The selected insurance companies derive a majority of their premiums from the Florida personal property market. The data is sourced from the National Association of Insurance Commissioners (NAIC) statutory statements as provided by S&P Global Market Intelligence.
Key findings and relevant notes from the reports are summarized below.
- In 2023 YE, all subgroups witnessed growth in direct premium written (DPW) in comparison to 2022YE.
- In 2023YE, Florida specialists reported a net underwriting loss of $398.3 million and an after-tax net loss of $9.5 million.
- For the market overall, the policyholders' surplus grew by 15.6% to $12.2 billion in 2023YE compared to 2022YE.
