February 2, 2024

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January 2024 First Look

Premium statistics are in for the first month of 2024. Total premium was $­1.2 billion, nearly 20% more than January of last year.

Check out the following monthly reports for further details.

PREMIUM

January premium was over a billion two years in a row.

POLICY COUNT

Policy count barely moved 1% from January of last year.

 

NEW BUSINESS vs. RENEWAL

New business is up 31%, and renewals are down 16%. This trend was also pervasive for most of the months in 2023.

TOP 25 COVERAGES

Commercial Property and Commercial General Liability are still in the lead on premium. Both came in higher than January of 2023, but Commercial Property rose much higher (32%) than Commercial General Liability (5%).

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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