What is the average federal contract value for NAICS 524114?

Across 316 awarded federal contracts in NAICS 524114 (Direct Health and Medical Insurance Carriers), the median award is $4,303,144, with most awards between $589,771 and $602,682,388. Source: SAM.gov award data.

What is the SBA small-business size standard for NAICS 524114?

The SBA size standard for NAICS 524114 is $47M avg. annual receipts.

Finance & Insurance · NAICS 524114

Direct Health and Medical Insurance Carriers

Federal contract pricing, the top winners, buying agencies, and live opportunities for NAICS 524114.

$4,303,144

median award value · most between $589,771 and $602,682,388

Total awarded

$236,495,346,760

Awards

316

Winners

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SBA size standard

$47M avg. annual receipts

Live opportunities →Full pricing benchmark Market explorer Who wins here Am I small?

Top winners (by $)

HUMANA GOVERNMENT BUSINESS INC$80,023,948,080

HEALTH NET FEDERAL SERVICES, …$42,897,598,009

OPTUM PUBLIC SECTOR SOLUTIONS…$38,703,046,009

TRIWEST HEALTHCARE ALLIANCE C…$24,916,644,393

UNITEDHEALTH MILITARY & VETER…$13,145,560,374

THE JOHNS HOPKINS MEDICAL SER…$5,660,644,458

Top buying agencies (by $)

Department of Defense$171,432,906,262

Department of Veterans Affairs$55,315,727,987

Department of Health and Huma…$9,144,802,136

Department of Justice$359,620,736

Department of State$126,369,202

Department of the Treasury$53,007,784

Awards by year ($)

2010$19,414,789,943

2011$21,312,226,946

2012$13,485,060,557

2013$13,234,269,232

2014$46,365,322

2015$795,588,218

2016$74,752,013,329

2017$496,460,551

2018$1,753,833,793

2019$2,351,676,124

2020$1,827,600,976

2021$5,203,514,433

2022$2,496,128,252

2023$13,628,288,847

2024$11,894,498,397

2025$34,191,579,371

2026$19,611,452,469

Recent awards

G--OCC Vision InsuranceVISION SERVICE PLAN INSURANCE CO. · Sep 03, 2026$4,582,597 Health and Life Insurance service for LE staffSIGAL INSURANCE GROUP SH.A. · Aug 07, 2026$3,377,049 JUSMAG SASP & Contractual Employees Health InsuranceINSULAR HEALTH CARE INC · Jun 26, 2026$17,972 JUSMAG SASP & Contractual Employees Health InsuranceINSULAR HEALTH CARE INC · Jun 26, 2026$17,972 Medicare Administrative Contractor (MAC) Jurisdiction H (JH) - Synopsis/Draft RFP / PresolicitationNOVITAS SOLUTIONS, INC. · Jun 25, 2026$948,524,659

Pricing reflects 316 SAM.gov award notices for NAICS 524114. New to NAICS? See the full code dictionary or NAICS codes explained.