{"id":1305,"date":"2022-05-31T17:05:23","date_gmt":"2022-05-31T17:05:23","guid":{"rendered":"http:\/\/www.slameeting.com\/bodjun2023\/?page_id=1305"},"modified":"2023-06-12T19:25:06","modified_gmt":"2023-06-12T19:25:06","slug":"analysis","status":"publish","type":"page","link":"https:\/\/www.slameeting.com\/bodjun2023\/analysis\/","title":{"rendered":"Revenue Forecast"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;section&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_row admin_label=&#8221;row&#8221; _builder_version=&#8221;4.16&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<h1>Market Analytics<\/h1>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3>Table of Contents<\/h3>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#0c71c3&#8243; custom_margin=&#8221;||-17px||false|false&#8221; link_option_url=&#8221;#performance&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Q1-Q2 Performance &#8211; FY&#8217; 2023 vs 2022 (Dec &#8211; May)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#0c71c3&#8243; custom_margin=&#8221;||-17px||false|false&#8221; link_option_url=&#8221;#performanceprior&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Q1-Q2 Performance &#8211; FY&#8217; 2023 vs 2H2022 (Prior 6 MO&#8217;s)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#0c71c3&#8243; custom_margin=&#8221;||-17px||false|false&#8221; link_option_url=&#8221;#monthlypremium&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Monthly Premium Forecasted Through 2024<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>[\/et_pb_text][et_pb_text module_id=&#8221;averagepremium&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#0c71c3&#8243; custom_margin=&#8221;||-17px||false|false&#8221; link_option_url=&#8221;#avgpremium&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Average Premium Per Transaction-Monthly W\/2024 Forecast<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#0c71c3&#8243; custom_margin=&#8221;||-17px||false|false&#8221; link_option_url=&#8221;#marketpredictions&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Market Forecast\/Revenue Predictions<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#0c71c3&#8243; custom_margin=&#8221;||-17px||false|false&#8221; link_option_url=&#8221;#industriesoftheinsureds&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Industries Of The Insureds-Surplus Lines Performance<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#0c71c3&#8243; custom_margin=&#8221;||-17px||false|false&#8221; link_option_url=&#8221;#premiumchange&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Premium % Change From 1H2023 To Same Period Last Year<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#0c71c3&#8243; custom_margin=&#8221;||-17px||false|false&#8221; link_option_url=&#8221;avgprem&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Avg Prem % Change From 1H23 To Same Period Last Year<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#0c71c3&#8243; link_option_url=&#8221;#premiummarketshare&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Premium Market Share<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>Introduction<\/h2>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<ul>\n<li>The first part of this report will focus on market performance as observed though SLA premium and transactions. The second part of this presentation will be a presentation of Operating Budget and expenditures for 2023.<\/li>\n<li>Part 1 will start off with an overall view of the market data that\u2019s been observed this year compared to prior years. Then some of this market data will be unpacked into NAICS codes of the insureds and Lines\/Coverages.<\/li>\n<li>Note, the data shown is through May, 2023 which is the first half of SLA\u2019s fiscal year that runs December through November. The unpacked NAICS and Coverage information will be for the calendar year. Lastly, NAICS codes are the \u201cNorth American Industry Classification System\u201d codes that identify which industry the insured works in for each policy received by SLA.<\/li>\n<\/ul>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>MARKET OVERVIEW<\/h2>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<ul>\n<li>The charts below show our premium and transactions for the first half of this fiscal year (Dec-May) as compared to the same period last year. The second chart shows the first half of this fiscal year with the prior 6 months. It\u2019s worth noting that in every year past, Q3 and Q4 are substantially higher than Q1 and Q2. As shown, SLA has received 3% less premium than the same period last year and 3% more transactions than the same period last year. Also, average premium per transaction is down 5% for the same period.<\/li>\n<\/ul>\n<p>[\/et_pb_text][et_pb_text module_id=&#8221;performance&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>Q1-Q2 PERFORMANCE &#8211; FY&#8217; 2023 VS 2022 (DEC-MAY)<\/h2>\n<p>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]\n<table id=\"tablepress-22\" class=\"tablepress tablepress-id-22\">\n<tbody class=\"row-hover\">\n<tr class=\"row-1\">\n\t<td class=\"column-1\">Period<\/td><td class=\"column-2\">Premium<\/td><td class=\"column-3\">Transactions<\/td><td class=\"column-4\">Avg. Prem\/Txn<\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Q1 - 2'2022<\/td><td class=\"column-2\">$8,075,590,310 <\/td><td class=\"column-3\">457,285 <br \/>\n<\/td><td class=\"column-4\">$17,659.00 <br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Q1 - 2'2023<\/td><td class=\"column-2\">$7,844,573,340 <\/td><td class=\"column-3\">468,901 <br \/>\n<\/td><td class=\"column-4\">$16,729.00 <br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">PCT Change<\/td><td class=\"column-2\">-3%<\/td><td class=\"column-3\">3%<\/td><td class=\"column-4\">-5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-22 from cache -->[\/et_pb_code][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;12px&#8221; global_colors_info=&#8221;{}&#8221;]*Note: Seasonality model expected 6% less premium than average for the period[\/et_pb_text][et_pb_text