TX | The Surplus Lines Stamping Office of Texas (“SLTX”) recorded another record-breaking month with $947.48M in premium reported in June, with a total of $4.58B year-to-date. This results in a 24.5% (or $186M) increase in premiums over June 2020, and a 16.2% increase in YTD premiums when compared to the same period in 2020. Continuing the YTD trend, June 2021 is now the largest single month ever reported in SLTX’s 33-year history, exceeding the most recent record (May 2021) by nearly $63 million!
Various lines of business experienced notable growth over June 2020, with the largest increase being Fire / Allied Lines coverage (residential, commercial, and historical codes), which rose almost $92M (or 30.2%). Additionally, Excess / Umbrella and Commercial General Liability (including new codes that were historically combined) coverages also recorded growth, up $29M (or 22.3%) and $19.2M (or 19.8%) respectively. Roughly 75% of total premium increases can be attributed to these three coverages.