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Q3 2025 Premium Filing Compliance Update and Required Actions

January opened with a year-over-year decline in premium as total written premium for the month reached just over $1.1 billion, down 16 percent from January 2025. Policy count declined more modestly to 122,642 filings, a 4 percent decrease. As premium declined at a faster pace than policy volume, the average cost per policy fell 12 percent, from $10,657 to $9,352. This divergence between premium and policy count remains a defining characteristic of the current market cycle.

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December closed with clear signals that Florida’s surplus lines market remains both active and healthy. Total written premium for the month reached $1.3 billion, a 15% increase over December 2024, while policy count was up 17% to 131,439 filings. The simultaneous growth in both premium and volume points to sustained demand, with business continuing to move through the market at competitive pricing levels.

Holiday Office Closure | Filing Reminder | SLIP+ Enhancement | Acceptable Fees | Insurer Update

Holiday Greetings from FSLSO

Policy activity remained strong in November with 119,618 policies filed, an 11% year-over-year increase. Total written premium reached $0.92B, a 5% decline from November 2024, showing a continued decrease in average policy value. The average cost per policy fell 14%, mirroring the pricing moderation that has taken hold across the second half of the year.

Policy activity remained strong in October, with 141,193 policies filed, representing a 13% year-over-year increase. However, the average cost per policy declined 14%, bringing total written premium to $1.2B, down 4% from October 2024.

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Florida’s E&S market closed September 2025 with $1.2 billion in premium and 144,583 policies, a 15% increase in policy count compared to September 2024. This performance brought the third quarter total to $4.0 billion in premium and the year-to-date total to $13.9 billion, representing a 2% increase in premium over the same period in 2024.

As we pass the midpoint of Q3, Florida’s surplus lines market continues to soften, with growth flattening. August premium totaled $1.2B, down 1% year over year, while policy count rose 10% to 142K. The average cost per policy fell 10% to $8,202, reinforcing a more competitive market.

Markel International Insurance Company Limited (NAIC # AA1121425) is now in compliance with Florida Statute 626.931, which governs insurer reporting requirements.

Markel Insurance S.E. (NAIC # AA1340044) is now in compliance with Florida Statute 626.931, which governs insurer reporting requirements.

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We are pleased to inform you that effective October 1, 2025, the Florida Surplus Lines Service Office (FSLSO) will be implementing enhancements to the FSLSO SLIP+ system. One notable change is the introduction of a new functionality that allows FSLSO SLIP+ users to designate a policy as exempt from the Emergency Management Preparedness and Assistance (EMPA) surcharge for multi-insurer (layered) policies.

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Berkshire Hathaway International Insurance Limited (NAIC #AA1120030) is now in compliance with Florida Statute 626.931, which governs insurer reporting requirements.