524113 — Direct Life Insurance Carriers
Description
This U.S. industry comprises establishments primarily engaged in initially underwriting (i.e., assuming the risk and assigning premiums) annuities and life insurance policies, disability income insurance policies, and accidental death and dismemberment insurance policies.
Overview Facts
| NAICS Code | 524113 |
|---|---|
| Industry Title | Direct Life Insurance Carriers |
| SBA Size Standard | $47,000,000 |
| U.S. Establishments | 5,674 (Census CBP, 2023) |
| IRS PBA Code | 524110 (rolled-up match) |
| Sectors Hierarchy | Sector 52 → 524 → 5241 |
| Source / Verified | US Census 2022 NAICS Manual, Census CBP / 2026-06-28 |
Legacy SIC Concordance
Trace the historical mapping chain from the 1987 Standard Industrial Classification (SIC) to the modern 2022 NAICS code format.
- SIC 6311 - Life Insurance (via SIC1987:6311→NAICS1997:524113→2002:524113→2007:524113→2012:524113→2017:524113→2022:524113)
- SIC 6321 - Accident and Health Insurance (via SIC1987:6321→NAICS1997:524113→2002:524113→2007:524113→2012:524113→2017:524113→2022:524113)
Suggested Product Service Codes (Advisory)
The following Product Service Codes (PSCs) are advisory suggestions aligned with this NAICS code. Note: NAICS and PSC codes map to different dimensions of procurement (industry vs. product/service). There is no official binding 1:1 crosswalk.
- PSC R710 — Financial Services (includes credit card services and any other financial services. See revision to description for code R703 above)
Source: DoD DPCAP PSC Selection Tool (Ingested: 2026-06-29)
Related Resources & Compliance Guides
Further regulatory reference links for NAICS code 524113:
- Sector 52 Directory Hub — List of related industries in the Finance and Insurance sector.
- SIC ↔ NAICS Crosswalk Tool — Look up mappings between legacy SIC codes and modern classifications.
- SBA Size Standards Guide — Complete rules and averaging periods for small business classifications.
- Calculating Annual Receipts Guide — Detailed worked example of revenue calculation rules.
- IRS Principal Business Activity Guide — How NAICS codes map to corporate and entity tax filings.
Related Industries in 5241
Frequently Asked Questions (FAQ)
Is 524113 a valid 2022 NAICS code?
NAICS 524113 is 'Direct Life Insurance Carriers', a 2022 U.S. national industry under Sector 52 (Finance and Insurance); the SBA small-business size standard is $47,000,000.
What is the SBA size standard for NAICS 524113?
The SBA small business size standard for NAICS 524113 is $47,000,000 (based on receipts).
What is the legacy SIC code mapping for 524113?
NAICS code 524113 maps to the legacy 1987 SIC codes: 6311 - Life Insurance, 6321 - Accident and Health Insurance.