April 2025 Filings Reach $1.9B

SLTX recorded $1.87B in April. This represents a 18.7% increase over April 2024, and 23.1% increase year-to-date.

57.9% of premium reported (32.9% of items) is attributable to renewal policies, 38.2% (35.0% of items) to new business, and 3.9% (32.0% of items) to non-policy transactions. Furthermore, non-policy transactions are predominately Premium Endorsements (26,862 items or 68.5% of the 32.0%) and Cancellations (9,922 items or 25.3% of the 32.0%).

The largest increase, Excess/Umbrella Liability coverage, rose $95.6M (or 37.6%). Commercial Package, Commercial General Liability, and Homeowners’ coverages also recorded growth, up $47.0M (66.6%), $33.5M (19.9%), and $28.3M (124.7%) respectively. 69.1% of total premium increases can be attributed to these coverages.

Overall transactions reflected growth for April in item counts, up 10.6% when compared to April 2024. A 18.3% increase in policies filed (83,242) was recorded with average premium per item ($15,307) up 7.4% from April 2024. Record-keeping transactions (name, number, or insurer change endorsements; reversals; etc.) and cancellations were up 8.8% and 19.6% 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.