The NEW Q2 2026 Minnesota Property-Casualty Insurance Marketplace Report is now available. This exclusive member benefit provides a timely, data-driven snapshot of Minnesota's P&C insurance marketplace from the independent agent perspective, helping agencies stay ahead of emerging trends and market shifts.
Key Insights Included
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- Minnesota Direct Premium Written (DPW) growth slowed in Q2-2026, but Minnesota slowed less than the U.S. as a whole with Q2-to-Q2 averaging +1.8% vs +2.0% countrywide. In Q1 those figures were +3.7% for Minnesota and +3.0% countrywide and those change rates are in contrast to 2023 and 2024 where quarter-to-quarter premium changes often exceeded 10% in Minnesota and countrywide.
- Minnesota Surplus Lines premiums actually contracted in Q2 by –5% vs. a more moderated countrywide slowing at a still positive premium change of +2%.
- In contrast to Surplus Lines, Homeowners premiums look to have continued its faster than average growth with a Q2-to-Q2 premium growth estimated at +10%, based on an estimate using national and Minnesota Homeowners data.
- The fastest growing policy-issuing insurer in Minnesota over the past 4-years is a well-known one for Minnesota industry veterans (and a formerly Minnesota-domiciled one), in St. Paul Mercury Insurance Company. Interestingly that growth in large part is due to its Commercial Auto writings as that is that insurer's largest premium Line of Business.
- Quarterly loss data point to a potentially favorable underwriting year in Minnesota. Second-quarter results appear modestly more favorable than recent experience, and when combined with first-quarter results, suggest the industry has begun 2026 on a positive footing. If current loss trends persist through year-end, 2026 could mark the industry's third consecutive favorable loss year in Minnesota, following the underwriting challenges experienced in 2022 and 2023.
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