Powered by LevrNAICS 524130: Reinsurance carriers
NAICS 524130 is the industry code for reinsurance carriers. Use it on loan applications, tax forms and registrations. Explore financing for professional services and start your application when you are ready.
What 524130 covers
Reinsurance carriers assume risk from other insurers in exchange for premium. Captive reinsurers are included.
Included in this code
- Property and casualty reinsurers
- Life reinsurers
- Captive reinsurers
Not this code
- Direct insurers: see 524126 Direct property and casualty insurance carriers
- Insurance agencies and reinsurance brokers: see 524210 Insurance agencies and brokerages
Businesses that use 524130
Financing for this trade
Reinsurers raise capital through equity, debt, catastrophe bonds and sidecars funded by outside investors. Ratings agencies and investors review capital adequacy and catastrophe exposure.
Apply for funding with AIIs 524130 the right code for a reinsurance company?
Yes, if you assume insurance risk from other insurers. Reinsurance brokers who arrange coverage use 524210. If your work overlaps, also read the definitions for 524126 (direct property and casualty insurance carriers) and 524113 (direct life insurance carriers), then choose the code that matches your largest source of revenue.
What is the SBA size standard for 524130?
The SBA size standard for 524130 is $47M in average annual receipts. SBA averages total gross receipts over the last five completed fiscal years and adds in any affiliates under common control. A reinsurance company at or below that figure counts as small for federal small business contracts and other SBA size determinations, although lending and passive investment businesses are generally not eligible for SBA 7(a) loans.
How do reinsurers raise capital?
Reinsurers use equity, debt, catastrophe bonds and sidecar vehicles funded by investors. Ratings agencies review capital adequacy and catastrophe exposure. Most lenders want two years of tax returns, year to date financial statements and a current debt schedule, and they size payments so cash flow covers debt service comfortably.
What does NAICS 524130 cover?
Reinsurance carriers. Industry level code in NAICS 2022, under 52 Finance and insurance, 524 Insurance carriers and related activities, 5241 Insurance carriers, 52413 Reinsurance carriers.
What financing do NAICS 524130 businesses use?
Equipment financing, working capital, SBA loans and invoice factoring are the products placed most for professional services businesses. Start an application and the AI matches the deal to lenders that fund this code.
Where do I put NAICS 524130?
On the SBA loan application, on federal Schedule C or Form 1120, on SAM.gov and state registrations, and on most lender applications. A business can report more than one code; use this one if it describes what produces most of your revenue.