This Quarter Report analyzes data from the first quarter of 2022.

Insurance premium finance remains a great asset class for banks and independent operators. Market tailwinds are generating significant growth in assets and earnings. Incumbents are growing organically with the hard P&C market and are actively seeking acquisitions. Consolidation over the past two decades has significantly reduced the inventory of properties available, which creates a favorable dynamic for sellers.

On an aggregate basis, this group reported a 2.1% quarterly increase in outstanding and a strong 23.2% year-over-year uptick.