module_id=&#8221;performanceprior&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>Q1-Q2 PERFORMANCE -FY&#8217;2023 VS 2H2022 (PRIOR 6 MO&#8217;S)<\/h2>\n<p>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]\n<table id=\"tablepress-45\" class=\"tablepress tablepress-id-45\">\n<tbody class=\"row-hover\">\n<tr class=\"row-1\">\n\t<td class=\"column-1\">Period<\/td><td class=\"column-2\">Premium<\/td><td class=\"column-3\">Transactions<\/td><td class=\"column-4\">Avg. Prem\/Txn<\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Q3-4'2022<br \/>\n<\/td><td class=\"column-2\">$8,254,410,960 <br \/>\n<\/td><td class=\"column-3\">463,729 <br \/>\n<br \/>\n<\/td><td class=\"column-4\">$17,800.00 <br \/>\n <br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Q1-2'2023<br \/>\n<\/td><td class=\"column-2\">$7,844,573,340 <br \/>\n<\/td><td class=\"column-3\">468,901 <br \/>\n<br \/>\n<\/td><td class=\"column-4\">$16,729.00 <br \/>\n<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">PCT Change<\/td><td class=\"column-2\">-5%<\/td><td class=\"column-3\">1%<\/td><td class=\"column-4\">-6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-45 from cache -->[\/et_pb_code][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<ul>\n<li>The graphs below represent monthly premium and average premium with a forecasted trend lines. Notice the predicted slow growth over the next 18 months is much slower than the last few years.\u00a0 The second graph is of the S&amp;P 500. This index shows a good correlation to SLA\u2019s monthly premium and the trend lines behaves in a similar pattern. The S&amp;P 500 and Wilshire 5000 are both highly correlated to total premium.<\/li>\n<\/ul>\n<p>[\/et_pb_text][et_pb_text module_id=&#8221;monthlypremium&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>MONTHLY PREMIUM FORECASTED THROUGH 2024<\/h2>\n<p>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<div class=\"visualizer-front-container visualizer-lazy-render\" id=\"chart_wrapper_visualizer-2664-1732408907\"><style type=\"text\/css\" name=\"visualizer-custom-css\" id=\"customcss-visualizer-2664\">.locker,.locker-loader{position:absolute;top:0;left:0;width:100%;height:100%}.locker{z-index:1000;opacity:.8;background-color:#fff;-ms-filter:\"progid:DXImageTransform.Microsoft.Alpha(Opacity=80)\";filter:alpha(opacity=80)}.locker-loader{z-index:1001;background:url(https:\/\/www.slameeting.com\/bodjun2023\/wp-content\/plugins\/visualizer\/images\/ajax-loader.gif) no-repeat center center}.dt-button{display:none!important}.visualizer-front-container.visualizer-lazy-render{content-visibility: auto;}.google-visualization-controls-categoryfilter label.google-visualization-controls-label {vertical-align: middle;}.google-visualization-controls-categoryfilter li.goog-inline-block {margin: 0 0.2em;}.google-visualization-controls-categoryfilter li {padding: 0 0.2em;}.visualizer-front-container .dataTables_scrollHeadInner{margin: 0 auto;}.visualizer-editor-front-container{position:relative;width:auto;margin:5%;background:#fff}.visualizer-editor-front{overflow:hidden;width:100%;height:500px}.visualizer-editor-front-actions{padding-bottom:3px}.visualizer-editor-save,.visualizer-editor-cancel{margin:0 4px;padding:2px 15px}.visualizer-cw-error .visualizer-actions{display:none !important;} <\/style><div id=\"visualizer-2664-1732408907\" class=\"visualizer-front  visualizer-front-2664\"><\/div><!-- Not showing structured data for chart 2664 because title is empty --><\/div>[\/et_pb_code][et_pb_text module_id=&#8221;avgpremium&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>AVERAGE PREMIUM PER TRANSACTION-MONTHLY W\/2024 FORECAST<\/h2>\n<p>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<div class=\"visualizer-front-container visualizer-lazy-render\" id=\"chart_wrapper_visualizer-2712-2036277478\"><style type=\"text\/css\" name=\"visualizer-custom-css\" id=\"customcss-visualizer-2712\">.locker,.locker-loader{position:absolute;top:0;left:0;width:100%;height:100%}.locker{z-index:1000;opacity:.8;background-color:#fff;-ms-filter:\"progid:DXImageTransform.Microsoft.Alpha(Opacity=80)\";filter:alpha(opacity=80)}.locker-loader{z-index:1001;background:url(https:\/\/www.slameeting.com\/bodjun2023\/wp-content\/plugins\/visualizer\/images\/ajax-loader.gif) no-repeat center center}.dt-button{display:none!important}.visualizer-front-container.visualizer-lazy-render{content-visibility: auto;}.google-visualization-controls-categoryfilter label.google-visualization-controls-label {vertical-align: middle;}.google-visualization-controls-categoryfilter li.goog-inline-block {margin: 0 0.2em;}.google-visualization-controls-categoryfilter li {padding: 0 0.2em;}.visualizer-front-container .dataTables_scrollHeadInner{margin: 0 auto;}.visualizer-editor-front-container{position:relative;width:auto;margin:5%;background:#fff}.visualizer-editor-front{overflow:hidden;width:100%;height:500px}.visualizer-editor-front-actions{padding-bottom:3px}.visualizer-editor-save,.visualizer-editor-cancel{margin:0 4px;padding:2px 15px}.visualizer-cw-error .visualizer-actions{display:none !important;} <\/style><div id=\"visualizer-2712-2036277478\" class=\"visualizer-front  visualizer-front-2712\"><\/div><!-- Not showing structured data for chart 2712 because title is empty --><\/div>[\/et_pb_code][et_pb_code _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<div class=\"visualizer-front-container visualizer-lazy-render\" id=\"chart_wrapper_visualizer-2740-402185266\"><style type=\"text\/css\" name=\"visualizer-custom-css\" id=\"customcss-visualizer-2740\">.locker,.locker-loader{position:absolute;top:0;left:0;width:100%;height:100%}.locker{z-index:1000;opacity:.8;background-color:#fff;-ms-filter:\"progid:DXImageTransform.Microsoft.Alpha(Opacity=80)\";filter:alpha(opacity=80)}.locker-loader{z-index:1001;background:url(https:\/\/www.slameeting.com\/bodjun2023\/wp-content\/plugins\/visualizer\/images\/ajax-loader.gif) no-repeat center center}.dt-button{display:none!important}.visualizer-front-container.visualizer-lazy-render{content-visibility: auto;}.google-visualization-controls-categoryfilter label.google-visualization-controls-label {vertical-align: middle;}.google-visualization-controls-categoryfilter li.goog-inline-block {margin: 0 0.2em;}.google-visualization-controls-categoryfilter li {padding: 0 0.2em;}.visualizer-front-container .dataTables_scrollHeadInner{margin: 0 auto;}.visualizer-editor-front-container{position:relative;width:auto;margin:5%;background:#fff}.visualizer-editor-front{overflow:hidden;width:100%;height:500px}.visualizer-editor-front-actions{padding-bottom:3px}.visualizer-editor-save,.visualizer-editor-cancel{margin:0 4px;padding:2px 15px}.visualizer-cw-error .visualizer-actions{display:none !important;} <\/style><div id=\"visualizer-2740-402185266\" class=\"visualizer-front  visualizer-front-2740\"><\/div><!