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Citizens’ Florida policy count falls below 1M

Florida's insurer of last resort expects to end the year another 87,000 policies or so lighter.

By Brittney Meredith-Miller | December 18, 2024 at 12:08 AM
The 19.5% decrease in policies over the course of 2024 so far reduces Citizens’ exposure by nearly $200 billion. (Credit: Tadamichi/Adobe Stock)

Citizens Property Insurance, Florida’s insurer of last resort, announced its policy count has fallen below 1 million for the first time in over two years. The insurer — which remains the state’s largest — has reduced its policy count by more than 428,000 since January, leaving it with 987,650 active policies at the end of November. They expect that policy count to drop closer to 900,000 by the end of 2024.

The 19.5% decrease in policies over the course of 2024 so far reduces Citizens’ exposure by nearly $200 billion, the insurer shared in a release.

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