July 3, 2024

July 3, 2024

June Filings Report $1.8B in Premium

Florida's surplus lines market concluded June with a premium volume of $1.8 billion, a 9% decrease from June 2023.

Policy counts for June reached 135,637, showing a nominal 3% increase over the same period last year.

Monthly Breakdown

Quarterly Breakdown

*Percentage of change based on same reporting period in 2023 and 2024.

While current figures indicate a possible year-to-date slowdown, Florida's E&S market maintained an overall 12% growth in premium volume and a 7% increase in policy counts for the first six months of 2024. Year-to-date, premium volume totals $9.7 billion, with policy counts reaching 733,960.

Premium & Policy

For more statistics click on the the following reports.

New Business and Renewals - Q1 & Q2

Renewals accounted for the majority of policy transactions, with an average of 57.5% during the first half of the year. New business represented 42.5%.

New Business & Renewals

Top Coveragesin June

Within specific lines of business, Commercial Property and Windstorm and/or Hail saw shifts in premium volume compared to June 2023.

Commercial Property experienced a 16% decrease, while Windstorm and/or Hail saw a significant 31% drop. However, policy counts for Commercial Property declined by 3%, whereas Windstorm and/or Hail showed a 14% increase over the previous year.

For more statistics and reports check out Florida Market Data on FSLSO.com.

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