TX | The Surplus Lines Stamping Office of Texas (“SLTX”) recorded $1.51B in August. This represents a 15.7% increase over August 2023, and 12.0% increase year-to-date.
55.0% of premium reported (29.0% of items) is attributable to renewal policies, 41.6% (31.8% of items) to new business, and 3.4% (39.2% of items) to non-policy transactions. Furthermore, non-policy transactions are predominately Premium Endorsements (35,151 items or 76.1% of the 39.2%) and Cancellations (8,631 items or 18.7% of the 39.2%).