-- Not showing structured data for chart 2740 because title is empty --><\/div>[\/et_pb_code][et_pb_text module_id=&#8221;marketpredictions&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>MARKET FORECAST\/REVENUE PREDICTIONS<\/h2>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<ul>\n<li>In reevaluating the forecasting models for the remainder of 2023, the predicted uptick should result in a 5% increase in premium over last fiscal year and 10% increase in policies. Last year, the prediction was 11% growth for this year\u2019s premium. It\u2019s also worth noting that in all models, average premium is down. As calculated, this is largely due to the strong increase in transaction counts. We should expect around $35M in received stamping fees for this fiscal year, as a result of exceptionally late transactions through May at the prior stamping fee rate of 0.25%.<\/li>\n<li>The models for the calendar year are more favorable than the models for the fiscal year. This is based on 7 months of estimates, so there is more uncertainty in this model. However, it is very close to the original predictions made last year.<\/li>\n<\/ul>\n<p>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]\n<table id=\"tablepress-46\" class=\"tablepress tablepress-id-46\">\n<tbody class=\"row-hover\">\n<tr class=\"row-1\">\n\t<td class=\"column-1\">FISCAL YEAR<br \/>\n<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Average of All Predictive Models (FISCAL Year 2023)<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Transactions<\/td><td class=\"column-2\">Premium <br \/>\n<\/td><td class=\"column-3\">Stamping Fees<br \/>\n<\/td><td class=\"column-4\">Prem % Change<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">1,007,418 <br \/>\n<\/td><td class=\"column-2\">$17,014,359,807 <br \/>\n<\/td><td class=\"column-3\">$35,288,064 <br \/>\n<\/td><td class=\"column-4\">5%<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">10%<\/td><td class=\"column-2\">5%<\/td><td class=\"column-3\"><b>Avg. Premium %:<b><br \/>\n<\/td><td class=\"column-4\">-5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-46 from cache -->[\/et_pb_code][et_pb_code _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]\n<table id=\"tablepress-47\" class=\"tablepress tablepress-id-47\">\n<tbody class=\"row-hover\">\n<tr class=\"row-1\">\n\t<td class=\"column-1\">CALENDAR YEAR<br \/>\n<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Average of All Predictive Models (CALENDAR Year 2023)<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Transactions<\/td><td class=\"column-2\">Premium <br \/>\n<\/td><td class=\"column-3\">Stamping Fees<br \/>\n<\/td><td class=\"column-4\">Prem % Change<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">1,003,513 <br \/>\n<\/td><td class=\"column-2\">$17,877,599,947.69 <br \/>\n<br \/>\n<\/td><td class=\"column-3\">$36,929,559.00 <br \/>\n<br \/>\n<\/td><td class=\"column-4\">10%<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">9%<\/td><td class=\"column-2\">10%<\/td><td class=\"column-3\"><b>Avg. Premium %:<b><br \/>\n<\/td><td class=\"column-4\">1%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-47 from cache -->[\/et_pb_code][et_pb_text module_id=&#8221;industriesoftheinsureds&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>INDUSTRIES OF THE INSUREDS-SURPLUS LINES PERFORMANCE<\/h2>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<ul>\n<li>As can be expected, non-admitted California market performance based on NAICS codes of the insureds tracks closely with several economic factors and the financial performance of major industries. The charts below show some performance information about various industries and their relationships with the California non-admitted market.<\/li>\n<\/ul>\n<p>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]\n<table id=\"tablepress-48\" class=\"tablepress tablepress-id-48\">\n<tbody class=\"row-hover\">\n<tr class=\"row-1 odd\">\n\t<td class=\"column-1\">NAICS CODE<\/td><td class=\"column-2\">DESCRIPTION<br \/>\n<\/td><td class=\"column-3\">PREM PCT CHANGE<br \/>\n1H23To1H22<br \/>\n(Same period 2022)<\/td><td class=\"column-4\">SUBSECTOR COMMENTS<\/td>\n<\/tr>\n<tr class=\"row-2 even\">\n\t<td class=\"column-1\">21<\/td><td class=\"column-2\">Mining, Quarrying, Oil and Gas<br \/>\n<\/td><td class=\"column-3\">35%<\/td><td class=\"column-4\">Oil\/Gas extraction, support activities for mining up 100%<\/td>\n<\/tr>\n<tr class=\"row-3 odd\">\n\t<td class=\"column-1\">81<\/td><td class=\"column-2\">Other Services (except Public Admin)<br \/>\n<\/td><td class=\"column-3\">28%<\/td><td class=\"column-4\">Personal services, laundry, religious, and private households up. Repair down.<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-4 even\">\n\t<td class=\"column-1\">61<\/td><td class=\"column-2\">Educational Services<br \/>\n<\/td><td class=\"column-3\">26%<\/td><td class=\"column-4\">Whole sector up.<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-5 odd\">\n\t<td class=\"column-1\">92<\/td><td class=\"column-2\">Public Administration<br \/>\n<\/td><td class=\"column-3\">14%<\/td><td class=\"column-4\">Space research, executive, economic programs up. Big downtick in all in May.