NAICS 52 — Finance and Insurance
Establishments primarily engaged in financial transactions and/or in facilitating financial transactions. The Finance and Insurance sector encompasses 30 six-digit NAICS codes used in federal procurement, representing $50,399,654,111 in total federal contract spending. Each code within this sector has its own SBA small business size standard, which determines whether a business qualifies as "small" for set-aside and sole-source contract opportunities in that specific industry.
Understanding Sector 52
NAICS sector 52 is one of 20 industry sectors defined by the North American Industry Classification System. The federal government uses these codes to classify contract requirements, determine small business eligibility, and track procurement spending across industries. When a federal agency issues a solicitation, they assign a NAICS code that best describes the principal purpose of the acquisition — this determines the applicable size standard for small business participation.
The codes below are sorted by total federal spending, with the highest-spend industries at the top. Click any code to view detailed spending data, top contractors, and guidance on competing for contracts in that industry.
Six-Digit Codes in Sector 52
| Code | Industry | Federal Spend |
|---|---|---|
| 524114 | Direct Health and Medical Insurance Carriers | $47.6B |
| 522390 | Other Activities Related to Credit Intermediation | $1.4B |
| 524292 | Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds | $730.6M |
| 522320 | Financial Transactions Processing, Reserve, and Clearinghouse Activities | $162.0M |
| 522110 | Commercial Banking | $102.7M |
| 523150 | Investment Banking and Securities Intermediation | $86.8M |
| 523920 | Portfolio Management | $70.9M |
| 524298 | All Other Insurance Related Activities | $56.1M |
| 524210 | Insurance Agencies and Brokerages | $54.0M |
| 522310 | Mortgage and Nonmortgage Loan Brokers | $45.2M |
| 523910 | Miscellaneous Intermediation | $24.8M |
| 524113 | Direct Life Insurance Carriers | $13.1M |
| 523930 | Investment Advice | $11.2M |
| 523999 | Miscellaneous Financial Investment Activities | $8.3M |
| 523991 | Trust, Fiduciary, and Custody Activities | $7.8M |
| 523940 | Portfolio Management and Investment Advice | $7.0M |
| 524128 | Other Direct Insurance (except Life, Health, and Medical) Carriers | $6.9M |
| 524291 | Claims Adjusting | $5.5M |
| 524130 | Reinsurance Carriers | $4.5M |
| 523160 | Commodity Contracts Intermediation | $3.8M |
| 524126 | Direct Property and Casualty Insurance Carriers | $3.2M |
| 525120 | Health and Welfare Funds | $3.1M |
| 523210 | Securities and Commodity Exchanges | $756K |
| 525110 | Pension Funds | $604K |
| 525990 | Other Financial Vehicles | $547K |
| 525910 | Open-End Investment Funds | $260K |
| 522190 | Other Depository Credit Intermediation | $155K |
| 524127 | Direct Title Insurance Carriers | $106K |
| 522210 | Credit Card Issuing | $56K |
| 525920 | Trusts, Estates, and Agency Accounts | $39K |
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What is NAICS sector 52?
NAICS sector 52 covers Finance and Insurance. Establishments primarily engaged in financial transactions and/or in facilitating financial transactions. It contains 30 six-digit industry codes used in federal procurement.
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How much does the federal government spend in sector 52?
Total federal contract spending across all codes in the Finance and Insurance sector is approximately $50,399,654,111. Individual codes within the sector range from the most active at $47.6B to smaller niche markets.
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How do NAICS sectors relate to size standards?
Each six-digit NAICS code has its own SBA size standard — sectors don't have a single standard. Size standards are expressed either as maximum average annual receipts (e.g., $41.5 million) or maximum number of employees (e.g., 500 employees). Click into any six-digit code to see its specific size standard.
Data sourced from USASpending.gov and Census Bureau . Federal contracting data is public domain.