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AII

American Integrity Insurance Group, Inc.

AII

American Integrity Insurance Group, Inc. • NYSE
$21.14 ▲ 0.71% (+0.15)
Market Cap $413.85 M
52w High $26.36
52w Low $15.78
Dividend Yield 0%
P/E 4.89
Volume 97.22K
Outstanding Shares 19.58M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $62.026M ▼ $7.347M ▼ $13.163M ▼ 21.222% ▼ $0.67 ▼ $19.171M ▼
Q2-2025 $74.499M ▲ $22.932M ▲ $27.494M ▼ 36.905% ▼ $1.62 ▼ $24.747M ▼
Q1-2025 $71.886M ▲ $5.008M ▼ $38.096M ▲ 52.995% ▲ $1.95 ▲ $43.406M ▲
Q1-2024 $44.308M $5.282M $12.106M 27.322% $0.62 $13.995M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $144.784M ▼ $1.434B ▼ $1.118B ▼ $315.88M ▲
Q2-2025 $259.609M ▼ $1.591B ▲ $1.29B ▲ $301.874M ▲
Q1-2025 $442.648M $1.135B $948.69M $186.058M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $13.163M ▼ $-7.478M ▼ $-84.919M ▼ $-102K ▼ $-92.499M ▼ $-11.935M ▼
Q2-2025 $27.494M ▼ $27.396M ▼ $-68.212M ▼ $76.917M ▲ $36.101M ▼ $26.925M ▼
Q1-2025 $38.096M ▲ $68.085M ▲ $8.343M ▲ $-14.978M ▼ $61.45M ▲ $67.977M ▲
Q1-2024 $12.106M $-20.151M $-4.564M $-4.125M $-28.84M $-20.746M

Five-Year Company Overview

Income Statement

Income Statement American Integrity’s income statement shows a business that is small but already consistently profitable. Revenue has been steady over the last two years, with operating profit and net profit both inching higher, which suggests reasonably disciplined pricing and cost control. Profit levels look healthy relative to the size of the business, especially for a property insurer in a difficult market like Florida. The gradual improvement in earnings per share indicates that growth is being converted into value for existing shareholders, not just top-line expansion. The main watchpoint is that growth in revenue itself has been limited so far; the story is more about stability and discipline than rapid scale at this stage.

Balance Sheet

Balance Sheet The balance sheet looks conservative and strengthening. Total assets have grown meaningfully, and cash on hand has increased, giving the company more financial flexibility and a thicker cushion for adverse events. Debt is minimal, which lowers financial risk and interest burden, an important advantage for an insurer operating in a catastrophe-prone region. Equity has been building, which signals that profits are largely being retained and used to reinforce the company’s capital base. Overall, the financial structure appears solid and prudently managed, but future large storms will be a real test of this strength.

Cash Flow

Cash Flow Cash flow trends are a clear positive. Operating cash flow is solidly positive and has improved, which means the company is turning its underwriting and operations into real cash rather than just accounting profits. Free cash flow tracks operating cash flow closely because capital spending is very light, consistent with an asset-light, technology-enabled insurance model. This gives management room to invest in growth, fortify reserves, or pursue strategic initiatives without leaning on debt. For an insurer in a volatile market, the combination of positive and strengthening cash generation with low capital needs is a notable strength, though it remains exposed to the timing and severity of catastrophe losses.

Competitive Edge

Competitive Edge American Integrity has carved out a focused niche in the challenging Florida homeowners market, where many national carriers have pulled back. Its edge rests on deep local expertise, disciplined underwriting, and strong reinsurance arrangements, which together aim to balance growth with survivability during severe storm seasons. Participation in the depopulation of Florida’s state-backed insurer has helped it grow its policy base in a controlled way, supported by recent legal reforms that may reduce litigation costs. A strong independent financial strength rating supports its credibility with agents and policyholders. The main strategic risks are its heavy concentration in Florida weather risk and dependence on a favorable regulatory and reinsurance environment as it expands across the Southeast.

Innovation and R&D

Innovation and R&D While not a pure technology company, American Integrity is clearly leaning on innovation to punch above its weight. It operates on a modern, cloud-based insurance platform designed to handle surges in claims during major storms, which can be a key differentiator in Florida. Partnerships with AI and data-focused firms like Cape Analytics and Hi Marley show a deliberate shift toward data-driven underwriting and more convenient, digital claims handling. The company is also investing in a better online experience for both customers and agents, consolidating portals and enabling self-service. Future value from these efforts will depend on execution: integrating these tools into underwriting discipline, controlling costs, and using data to avoid taking on poorly priced risks.

Summary

Overall, American Integrity looks like a disciplined, niche insurer with strengthening financial foundations and a clear strategy tailored to one of the toughest property insurance markets in the country. Its financials point to steady profits, growing capital, and healthy cash generation, all supported by a conservative balance sheet with little leverage. Competitively, it leans on deep Florida experience, targeted product design, and strong reinsurance, while using technology to improve efficiency and customer experience rather than chasing flashy innovation for its own sake. The big opportunities lie in expanding across the Southeast and into specialized and commercial residential products, if it can replicate its underwriting discipline outside its core footprint. The big uncertainties remain concentrated catastrophe risk and regulatory shifts in Florida; how the company navigates a cycle of major storms and evolving laws will be crucial to its longer-term performance.

NEWS

November 19, 2025 · 6:18 PM UTC

American Integrity Announces Pricing of Secondary Offering of Common Stock

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November 17, 2025 · 4:05 PM UTC

American Integrity Announces Secondary Offering of Common Stock

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November 13, 2025 · 4:15 PM UTC

American Integrity Insurance Group Accelerates Market Leadership With Assumption of More Than 7,000 Citizens Policies in November — Reinforcing Growth, Customer Retention Strength, and Florida Market Stability

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November 11, 2025 · 4:15 PM UTC

American Integrity Insurance Group, Inc. Reports Third Quarter 2025 Results

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October 28, 2025 · 4:15 PM UTC

American Integrity Insurance Group, Inc. Announces Third Quarter 2025 Earnings Release Date and Conference Call

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