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 2019–FY 2025. 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 2019–FY 2025 profile window.
Latest closed fiscal year$12.27M
FY 2025| Fiscal year | Obligations | Actions | Vendors | Customers | Change |
|---|---|---|---|---|---|
| FY 2019 | $3.50M | 46 | 15 | 3 | — |
| FY 2020 | $3.41M | 61 | 14 | 4 | −2.4% |
| 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% |
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 | $32.85M | 851 | 47 | 63.6% |
| OFFICE OF THE COMPTROLLER OF THE CURRENCY | 2046 | $18.70M | 28 | 1 | 36.2% |
| CONSUMER FINANCIAL PROTECTION BUREAU | 955F | $196.1K | 4 | 1 | 0.4% |
| 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 2019–FY 2025.
| Office | Code | Agency | Obligations | Actions | Vendors | Market share |
|---|---|---|---|---|---|---|
| COMPTROLLER OF CURRENCY ACQS | 2031JW | OFFICE OF THE COMPTROLLER OF THE CURRENCY | $18.70M | 28 | 1 | 36.2% |
| U.S. EMBASSY RIYADH | 19SA70 | STATE, DEPARTMENT OF | $4.08M | 24 | 1 | 7.9% |
| U.S. EMBASSY ABUJA | 19N102 | STATE, DEPARTMENT OF | $3.24M | 15 | 2 | 6.3% |
| U.S. EMBASSY BOGOTA | 19C020 | STATE, DEPARTMENT OF | $3.10M | 32 | 3 | 6.0% |
| U.S. EMBASSY TEGUCIGALPA | 19H080 | STATE, DEPARTMENT OF | $2.73M | 98 | 1 | 5.3% |
| U.S. EMBASSY BRUSSELS | 19BE20 | STATE, DEPARTMENT OF | $1.31M | 57 | 2 | 2.5% |
| ACQUISITIONS - RPSO FRANKFURT | 19GE50 | STATE, DEPARTMENT OF | $1.20M | 78 | 3 | 2.3% |
| U.S. EMBASSY HARARE | 19Z115 | STATE, DEPARTMENT OF | $1.15M | 47 | 2 | 2.2% |
| U.S. EMBASSY BAKU | 19AJ20 | STATE, DEPARTMENT OF | $1.12M | 10 | 2 | 2.2% |
| U.S. EMBASSY ADDIS ABABA | 19ET10 | STATE, DEPARTMENT OF | $1.06M | 9 | 1 | 2.0% |
06 / Top Vendors
Which contractors lead the PSC G006 market?
| Vendor | Obligations | Actions | Customers | Market share | Latest activity |
|---|---|---|---|---|---|
| METROPOLITAN LIFE INSURANCE COMPANY (INC) | $19.14M | 33 | 3 | 37.0% | Apr 10, 2025 |
| MISCELLANEOUS FOREIGN AWARDEES | $6.05M | 160 | 1 | 11.7% | Sep 25, 2025 |
| AL-NISR AL-ARABI INSURANCE CO | $4.34M | 26 | 1 | 8.4% | Jul 23, 2025 |
| SEGUROS CARACAS C.A. | $2.91M | 4 | 1 | 5.6% | Sep 19, 2025 |
| SEGUROS CREFISA SA | $2.73M | 98 | 1 | 5.3% | Sep 4, 2025 |
| ORACLE INSURANCE BROKERS LIMITED | $2.42M | 8 | 1 | 4.7% | Aug 19, 2025 |
| CONCORDIA | $1.29M | 56 | 1 | 2.5% | Aug 27, 2025 |
| THE UNITED INSURANCE COMPANY SC | $1.06M | 9 | 1 | 2.0% | Aug 14, 2025 |
| GENERALI LIFE ASSURANCE PHILIPPINES, INC. | $996.0K | 55 | 1 | 1.9% | Sep 30, 2025 |
| SEGUROS ATLAS, S.A. | $975.9K | 73 | 1 | 1.9% | Aug 15, 2025 |
07 / Industry Mix
What industries are purchased under PSC G006?
| NAICS | Description | Obligations | Actions | Vendors | Share |
|---|---|---|---|---|---|
| 524113 | DIRECT LIFE INSURANCE CARRIERS | $31.34M | 478 | 20 | 60.6% |
| 524210 | INSURANCE AGENCIES AND BROKERAGES | $9.50M | 289 | 17 | 18.4% |
| 524114 | DIRECT HEALTH AND MEDICAL INSURANCE CARRIERS | $7.65M | 64 | 10 | 14.8% |
| 525120 | HEALTH AND WELFARE FUNDS | $1.32M | 14 | 1 | 2.6% |
| 325411 | MEDICINAL AND BOTANICAL MANUFACTURING | $611.6K | 2 | 1 | 1.2% |
| 524298 | ALL OTHER INSURANCE RELATED ACTIVITIES | $463.4K | 21 | 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 | 0.4% |
| 221310 | WATER SUPPLY AND IRRIGATION SYSTEMS | $142.8K | 1 | 1 | 0.3% |
| 524292 | PHARMACY BENEFIT MANAGEMENT AND OTHER THIRD PARTY ADMINISTRATION OF INSURANCE AND PENSION FUNDS | $116.5K | 3 | 1 | 0.2% |
08 / Buying Pattern
How does the government buy in PSC G006?
| Common action type | Obligations | Actions |
|---|---|---|
| DELIVERY ORDER | $30.95M | 791 |
| PURCHASE ORDER | $1.70M | 58 |
| DEFINITIVE CONTRACT | $19.03M | 35 |
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 $51.68M market as addressable.