Florida Surplus Lines Premiums
Reach $1.36 Billion in January 2025

Florida’s surplus lines market began 2025 on a strong note, with January premiums totaling $1.36 billion, reflecting a 9% increase over January 2024. Policy submissions also saw notable growth, with 127,869 policies submitted, marking a 22% year-over-year increase.

The average cost of a policy across all lines of coverage in January stood at $10,657, representing a 10% decrease compared to the previous year. This shift may be driven by higher policy volume, increased market competition, and changing risk distribution. 

As policy counts rise and premium growth remains steady, market dynamics will continue to shape the state’s surplus lines sector in the months ahead.

Renewals Drive January’s Surplus Lines
Premium Distribution

Commercial Property Sees Higher Policy Counts,
Lower Premiums

Florida’s Commercial Property sector reported $443.6 million in written premium for January 2025, with 24,807 policies issued. While policy count rose 39%, total premium declined 5%, yielding a 32% drop in average policy cost compared to January 2024.

Among the top 10 coverage lines, all but Commercial General Liability, Excess Commercial General Liability, and Miscellaneous E&O Liability saw declines in average policy costs. Windstorm and/or Hail, ranked 8th in premium volume at $28.8 million across 1,522 policies, saw one of the most notable shifts with a 99% increase in policy count but a 3% dip in total premium. A key factor in this shift could be an influx of smaller risks. More than 700 transactions had premiums below $3,000, contributing to a reduced average cost per policy by 51%.

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