NAICS 5241: Insurance Carriers
Industry group
Code facts
- Part of
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52
- 524
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52
- Codes under it
- 3
- Contract awards
- 608 In the last 12 months
- Contract obligations
- $47,645,120,500 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 | $1,080,575 |
| FY2026 | $45,260,212,478 |
| FY2025 | $47,645,120,500 |
| FY2024 | $43,872,989,128 |
| FY2023 | $39,281,073,472 |
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 | $15,960,476,817 | |
| 3 | Humana Government Business Inc. | $5,632,969,715 | |
| 4 | Evernorth Federal Services Inc. | $686,514,022 | |
| 5 | The Johns Hopkins Medical Services Corporation | $406,350,000 | |
| 6 | United Concordia Companies, Inc. | $371,211,219 | |
| 7 | Martins Point Health Care Inc. | $356,986,768 | |
| 8 | Noridian Healthcare Solutions, LLC | $297,724,732 | |
| 9 | Palmetto Gba, LLC | $223,258,865 | |
| 10 | Wellpoint Federal Solutions, Inc. | $155,580,123 |
See the full FY2025 ranking of NAICS 5241 contractors, by parent company.
Top funding agencies by obligations
| Rank | Agency | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | Department of Veterans Affairs | $30,617,945,924 | |
| 2 | Defense Health Agency | $13,287,110,350 | |
| 3 | Department of Health and Human Services | $1,156,735,279 | |
| 4 | Department of State | $105,124,088 | |
| 5 | Department of Justice | $65,641,723 | |
| 6 | Department of the Treasury | $9,940,793 | |
| 7 | Securities and Exchange Commission | $6,725,194 | |
| 8 | Department of Housing and Urban Development | $4,020,859 | |
| 9 | Department of the Army | $2,827,275 | |
| 10 | Department of the Navy | $2,199,810 |
Top PSC codes by obligations
| Rank | PSC code | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | Q201 Medical – Managed Healthcare | $32,831,199,836 | |
| 2 | G007 Government Health Insurance Programs | $11,887,820,021 | |
| 3 | Q503 Dentistry Services | $373,006,790 | |
| 4 | Q999 Other Medical Services | $108,437,695 | |
| 5 | G009 Non-Government Insurance Programs | $28,676,412 | |
| 6 | G008 Other Government Insurance Programs | $8,797,392 | |
| 7 |
R408 Program Management/ |
$7,311,146 | |
| 8 | G006 Government Life Insurance Programs | $7,292,032 | |
| 9 | R710 Support – Management: Financial | $4,020,859 | |
| 10 | Q802 Clerical Medical Support | $2,199,805 |
Contract obligations by state
| Rank | Place of performance | Obligated, last 12 months | Share |
|---|---|---|---|
| 1 | Virginia | $30,607,829,696 | |
| 2 | Kentucky | $5,090,603,610 | |
| 3 | Arizona | $5,069,269,137 | |
| 4 | Pennsylvania | $616,528,881 | |
| 5 | Missouri | $592,942,427 | |
| 6 | Maryland | $378,318,549 | |
| 7 | North Dakota | $297,724,732 | |
| 8 | Maine | $295,786,768 | |
| 9 | South Carolina | $223,258,865 | |
| 10 | Texas | $184,412,589 | |
| 11 | Indiana | $155,580,123 | |
| 12 | Washington | $146,184,920 | |
| 13 | Tennessee | $124,998,518 | |
| 14 | Wisconsin | $106,291,983 | |
| 15 | Massachusetts | $102,408,044 | |
| 16 | New York | $85,290,942 | |
| 17 | Florida | $66,241,837 | |
| 18 | Ohio | $11,963,281 | |
| 19 | New Jersey | $11,644,155 | |
| 20 | District of Columbia | $10,147,264 | |
| 21 | Alabama | $3,701,969 | |
| 22 | South Dakota | $326,671 | |
| 23 | Connecticut | $65,535 | |
| 24 | Montana | $52,979 | |
| 25 | Kansas | $46,801 |
Show all 25
Contract opportunities
Show 39 more
Latest 49 of 1,834 listed here. See the rest on GovTribe.
Codes under 5241
Definition
This industry group comprises establishments primarily engaged in underwriting (assuming the risk, assigning premiums, and so forth) annuities and insurance policies and investing premiums to build up a portfolio of financial assets to be used against future claims. Direct insurance carriers are establishments that are primarily engaged in initially underwriting and assuming the risk of annuities and insurance policies.
Read the full definition
Reinsurance carriers are establishments that are primarily engaged in assuming all or part of the risk associated with an existing insurance policy (or set of policies) originally underwritten by another insurance carrier. Industries are defined in terms of the type of risk being insured against, such as death, loss of employment because of age or disability, and/or property damage. Contributions and premiums are set on the basis of actuarial calculations of probable payouts based on risk factors from experience tables and expected investment returns on reserves.
Quick answers
What is NAICS 5241?
NAICS 5241 is Insurance Carriers, an industry group in NAICS 52, Finance and Insurance.
What codes are under NAICS 5241?
NAICS 5241 has 3 codes under it with their own GovTribe pages: 52411 Direct Life, Health, and Medical Insurance Carriers; 52412 Direct Insurance (except Life, Health, and Medical) Carriers; and 52413 Reinsurance Carriers.
How much do federal agencies spend under NAICS 5241?
Federal contracts under NAICS 5241 obligated $47,645,120,500 in fiscal year 2025 and $176,060,476,153 in fiscal years 2023 through 2027.
Who are the largest contractors under NAICS 5241?
The contractors with the most obligated under NAICS 5241 in fiscal years 2026 and 2027 are Optum Public Sector Solutions, Inc. ($19,907,506,706); Triwest Healthcare Alliance Corp ($15,960,476,817); and Humana Government Business Inc. ($5,632,969,715).
Which agencies buy the most under NAICS 5241?
The agencies that obligated the most under NAICS 5241 in fiscal years 2026 and 2027 are Department of Veterans Affairs ($30,617,945,924), Defense Health Agency ($13,287,110,350) and Department of Health and Human Services ($1,156,735,279).
Which PSC codes are used with NAICS 5241?
The PSC codes with the most obligated under NAICS 5241 in fiscal years 2026 and 2027 are Q201 Medical – Managed Healthcare, G007 Government Health Insurance Programs and Q503 Dentistry Services.
Where is the work under NAICS 5241 performed?
By place of performance, the states with the most contract obligations under NAICS 5241 over the last 12 months are Virginia ($30,607,829,696), Kentucky ($5,090,603,610) and Arizona ($5,069,269,137).
What is the latest contract opportunity under NAICS 5241?
The latest contract opportunity under NAICS 5241 is Q201--CCN R3 Contract Extension, limited / sole source justification from Headquarters, posted October 19, 2026.
On GovTribe
See everything under NAICS 5241
- Federal contract opportunities, awards and IDVs under this code
- Funding analysis by contractor, agency and set-aside
- Contacts who buy under this code
- Ask GovTribe AI about this code