We're pleased to share our Florida Market Watch report for Q2 2023.

The selected insurance companies generate a significant portion of their revenue from the Florida personal property market. The data is sourced from the National Association of Insurance Commissioners (NAIC) statutory statements provided by S&P Global Market Intelligence. The key findings and relevant notes from the reports are summarized below.

Key findings for Q2 2023

  • All subgroups witnessed growth in direct premium written (DPW) in comparison to 2022 Q2.
  • Florida specialists reported a net underwriting loss of $454 million and an after-tax net loss of $240 million.
  • For the market overall, the policyholders’ surplus increased by 5.8% in 2023 Q2 to $10.2 billion compared to 2022 YE.