01 / PSC Market Profile
PSC G006 Social- Government Life Insurance Programs Federal Contracts
Product and Service Code G006
Federal contract activity classified under Social- Government Life Insurance Programs across FY 2020–FY 2026. Net obligations include both new obligations and subsequent deobligations.
02 / Market Size
How large is the PSC G006 federal market?
03 / Spending Trend
PSC G006 contract spending by fiscal year
Annual obligations, activity, and participation across the same FY 2020–FY 2026 profile window.
Latest closed fiscal year$10.87M
FY 2026| Fiscal year | Obligations | Actions | Vendors | Customers | Change |
|---|---|---|---|---|---|
| FY 2020 | $3.41M | 61 | 14 | 4 | — |
| FY 2021 | $6.30M | 104 | 20 | 2 | +84.5% |
| FY 2022 | $8.09M | 124 | 19 | 3 | +28.4% |
| FY 2023 | $8.56M | 149 | 23 | 2 | +5.9% |
| FY 2024 | $9.55M | 176 | 26 | 2 | +11.5% |
| FY 2025 | $12.27M | 224 | 29 | 2 | +28.6% |
| FY 2026 | $10.87M | 207 | 30 | 2 | −11.4% |
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 | $36.20M | 1,014 | 49 | 61.3% |
| OFFICE OF THE COMPTROLLER OF THE CURRENCY | 2046 | $22.90M | 28 | 1 | 38.8% |
| CONSUMER FINANCIAL PROTECTION BUREAU | 955F | $19.3K | 2 | 1 | 0.0% |
| VETERANS AFFAIRS, DEPARTMENT OF | 3600 | -$65.9K | 1 | 1 | -0.1% |
05 / Contracting Offices
Which contracting offices buy in PSC G006?
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 | $22.90M | 28 | 1 | 38.8% |
| U.S. EMBASSY RIYADH | 19SA70 | STATE, DEPARTMENT OF | $4.19M | 24 | 1 | 7.1% |
| U.S. EMBASSY ABUJA | 19N102 | STATE, DEPARTMENT OF | $3.53M | 15 | 2 | 6.0% |
| U.S. EMBASSY TEGUCIGALPA | 19H080 | STATE, DEPARTMENT OF | $3.42M | 123 | 1 | 5.8% |
| U.S. EMBASSY BOGOTA | 19C020 | STATE, DEPARTMENT OF | $3.12M | 34 | 3 | 5.3% |
| U.S. EMBASSY BRUSSELS | 19BE20 | STATE, DEPARTMENT OF | $1.53M | 81 | 2 | 2.6% |
| U.S. EMBASSY ISLAMABAD | 19PK33 | STATE, DEPARTMENT OF | $1.38M | 59 | 2 | 2.3% |
| ACQUISITIONS - RPSO FRANKFURT | 19GE50 | STATE, DEPARTMENT OF | $1.34M | 92 | 4 | 2.3% |
| U.S. EMBASSY BAKU | 19AJ20 | STATE, DEPARTMENT OF | $1.32M | 12 | 2 | 2.2% |
| U.S. EMBASSY ADDIS ABABA | 19ET10 | STATE, DEPARTMENT OF | $1.29M | 10 | 2 | 2.2% |
06 / Top Vendors
Which contractors lead the PSC G006 market?
| Vendor | Obligations | Actions | Customers | Market share | Latest activity |
|---|---|---|---|---|---|
| METROPOLITAN LIFE INSURANCE COMPANY (INC) | $23.16M | 31 | 3 | 39.2% | Mar 19, 2026 |
| MISCELLANEOUS FOREIGN AWARDEES | $6.61M | 192 | 1 | 11.2% | Sep 28, 2026 |
| AL-NISR AL-ARABI INSURANCE CO | $4.45M | 26 | 1 | 7.5% | Aug 5, 2026 |
| SEGUROS CREFISA SA | $3.42M | 123 | 1 | 5.8% | Aug 26, 2026 |
| SEGUROS CARACAS C.A. | $3.00M | 5 | 1 | 5.1% | Aug 1, 2026 |
| ORACLE INSURANCE BROKERS LIMITED | $2.91M | 9 | 1 | 4.9% | Jul 28, 2026 |
| CONCORDIA | $1.29M | 56 | 1 | 2.2% | Aug 27, 2025 |
| ZIMNAT LION INSURANCE COMPANY LTD | $1.07M | 33 | 1 | 1.8% | Jun 3, 2026 |
| SEGUROS ATLAS, S.A. | $1.06M | 80 | 1 | 1.8% | Jun 29, 2026 |
| THE UNITED INSURANCE COMPANY SC | $1.06M | 9 | 1 | 1.8% | Aug 14, 2025 |
07 / Industry Mix
What industries are purchased under PSC G006?
| NAICS | Description | Obligations | Actions | Vendors | Share |
|---|---|---|---|---|---|
| 524113 | DIRECT LIFE INSURANCE CARRIERS | $37.28M | 562 | 21 | 63.1% |
| 524210 | INSURANCE AGENCIES AND BROKERAGES | $10.72M | 357 | 17 | 18.2% |
| 524114 | DIRECT HEALTH AND MEDICAL INSURANCE CARRIERS | $7.52M | 68 | 9 | 12.7% |
| 525120 | HEALTH AND WELFARE FUNDS | $1.47M | 15 | 1 | 2.5% |
| 325411 | MEDICINAL AND BOTANICAL MANUFACTURING | $611.6K | 2 | 1 | 1.0% |
| 524298 | ALL OTHER INSURANCE RELATED ACTIVITIES | $557.3K | 22 | 2 | 0.9% |
| 484230 | SPECIALIZED FREIGHT (EXCEPT USED GOODS) TRUCKING, LONG-DISTANCE | $213.9K | 2 | 1 | 0.4% |
| 336111 | AUTOMOBILE MANUFACTURING | $203.8K | 2 | 1 | 0.3% |
| 923130 | ADMINISTRATION OF HUMAN RESOURCE PROGRAMS (EXCEPT EDUCATION, PUBLIC HEALTH, AND VETERANS' AFFAIRS PROGRAMS) | $176.8K | 5 | 1 | 0.3% |
| 221310 | WATER SUPPLY AND IRRIGATION SYSTEMS | $142.8K | 1 | 1 | 0.2% |
08 / Buying Pattern
How does the government buy in PSC G006?
| Common action type | Obligations | Actions |
|---|---|---|
| DELIVERY ORDER | $34.57M | 957 |
| PURCHASE ORDER | $1.42M | 55 |
| DEFINITIVE CONTRACT | $23.06M | 33 |
09 / Recent Contract Awards
What was awarded most recently in PSC G006?
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 $59.05M market as addressable.