<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-6 even\">\n\t<td class=\"column-1\">11<\/td><td class=\"column-2\">Agriculture, Forestry, Fishing, Hunting<br \/>\n<\/td><td class=\"column-3\">12%<\/td><td class=\"column-4\">Crop, animal, and aquiculture production up 20-40%<\/td>\n<\/tr>\n<tr class=\"row-7 odd\">\n\t<td class=\"column-1\">PL<\/td><td class=\"column-2\">Personal Line<br \/>\n<\/td><td class=\"column-3\">6%<\/td><td class=\"column-4\">Continues to grow, 3% uptick in May.<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-8 even\">\n\t<td class=\"column-1\">53<\/td><td class=\"column-2\">Real Estate and Rental and Leasing<br \/>\n<\/td><td class=\"column-3\">5%<\/td><td class=\"column-4\">Rental and leasing Up, Real Estate flat, Intangible asset leases down.<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-9 odd\">\n\t<td class=\"column-1\">62<\/td><td class=\"column-2\">Health Care and Social Assistance<br \/>\n<\/td><td class=\"column-3\">0%<\/td><td class=\"column-4\">Nursing, healthcare, social svc up. Hospitals, ambulatory care down.<\/td>\n<\/tr>\n<tr class=\"row-10 even\">\n\t<td class=\"column-1\">23<\/td><td class=\"column-2\">Construction<br \/>\n<\/td><td class=\"column-3\">-7%<\/td><td class=\"column-4\">Specialty trades up, all other subsectors down<\/td>\n<\/tr>\n<tr class=\"row-11 odd\">\n\t<td class=\"column-1\">71<\/td><td class=\"column-2\">Arts, Entertainment, and Recreation<br \/>\n<\/td><td class=\"column-3\">-9%<\/td><td class=\"column-4\">Amusement parks, recreation up. Museums, sights, performing arts down.<\/td>\n<\/tr>\n<tr class=\"row-12 even\">\n\t<td class=\"column-1\">72<\/td><td class=\"column-2\">Accommodation and Food Services<br \/>\n<\/td><td class=\"column-3\">-11%<\/td><td class=\"column-4\">Accommodations up. Food service down.<\/td>\n<\/tr>\n<tr class=\"row-13 odd\">\n\t<td class=\"column-1\">44-45<\/td><td class=\"column-2\">Retail Trade<br \/>\n<\/td><td class=\"column-3\">-14%<\/td><td class=\"column-4\">General merch, food\/bev up, all others down<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-14 even\">\n\t<td class=\"column-1\">56<\/td><td class=\"column-2\">Waste Management<br \/>\n<\/td><td class=\"column-3\">-19%<\/td><td class=\"column-4\">Whole sector down.<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-15 odd\">\n\t<td class=\"column-1\">42<\/td><td class=\"column-2\">Wholesale Trade<br \/>\n<\/td><td class=\"column-3\">-20%<\/td><td class=\"column-4\">Durable, non-durable goods, wholesale trading all down<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-16 even\">\n\t<td class=\"column-1\">31-33<\/td><td class=\"column-2\">Manufacturing<br \/>\n<\/td><td class=\"column-3\">-20%<\/td><td class=\"column-4\">Paper, petroleum, minerals, transport equip, furniture Up, all others down<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-17 odd\">\n\t<td class=\"column-1\">22<\/td><td class=\"column-2\">Utilities<\/td><td class=\"column-3\">-20%<\/td><td class=\"column-4\">PGE Up 2x, Sempra, Edison, Green No renewals in 2023 (about $250M)<\/td>\n<\/tr>\n<tr class=\"row-18 even\">\n\t<td class=\"column-1\">51<\/td><td class=\"column-2\">Information<br \/>\n<\/td><td class=\"column-3\">-24%<\/td><td class=\"column-4\">Movies\/sound\/publishing up. Websites, infrastructure, telecom down.<\/td>\n<\/tr>\n<tr class=\"row-19 odd\">\n\t<td class=\"column-1\">54<\/td><td class=\"column-2\">Professional, Scientific, Tech Svcs<br \/>\n<\/td><td class=\"column-3\">-27%<\/td><td class=\"column-4\">Whole sector down.<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-20 even\">\n\t<td class=\"column-1\">55<\/td><td class=\"column-2\">Management of Companies<br \/>\n<\/td><td class=\"column-3\">-27%<\/td><td class=\"column-4\">Whole sector down.<\/td>\n<\/tr>\n<tr class=\"row-21 odd\">\n\t<td class=\"column-1\">48-49<\/td><td class=\"column-2\">Transportation and Warehousing<br \/>\n<\/td><td class=\"column-3\">-27%<\/td><td class=\"column-4\">Air, sightseeing, and pipeline transport up, rail\/couriers down, trucking flat<\/td>\n<\/tr>\n<tr class=\"row-22 even\">\n\t<td class=\"column-1\">52<\/td><td class=\"column-2\">Finance and Insurance<\/td><td class=\"column-3\">-35%<\/td><td class=\"column-4\">All down, Upward spike in banking in May.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-48 from cache -->[\/et_pb_code][et_pb_code _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]\n<table id=\"tablepress-49\" class=\"tablepress tablepress-id-49\">\n<tbody class=\"row-hover\">\n<tr class=\"row-1 odd\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td colspan=\"2\" class=\"column-3\">AVERAGE PREMIUM PERCENT CHANGE<\/td>\n<\/tr>\n<tr class=\"row-2 even\">\n\t<td class=\"column-1\">NAICS CODE<\/td><td class=\"column-2\">DESCRIPTION<\/td><td class=\"column-3\">1H23To1H22<br \/>\n(Same period 2022)<\/td><td class=\"column-4\">1H23To2H22 <br \/>\n(Prior 6 months)<\/td>\n<\/tr>\n<tr class=\"row-3 odd\">\n\t<td class=\"column-1\">21<\/td><td class=\"column-2\">Mining, Quarrying, Oil and Gas<\/td><td class=\"column-3\">64%<\/td><td class=\"column-4\">-4%<\/td>\n<\/tr>\n<tr class=\"row-4 even\">\n\t<td class=\"column-1\">81<\/td><td class=\"column-2\">Other Services (except Public Admin)<\/td><td class=\"column-3\">48%<\/td><td class=\"column-4\">0%<\/td>\n<\/tr>\n<tr class=\"row-5 odd\">\n\t<td class=\"column-1\">61<\/td><td class=\"column-2\">Educational Services<\/td><td class=\"column-3\">22%<\/td><td class=\"column-4\">14%<\/td>\n<\/tr>\n<tr class=\"row-6 even\">\n\t<td class=\"column-1\">55<\/td><td class=\"column-2\">Management of Companies<\/td><td class=\"column-3\">17%<\/td><td class=\"column-4\">-13%<\/td>\n<\/tr>\n<tr class=\"row-7 odd\">\n\t<td class=\"column-1\">11<\/td><td class=\"column-2\">Agriculture, Forestry, Fishing, Hunting<\/td><td class=\"column-3\">14%<\/td><td class=\"column-4\">04%<\/td>\n<\/tr>\n<tr class=\"row-8 even\">\n\t<td class=\"column-1\">92<\/td><td class=\"column-2\">Public Administration<\/td><td class=\"column-3\">11%<\/td><td class=\"column-4\">-05%<\/td>\n<\/tr>\n<tr class=\"row-9 odd\">\n\t<td class=\"column-1\">62<\/td><td class=\"column-2\">Health Care and Social Assistance<\/td><td class=\"column-3\">8%<\/td><td