Commercial Lines Market Overall Remains Firm, Says Ivans

Premium renewal rates increased year-over-year for all major commercial lines, except workers’ compensation, according to fourth quarter 2025 results of the Ivans Index.

“The commercial insurance market remains firm overall, though renewal trends suggest it is gradually moving off the peak conditions of recent years,” said Kathy Hrach, senior vice president of product management, Ivans.

The Chicago-based technology provider for insurance carriers, agents, and managing general agents said the average premium renewal rate compared to Q3 2025 was up in general liability, commercial property, and umbrella but down in commercial auto, business owners policy, and workers comp.

Highlights by line of business, according to the Ivans Index:

• Commercial Auto: Q4 2025 average premium renewal rate averaged 6.97%, a decrease compared to Q3 2025’s average premium renewal rate of 7.60%.
• BOP: Premium renewal rate change for BOP averaged 7.52% in Q4 2025, with a quarter high in December at 7.58%. The average premium renewal rate change for the quarter decreased from 7.55% in Q3 2025.
• General Liability: Q4 2025 premium renewal rate experienced a significant increase compared to Q3 2025, averaging 7.23% versus 5.89%.
• Commercial Property: Premium renewal rate averaged 8.01% in Q4 2025, with a quarter high in December at 8.34% and a low in October at 7.61%. The average premium renewal rate change for the quarter increased from 7.64% in Q3 2025.
• Umbrella: Average premium renewal rate change experienced a slight increase during Q4 2025 at 9.49% versus 8.99% in Q3 2025.
• Workers’ Compensation: Premium renewal rate change averaged -1.61%, down from Q3 2025 at -1.42%.

SOURCE: Ivans

Topics Commercial Lines Business Insurance