The Woodlands Insurance Company (Twico) has filed to reduce its Texas homeowners insurance rates by an average of 7.2%.

The decrease would affect 20,443 policyholders and reduce written premium by approximately $4.7 million across a $65.2 million book. Individual policy changes would range from no change to a 10% decrease.

The filing is notable because the company’s actuarially indicated change is a 2.5% increase. The supporting information explaining its decision to pursue a decrease was designated confidential.

This would be the carrier’s second Texas homeowners rate cut in 2026, following a 12.7% decrease effective Jan. 1. Combined, the two changes represent a cumulative reduction of approximately 19%.

The new rates are expected to take effect Nov. 15, 2026, for new and renewal business. Perr&Knight submitted the filing on the insurer’s behalf.