Florida and California dominate growth rankings
Florida led all states by a considerable margin. There, homeowners multiple peril profits rose $5.2 billion, more than double the next highest state. California followed with $2.1 billion in homeowners’ multiple growth, trailed by Minnesota ($2.0 billion), Louisiana ($1.9 billion), and New York ($1.0 billion). In Florida, the value of Homeowners multiple peril coverage rose from $3.2 billion in 2022 to $8.4 billion in 2024, a 2.6-fold increase over two years.