American Integrity Insurance Group (AII) KBW Insurance Conference 2025 summary

Company overview and recent performance

• Nearly 20 years in operation, recently went public in May, and now manages over 400,000 customers, up more than 50% year over year.

• Voluntary writings increased 19%, with retention rates returning to the low 80s.

• Wrote nearly $500M in top line, $132M net, and delivered $69M adjusted income; combined ratio at 58.1% and annualized adjusted ROE at 61.6%.

• Now ranks as the third largest domestic carrier in Florida for voluntary policies written.

Growth strategy and market positioning

• Focused on expanding in the Tri County region (Miami-Dade, Broward, Palm Beach), which represents about a third of Florida's population.

• Reentering the middle-aged roof segment (10–12 years old) due to legal reforms, opening new business opportunities.

• Gradually reducing a 40% quota share to retain more economics from written business.

• Out-of-state expansion is slow and strategic, with primary focus remaining on Florida.

• Citizens takeouts are now a smaller, more selective part of growth as most opportunities have passed.

Competitive environment and regulatory context

• Florida's insurance market is seeing responsible new entrants, with regulatory oversight preventing irrational pricing.

• Competition is encouraged, with 8 million rooftops in Florida and a need for more responsible carriers.

• Legislative reforms and active engagement in Tallahassee were key to surviving the pre-reform crisis.