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.
This report offers a detailed view of market performance across three main subgroups: Florida Specialists, Citizens, and ANTSP (Allstate, Nationwide, Travelers, State Farm, and Progressive). In 2024, market dynamics reflected improving financial conditions for Florida-focused insurers alongside notable shifts in premium and surplus trends.
Key Findings for 2024YE:
- In 2024YE, all subgroups other than Citizens witnessed growth in direct premium written (DPW) in comparison to 2023YE
- In 2024YE, Florida Specialists reported a net underwriting gain of $235.6 million and an after-tax net income of $537.1 million
- For the market overall, the policyholders' surplus grew by 7.0% to $13.1 billion in 2024YE compared to 2023YE
Download the full report to access subgroup-level results and key figures, offering a concise view of 2024 year-end financial performance in Florida’s property insurance market.
