Florida industry combined ratio improved to 109% YoY in Q2: Gallagher Re

21 September 2022

The Florida industry combined ratio declined 13.1 points year-over-year to 109% in Q2 2022, despite a market backdrop of failing and downgraded companies, according to the Gallagher Re Q2 2022 Florida Market Watch report.

The industry net loss and LAE ratios decreased 7.3 points year-over-year, while expense ratios improved by 5.9 points.

Florida's policyholder surplus improved 2% year-to-date, driven by the Citizens' PHS increase of 4.7%,

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