American Integrity Insurance Group, Inc.

American Integrity Insurance Group, Inc. is a Tampa-based insurance holding company built around its Florida-domiciled carrier, American Integrity Insurance Company (AIIC). The group writes personal residential property insurance for single-family homeowners, condominium owners, vacant dwellings and investment properties, with a heavy concentration in Florida and smaller positions in Georgia, North Carolina and South Carolina. Its operating model separates underwriting, claims, brokerage and reinsurance analytics across subsidiaries, while AIIC holds the statutory capital and policy liabilities. The company also uses partnerships with independent agents, homebuilder-affiliated agents, national carriers and direct channels to distribute policies in the voluntary market. In 2025 it completed an IPO, adding capital flexibility to support growth, reinsurance protection and expansion into adjacent residential commercial lines.

36,0 %

+35,3 %

— American Integrity Insurance Group, Inc.
%
Personal residential property insurance85% Core admitted homeowners, condo, vacant dwelling and investment property policies written primarily in Florida.
Commercial residential property insurance5% Newly launched coverage for condominium associations, townhome associations and homeowners associations.
Endorsements and supplemental coverages5% Optional policy enhancements such as personal injury, animal liability, identity recovery and golf cart coverage.
Fee-based ancillary products3% Marketing fees from flood insurance and home systems/equipment breakdown products placed with partners.
Distribution and underwriting services2% Managing general agency, claims handling, brokerage and reinsurance analytics performed for the insurance carrier.

The company primarily serves homeowners and condominium owners in Florida who need admitted residential property...

  • Florida homeownersprimary

    Buy HO-3 style residential property coverage because the company specializes in Florida underwriting and admitted-market placement.

  • Condominium ownersprimary

    Buy condo coverage tailored to Florida condominium risks and distribution through agents familiar with the market.

  • Vacant dwelling and investment property ownerssecondary

    Buy specialized residential property policies for non-owner-occupied or unoccupied homes that need distinct underwriting.

  • Associations and commercial residential customersemerging

    Buy the new commercial residential product for condominium, townhome and homeowners associations.

  • Distribution partnersprimary

    Independent agents, national brokers and carrier partners place business on the company’s paper because it offers Florida capacity and underwriting support.

The business is overwhelmingly concentrated in Florida, which represented over 96% of direct premiums written and 93...

  • •Florida is the core market and the dominant source of premiums and policies
  • •Georgia, North Carolina and South Carolina are smaller expansion markets
  • •Voluntary-market premium is still concentrated in Florida despite expansion
  • •Hurricane and tropical storm exposure makes geography a key loss driver
  • •Selective Southeast expansion supports builder-agency relationships
  • •Geographic concentration increases dependence on Florida rate adequacy and regulation

The company’s strategy is to deepen its niche in Florida residential property insurance while maintaining underwriting...

01
Protect underwriting profitability in Floridashort-term

The company’s franchise depends on pricing catastrophe-exposed residential risks accurately and avoiding unprofitable growth.

02
Expand distribution partnershipsmedium-term

Independent agents, carrier partners and national agencies are the main route to new business and retention.

03
Broaden product set into adjacent residential linesmedium-term

Commercial residential and supplemental products can deepen relationships and create growth without abandoning core underwriting expertise.

04
Maintain capital and reinsurance resilienceshort-term

Catastrophe losses and regulatory capital requirements make balance-sheet protection central to the business model.

The company is exposed to severe catastrophe risk because most of its book is concentrated in Florida, where hurricanes...

critical

Catastrophe exposure in Florida

Most premiums and policies are concentrated in a hurricane-prone state, creating correlated loss risk.

Scope
Core book and earnings volatility
Materiality
high
high

Pricing and reserving error

Underwriting profitability depends on actuarial assumptions, loss trends and repair-cost inflation being accurate.

Scope
Loss ratio and reserve adequacy
Materiality
high
high

Distribution partner dependence

The company relies on independent agents and carrier partners that can move business to competing insurers.

Scope
New business flow and retention
Materiality
high
high

Regulatory rate constraints

State regulators can restrict rate increases or require participation in market mechanisms that compress margins.

Scope
Pricing flexibility and profitability
Materiality
high
medium

IT and cyber disruption

Underwriting, policy administration and claims processing depend on uninterrupted systems and data.

Scope
Operations and customer service
Materiality
medium
Unpaid losses and loss adjustment expense reserves
Reserve strengthening or releases can swing earnings
Premium earning and reinsurance accounting
Quarterly revenue and loss ratio comparability
Seasonal catastrophe timing
Large quarter-to-quarter earnings volatility
Investment income and realized gains/losses
Can offset or amplify underwriting results

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: 11/08/2026