Florida Surplus Lines Market
Reports $1.45B for August 2026

The Florida surplus lines market reported $1.45 billion in premium for August 2026, a 25% increase compared to August 2025. August marked only the second month in 2026 to report year-over-year premium growth, following declines through much of the year. Even with the August increase, year-to-date premium remained 4% below 2025 levels. Similar to premium, both policy count and average premium per policy increased in August compared to August 2025. Policy count rose 19% to 168,048 policies, while average premium per policy increased 5% to $8,638.

MONTHLY PREMIUM BREAKDOWN

MONTHLY POLICY COUNT BREAKDOWN

* NOTE: The YOY Percent of Change are calculated as a comparison between the respective months in 2026 and 2025.

PREMIUM & POLICY COUNT | YoY COMPARISON

NEW BUSINESS AND RENEWALS | AUGUST 2026 vs. AUGUST 2025

New business accounted for 42% of policies, up slightly from 41% in August 2025. Renewals accounted for 58%, down slightly from 59% during the same period last year.

Top 10 Lines of Business

In line with Florida’s broader market, the top 10 lines of business generally showed increases across premium, policy count, and average premium per policy. Four lines reported increases across all three measures, while four posted declines in two of the three. Two additional lines reported a decline in just one measure. 

TOP 10 LINES OF BUSINESS | AUGUST 2026

Commercial Property reported increases across all three measures. Compared to August 2025, premium increased 62% to $545.72 million across 36,573 policies, up 43%. Average premium per policy increased 13% to $14,921. 

Excess Commercial General Liability also reported increases across all three measures. Premium increased 65% to $149.51 million, while policy count increased 12% to 3,639 policies. Average premium per policy increased 47% to $41,085. 

Cyber Liability was another line to report increases across all three measures and recorded the highest percentage increase in premium among the top 10 lines. Premium increased 70% to $31.27 million across 2,464 policies, up 18%. Average premium per policy increased 44% to $12,689. 

Builders Risk – Commercial reported declines across two measures. Premium decreased 26% to $26.8 million, while policy count increased 57% to 1,180 policies. Average premium per policy decreased 53% to $22,749. 

Top 10 Insurers

Following a similar trend, the top 10 insurers generally reported positive movement in August. Six of the 10 reported increases in premium, while nine reported increases in policy count. Five insurers recorded increases across both measures. 

TOP 10 INSURERS | AUGUST 2026

Palms Insurance Company LTD. recorded the largest percentage increase in premium among the top 10 insurers. Premium surged from $623,057 in August 2025 to $173.75 million in August 2026. Policy count increased from 47 to 49 policies, representing 0.03% of total policy count for the month.  

AIG Specialty Insurance Company also reported substantial growth in both premium and policy count. Premium increased 288% to $34.84 million. Policy count rose from 56 policies in August 2025 to 1,278 in August 2026. AIG accounted for 1% of total policy count in August 2026. 

MS Transverse Specialty Insurance Company reported a 14% decrease in premium to $32.41 million for August, while policy count increased 137% from 3,114 to 7,388 policies. The insurer accounted for 4% of total policy count in August. 

Other Captive/Non-Admitted Insurers reported increases across both measures. Premium increased 274% to $29.78 million across 68 policies, representing a 209% increase in policy count. The group accounted for 0.04% of total policy count in August.

“August was a positive month for premium, but one month does not necessarily signal a change in the broader market trend, particularly when a significant portion of that growth can be attributed to activity from a single insurer,” said Mark Shealy, Executive Director of FSLSO. “What is worth watching is the movement among several of the top insurers. Whether that reflects shifts in appetite, program activity or simply the timing of business reported during the month, it provides another indication of how the surplus lines market continues to respond to Florida’s insurance needs.” 

August 2026 Wrap-Up

August represents a single month within the broader 2026 market picture, and its results should be viewed in that context. September data will provide the first three-quarter view of the year and offer a more meaningful indication of whether August was an isolated fluctuation or part of a developing market trend. 

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