SureChoice Underwriters Reciprocal Exchange is introducing a rate update to its dwelling fire program in Texas, with an overall decrease despite a much steeper actuarial indication.
The filing calls for a –7.5% overall rate change across 38,089 policyholders, reducing written premium by about $6.9 million on a $92.6 million book. This compares to an indicated decrease of –19.7%, showing a partial pass-through of modeled improvements.
The update is effective April 21, 2026, for new business and July 16, 2026, for renewals.
The actuarial support points to a relatively stable loss profile. The projected loss ratio lands at 32.6%, driven by a mix of all other peril and wind or hail losses, with an added 9.9% hurricane load and 17.2% reinsurance cost. Expenses remain high, including a 30.6% variable expense load and a 4% profit provision.
The rate manual update also refreshes core pricing mechanics, including hurricane base rates by territory, coverage A relativities, and age of home factors, reinforcing a structure that leans heavily on catastrophe exposure and property characteristics.