June 6, 2024
May 2024 Filings Near $2B
The Florida Monthly Premium Report has been updated with May 2024 data. May premium was up 11.43% from May of last year. Cumulatively, filings show an overall premium growth of nearly 20% over the same period of January through May 2023.
For more statistics click on the the following reports.
Similarly, the policy count for May 2024 showed growth of 7% when compared to May of last year. Policy count from January through May was 8.34% higher than the same period in 2023.
New Business and Renewals
The breakdown of new business filings and renewals for May 2024 was 42% and 58%, respectively.
Commercial Property premium volume was up nearly 10% when compared to May 2023. Likewise, policy counts showed a 13.14% change from May of last year. Commercial General Liability premium also showed an increase of 11% while policy counts remained steady at a nominal 3.39% growth.
Notably, filings for Excess General Liability saw a 71.6% premium increase over May 2023 with a correlating policy count of 10.17%
For more statistics and reports check out Florida Market Data on FSLSO.com.
Sign up for our new newsletter Florida Market Insights, where we fill you in on real-time carrier and market updates.
www.fslso.com
Have questions? Contact us at 800.562.4496, option 1 or email agent.services@fslso.com.
