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This white paper offers a five-year view of Florida’s property insurance market with a sharp focus on the performance and trajectory of the excess & surplus (E&S) sector.

The Florida Surplus Lines Service Office (FSLSO) is issuing notice that five surplus lines insurers are currently out of compliance with Florida Statute 626.931, Agent Affidavit and Insurer Reporting Requirements. This statute requires all alien and foreign surplus lines insurers writing in Florida to file required premium reports in the form and within the timeframe set forth by the Surplus Lines Law.

Florida’s surplus lines insurance market continues to reflect signs of stabilization as we progress through the second quarter of 2025. The flattening trend observed in recent months remains consistent, underscored by a year-over-year premium decline of -6% for May. May closed with $1.9B in reported premium, a decrease from May 2024. Year-to-date premium through May reached $7.8B, reflecting a 0.6% decrease compared to the same period last year. This subtle shift continues to show a plateauing market.