What is the Finance and Insurance industry in the US?

Industry Definition

This sector comprises operators primarily engaged in financial transactions and in facilitating financial transactions. Three principal types of activities are identified, including raising funds by taking deposits, issuing securities and, in the process, incurring liabilities.

Industry Products and Services

  • Insurance and related activities

  • Credit intermediation and related activities

  • Securities, commodity contracts and other financial investments

  • Other

Industry Activities

  • National and state commercial banks

  • Federal and state savings banks

  • Federal and state credit unions

  • Credit card issuing

  • Sales financing

  • Loan and mortgage brokerages

  • Portfolio management

  • Investment advice

  • Insurance carriers

  • Agencies, brokerages and other insurance related activities

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Industry Statistics