Florida insurers profitable for the first time in eight years


Florida's personal property insurance market achieved its first underwriting profit in eight years during 2024, totaling $206.7 million.
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Following eight years of losses, Floridaโ€™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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