Top State Department insurance agencies and brokerages contractors
In the 12 months ending Oct 5, 2026, the Department of State obligated $28.3M in net prime contract dollars under NAICS 524210, down 20.1% from $35.4M in the preceding 12 months. 42 prime contractors received positive obligations, and 10 of them accounted for 80% of that spend.
Prime contracts funded by the Department of State. Latest 12 months: Oct 6, 2025 to Oct 5, 2026. Source: USAspending.gov.
Obligations by fiscal year
Net prime contract obligations by federal fiscal year (October to September).
Top State Department contractors for NAICS 524210
Ranked by positive obligations in the latest 12 months. Share is of all positive obligations in this market.
| # | Contractor | Latest 12 mo | Prior 12 mo | Share | Rank change |
|---|---|---|---|---|---|
| 1 | Bradesco Saude S/a | $4.9M | $7.2M | 17.2% | — |
| 2 | American Life Insurance Co. (Lebanon Branch) | $4.7M | $3.9M | 16.8% | ▲ 1 |
| 3 | Miscellaneous Foreign Awardees | $4.6M | $5.1M | 16.2% | ▼ 1 |
| 4 | Seguros Universales | $2.7M | $1.6M | 9.4% | ▲ 2 |
| 5 | Family Guardian Insurance Company Limited | $1.3M | $1.5M | 4.5% | ▲ 2 |
| 6 | The Canada Life Assurance Co. | $1.2M | $2.6M | 4.3% | ▼ 2 |
| 7 | Snic Insurance B.S.C. | $1.0M | $1.2M | 3.5% | ▲ 1 |
| 8 | BAO Minh HA NOI Insurance Company | $946K | $851K | 3.3% | ▲ 4 |
| 9 | Assemble Insurance Tanzania Limited | $886K | $1.1M | 3.1% | — |
| 10 | TBC Insurance JSC | $831K | $775K | 2.9% | ▲ 4 |
| 11 | Seguros Crefisa SA | $697K | $1.0M | 2.5% | ▼ 1 |
| 12 | Pacific Cross Insurance Company Limited | $637K | $861K | 2.3% | ▼ 1 |
| 13 | AIA Singapore Private Limited | $452K | $525K | 1.6% | ▲ 2 |
| 14 | Methealth Namibia Administrators (Proprietary) Limited | $384K | $0 | 1.4% | New |
| 15 | Prabhu Insurance Limited | $328K | $0 | 1.2% | New |
What changed in the last 12 months
Contractors with the largest change in reported obligations versus the preceding 12 months.
Largest gains
- Seguros Universales$1.6M → $2.7M (+$1.1M) · now #4
- American Life Insurance Co. (Lebanon Branch)$3.9M → $4.7M (+$841K) · now #2
- Methealth Namibia Administrators (Proprietary) Limited$0 → $384K (+$384K) · now #14
Largest declines
- Bradesco Saude S/a$7.2M → $4.9M (−$2.3M) · now #1
- Seguros Caracas C.A.$2.0M → $0 (−$2.0M) · no latest-period obligations
- The Canada Life Assurance Co.$2.6M → $1.2M (−$1.4M) · now #6
New to this market
2 contractors received their first obligations in this market (since FY2022) during the latest 12 months. The largest:
| Contractor | First obligation | Latest 12 mo |
|---|---|---|
| Methealth Namibia Administrators (Proprietary) Limited | Feb 26, 2026 | $384K |
| Sagicor Life Jamaica Limited | Sep 21, 2026 | $5K |
Where the money comes from
Funding sub-agencies within the Department of State, latest 12 months. The funding organization can differ from the office that runs the requirement.
| Funding sub-agency | Latest 12 mo | Prior 12 mo | Change |
|---|---|---|---|
| Department of State | $28.3M | $35.4M | Down $7.1M (20.1%) |
Common questions
Who are the top State Department contractors for NAICS 524210?
In the latest 12 months, Bradesco Saude S/a ($4.9M), American Life Insurance Co. (Lebanon Branch) ($4.7M), Miscellaneous Foreign Awardees ($4.6M) received the most State Department obligations for insurance agencies and brokerages.
How concentrated is this market?
The eight largest primes held 75.3% of positive obligations, and Bradesco Saude S/a alone held 17.2%. 2 contractors won their first obligations in this market during the latest 12 months.
Related markets
Figures are net obligations on prime contracts (award types A–D) from USAspending.gov, grouped by funding agency and the NAICS code on each award. Net obligations include deobligations and corrections, so they can differ from positive-obligation totals. See methodology.
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