Finance & Insurance Industry Classification Codes (SIC & NAICS)
Finance & Insurance Industry Codes
Updated: 2025
The Finance & Insurance sector includes establishments primarily engaged in financial intermediation, credit provision, securities and investment services, and risk pooling through insurance products. This sector covers banks, credit unions, mortgage and consumer lenders, securities and commodity firms, insurance carriers, agencies, brokerages, and investment offices. Finance and insurance classifications support regulatory compliance, capital markets analysis, portfolio risk assessment, and customer segmentation across retail, commercial, institutional, and wholesale financial services. Accurate SIC and NAICS codes enable consistent rollups for supervisory reporting, market structure analysis, and industry benchmarking.
SIC Coverage: 60–67 (Financial and Insurance Institutions)
NAICS Range: 52
SICCODE.com assigns industries to the Finance & Insurance sector when their primary activity involves financial intermediation, credit extension, securities and investment operations, underwriting, policy administration, or risk pooling. SIC codes are included when financial or insurance functions are the organization’s core economic purpose, rather than incidental to retail, real estate, or administrative operations.
SIC vs. NAICS Structure for Finance & Insurance
| SIC Structure | NAICS Structure |
| SIC divides the sector into depository institutions, non-depository lenders, securities and commodities firms, insurance carriers, agents and brokers, and investment holding offices. | NAICS consolidates financial activities into Sector 52, grouping credit intermediation, securities and investments, insurance carriers, and related activities into a unified modern structure. |
| SIC maintains legacy distinctions between charter types, product lines, and regulatory constructs, especially within banking and insurance. | NAICS emphasizes operational models and service delivery channels, supporting comparisons of digital banking, fintech, broker-dealers, and insurance platforms. |
| Investment offices and holding companies appear in SIC 67, separate from core financial and insurance institutions. | NAICS integrates asset management, investment offices, and financial advisory activities under securities and investment subsectors for modern analytical grouping. |
Major SIC Subsectors (Linked to Official 2-Digit Pages)
- SIC 60 — Depository Institutions
- SIC 61 — Non-Depository Credit Institutions
- SIC 62 — Security & Commodity Brokers, Dealers, Exchanges & Services
- SIC 63 — Insurance Carriers
- SIC 64 — Insurance Agents, Brokers & Service
- SIC 67 — Holding & Other Investment Offices
NAICS Structure Within Finance & Insurance (Linked)
In SIC, finance and insurance activities are grouped into depository institutions, non-depository lenders, securities and commodities firms, insurance carriers, agencies, and investment offices. NAICS consolidates these into Sector 52, providing detailed industries that reflect modern financial products, delivery channels, regulatory structures, and risk frameworks. Together, these classification systems help quantify market share, geographic footprint, profitability models, customer segments, and operational risk across the financial system.
Insights & Research for Finance & Insurance
Use SIC & NAICS codes to segment depository institutions and non-depository lenders by charter type, business model, product focus, and geographic market.
Classification data supports analysis of broker-dealers, investment advisors, asset managers, exchanges, and investment holding companies within capital markets.
Insurance carriers and agency networks are grouped by line of business, enabling analysis of risk pools, distribution reach, geographic underwriting patterns, and product portfolios.
Supervisors, analysts, and rating agencies rely on accurate classifications for regulatory reporting, stress testing, AML frameworks, solvency analysis, and capital planning.
How These Classifications Are Used
Finance & Insurance SIC and NAICS codes are used by regulators, financial institutions, insurers, investors, risk managers, and data providers to categorize firms by primary financial activity. They underpin regulatory filings, market share studies, peer group construction, portfolio risk evaluations, development of credit and underwriting models, and compliance workflows. Accurate classification ensures that financial statements, supervisory systems, investment research, and capital planning models reflect the true nature of an institution’s operations and exposures.
Get Help With Finance & Insurance Classification
If you need assistance determining the correct SIC or NAICS code for a bank, lender, investment firm, insurance carrier, or financial services organization, our classification experts can review activities, align them with regulatory definitions, and support reporting, analytics, and risk management needs.
Related Classification Clusters
- NAICS 55 — Management of Companies & Enterprises (investment offices, holding companies, and parent organizations)
- NAICS 53 — Real Estate, Rental & Leasing (commercial finance, leasing services, and asset-backed financing markets)
Reviewed and verified by the SICCODE.com Expert Review Team.