NAICS 5242: Agencies, Brokerages, and Other Insurance Related Activities
Industry group
Code facts
- Part of
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52
- 524
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52
- Codes under it
- 2
- Contract awards
- 387 In the last 12 months
- Contract obligations
- $839,313,805 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 | $44,776,676 |
| FY2026 | $1,206,259,530 |
| FY2025 | $839,313,805 |
| FY2024 | $916,145,191 |
| FY2023 | $643,485,980 |
Top contractors by obligations
| Rank | Contractor | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | Optumrx Administrative Services, LLC | $508,721,848 | |
| 2 | Triwest Healthcare Alliance Corp | $291,994,686 | |
| 3 | Signature Choice II, LLC | $126,430,835 | |
| 4 | Ardent Group, LLC | $92,676,865 | |
| 5 | Wisconsin Physicians Service Insurance Corp. | $38,344,313 | |
| 6 | Healthequity, Inc. | $26,804,316 | |
| 7 | Taurus, LLC | $22,563,306 | |
| 8 | Alliant Insurance Services, Inc. | $16,921,590 | |
| 9 | Milliman, Inc. | $15,641,277 | |
| 10 | Acentra Health LLC | $13,937,528 |
See the full FY2025 ranking of NAICS 5242 contractors, by parent company.
Top funding agencies by obligations
| Rank | Agency | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | Department of Veterans Affairs | $959,037,615 | |
| 2 | Department of Homeland Security | $122,116,004 | |
| 3 | Defense Health Agency | $38,967,588 | |
| 4 | Department of State | $33,572,659 | |
| 5 | Department of Labor | $25,984,292 | |
| 6 | Office of Personnel Management | $22,884,889 | |
| 7 | Department of Transportation | $17,756,049 | |
| 8 | Department of the Treasury | $7,714,884 | |
| 9 | Peace Corps | $7,705,829 | |
| 10 | Department of Health and Human Services | $4,496,439 |
Top PSC codes by obligations
| Rank | PSC code | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 |
R408 Program Management/ |
$533,096,040 | |
| 2 | Q999 Other Medical Services | $279,352,539 | |
| 3 | R499 Other Professional Services | $236,779,794 | |
| 4 | Q201 Medical – Managed Healthcare | $52,658,605 | |
| 5 | G008 Other Government Insurance Programs | $49,767,758 | |
| 6 | R711 Banking Services(includes accepting and cashing government checks and other payment instruments, accepting direct deposits, accepting payments to the government from the public) | $22,818,077 | |
| 7 | G007 Government Health Insurance Programs | $18,714,703 | |
| 8 | R710 Support – Management: Financial | $17,292,013 | |
| 9 |
R406 Policy Review/ |
$11,718,511 | |
| 10 | G009 Non-Government Insurance Programs | $11,469,759 |
Contract obligations by state
| Rank | Place of performance | Obligated, last 12 months | Share |
|---|---|---|---|
| 1 | Colorado | $601,907,235 | |
| 2 | Alaska | $291,934,140 | |
| 3 | Virginia | $147,772,536 | |
| 4 | Wisconsin | $29,445,580 | |
| 5 | Florida | $28,622,639 | |
| 6 | Utah | $26,351,873 | |
| 7 | California | $24,150,511 | |
| 8 | New Jersey | $15,553,087 | |
| 9 | Washington | $14,671,786 | |
| 10 | Illinois | $11,262,956 | |
| 11 | District of Columbia | $9,074,371 | |
| 12 | Indiana | $8,852,992 | |
| 13 | Pennsylvania | $3,405,507 | |
| 14 | Texas | $1,257,854 | |
| 15 | Georgia | $1,174,955 | |
| 16 | Kentucky | $1,136,792 | |
| 17 | Massachusetts | $434,267 | |
| 18 | Michigan | $381,161 | |
| 19 | Vermont | $326,257 | |
| 20 | North Carolina | $311,464 | |
| 21 | New York | $218,410 | |
| 22 | Maine | $192,000 | |
| 23 | Alabama | $173,900 | |
| 24 | Delaware | $130,000 | |
| 25 | Oregon | $128,131 | |
| 26 | Montana | $83,245 | |
| 27 | South Carolina | $68,531 | |
| 28 | North Dakota | $60,000 | |
| 29 | South Dakota | $18,039 |
Show all 29
Shares are of everything obligated under NAICS 5242 in the last 12 months before deobligations, including work performed abroad or with no place of performance on record.
Contract opportunities
Show 38 more
Latest 48 of 1,226 listed here. See the rest on GovTribe.
Codes under 5242
Definition
This industry group comprises establishments primarily engaged in (1) acting as agents (i.e., brokers) in selling annuities and insurance policies or (2) providing other employee benefits and insurance related services, such as claims adjustment and third party administration.
Quick answers
What is NAICS 5242?
NAICS 5242 is Agencies, Brokerages, and Other Insurance Related Activities, an industry group in NAICS 52, Finance and Insurance.
What codes are under NAICS 5242?
NAICS 5242 has 2 codes under it with their own GovTribe pages: 52421 Insurance Agencies and Brokerages and 52429 Other Insurance Related Activities.
How much do federal agencies spend under NAICS 5242?
Federal contracts under NAICS 5242 obligated $839,313,805 in fiscal year 2025 and $3,649,981,182 in fiscal years 2023 through 2027.
Who are the largest contractors under NAICS 5242?
The contractors with the most obligated under NAICS 5242 in fiscal years 2026 and 2027 are Optumrx Administrative Services, LLC ($508,721,848); Triwest Healthcare Alliance Corp ($291,994,686); and Signature Choice II, LLC ($126,430,835).
Which agencies buy the most under NAICS 5242?
The agencies that obligated the most under NAICS 5242 in fiscal years 2026 and 2027 are Department of Veterans Affairs ($959,037,615), Department of Homeland Security ($122,116,004) and Defense Health Agency ($38,967,588).
Which PSC codes are used with NAICS 5242?
The PSC codes with the most obligated under NAICS 5242 in fiscal years 2026 and 2027 are R408 Program Management/
Where is the work under NAICS 5242 performed?
By place of performance, the states with the most contract obligations under NAICS 5242 over the last 12 months are Colorado ($601,907,235), Alaska ($291,934,140) and Virginia ($147,772,536).
What is the latest contract opportunity under NAICS 5242?
The latest contract opportunity under NAICS 5242 is Fleet Vehicle Insurance for the U. S. Mission Italy, pre-solicitation from Department of State, posted October 23, 2026.
On GovTribe
See everything under NAICS 5242
- Federal contract opportunities, awards and IDVs under this code
- Funding analysis by contractor, agency and set-aside
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