American Integrity Insurance Group (AII) 47th Annual Raymond James Institutional Investor Conference summary

Company history and market position

• Two decades of growth from a $10 million investment to a $400 million valuation, with over $95 million in distributions and dividends.

• Built a unique sales network and strong agent relationships, focusing on voluntary business in Florida.

• Expanded selectively into neighboring states, but 97% of premiums remain in Florida.

Florida market dynamics and legislative reform

• Florida's property insurance market faced severe volatility due to litigation, leading to high rates and insolvencies.

• Major tort reform in December 2022 eliminated the one-way attorney fee statute and reduced claim reporting periods, stabilizing the market.

• Litigation frequency for hurricanes dropped from 13-15% to 2-3% post-reform.

• Political leadership is committed to maintaining these reforms, supporting ongoing market stability.

Growth strategy and business channels

• Growth initiatives focus on Tri-County (28% of Florida's population) and expanding into middle-aged homes.

• Business sourced through independent agents, new home builders (writing 3 of 10 new builds), and partnerships with national carriers.

• New home builder segment delivers a gross loss ratio below the company average of 17%.

• Consistently ranks as a leader in new policy sales and premiums among peers.