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.

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