May 2025 Filings Reach $1.8B

SLTX recorded $1.78B in May. This represents a 5.6% increase over May 2024, and 18.5% increase year-to-date.

60.3% of premium reported (32.3% of items) is attributable to renewal policies, 36.7% (36.1% of items) to new business, and 3.0% (31.6% of items) to non-policy transactions. Furthermore, non-policy transactions are predominately Premium Endorsements (26,119 items or 68.5% of the 31.6%) and Cancellations (9,647 items or 25.3% of the 31.6%).

The largest increase, Excess/Umbrella Liability coverage, rose $112.6M (or 45.3%). Builders’ Risk Property, Commercial Package, and Homeowners’ coverages also recorded growth, up $51.4M (287.5%), $18.6M (28.9%), and $17.1M (57.2%) respectively. 211.7% 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 May 2024.

Overall transactions reflected growth for May in item counts, up 0.7% when compared to May 2024. An 8.2% increase in policies filed (82,526) was recorded with average premium per item ($14,792) up 4.9% from May 2024. Record-keeping transactions (name, number, or insurer change endorsements; reversals; etc.) and cancellations were down 0.4% and up 7.9% 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).