The fire and allied lines industry achieved its lowest net combined ratio since 2007 in 2024, outperforming the broader property/casualty market for the third consecutive year. Serving as the largest share of commercial property premiums, these lines show a shifting market structure where excess and surplus and residual markets are increasingly absorbing high-risk properties previously held by standard policies. The line’s performance is increasingly shaped by allied lines perils like severe convective storms and hurricanes, yet the overall market remains healthy, unconcentrated, and highly competitive nationwide.
(As of April 23, 2026)
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