Investor Presentaiton
NAIC
NATIONAL ASSOCIATION OF
INSURANCE COMMISSIONERS
State Insurance Regulation in South Dakota: Key Facts and Market Trends
Overview of the 2022 Insurance Market In South Dakota
Insurance Industry Employment in South Dakota
Gross Domestic Product for South Dakota
(Millions)
Insurance
Carriers and
Agents Brokers
and Other
2019
2020
2021
2022
Related
Year
Activities
Insurance
Carriers
Related
Funds, trusts, and other
$2
$1
$143
N/A
Activities
financial vehicles
2015
7,459
2,543
4,916
Insurance carriers and
$1,371
$1,352
$1,368
N/A
2016
7,415
2,649
4,766
related activities
2017
7,353
2,551
4,802
Securities, commodity
$222
$238
$279
N/A
2018
7,298
2,507
4,791
contracts, and other financial
2019
7,172
2,428
4,744
investments and related
2020
7,023
2,436
4,586
activities
2021
6,994
2,426
4,569
Monetary Authorities-
$9,110
$8,070 $8,565
N/A
2022
6,978
2,437
4,541
central bank, credit
intermediation, and related
Source: US Department of Labor, Bureau of Labor Statistics
services
Finance and insurance
$10,705 $9,661 $10,354
$10,252
Source: US Department of Commerce, Bureau of Economic Analysis
Gross Dometic Product in South Dakota
Shares of Financial Institutions
By Component, 2022
Funds, trusts,
Monetary
Authorities-
central bank,
credit
intermediation,
and related
services
82.72%
and other
financial vehicles
1.38%
Insurance
carriers and
related activities
13.21%
Securities,
commodity
contracts, and
other financial
investments and
related activities
2.69%
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