Insurers achieved a combined ratio of 93.1 in 2024. In 2023, the combined ratio was near 100, and in 2020, it was 132.2. (Credit: Montri Thipsorn/Adobe Stock)
Following eight years of losses, Florida’s personal property insurance market saw an underwriting profit in 2024, according to a new report from AM Best.
Among the 45 insurers the report examined, underwriting gains were $206.7 million in 2024, compared to a loss of $174.4 million in 2023. They recorded a pre-tax profit of $492.3 million.
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Corey Dahl
Corey Dahl is assistant editor with PropertyCasualty360.com. Reach her at [email protected].
