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.
66% premium growth is monumental. February premium from 2022 to 2023 only rose 4%.
Policy count also experienced a boost, with a 40.92% increase over last year.
New business and renewals rose 42.82% and 39.68%, respectively, a significant turn from January when renewals plummeted.
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.
Numbers may slightly differ from prior publications since historical stats are continually adjusted to reflect cancellations and/or backouts.
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