The California Surplus Lines Market Index (MCat Index) is a high-level measure of the relative health of the California Surplus Lines market over time.
The Index is the average premium amount per transaction for various periods based on the registered date of the policy/endorsement. The average is calculated by dividing the sum total of premium for all transactions (new and renewal policies and endorsements) by the number of premium-bearing transactions the same period.
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|
February 2023
|
February 2022
|
% Change |
2023 YTD
|
2022 YTD
|
% Change |
| $18,236.92 |
$16,123.20 |
13.11% |
$17,781.39 |
$16,197.56 |
9.78% |
| Year |
2022 |
2021 |
2020 |
2019 |
2018 |
| Index Value |
$16,957.18 |
$18,013.56 |
$16,015.34 |
$14,688.04 |
$11,368.54 |
| Percent Change |
(5.86%) |
12.48% |
9.04% |
29.20% |
N/A |
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| Month |
MCAT Value |
Rolling Average |
% Change |
| February 2023 |
$18,236.92 |
$18,042.28 |
5.21% |
| January 2023 |
$17,333.02 |
$18,026.06 |
31.99% |
| December 2022 |
$13,131.76 |
$18,089.07 |
(18.10%) |
| November 2022 |
$16,033.52 |
$18,584.80 |
(35.69%) |
| October 2022 |
$24,930.08 |
$18,868.27 |
32.13% |
| September 2022 |
$18,868.51 |
$18,110.55 |
(6.27%) |
| August 2022 |
$20,131.44 |
$18,002.27 |
23.57% |
| July 2022 |
$16,291.87 |
$17,647.40 |
(1.00%) |
| June 2022 |
$16,456.70 |
$17,918.51 |
(16.34%) |
| May 2022 |
$19,671.32 |
$18,283.96 |
(0.75%) |
| April 2022 |
$19,820.87 |
$17,821.51 |
13.13% |
| March 2022 |
$17,520.46 |
$16,821.83 |
8.67% |
| February 2022 |
$16,123.20 |
$16,123.20 |
100.00% |
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| Coverage Type |
February 2023
|
February 2022
|
% Change |
2023 YTD
|
2022 YTD
|
% Change |
|
ACCIDENT/DISABILITY
|
$3,564.88 |
$8,730.99 |
(59.17%) |
$4,020.28 |
$6,552.29 |
(3864.32%) |
|
AUTOMOBILES
|
$16,890.12 |
$22,046.01 |
(23.39%) |
$12,671.29 |
$19,824.35 |
(3608.22%) |
|
AVIATION
|
$29,474.79 |
$31,422.68 |
(6.20%) |
$115,435.46 |
$29,570.12 |
29037.87% |
|
COMMERCIAL PROPERTY
|
$20,240.97 |
$14,222.40 |
42.32% |
$18,808.07 |
$14,817.10 |
2693.49% |
|
CRIME
|
$8,522.35 |
$7,137.70 |
19.40% |
$16,049.69 |
$8,957.66 |
7917.28% |
|
EXCESS LIABILITY
|
$45,244.46 |
$37,434.59 |
20.86% |
$46,586.21 |
$35,334.21 |
3184.45% |
|
FIDELITY, SURETY & BONDS
|
$5,822.36 |
$13,128.31 |
(55.65%) |
$8,743.65 |
$22,160.73 |
(6054.44%) |
|
FIRE & ALLIED LINES
|
$7,103.21 |
$8,053.24 |
(11.80%) |
$11,719.76 |
$8,575.20 |
3667.05% |
|
GARAGE
|
$4,918.43 |
$5,057.71 |
(2.75%) |
$4,371.47 |
$4,664.90 |
(629.03%) |
|
INLAND MARINE
|
$6,478.43 |
$7,398.94 |
(12.44%) |
$7,253.78 |
$7,365.31 |
(151.43%) |
|
LIABILITY
|
$9,633.21 |
$8,198.48 |
17.50% |
$9,168.67 |
$8,195.87 |
1186.94% |
|
MALPRACTICE
|
$45,056.60 |
$44,164.03 |
2.02% |
$35,190.06 |
$36,473.72 |
(351.94%) |
|
MISCELLANEOUS
|
$26,219.72 |
$175,518.60 |
(85.06%) |
$95,741.75 |
$104,438.09 |
(832.68%) |
|
MORTGAGE
|
$38,044.15 |
$57,618.38 |
(33.97%) |
$40,538.94 |
$55,845.74 |
(2740.91%) |
|
PLATE GLASS
|
$0.00 |
$0.00 |
0.00% |
$0.00 |
$0.00 |
0.00% |
|
PROFESSIONAL LIABILITY/ERRORS & OMISSION
|
$43,972.63 |
$43,179.30 |
1.84% |
$42,379.97 |
$46,838.05 |
(951.81%) |
|
WORKER'S COMPENSATION
|
$0.00 |
$0.00 |
0.00% |
$0.00 |
$0.00 |
0.00% |