American Integrity Insurance Group

Overview and structure

American Integrity Insurance Group (AIIG) is a holding company that wholly owns American Integrity Insurance Company (AIIC), its Florida-domiciled admitted insurance carrier, and four service subsidiaries: American Integrity MGA (AIMGA), American Integrity Claims Services (AICS), Pinnacle Analytics (Pinnacle), and PIC (Pinnacle Insurance Consultants).
Core underwriting, risk selection, pricing, distribution, and claims functions are primarily performed by AIIC’s affiliates, while AIIC holds the insurance licenses and policy reserves.

AIIC writes personal residential property insurance for single-family homeowners, condominium owners, vacant dwellings, investment properties, and manufactured homes.
The company is focused primarily in Florida: as of 12/31/2025, Florida represented 93.7% of policies in-force and 96.5% of in-force premium.
AIIG positions itself as a specialty residential property insurer in Florida and is extending its products and capabilities into other Southeastern coastal states, with a homeowners product expansion announced for North Carolina in January 2026.
In addition to the Florida Voluntary Market, the company selectively depopulates policies from Citizens, Florida’s insurer of last resort, when underwriting criteria are met. As of 12/31/2025, 77.5% of in-force policies were Voluntary Market and 22.5% were Citizens take-outs (representing 30.9% of in-force premiums).

Primary products include homeowners policies (HO-3, HO-5, HO-6, HO-4) covering homeowners, condo/co-op owners, vacant dwellings, and manufactured homes.
Available endorsements and supplemental products include higher coverage options, personal injury, identity recovery, golf cart coverage, flood insurance via partners, and home systems and equipment breakdown coverage through Hartford Steam Boiler.
In October 2025 the company launched a commercial residential property program and began issuing commercial residential policies in Florida; 149 commercial wind policies were issued in November 2025 and commercial policies began in December 2025.

Multichannel distribution in the Voluntary Market:
- Independent agents (largest channel)
- National and regional insurance carriers (partner programs)
- Homebuilder-affiliated agents
- National agencies, including mortgage-related brokers and InsurTech partners
As of 12/31/2025:
- Total policies in-force: 421,866
- In-force premiums in Florida: $915.5 million (net in-force premium $915.5 million; total TIV in Florida $214.8 million)
- Total in-force premium: $948.6 million
In-force premium by Voluntary Market channel (12/31/2025):
- Independent Agents: $479.4 million (≈50.5% of Voluntary in-force premium)
- Homebuilder-affiliated agents: $87.5 million
- Insurance companies (partner programs): $52.0 million
- National agencies: $36.7 million
- Non-independent agents: $176.2 million
Citizens depopulations represented 22.5% of policies in-force and 30.9% of in-force premiums as of 12/31/2025.

Gross premiums written (GPW): $944.6 million
Net premiums written (NNW): $270.9 million
Net income: $99.6 million
Adjusted net income (non-GAAP): $105.2 million
Total shareholders’ equity: $337.0 million
Debt-to-equity ratio: less than 1%
Voluntary Market in-force premium: $655.6 million (≈69.1% of total in-force premium)
Citizens in-force premium: $293.0 million
Policies in-force: 421,866
Employees: 313 full-time employees
Management ownership: 15.8% of common stock as of 12/31/2025
Since inception in 2006 through the May 2025 IPO, the company grew book value and equity using retained earnings, with equity rising from $206.7 million at the IPO to $337.0 million by 12/31/2025 while maintaining debt-to-equity below 1%.

Reinsurance program includes catastrophe excess of loss (XOL), quota share, per-risk excess of loss, and facultative reinsurance.
Program design protects against multiple hurricanes and large events and includes participation in the Florida Hurricane Catastrophe Fund (FHCF).
Named-storm inuring layers were converted to all-perils coverage in the 2025–2026 program.
The company uses an offshore segregated cell captive reinsurer to optimize capital and cost (initial funding around $1.6 million in 2023; funded by profits and ceded premiums in 2025).
Issued multi-tranche catastrophe bonds: March 2024 ($305 million) and February 2025 ($565 million).
For the 2025–2026 catastrophe reinsurance year, net retention is $35 million per single event (including $25 million retained via the segregated cell captive).

In-house claims handling for non-catastrophe claims in Florida; catastrophe claims supported by national adjusters under company supervision.
Internal actuarial, catastrophe modeling, and a data-driven underwriting platform support pricing and risk selection.
Core systems include Guidewire InsuranceNow, fully integrated for underwriting, policy administration, and claims.

AIIC is regulated by the Florida Department of Financial Services and by regulators in other states where licensed.
Risk-based capital (RBC), capital adequacy, and Own Risk and Solvency Assessment (ORSA) requirements are part of the regulatory framework the company manages.
The company reports a strong balance sheet and a conservative investment approach: average fixed-income portfolio credit rating around AA- and portfolio duration of approximately 2.09 years.

Grow new business in Florida by capitalizing on regulatory reforms and litigation stabilization, including underwriting older properties and counties previously limited.
Expand presence in the Tri-County Florida region (Miami-Dade, Broward, Palm Beach) and broaden underwriting across additional property classes.
Extend footprint beyond Florida into South Carolina, North Carolina, and Georgia, with North Carolina expansion announced January 2026.
Deepen distribution relationships with independent agents, homebuilder-affiliated agents, and national carriers to increase Voluntary Market writings.
Maintain disciplined underwriting, conservative reinsurance placement, and data-driven pricing to sustain profitability across insurance cycles.