Florida’s E&S Market Closed September 2025 with $1.2B in Premium and 144,583 Policies

Commercial Property remained the largest line of business, producing $352.4 million in premium across 22,911 policies for September. For the quarter, totals reached $1.25 billion in premium and 83,340 policies. The average cost per policy was $15,046, down from $27,674 in Q3 2024, a 46% decline that illustrates the overall softening of the line.

Commercial General Liability showed steady activity. September closed with $193.2 million in premium and 20,061 policies, contributing to a quarterly total of $602.0 million in premium and 61,085 policies. Compared to Q3 2024, this represented a 7% increase in premium and a 2% increase in policy volume. The average cost per policy was $9,855, a 5% increase from last year.

Homeowners (HO-3) continued to expand following the repeal of the diligent effort requirement on July 1, 2025. September generated $62.2 million in premium and 13,328 policies, up 24% and 55%, respectively, from the prior year. For the quarter, HO-3 reached $234.1 million in premium and 50,810 policies, representing a 30% increase in premium and 66% increase in policies year-over-year. The average cost per policy declined to $4,607, down 22% compared to Q3 2024.

Windstorm and/or Hail also showed notable movement. September closed with $23.9 million in premium on 1,807 policies, essentially flat in premium volume but up 71% in policy count compared to September 2024. For the quarter, totals were $96.2 million in premium and 6,697 policies, a 5% increase in premium and 98% increase in policies year-over-year. The average policy cost was $14,358, down from $27,007 in Q3 2024.