Article

In 2024, US surety bond writers achieved underwriting profits exceeding $2 billion for the third consecutive year, fueled by increased public construction spending from the Infrastructure Investment and Jobs Act. Direct premiums rose nearly 10% in the first nine months of 2025, while the industry’s loss ratio improved significantly. Despite anticipated declines in IIJA funding after September 2026, growth opportunities in renewables and data centers are emerging, although the surety segment's low premium volume limits its overall impact on the property/casualty industry.