class=\"column-4\">16%<\/td>\n<\/tr>\n<tr class=\"row-10 even\">\n\t<td class=\"column-1\">23<\/td><td class=\"column-2\">Construction<\/td><td class=\"column-3\">6%<\/td><td class=\"column-4\">10%<\/td>\n<\/tr>\n<tr class=\"row-11 odd\">\n\t<td class=\"column-1\">71<\/td><td class=\"column-2\">Arts, Entertainment, and Recreation<\/td><td class=\"column-3\">2%<\/td><td class=\"column-4\">27%<\/td>\n<\/tr>\n<tr class=\"row-12 even\">\n\t<td class=\"column-1\">53<\/td><td class=\"column-2\">Real Estate and Rental and Leasing<\/td><td class=\"column-3\">1%<\/td><td class=\"column-4\">-7%<\/td>\n<\/tr>\n<tr class=\"row-13 odd\">\n\t<td class=\"column-1\">PL<\/td><td class=\"column-2\">Personal Line<\/td><td class=\"column-3\">0%<\/td><td class=\"column-4\">-6%<\/td>\n<\/tr>\n<tr class=\"row-14 even\">\n\t<td class=\"column-1\">42<\/td><td class=\"column-2\">Wholesale Trade<\/td><td class=\"column-3\">-1%<\/td><td class=\"column-4\">2%<\/td>\n<\/tr>\n<tr class=\"row-15 odd\">\n\t<td class=\"column-1\">31-33<\/td><td class=\"column-2\">Manufacturing<\/td><td class=\"column-3\">-3%<\/td><td class=\"column-4\">-10%<\/td>\n<\/tr>\n<tr class=\"row-16 even\">\n\t<td class=\"column-1\">44-45<\/td><td class=\"column-2\">Retail Trade<\/td><td class=\"column-3\">-4%<\/td><td class=\"column-4\">-17%<\/td>\n<\/tr>\n<tr class=\"row-17 odd\">\n\t<td class=\"column-1\">51<\/td><td class=\"column-2\">Information<\/td><td class=\"column-3\">-7%<\/td><td class=\"column-4\">-20%<\/td>\n<\/tr>\n<tr class=\"row-18 even\">\n\t<td class=\"column-1\">54<\/td><td class=\"column-2\">Professional, Scientific, Tech Svcs<\/td><td class=\"column-3\">-7%<\/td><td class=\"column-4\">-14%<\/td>\n<\/tr>\n<tr class=\"row-19 odd\">\n\t<td class=\"column-1\">72<\/td><td class=\"column-2\">Accommodation and Food Services<\/td><td class=\"column-3\">-9%<\/td><td class=\"column-4\">4%<\/td>\n<\/tr>\n<tr class=\"row-20 even\">\n\t<td class=\"column-1\">22<\/td><td class=\"column-2\">Utilities<\/td><td class=\"column-3\">-12%<\/td><td class=\"column-4\">-35%<\/td>\n<\/tr>\n<tr class=\"row-21 odd\">\n\t<td class=\"column-1\">56<\/td><td class=\"column-2\">Waste Management<\/td><td class=\"column-3\">-13%<\/td><td class=\"column-4\">-8%<\/td>\n<\/tr>\n<tr class=\"row-22 even\">\n\t<td class=\"column-1\">52<\/td><td class=\"column-2\">Finance and Insurance<\/td><td class=\"column-3\">-17%<\/td><td class=\"column-4\">-4%<\/td>\n<\/tr>\n<tr class=\"row-23 odd\">\n\t<td class=\"column-1\">48-49<\/td><td class=\"column-2\">Transportation and Warehousing<\/td><td class=\"column-3\">-20%<\/td><td class=\"column-4\">-11%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-49 from cache -->[\/et_pb_code][et_pb_code _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]\n<table id=\"tablepress-50\" class=\"tablepress tablepress-id-50\">\n<tbody class=\"row-hover\">\n<tr class=\"row-1 odd\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td colspan=\"2\" class=\"column-3\">Premium Market Share<\/td>\n<\/tr>\n<tr class=\"row-2 even\">\n\t<td class=\"column-1\">NAICS CODE<\/td><td class=\"column-2\">DESCRIPTION<\/td><td class=\"column-3\">2022<\/td><td class=\"column-4\">2023<\/td>\n<\/tr>\n<tr class=\"row-3 odd\">\n\t<td class=\"column-1\">53<\/td><td class=\"column-2\">Real Estate and Rental and Leasing<\/td><td class=\"column-3\">13%<\/td><td class=\"column-4\">15%<\/td>\n<\/tr>\n<tr class=\"row-4 even\">\n\t<td class=\"column-1\">23<\/td><td class=\"column-2\">Construction<\/td><td class=\"column-3\">12%<\/td><td class=\"column-4\">14%<\/td>\n<\/tr>\n<tr class=\"row-5 odd\">\n\t<td class=\"column-1\">48-49<\/td><td class=\"column-2\">Transportation and Warehousing<\/td><td class=\"column-3\">11%<\/td><td class=\"column-4\">10%<\/td>\n<\/tr>\n<tr class=\"row-6 even\">\n\t<td class=\"column-1\">52<\/td><td class=\"column-2\">Finance and Insurance<\/td><td class=\"column-3\">9%<\/td><td class=\"column-4\">7%<\/td>\n<\/tr>\n<tr class=\"row-7 odd\">\n\t<td class=\"column-1\">62<\/td><td class=\"column-2\">Health Care and Social Assistance<\/td><td class=\"column-3\">5%<\/td><td class=\"column-4\">6%<\/td>\n<\/tr>\n<tr class=\"row-8 even\">\n\t<td class=\"column-1\">54<\/td><td class=\"column-2\">Professional, Scientific, Tech Svcs<\/td><td class=\"column-3\">7%<\/td><td class=\"column-4\">6%<\/td>\n<\/tr>\n<tr class=\"row-9 odd\">\n\t<td class=\"column-1\">31-33<\/td><td class=\"column-2\">Manufacturing<\/td><td class=\"column-3\">6%<\/td><td class=\"column-4\">6%<\/td>\n<\/tr>\n<tr class=\"row-10 even\">\n\t<td class=\"column-1\">22<\/td><td class=\"column-2\">Utilities<\/td><td class=\"column-3\">7%<\/td><td class=\"column-4\">6%<\/td>\n<\/tr>\n<tr class=\"row-11 odd\">\n\t<td class=\"column-1\">81<\/td><td class=\"column-2\">Other Services (except Public Admin)<\/td><td class=\"column-3\">3%<\/td><td class=\"column-4\">4%<\/td>\n<\/tr>\n<tr class=\"row-12 even\">\n\t<td class=\"column-1\">PL<\/td><td class=\"column-2\">Personal Line<\/td><td class=\"column-3\">3%<\/td><td class=\"column-4\">4%<\/td>\n<\/tr>\n<tr class=\"row-13 odd\">\n\t<td class=\"column-1\">56<\/td><td class=\"column-2\">Waste Management<\/td><td class=\"column-3\">3%<\/td><td class=\"column-4\">3%<\/td>\n<\/tr>\n<tr class=\"row-14 even\">\n\t<td class=\"column-1\">72<\/td><td class=\"column-2\">Accommodation and Food Services<\/td><td class=\"column-3\">3%<\/td><td class=\"column-4\">3%<\/td>\n<\/tr>\n<tr class=\"row-15 odd\">\n\t<td class=\"column-1\">51<\/td><td class=\"column-2\">Information<\/td><td class=\"column-3\">3%<\/td><td class=\"column-4\">3%<\/td>\n<\/tr>\n<tr class=\"row-16 even\">\n\t<td class=\"column-1\">44-45<\/td><td class=\"column-2\">Retail Trade<\/td><td class=\"column-3\">3%<\/td><td class=\"column-4\">3%<\/td>\n<\/tr>\n<tr class=\"row-17 odd\">\n\t<td class=\"column-1\">42<\/td><td class=\"column-2\">Wholesale Trade<\/td><td class=\"column-3\">3%<\/td><td class=\"column-4\">2%<\/td>\n<\/tr>\n<tr class=\"row-18 even\">\n\t<td class=\"column-1\">92<\/td><td class=\"column-2\">Public Administration<\/td><td class=\"column-3\">2%<\/td><td class=\"column-4\">2%<\/td>\n<\/tr>\n<tr