Florida Surplus Lines Market Reports $1.37B
and a Decreased Policy Count for July 2026

Florida’s surplus lines market reported $1.37 billion in premium for July 2026, a 16% decrease compared to July 2025. The decline continues to reflect reduced activity across several key lines of business, including Commercial Property and Commercial General Liability, both of which reported year-over-year decreases in premium and policy volume this month. The average premium per policy also fell 13% to $8,110. Overall policy volume totaled 168,664, down 3% year over year and marking the first monthly decrease in policy count since January 2026.

NEW BUSINESS AND RENEWALS | July 2026 vs July 2025

New business accounted for 42% of filings, up slightly from 40% in July 2025, while renewals represented 58%, compared to 60% during the same period last year. The two-point shift reflects a modest change in the monthly filing mix.

Top 10 Lines of Business

The top 10 lines of business largely mirrored Florida’s broader market trend, with most lines reporting declines across key measures. Although five of the top 10 lines recorded growth in at least one category, only two (Miscellaneous E&O Liability and Miscellaneous Liability) reported increases in premium, policy count and average premium per policy.

These results also underscore the Florida market’s strong connection to property-related businesses. Commercial Property was among five of the top 10 lines to report declines across all three measures, contributing to the broader decreases in statewide premium and policy volume.

Commercial Property remained Florida’s largest line of business by premium in July 2026, with a 24% year-over-year decline. The line reported $428.78 million in premium across 31,626 policies, a 9% decrease in policy volume. Average premium per policy fell 16% to $13,558.

Commercial General Liability followed a pattern similar to Commercial Property, reporting year-over-year declines across all three measures. Premium totaled $198.21 million, down 8%, across 19,728 policies, a 4% decrease. Average premium per policy also declined 4% to $10,047.

Homeowners–HO-3 reported a notable shift in July after experiencing substantial growth earlier in 2026. Premium declined 24% year over year to $78.03 million, while policy volume fell 12% to 19,528 policies. Average premium per policy decreased 13% to $3,996.

Miscellaneous E&O Liability was one of only two top 10 lines to report increases across all three measures. Premium rose 43% to $37.20 million, while policy volume increased 2% to 1,918. Average premium per policy climbed 40% to $19,396.

Miscellaneous Liability was the second of two top 10 lines to record growth across all three measures. Premium increased 157% to $31.57 million—the largest percentage increase among the top 10 lines in July. Policy volume rose 29% to 617, while average premium per policy increased 99% to $51,160, also the largest percentage gain among the top 10.

Builders Risk - Commercial reported the largest increase in policy volume among the top 10 lines, rising 115% to 1,229 policies. Despite that growth, premium declined 37% to $27.87 million. Average premium per policy fell 71% to $22,674.

“July’s results reflect declines across several major commercial lines, along with a notable reversal in HO-3 following the strong residential growth seen earlier this year. One month does not establish a new direction, and we will continue to watch how the market moves through the second half of 2026.”

-Mark Shealy, FSLSO Executive Director

Top 10 Insurers

Similar to the trends seen across the top lines of business, most of Florida’s leading insurers reported year-over-year declines in both premium and policy volume. Seven of the top 10 insurers recorded decreases across both measures, while two reported mixed results and one posted increases in both.

Underwriters at Lloyd’s, London remained the largest insurer by policy volume in July 2026, accounting for 22% of the market. The insurer reported $268.08 million in premium, down 20% from July 2025, across 36,970 policies, a 1% decrease.

MS Transverse Specialty Insurance Company was one of three insurers to report an increase in policy volume. Policy count rose 20% to 8,222, representing 5% of total July filings. Premium, however, declined 41% to $35.60 million.

Kinsale Insurance Company also reported policy growth, with volume increasing 3% to 1,768 policies. Premium declined 10% year over year to $25.47 million. The insurer accounted for 1% of total policy volume in July 2026.

Other Captive/Non-Admitted Insurers reported the largest percentage increases in both premium and policy count and was the only insurer category to record growth across both measures. Premium increased 509% to $27.26 million, while policy volume rose 77% to 46 policies. Despite those gains, the category represented just 0.03% of total policy volume for the month.

July 2026 Wrap-Up

As Florida moves into the second half of 2026, premium continues to decline on both a monthly and year-to-date basis compared with 2025. July reflected broad-based decreases across the overall market, several key lines of business and many of the top insurers. The results were influenced in part by continued declines in property-related lines and followed Florida’s typical renewal cycle.

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