March 4, 2024

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February Stats Surge

Statistics for February show a surge in premium over this time last year. Total premium was $1.27 billion, a 66% increase over February 2023!

Check out the following monthly reports for further details.

PREMIUM

66% premium growth is monumental. February premium from 2022 to 2023 only rose 4%. 

POLICY COUNT

Policy count also experienced a boost, with a 40.92% increase over last year. 

 

NEW BUSINESS vs. RENEWAL

New business and renewals rose 42.82% and 39.68%, respectively, a significant turn from January when renewals plummeted.

TOP 25 COVERAGES

Commercial Property and Commercial General Liability are still the top earners, though Commercial General Liability skyrocketed 79% over February 2023. Several coverages that experienced a premium decrease in January are now back in the black.

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

Visit Florida Market Data

Numbers may slightly differ from prior publications since historical stats are continually adjusted to reflect cancellations and/or backouts.

www.fslso.com

Have questions? Contact us at 800.562.4496, option 1 or email Agent.Services@fslso.com.

 
 

Florida Surplus Lines Service Office
800.562.4496

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