class=\"row-19 odd\">\n\t<td class=\"column-1\">71<\/td><td class=\"column-2\">Arts, Entertainment, and Recreation<\/td><td class=\"column-3\">2%<\/td><td class=\"column-4\">2%<\/td>\n<\/tr>\n<tr class=\"row-20 even\">\n\t<td class=\"column-1\">61<\/td><td class=\"column-2\">Educational Services<\/td><td class=\"column-3\">1%<\/td><td class=\"column-4\">1%<\/td>\n<\/tr>\n<tr class=\"row-21 odd\">\n\t<td class=\"column-1\">55<\/td><td class=\"column-2\">Management of Companies<\/td><td class=\"column-3\">2%<\/td><td class=\"column-4\">1%<\/td>\n<\/tr>\n<tr class=\"row-22 even\">\n\t<td class=\"column-1\">11<\/td><td class=\"column-2\">Agriculture, Forestry, Fishing, Hunting<\/td><td class=\"column-3\">1%<\/td><td class=\"column-4\">1%<\/td>\n<\/tr>\n<tr class=\"row-23 odd\">\n\t<td class=\"column-1\">21<\/td><td class=\"column-2\">Mining, Quarrying, Oil and Gas<\/td><td class=\"column-3\">0.2%<\/td><td class=\"column-4\">0.2%<\/td>\n<\/tr>\n<tr class=\"row-24 even\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\">100%<\/td><td class=\"column-4\">100%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-50 from cache -->[\/et_pb_code][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>LINES\/COVERAGES PERFORMANCE<\/h2>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<ul>\n<li>The charts below indicate some substantial movement in the top 21 lines, starting as far back as early 2022 with the decline in Commercial Auto. This year, Cyber Liability is at or near the top in all areas. Homeowners, Earthquake and Personal Lines have done well in the last year, but it will be interesting to see how the admitted departures from these markets affects Surplus Lines&#8211;will they grow or follow suit. Past behavior indicates growth.<\/li>\n<\/ul>\n<p>[\/et_pb_text][et_pb_text module_id=&#8221;premiumchange&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>PREMIUM % CHANGE FROM 1H2023 TO SAME PERIOD LAST YEAR<\/h2>\n<p>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<div class=\"visualizer-front-container\" id=\"chart_wrapper_visualizer-2600-123733346\"><style type=\"text\/css\" name=\"visualizer-custom-css\" id=\"customcss-visualizer-2600\">.locker,.locker-loader{position:absolute;top:0;left:0;width:100%;height:100%}.locker{z-index:1000;opacity:.8;background-color:#fff;-ms-filter:\"progid:DXImageTransform.Microsoft.Alpha(Opacity=80)\";filter:alpha(opacity=80)}.locker-loader{z-index:1001;background:url(https:\/\/www.slameeting.com\/bodjun2023\/wp-content\/plugins\/visualizer\/images\/ajax-loader.gif) no-repeat center center}.dt-button{display:none!important}.visualizer-front-container.visualizer-lazy-render{content-visibility: auto;}.google-visualization-controls-categoryfilter label.google-visualization-controls-label {vertical-align: middle;}.google-visualization-controls-categoryfilter li.goog-inline-block {margin: 0 0.2em;}.google-visualization-controls-categoryfilter li {padding: 0 0.2em;}.visualizer-front-container .dataTables_scrollHeadInner{margin: 0 auto;}.visualizer-editor-front-container{position:relative;width:auto;margin:5%;background:#fff}.visualizer-editor-front{overflow:hidden;width:100%;height:500px}.visualizer-editor-front-actions{padding-bottom:3px}.visualizer-editor-save,.visualizer-editor-cancel{margin:0 4px;padding:2px 15px}.visualizer-cw-error .visualizer-actions{display:none !important;} <\/style><div id=\"visualizer-2600-123733346\" class=\"visualizer-front  visualizer-front-2600\"><\/div><!-- Not showing structured data for chart 2600 because title is empty --><\/div>[\/et_pb_code][et_pb_text module_id=&#8221;avgprem&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>AVG PREM % CHANGE FROM 1H23 TO SAME PERIOD LAST YEAR<\/h2>\n<p>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<div class=\"visualizer-front-container\" id=\"chart_wrapper_visualizer-2655-1920991338\"><style type=\"text\/css\" name=\"visualizer-custom-css\" id=\"customcss-visualizer-2655\">.locker,.locker-loader{position:absolute;top:0;left:0;width:100%;height:100%}.locker{z-index:1000;opacity:.8;background-color:#fff;-ms-filter:\"progid:DXImageTransform.Microsoft.Alpha(Opacity=80)\";filter:alpha(opacity=80)}.locker-loader{z-index:1001;background:url(https:\/\/www.slameeting.com\/bodjun2023\/wp-content\/plugins\/visualizer\/images\/ajax-loader.gif) no-repeat center center}.dt-button{display:none!important}.visualizer-front-container.visualizer-lazy-render{content-visibility: auto;}.google-visualization-controls-categoryfilter label.google-visualization-controls-label {vertical-align: middle;}.google-visualization-controls-categoryfilter li.goog-inline-block {margin: 0 0.2em;}.google-visualization-controls-categoryfilter li {padding: 0 0.2em;}.visualizer-front-container .dataTables_scrollHeadInner{margin: 0 auto;}.visualizer-editor-front-container{position:relative;width:auto;margin:5%;background:#fff}.visualizer-editor-front{overflow:hidden;width:100%;height:500px}.visualizer-editor-front-actions{padding-bottom:3px}.visualizer-editor-save,.visualizer-editor-cancel{margin:0 4px;padding:2px 15px}.visualizer-cw-error .visualizer-actions{display:none !important;} <\/style><div id=\"visualizer-2655-1920991338\" class=\"visualizer-front  visualizer-front-2655\"><\/div><!