Finance and Insurance ·NAICS 524291

NAICS 524291 · IRS SOI 2023 · Census CBP

Claims Adjusting - Industry Benchmarks

$90,218/yr average annual pay, with 115 SBA loans on record for NAICS 524291.

20.1%
Finance and Insurance sector margin
45K
Workers employed
$90,218/yr
Avg payroll / employee
$64M
SBA lending, FY20–26

Data updated July 2026

The verdict · NAICS 524291

Texas leads Claims Adjusting activity nationally. IRS SOI doesn't publish margin data at this NAICS level, but the broader Finance and Insurance sector runs a 20.1% net margin.

20.1%
Finance and Insurance sector margin (IRS SOI)
45K
Workers employed (Census CBP)
$90,218/yr
Avg payroll / employee
$64M
SBA lending, FY20–26

Benchmarking Insights for Claims Adjusting

Claims Adjusting sits inside Finance and Insurance, a sector that runs a 20.1% net margin overall.

4,934 establishments employ 45,406 workers (9.2/location) at $90,218/yr average annual pay. Texas leads employment, followed by Florida and Alabama.

Employment

45,406

Total employees (Census CBP)

Avg Payroll / Employee

$90,218/yr

Annual compensation

Establishments

4,934

Business locations

Release-over-release change

What changed from Census CBP 2022 to 2023

Employment increased by 5,844; establishment count increased by 380. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.

Workforce scale

Financial Detail

Annual Payroll (Total)
$4.1B
Avg Employees per Establishment
9.2

Top States by Employment

State Employment
Texas 8,904
Florida 6,016
Alabama 4,045
New York 2,101
Pennsylvania 2,064
New Jersey 1,858
Arizona 831
Massachusetts 780
Louisiana 732
Ohio 626

Showing top 10 of 51 states

SBA Lending Activity

SBA FY2020–2026

SBA Loans Approved

115

Total Loan Volume

$64M

Avg Loan Size

$553K

Jobs Supported

1,005

Program Breakdown

7(a) 108 (94%)
504 7 (6%)

Top SBA Lender

The Huntington National Bank

12 loans in this industry

New Business Share

14.8% of borrowers were new/startup businesses

Annual Lending Trend (7 yrs)

2020
15
2021
13
2022
13
2023
26
2024
18
2025
26
2026
4

Frequently Asked Questions

How profitable is Claims Adjusting?
IRS SOI doesn't publish margin data at the NAICS 524291 level. Texas leads this industry nationally. The broader Finance and Insurance sector runs a 20.1% net margin (IRS SOI 2023).
How many businesses are in Claims Adjusting?
4,934 business establishments. Together they employ 45,406 workers.
What is the average payroll per employee in Claims Adjusting?
$90,218/yr average annual pay per employee. Businesses average 9.2 employees per establishment.
Which states have the most Claims Adjusting employment?
Texas leads with 8,904 workers. Florida (6,016) and Alabama (4,045) round out the top three.
How much SBA lending does Claims Adjusting receive?
Claims Adjusting businesses received 115 SBA loans totaling $64 million between FY2020 and FY2026. The average loan size was $553K. These loans supported 1,005 jobs at origination. Most lending (94%) came through the SBA 7(a) program.

Comparable industry benchmarks

These links are calculated from the current national dataset. They are comparison paths, not recommendations or evidence that businesses operate alike.

How this ranks: Its Census employment total exceeds 53% of that same 801-industry cohort. Calculated by ranking this industry's reported value against every other industry at the same NAICS digit-level, not the whole dataset: comparing a 6-digit detail industry to a 2-digit sector would mix incompatible scales.

Closest workforce scale

Same NAICS detail level, ordered by the smallest difference in reported Census employment.

Benchmarking Claims Adjusting

Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.

Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023

NAICS 524291 · Data year: 2023

According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.

Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023

Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.

Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.