NAICS Subsector 524: Insurance Carriers and Related Activities
Subsector
Definition
Industries in the Insurance Carriers and Related Activities subsector group establishments that are primarily engaged in one of the following: (1) underwriting (assuming the risk, assigning premiums, and so forth) annuities and insurance policies or (2) facilitating such underwriting by selling insurance policies and by providing other insurance and employee benefit related services.
Government contracts for this service: PSC Q201 Managed Healthcare Services
Code facts
- Part of
-
- 52
- Codes under it
- 2
- Contract awards
- 996 In the last 12 months
- Contract obligations
- $48,484,434,305 In FY2025
NAICS codes and definitions come from the U.S. Census Bureau and contract spending from SAM.gov/FPDS.
Contract obligations by fiscal year
| Fiscal year | Obligated |
|---|---|
| FY2027 To date | $316,130,118 |
| FY2026 | $47,266,961,693 |
| FY2025 | $48,484,434,305 |
| FY2024 | $44,789,134,319 |
| FY2023 | $39,924,559,452 |
Top contractors by obligations
| Rank | Contractor | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | Optum Public Sector Solutions, Inc. | $19,907,506,706 | |
| 2 | Triwest Healthcare Alliance Corp | $16,486,403,999 | |
| 3 | Humana Government Business Inc. | $6,094,483,840 | |
| 4 | Evernorth Federal Services Inc. | $737,661,569 | |
| 5 | Optumrx Administrative Services, LLC | $508,721,848 | |
| 6 | The Johns Hopkins Medical Services Corporation | $406,350,000 | |
| 7 | United Concordia Companies, Inc. | $387,142,094 | |
| 8 | Martins Point Health Care Inc. | $356,986,768 | |
| 9 | Noridian Healthcare Solutions, LLC | $294,305,142 | |
| 10 | Signature Choice Iii, LLC | $226,106,336 |
See the full FY2025 ranking of NAICS 524 contractors, by parent company.
Top funding agencies by obligations
| Rank | Agency | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | Department of Veterans Affairs | $31,804,098,456 | |
| 2 | Defense Health Agency | $14,126,453,805 | |
| 3 | Department of Health and Human Services | $1,200,740,321 | |
| 4 | Department of State | $142,255,972 | |
| 5 | Department of Homeland Security | $123,871,004 | |
| 6 | Department of Justice | $66,140,056 | |
| 7 | Department of Labor | $25,984,292 | |
| 8 | Office of Personnel Management | $22,884,889 | |
| 9 | Department of Transportation | $17,756,049 | |
| 10 | Department of the Treasury | $17,655,677 |
Top PSC codes by obligations
| Rank | PSC code | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | Q201 Medical – Managed Healthcare | $33,668,349,423 | |
| 2 | G007 Government Health Insurance Programs | $11,940,536,254 | |
| 3 |
R408 Program Management/ |
$540,373,645 | |
| 4 | R499 Other Professional Services | $463,162,735 | |
| 5 | Q999 Other Medical Services | $394,247,150 | |
| 6 | Q503 Dentistry Services | $388,937,665 | |
| 7 | G008 Other Government Insurance Programs | $58,719,484 | |
| 8 | G009 Non-Government Insurance Programs | $42,704,485 | |
| 9 | R711 Banking Services(includes accepting and cashing government checks and other payment instruments, accepting direct deposits, accepting payments to the government from the public) | $22,818,398 | |
| 10 | R710 Support – Management: Financial | $21,312,871 |
Contract obligations by state
| Rank | Place of performance | Obligated, last 12 months | Share |
|---|---|---|---|
| 1 | Virginia | $30,044,221,968 | |
| 2 | Kentucky | $5,306,437,094 | |
| 3 | Arizona | $5,027,406,497 | |
| 4 | Pennsylvania | $636,752,490 | |
| 5 | Missouri | $630,820,914 | |
| 6 | Colorado | $601,398,713 | |
| 7 | Maryland | $352,523,122 | |
| 8 | Maine | $295,478,768 | |
| 9 | Alaska | $291,934,140 | |
| 10 | North Dakota | $277,563,057 | |
| 11 | Oklahoma | $226,106,336 | |
| 12 | South Carolina | $221,186,752 | |
| 13 | Texas | $185,032,188 | |
| 14 | Wisconsin | $164,374,630 | |
| 15 | Indiana | $164,169,710 | |
| 16 | Washington | $159,856,706 | |
| 17 | Tennessee | $119,191,840 | |
| 18 | Massachusetts | $101,666,311 | |
| 19 | Florida | $96,019,092 | |
| 20 | New York | $85,309,352 | |
| 21 | New Jersey | $27,197,242 | |
| 22 | Utah | $26,805,716 | |
| 23 | District of Columbia | $18,365,527 | |
| 24 | California | $15,533,031 | |
| 25 | Ohio | $11,963,281 | |
| 26 | Illinois | $11,262,581 | |
| 27 | Alabama | $3,814,569 | |
| 28 | Georgia | $1,166,705 | |
| 29 | Michigan | $381,161 | |
| 30 | Vermont | $376,257 | |
| 31 | South Dakota | $374,710 | |
| 32 | North Carolina | $311,464 | |
| 33 | Connecticut | $190,535 | |
| 34 | Montana | $136,224 | |
| 35 | Delaware | $130,000 | |
| 36 | Oregon | $128,131 | |
| 37 | Kansas | $46,801 | |
| 38 | Rhode Island | $46,213 | |
| 39 | New Hampshire | $4,045 |
Show all 39
Shares are of everything obligated under NAICS 524 in the last 12 months before deobligations, including work performed abroad or with no place of performance on record.
Contract opportunities
Show 37 more
Latest 47 of 3,078 listed here. See the rest on GovTribe.
Codes under 524
Quick answers
What is NAICS 524?
NAICS 524 is Insurance Carriers and Related Activities, a subsector in NAICS 52, Finance and Insurance.
What codes are under NAICS 524?
NAICS 524 has 2 codes under it with their own GovTribe pages: 5241 Insurance Carriers and 5242 Agencies, Brokerages, and Other Insurance Related Activities.
How much do federal agencies spend under NAICS 524?
Federal contracts under NAICS 524 obligated $48,484,434,305 in fiscal year 2025 and $180,781,219,887 in fiscal years 2023 through 2027.
Who are the largest contractors under NAICS 524?
The contractors with the most obligated under NAICS 524 in fiscal years 2026 and 2027 are Optum Public Sector Solutions, Inc. ($19,907,506,706); Triwest Healthcare Alliance Corp ($16,486,403,999); and Humana Government Business Inc. ($6,094,483,840).
Which agencies buy the most under NAICS 524?
The agencies that obligated the most under NAICS 524 in fiscal years 2026 and 2027 are Department of Veterans Affairs ($31,804,098,456), Defense Health Agency ($14,126,453,805) and Department of Health and Human Services ($1,200,740,321).
Which PSC codes are used with NAICS 524?
The PSC codes with the most obligated under NAICS 524 in fiscal years 2026 and 2027 are Q201 Medical – Managed Healthcare, G007 Government Health Insurance Programs and R408 Program Management/
Where is the work under NAICS 524 performed?
By place of performance, the states with the most contract obligations under NAICS 524 over the last 12 months are Virginia ($30,044,221,968), Kentucky ($5,306,437,094) and Arizona ($5,027,406,497).
What is the latest contract opportunity under NAICS 524?
The latest contract opportunity under NAICS 524 is National Flood Insurance Program (NFIP) - Virtual Industry Day, special notice from Federal Emergency Management Agency, posted November 10, 2026.
On GovTribe
See everything under NAICS 524
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