-- Not showing structured data for chart 2655 because title is empty --><\/div>[\/et_pb_code][et_pb_text module_id=&#8221;premiummarketshare&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>Premium Market Share<\/h2>\n<p>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]\n<table id=\"tablepress-51\" class=\"tablepress tablepress-id-51\">\n<tbody class=\"row-hover\">\n<tr class=\"row-1 odd\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td colspan=\"2\" class=\"column-3\">Premium Market Share<\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<tr class=\"row-2 even\">\n\t<td class=\"column-1\">COVERAGE CODE<\/td><td class=\"column-2\">COVERAGE CODE DESC<\/td><td class=\"column-3\">2022<\/td><td class=\"column-4\">2023<\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<tr class=\"row-3 odd\">\n\t<td class=\"column-1\">5010<\/td><td class=\"column-2\">Excess Liability (Incl. Umbrella)<\/td><td class=\"column-3\">11%<\/td><td class=\"column-4\">16%<\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<tr class=\"row-4 even\">\n\t<td class=\"column-1\">5000<\/td><td class=\"column-2\">General Liability<\/td><td class=\"column-3\">12%<\/td><td class=\"column-4\">13%<\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<tr class=\"row-5 odd\">\n\t<td class=\"column-1\">2001<\/td><td class=\"column-2\">Commercial Property All Risk<\/td><td class=\"column-3\">10%<\/td><td class=\"column-4\">10%<\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<tr class=\"row-6 even\">\n\t<td class=\"column-1\">2002<\/td><td class=\"column-2\">Special Multi-Peril Package<\/td><td class=\"column-3\">7%<\/td><td class=\"column-4\">7%<\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<tr class=\"row-7 odd\">\n\t<td class=\"column-1\">5011<\/td><td class=\"column-2\">Excess Liability With Non-Admitted<\/td><td class=\"column-3\">5%<\/td><td class=\"column-4\">6%<\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<tr class=\"row-8 even\">\n\t<td class=\"column-1\">6000<\/td><td class=\"column-2\">Errors and Omissions<\/td><td class=\"column-3\">6%<\/td><td class=\"column-4\">6%<\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<tr class=\"row-9 odd\">\n\t<td class=\"column-1\">6210<\/td><td class=\"column-2\">Cyber Multi-Peril<\/td><td class=\"column-3\">4%<\/td><td class=\"column-4\">4%<\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<tr class=\"row-10 even\">\n\t<td class=\"column-1\">2120<\/td><td class=\"column-2\">Commercial DIC\/Stand Alone Earthquake >$10m<\/td><td class=\"column-3\">4%<\/td><td class=\"column-4\">4%<\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<tr class=\"row-11 odd\">\n\t<td class=\"column-1\">8000<\/td><td class=\"column-2\">Auto Liability Commercial<\/td><td class=\"column-3\">4%<\/td><td class=\"column-4\">4%<\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<tr class=\"row-12 even\">\n\t<td class=\"column-1\">6010<\/td><td class=\"column-2\">Directors and Officers<\/td><td class=\"column-3\">5%<\/td><td class=\"column-4\">3%<\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<tr class=\"row-13 odd\">\n\t<td class=\"column-1\">6300<\/td><td class=\"column-2\">Medical Malpractice<\/td><td class=\"column-3\">3%<\/td><td class=\"column-4\">3%<\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<tr class=\"row-14 even\">\n\t<td class=\"column-1\">2110<\/td><td class=\"column-2\">Difference in Conditions with limits >$10M Commercial<\/td><td class=\"column-3\">2%<\/td><td class=\"column-4\">3%<\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<tr class=\"row-15 odd\">\n\t<td class=\"column-1\">6020<\/td><td class=\"column-2\">Employment Practice Liability<\/td><td class=\"column-3\">2%<\/td><td class=\"column-4\">2%<\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<tr class=\"row-16 even\">\n\t<td class=\"column-1\">5410<\/td><td class=\"column-2\">Environmental Liability<\/td><td class=\"column-3\">2%<\/td><td class=\"column-4\">2%<\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<tr class=\"row-17 odd\">\n\t<td class=\"column-1\">6200<\/td><td class=\"column-2\">Cyber Liability<\/td><td class=\"column-3\">1%<\/td><td class=\"column-4\">2%<\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<tr class=\"row-18 even\">\n\t<td class=\"column-1\">2610<\/td><td class=\"column-2\">Homeowners - Basic Form<\/td><td class=\"column-3\">2%<\/td><td class=\"column-4\">2%<\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<tr class=\"row-19 odd\">\n\t<td class=\"column-1\">8020<\/td><td class=\"column-2\">Combined Auto Liability Commercial<\/td><td class=\"column-3\">2%<\/td><td class=\"column-4\">2%<\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<tr class=\"row-20 even\">\n\t<td class=\"column-1\">2100<\/td><td class=\"column-2\">Stand Alone Earthquake with limits <$10M Commercial<\/td><td class=\"column-3\">1%<\/td><td class=\"column-4\">1%<\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<tr class=\"row-21 odd\">\n\t<td class=\"column-1\">2611<\/td><td class=\"column-2\">Homeowners Multi-Peril<\/td><td class=\"column-3\">1%<\/td><td class=\"column-4\">1%<\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<tr class=\"row-22 even\">\n\t<td class=\"column-1\">4000<\/td><td class=\"column-2\">Inland Marine<\/td><td class=\"column-3\">2%<\/td><td class=\"column-4\">1%<\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<tr class=\"row-23 odd\">\n\t<td class=\"column-1\">8010<\/td><td class=\"column-2\">Auto Physical Damage Commercial<\/td><td class=\"column-3\">1%<\/td><td class=\"column-4\">1%<\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<tr class=\"row-24 even\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\">87%<\/td><td class=\"column-4\">93%<\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-51 from cache -->[\/et_pb_code][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market AnalyticsTable of Contents Q1-Q2 Performance &#8211; FY&#8217; 2023 vs 2022 (Dec &#8211; May) Q1-Q2 Performance &#8211; FY&#8217; 2023 vs 2H2022 (Prior 6 MO&#8217;s) Monthly Premium Forecasted Through 2024 Average Premium Per Transaction-Monthly W\/2024 Forecast Market Forecast\/Revenue Predictions Industries Of The Insureds-Surplus Lines Performance Premium % Change From 1H2023 To Same Period Last Year Avg [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"<!-- wp:spacer {\"height\":\"20px\"} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<!-- \/wp:spacer -->\n\n<!-- wp:heading {\"level\":1} -->\n<h1 id=\"0-data-analysis-report-may-2021\">Revenue Forecast<\/h1>\n<!-- \/wp:heading -->\n\n<!-- wp:ub\/tabbed-content-block {\"blockID\":\"702e8340-be21-40a4-9459-8c3cfab75b6e\",\"activeControl\":\"tab-title-0\",\"theme\":\"#1f5a9a\",\"titleColor\":\"#ffffff\",\"tabsTitle\":[\"\u23f5FORECAST\"],\"tabsTitleAlignment\":[\"left\"],\"tabsAnchor\":[],\"tabVertical\":true} -->\n<!-- wp:ub\/tab-block {\"parentID\":\"702e8340-be21-40a4-9459-8c3cfab75b6e\"} -->\n<!