June 2025 Filings Reach $1.7B

SLTX recorded $1.69B in June. This represents a 9.5% increase over June 2024, and 16.8% increase year-to-date.  

62.0% of premium reported (32.0% of items) is attributable to renewal policies, 37.2% (38.3% of items) to new business, and 0.8% (29.7% of items) to non-policy transactions. Furthermore, non-policy transactions are predominately Premium Endorsements (22,559 items or 61.9% of the 29.7%) and Cancellations (10,926 items or 30.0% of the 29.7%). 

The largest increase, Excess/Umbrella Liability coverage, rose $44.5M (or 20.1%). Commercial Fire and Allied Lines, Builders’ Risk Property, and Homeowners’ coverages also recorded growth, up $27.0M (4.2%), $23.9M (63.1%), and $18.8M (62.1%) respectively. 78.0% of total premium increases can be attributed to these coverages. 

Overall transactions reflected growth for June in item counts, up 5.6% when compared to June 2024. A 10.6% increase in policies filed (86,240) was recorded with average premium per item ($13,815) up 3.7% from June 2024. Record-keeping transactions (name, number, or insurer change endorsements; reversals; etc.) and cancellations were down 23.3% and up 27.6% 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.