January 2026 Florida Surplus Lines Results | Premium Down, Policy Activity Largely Stable

January line-of-business results show that premium movement is not uniform across the market but instead may reflect targeted repricing.

TOP 10 LINES OF BUSINESS | JANUARY 2026

Commercial Property continued to experience pronounced adjustments as premium declined 36 percent, from $443.6 million in January 2025 to $283.7 million in January 2026, while policy count fell 29 percent to 17,660 filings. Average cost per policy declined 10 percent, continuing a repricing trend as capacity expands in the line.

Commercial General Liability experienced a year-over-year decline in both premium and policy count in January, with premium decreasing 12 percent and policy count declining 7 percent. This marks the first instance since April 2025 in which CGL has posted simultaneous declines across both measures. Average cost per policy also decreased 5 percent.

Homeowners HO-3 policy count continued to grow at a faster pace than premium volume. While premium increased 44 percent, policy count nearly doubled, increasing 99 percent to 13,945 filings. With the growth in volume, the average cost per policy fell 28 percent, from $5,479 to $3,954. For additional context on these trends, including a deeper examination of HO-3 activity, see FSLSO's most recent Market Insight on the Homeowners Market.

Ocean Marine-Hull and/or Protection & Indemnity posted a year-over-year premium increase of 234 percent, rising to $19.1 million, while policy count declined by 7 percent. Given the relatively low volume of policies in this line, premium totals can be more sensitive to changes in pricing or limits on a small number of placements.