July 2025 Filings Reach $1.8B

SLTX recorded $1.76B in July. This represents a 10.1% increase over July 2024, and 15.7% increase year-to-date.

62.9% of premium reported (33.2% of items) is attributable to renewal policies, 34.8% (35.9% of items) to new business, and 2.3% (30.9% of items) to non-policy transactions. Furthermore, non-policy transactions are predominately Premium Endorsements (25,488 items or 64.4% of the 30.9%) and Cancellations (11,281 items or 28.5% of the 30.9%).

The largest increase, Commercial Package coverage, rose $63.2M (or 104.4%). Builders’ Risk Property, Excess/Umbrella Liability, and Oil & Gas Property coverages also recorded growth, up $60.7M (293.2%), $37.9M (12.0%), and $25.0M (2023.2%) respectively. 115.7% of total premium increases can be attributed to these coverages. The total growth for the top 4 coverages mentioned exceed 100% of the total premium growth for the month due to coverages that experienced premium decline from July 2024.

Overall transactions reflected growth for July in item counts, up 8.2% when compared to July 2024. A 16.1% increase in policies filed (88,513) was recorded with average premium per item ($13,736) up 1.7% from July 2024. Record-keeping transactions (name, number, or insurer change endorsements; reversals; etc.) and cancellations were up 9.9% and 10.3% respectively.

Texas surplus lines premiums continue to trend with existing hard-market conditions, including results of changes to diligent effort requirements (TX87 SB1367). SLTX continues to monitor the Texas surplus lines market and share data and analysis as recorded or completed.