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Middle Market Indicator: Year-end Report 2022

Chubb and The National Center for the Middle Market surveyed 1,000 executives of middle market companies for the semi-annual Middle Market Indicator report.


Insights to help middle market companies and their insurance partners understand business trends and evolving risks.

The National Center for the Middle Market is a collaboration between The Ohio State University Fisher College of Business, Chubb and Visa. It exists for a single purpose: to ensure that the vitality and robustness of middle market companies are fully realized as fundamental to our nation's economic outlook and prosperity.

Latest Findings
Latest Findings

Strong growth continues for middle market companies, despite inflation pressure and recession concerns.

According to year-end survey results, inflation remains the top concern for middle market companies, followed by a potential recession. At the same time, they expect to maintain double-digit revenue and employment growth in 2023.

mean revenue growth expected in 2023
of companies expressed confidence in the global economy
will consider increasing insurance coverage due to inflation
Spotlight industries
Spotlight industries

Inflation remained the biggest concern for middle market companies followed by potential recession, dropping supply chain to the third spot.

Financial Services

Explore middle market financial services insights and emerging trends. 


Learn how inflation and supply chain challenges continue to be a concern for middle market manufacturing companies.


Discover how economic concerns are impacting middle market technology companies. 

Life Sciences

Explore industry-specific insights and snapshots of emerging trends among middle market life sciences companies. 

Webinar Replay

Webinar Replay | Middle Market Insights and Property Spotlight

Watch our panel discussion as business leaders from Chubb and the National Center for the Middle Market (NCMM) review business trends from the newly released Middle Market Report with a special Property Market feature and overview. Understand the data behind the findings, key insights, and top concerns Middle Market companies are facing today including: inflation, recession, supply chain disruptions, and maintaining adequate workforces.

Press Release

News Release | New Chubb and National Center for the Middle Market Survey Finds Middle Market Economic Confidence Rebounds from 2022 Mid-Year, but Still Trailing 2021 Historical Averages 

More Than Half Anticipating Revenue Growth in 2023

Year-end Indicator details the middle market’s continued recovery, however, confidence has yet to return to the historical levels experienced in 2021.

Year-end 2022 report cover

Year-end 2022 Middle Market Indicator