American Integrity Insurance Group (AII) Registration Filing summary

Company overview and business model

• Provides personal residential property insurance, primarily in Florida, with expansion into South Carolina and Georgia, and plans for North Carolina in late 2025.

• Operates a vertically integrated model, controlling underwriting, pricing, distribution, and claims management.

• Focuses on the Voluntary Market but selectively assumes policies from Citizens Property Insurance Corporation when profitable.

• Utilizes proprietary technology and data-driven underwriting for granular risk assessment and rapid response to market changes.

• Maintains strong relationships with independent agents, national carriers, and homebuilder-affiliated agents.

Financial performance and metrics

• Gross premiums written for 2024: $767.7 million; net premiums written: $194.4 million; net income: $39.7 million; adjusted net income: $39.6 million.

• For the nine months ended September 30, 2025: gross premiums written $738.2 million; net premiums written $74.2 million; net income $78.8 million; adjusted net income $83.4 million.

• Shareholders' equity grew to $315.9 million as of September 30, 2025, up from $162.4 million at December 31, 2024.

• Combined ratio improved to 80.9% in 2024 from 83.3% in 2023; annualized return on equity for the nine months ended September 30, 2025 was 43.9%.

• Maintains a conservative investment portfolio with a weighted average duration of 2.19 years and average credit rating of A+.

Use of proceeds and capital allocation

• No proceeds from this offering will go to the company; all proceeds go to selling stockholders.

• Capital allocation focuses on organic growth, maintaining strong capitalization, and potential future dividends or share repurchases based on profitability and regulatory considerations.

• Strong liquidity position with $541.3 million in cash and invested assets as of September 30, 2025.