-- wp:heading -->\n<h2>2022 Revenue Prediction<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>Summary:<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Based on actual premium received through September, the data models imply that we will collect $41M in registered stamping fees by the end of Fiscal Year 2022, based on a submitted premium of $16.4B. This is a result of a 23% increase in received premium from 2021 to 2022. We expect transaction counts to come in at around 920,000 (11% increase). After the discussion on 2022 results, we\u2019ll review some market performance analytics based on our NAICS codes (\u201cindustry of the insureds\u201d) and coverages.<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true,\"type\":\"1\"} -->\n<ol type=\"1\" id=\"Exhibit-A-1\"><li><strong>Last Year\u2019s Results and Predictions<\/strong><ol><li>SLA Stamping Committee\/Board Predictions for 2022 from the 2021 Stamping Meeting:<ol><li>In the 2021 Stamping Committee Meeting, we predicted 2022 premium to be $15.1B or 14% growth and stamping fees to be $38M.<\/li><li>Transactions were expected to grow 5% to 860,000.<\/li><\/ol><\/li><\/ol><\/li><li><strong>This Year\u2019s Predictions (Remainder of 2022)<\/strong><ol><li>Results of multiple forecasting models:<ol><li>In comparing the first three quarters of this year to last year, we are currently up 20% in premium and 10% in transactions. We expect a strong Q4 to push those numbers up some. [<a href=\"#Exhibit-A-1\">Exhibit A-1<\/a>]<\/li><li>Using the 2022 actual monthly premium numbers from Q1-Q3, I was able to forecast the remaining two months of Fiscal Year 2022 for premium using several models with a high degree of fit.<\/li><li>As shown in the second table with monthly numbers, we are on track to bring in over $3.6M per month for the remaining two months of this fiscal year, bringing us to approximately $41M by the end of 2022.&nbsp; This represents a 23% increase over 2021 in stamping fees.&nbsp; It is worth noting that 8-9% of this growth was possibly due to inflation. [<a href=\"#Exhibits-A-2\">Exhibit A-2<\/a>]<\/li><\/ol><\/li><\/ol><\/li><li><strong>Market Performance for Q1-Q3 2022 over 2021<\/strong><ol><li><a href=\"#Exhibit-A-3\">Exhibit A-3 <\/a>shows 2022 market performance based on our NAICS codes (\u201cIndustry of the Insureds\u201d) for total premium and average premium per policy.<\/li><li><a href=\"#Exhibit-A-4\">Exhibit A-4<\/a> shows 2022 market performance based on coverage codes for total premium and average premium per policy.<\/li><\/ol><\/li><\/ol>\n<!-- \/wp:list -->\n\n<!-- wp:spacer {\"height\":\"20px\"} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<!-- \/wp:spacer -->\n\n<!-- wp:heading -->\n<h2>Exhibits<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:heading {\"level\":6} -->\n<h6><strong>A-1 \u2013 Q1-Q3 PERFORMANCE AGAINST 2021<\/strong><\/h6>\n<!-- \/wp:heading -->\n\n<!-- wp:shortcode -->\n[table id=22 \/]\n<!-- \/wp:shortcode -->\n\n<!-- wp:heading {\"level\":6} -->\n<h6><strong>A-2 \u2013 FISCAL YEAR 2022 FINAL FORECAST<\/strong><\/h6>\n<!-- \/wp:heading -->\n\n<!-- wp:shortcode -->\n[table id=23 \/]\n<!-- \/wp:shortcode -->\n\n<!-- wp:spacer {\"height\":\"2px\"} -->\n<div style=\"height:2px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<!-- \/wp:spacer -->\n\n<!-- wp:shortcode -->\n[table id=24 \/]\n<!-- \/wp:shortcode -->\n\n<!-- wp:spacer {\"height\":\"18px\"} -->\n<div style=\"height:18px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<!-- \/wp:spacer -->\n\n<!-- wp:shortcode -->\n[visualizer id=\"1352\" lazy=\"no\" class=\"\"]\n<!-- \/wp:shortcode -->\n\n<!-- wp:spacer {\"height\":\"12px\"} -->\n<div style=\"height:12px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<!-- \/wp:spacer -->\n\n<!-- wp:shortcode -->\n[visualizer id=\"1389\" lazy=\"no\" class=\"\"]\n<!-- \/wp:shortcode -->\n\n<!-- wp:heading {\"level\":6} -->\n<h6><strong>A-3: Q1-Q3 2022 MARKET PERFORMANCE BY INSUREDS\u2019 NAICS CODES<\/strong><\/h6>\n<!-- \/wp:heading -->\n\n<!-- wp:shortcode -->\n[visualizer id=\"1416\" lazy=\"no\" class=\"\"]\n<!-- \/wp:shortcode -->\n\n<!-- wp:spacer {\"height\":\"37px\"} -->\n<div style=\"height:37px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<!-- \/wp:spacer -->\n\n<!-- wp:shortcode -->\n[visualizer id=\"1435\" lazy=\"no\" class=\"\"]\n<!-- \/wp:shortcode -->\n\n<!-- wp:spacer {\"height\":\"30px\"} -->\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<!-- \/wp:spacer -->\n\n<!-- wp:heading {\"level\":6} -->\n<h6><strong>A-4: Q1-Q3 2022 MARKET PERFORMANCE BY COVERAGE<\/strong><\/h6>\n<!-- \/wp:heading -->\n\n<!-- wp:shortcode -->\n[visualizer id=\"1402\" lazy=\"no\" class=\"\"]\n<!-- \/wp:shortcode -->\n\n<!-- wp:spacer {\"height\":\"40px\"} -->\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<!-- \/wp:spacer -->\n\n<!-- wp:shortcode -->\n[visualizer id=\"1778\" lazy=\"no\" class=\"\"]\n<!-- \/wp:shortcode -->\n<!-- \/wp:ub\/tab-block -->\n<!-- \/wp:ub\/tabbed-content-block -->\n\n<!-- wp:paragraph -->\n<p><\/p>\n<!-- \/wp:paragraph -->","_et_gb_content_width":"","footnotes":""},"folder":[],"class_list":["post-1305","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.slameeting.com\/bodjun2023\/wp-json\/wp\/v2\/pages\/1305"}],"collection":[{"href":"https:\/\/www.slameeting.com\/bodjun2023\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.slameeting.com\/bodjun2023\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.slameeting.com\/bodjun2023\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.slameeting.com\/bodjun2023\/wp-json\/wp\/v2\/comments?post=1305"}],"version-history":[{"count":153,"href":"https:\/\/www.slameeting.com\/bodjun2023\/wp-json\/wp\/v2\/pages\/1305\/revisions"}],"predecessor-version":[{"id":2805,"href":"https:\/\/www.slameeting.com\/bodjun2023\/wp-json\/wp\/v2\/pages\/1305\/revisions\/2805"}],"wp:attachment":[{"href":"https:\/\/www.slameeting.com\/bodjun2023\/wp-json\/wp\/v2\/media?parent=1305"}],"wp:term":[{"taxonomy":"folder","embeddable":true,"href":"https:\/\/www.slameeting.com\/bodjun2023\/wp-json\/wp\/v2\/folder?post=1305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}