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.

To request any additional related data or analysis, please contact Christian Robinson, Senior Data Analyst (crobinson@sltx.org).