The selected insurance companies derive a majority of their premiums from the Florida personal property market. The data is sourced from the NAIC statutory statements as provided by S&P Global Market Intelligence. Following are summaries of key findings and relevant notes from the reports.
- In 2022, all subgroups experienced an increase in direct premium written (DPW) in comparison to 2021.
- All subgroups reported a net underwriting loss, and all subgroups posted an after-tax net loss.
- For the market overall, the policyholders’ surplus eroded by 21.3% to $9.7 billion in 2022.