Total surplus lines premium reported to the stamping offices reached nearly $36 billion during the first half of 2023. (Graphic courtesy of the Wholesale and Specialty Insurance Association.) Total surplus lines premium reported to the stamping offices reached nearly $36 billion during the first half of 2023. (Graphic courtesy of the Wholesale and Specialty Insurance Association.)

Surplus lines premium reached nearly $36 billion, and premium bearing transactions neared 2.9 million through the first six months of 2023, according to the 2023 Midyear Report of the U.S. Surplus Lines Service and Stamping Offices. Premium increased 15.9% and transactions 2.6% over results reported through the same period in 2022. These results follow last year's record-breaking premium of $31 billion and growth of 32.4%.

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