Surplus lines premium exceeded $31 billion, and premium bearing transactions were almost 2.8 million, through the first six months of 2022 according to the 2022 Midyear Report of the U.S. Surplus Lines Service and Stamping Offices. Premium increased 32.4% and transactions 9.4% over numbers reported through the same period in 2021. Year to year premium grew at the highest percentage rate since the stamping offices began reporting collective data in 2009. The increase in premium bearing transactions is also the highest percentage growth since 2017. Typically, stamping offices report higher premiums in quarters three and four than in quarters one and two, and most predict dynamic economic factors will drive continued growth for the surplus lines market for the balance of 2022.