED | $1.28M | 8 | 1 | 1.9% | Apr 19, 2026 |
| SEGUROS ATLAS, S.A. | $1.23M | 84 | 1 | 1.8% | Aug 27, 2026 |
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 | $37.28M | 562 | 21 | 55.5% |
| G007 | SOCIAL- GOVERNMENT HEALTH INSURANCE PROGRAMS | $15.29M | 132 | 5 | 22.8% |
| G009 | SOCIAL- NON-GOVERNMENT INSURANCE PROGRAMS | $13.37M | 162 | 9 | 19.9% |
| G008 | SOCIAL- GOVERNMENT INSURANCE PROGRAMS: OTHER | $1.07M | 11 | 3 | 1.6% |
| Q999 | MEDICAL- OTHER | $175.2K | 4 | 3 | 0.3% |
| 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 | 1 | 1 | 0.0% |
08 / Buying Pattern
How does the government buy in NAICS 524113?
| Common action type | Obligations | Actions |
|---|---|---|
| DELIVERY ORDER | $34.02M | 776 |
| DEFINITIVE CONTRACT | $31.50M | 69 |
| PURCHASE ORDER | $1.64M | 29 |
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 $67.16M market as addressable.