2025

ANNUAL
REPORT

All In on California’s
Surplus Lines Market

A Message from Our CEO

California’s surplus lines market is no longer operating at the margins. It has become central to how risk is placed, capital is deployed and coverage remains available in an increasingly complex environment. This annual report reflects that reality. It is not a recap of the year behind us, but an examination of what has changed, why it matters and where responsibility now sits.

Inside these pages, we share original analysis drawn from statewide policy data and firsthand market experience. Our goal is to help brokers, insurers, regulators and other market participants better understand the structural forces reshaping California’s surplus lines market—and what those forces signal for the future.

If this work is useful to you, I invite you to request a complimentary, high-quality bound edition of the report.

We see this as part of our responsibility as the organization overseeing California’s surplus lines marketplace: to place the year’s developments in context and reflect what they mean for the market as a whole.

Sincerely,

Benjamin J. McKay
CEO and Executive Director
The Surplus Line Association of California

2025 Annual Report Video Highlights

All In

In a year defined by pressure and rapid market change, the Surplus Line Association of California went ALL IN. From safeguarding access and affordability to modernizing systems, strengthening global partnerships and empowering the next generation, this video highlights how SLACAL and its staff supported the nation’s most complex regulated E&S market in 2025.

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2025 SLA Annual Report