Citizens had 1.331 million policies as of Friday, up from about 1.325 million a week earlier, according to data posted on its website.
Citizens, which was created as an insurer of last resort, has faced explosive growth during the past three years as private insurers have dropped customers and raised rates because of financial problems.
After reaching 1.412 million policies this month, the total dropped to 1.325 million amid what is known as a “depopulation” program aimed at shifting customers into the private market.
Five private insurers assumed 99,773 Citizens policies in mid-October as part of that program.
Regulators also have approved a series of proposals by private insurers to take out additional policies in November and December.
As illustrations of Citizens’ growth, it had 521,289 policies on Oct. 31, 2020; 725,942 policies on Oct. 31, 2021; and 1,111,283 policies on Oct. 31, 2022.
This article appears in Oct 26 – Nov 1, 2023.