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Property, Casualty and Direct Insurance in Florida

Author.Name IBISWorld United States Last Updated: April 2025 NAICS FL52412

Property, Casualty and Direct Insurance in Florida industry analysis

The Property, Casualty and Direct Insurance industry in Florida is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments increased an annualized x.x% to x,xxx locations. Industry employment has increased an annualized x.x% to x,xxx workers, while industry wages have increased an annualized x.x% to $x.x billion.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x billion, while the national industry is expected to grow x%. Industry establishments are forecast to grow x% to x,xxx locations. Industry employment is expected to increase an annualized x.x% to x,xxx workers, while industry wages are forecast to increase x% to $x.x billion.

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About the Property, Casualty and Direct Insurance in Florida Market Research Report

What’s Included in the Property, Casualty and Direct Insurance in Florida Market Research Report

Definition of the Property, Casualty and Direct Insurance in Florida?

Operators in this industry are primarily engaged in underwriting insurance policies that protect individuals, businesses and agencies against losses that occur as a result of property damage, liability or other risks. Industry participants also protect real estate owners or creditors against losses sustained as a result of any title defect to real property. This industry does not include insurance coverage for life, disability, accidental death, dismemberment or health risks.

What’s included in the Property, Casualty and Direct Insurance in Florida?

The Property, Casualty and Direct Insurance in Florida includes directly underwriting automobile insurance, directly underwriting homeowners' insurance, directly underwriting title insurance, directly underwriting workers' compensation insurance, directly underwriting medical malpractice insurance and reinsuring policies from other insurance companies. Related terms covered in the Property, Casualty and Direct Insurance in Florida industry report includes the supply of insurance or the maximum amount of insurance a company or market can underwrite, which is determined by a firm's financial strength or surplus, the action of an insurer passing risk to a reinsurer. the cedent purchases a contract, indemnifying them for specific losses realized in assuming liability through the issuance of insurance policies, a measurement of a firm's underwriting performance and profitability; it equals the loss ratio plus the expense ratio, underwriting or operation expenses as a percentage of earned premiums, indicating the percentage of premium income that was consumed in writing insurance business, the percentage of premiums earned that were paid out as claims; it equals loss-incurred and loss-adjusted expenses (llae) divided by earned premiums, the difference between an insurer's liabilities and its assets; this is the financial cushion that protects policyholders in case of unexpectedly high claims, indemnity insurance that protects against financial loss from defects in title to real property and from invalidity of mortgage liens and the process where insurers assess the risks to insure and decide how much to charge for those risks.

Industry Performance of the Property, Casualty and Direct Insurance industry in Florida

Benchmark the Property, Casualty and Direct Insurance in Florida industry performance with all FL county and national performance.

Property, Casualty and Direct Insurance in Florida

#6 in Highest Revenue 5.7% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Property, Casualty and Direct Insurance in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Property, Casualty and Direct Insurance industry in Florida

See how key industry drivers, such as population, median houshold income, per capita disposable income, number of motor vehicle registrations, homeownership rate and yield on 10-year treasury note are impacting Property, Casualty and Direct Insurance in Florida

Florida Economic Indicators

Population
Median Houshold Income
Per Capita Disposable Income

View more economic information in FL State Economic profile

US Key External Drivers

Number of motor vehicle registrations
Homeownership rate
Yield on 10-year Treasury note

For the full list of industry drivers, see report purchase options.

County Data of the Property, Casualty and Direct Insurance industry in Florida

Access proprietary data on county in the Property, Casualty and Direct Insurance in Florida, such as Pinellas County, Hillsborough County and Leon County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Property, Casualty and Direct Insurance industry in Florida

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Property, Casualty and Direct Insurance industry in Florida in 2025?

The market size of the Property, Casualty and Direct Insurance industry in Florida is $58.3bn in 2025.

How many businesses are there in the Property, Casualty and Direct Insurance industry in Florida in 2025?

There are 1,345 businesses in the Property, Casualty and Direct Insurance industry in Florida, which has been growing at an average annual rate of 0.9% from 2020 to 2025.

Has the Property, Casualty and Direct Insurance industry in Florida grown or declined over the past 5 years?

The market size of the Property, Casualty and Direct Insurance industry in Florida has been growing at an average annual rate of 3.8% from 2020 to 2025.

How many employees in the Property, Casualty and Direct Insurance industry in Florida in 2025?

There are 48,727 employees in the Property, Casualty and Direct Insurance industry in Florida, which has been growing at an average annual rate of 1.7% from 2020 to 2025.