American Integrity Insurance Group, Inc.
- Open
- 19.00
- Day high
- 19.56
- Day low
- 18.78
- Prev close
- 18.83
- Volume
- 22K
- Mkt cap
- $380M
- P/E (TTM)
- 4.4
- EPS (TTM)
- $4.38
- P/B
- 1.1
- P/S
- 1.3
- Yield
- 5.26%
- Per share
- $1.02
- ▲Insiders net buying $2.5M over the last 3 months (6 open-market buys, 0 sales)
- ◆Cluster buying — multiple insiders bought within days
- 🏛Institutions accumulating (13F)
American Integrity Insurance Group, Inc. (AII) is a Financial Services company listed on NYSE. The stock is up 2% over the past year. Over the trailing 3 months, insiders filed 6 open-market buys and 0 sales (SEC Form 4).
American Integrity Insurance Group, Inc. (AII) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
AII earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 13, 2026 | $0.98 | $1.03 | +4.6% | $220M | +2.5% |
| Feb 25, 2026 | $0.80 | $1.11 | +38.2% | $68M | +10.3% |
| Nov 11, 2025 | $0.61 | $0.71 | +16.4% | $62M | +0.5% |
| Aug 12, 2025 | $1.69 | $1.84 | +8.9% | $74M | +31.0% |
| Jun 9, 2025 | $1.92 | $1.95 | +1.6% | $72M | +5.7% |
AII insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 11, 2026 | SOWELL JAMES E10 percent owner | Buy | 23,231 | $16.92 |
| Jun 11, 2026 | SOWELL JAMES E10 percent owner | Buy | 33,628 | $16.91 |
| Jun 11, 2026 | SOWELL JAMES E10 percent owner | Buy | 79,497 | $16.85 |
| May 27, 2026 | Smathers Steven Edirector | Buy | 2,900 | $16.99 |
| May 27, 2026 | MATHIS STEVEN Bdirector | Buy | 3,000 | $16.82 |
| May 26, 2026 | Clark David Lewisdirector, officer: Chairman | Buy | 5,830 | $17.15 |
| May 11, 2026 | Ritchie Robert Cdirector, 10 percent owner, officer: Chief Executive Officer | Tax | 2,921 | $19.67 |
| May 11, 2026 | Ritchie Jon Pofficer: President | Tax | 1,538 | $19.67 |
| May 11, 2026 | Clark David Lewisdirector, officer: Chairman | Tax | 1,230 | $19.67 |
| Apr 8, 2026 | Foley Brianofficer: Chief Financial Officer | Grant | 4,262 | — |
| Apr 1, 2026 | Smathers Steven Edirector | Grant | 778 | — |
| Apr 1, 2026 | Csiszar Ernest Ndirector | Grant | 778 | — |
| Apr 1, 2026 | MATHIS STEVEN Bdirector | Grant | 778 | — |
| Mar 4, 2026 | Clark David Lewisdirector, officer: Chairman | Grant | 9,451 | — |
| Mar 4, 2026 | Ritchie Jon Pofficer: President | Grant | 11,814 | — |
Source: AII SEC Form 4 filings, latest Jun 11, 2026. For informational purposes only — not investment advice.
See the full AII insider & 13F page →American Integrity Insurance Group, Inc. company profile
Overview
American Integrity Insurance Group, Inc. (NASDAQ:AII) is a property and casualty insurance company that specializes in providing coverage for residential properties and personal assets primarily in hurricane-prone regions. Founded as a regional insurer, the company has established itself as a focused provider of homeowners insurance and related coverage products. American Integrity went public in May 2025, representing a relatively new entrant to the public markets within the insurance sector.
Business
American Integrity Insurance Group operates in the property and casualty insurance industry, which involves providing financial protection against losses from property damage, liability claims, and other specified risks. Property and casualty insurance is a fundamental component of the broader insurance ecosystem, where companies collect premiums from policyholders and use these funds to pay claims when covered events occur. The company's core business revolves around residential property insurance, offering a comprehensive suite of coverage options tailored to different housing situations. Their primary product offerings include homeowners insurance for traditional residences, specialized policies for new home construction projects, coverage for vacant properties, condominium insurance, and policies designed for rental and seasonal dwellings. Additionally, they provide insurance for manufactured homes, which often require different underwriting approaches due to their unique construction and placement characteristics. Beyond traditional property coverage, American Integrity has expanded into niche markets including golf cart insurance and watercraft coverage, recognizing opportunities in recreational vehicle protection. The company also offers binding arbitration services, which provides an alternative dispute resolution mechanism for insurance-related conflicts, representing a value-added service that can generate additional revenue streams while strengthening customer relationships. The company's business model appears to be concentrated primarily in residential property insurance, with this segment likely representing the vast majority of their premium revenue, though specific segment breakdowns are not available from the provided financial data.
Revenue model
American Integrity generates revenue primarily through insurance premium collection, where customers pay regular premiums (typically annual or semi-annual payments) in exchange for coverage protection. The company's paying customers are primarily individual homeowners, property investors, and recreational vehicle owners who require insurance coverage either by legal mandate (such as mortgage requirements) or for personal financial protection. The insurance business model involves collecting premiums upfront and investing these funds while gradually paying out claims over time. This creates a float - the temporary use of customer money - which can be invested to generate additional income through interest, dividends, and capital appreciation. Success in this model depends on maintaining a favorable combined ratio, where total claims and expenses remain below premium income. Several factors can significantly impact American Integrity's profitability margins. Weather-related events, particularly hurricanes and severe storms, represent the most significant risk factor given the company's focus on residential property insurance in potentially vulnerable geographic regions. Climate change and increasing frequency of extreme weather events could pressure margins through higher claim frequencies and severities. Reinsurance costs - the insurance that insurance companies purchase to protect themselves against large losses - can fluctuate dramatically based on global catastrophe experience and capital market conditions. Interest rate environments directly affect investment income from the company's float, with rising rates generally benefiting insurers through higher investment yields. Construction costs and inflation impact claim settlement expenses, as rebuilding and repair costs increase. Regulatory changes in insurance markets, particularly in hurricane-prone states, can affect pricing flexibility and coverage requirements. Competition from larger national insurers or new market entrants can pressure premium rates and market share.
Competitive moat
American Integrity's competitive moat appears to be relatively narrow compared to larger, more diversified insurance companies. The company's primary defensive characteristics stem from its specialized focus on specific geographic markets and property types, which may provide some local expertise and customer relationship advantages. The insurance industry generally benefits from regulatory barriers to entry, as new insurers must obtain licenses, meet capital requirements, and demonstrate financial stability. However, these barriers are not insurmountable for well-capitalized competitors. American Integrity's smaller scale compared to national insurers like State Farm or Allstate limits its ability to spread risks across diverse geographic regions and weather patterns, potentially making it more vulnerable to concentrated catastrophic losses. The company faces significant competitive threats from larger national insurers with superior financial resources, broader product portfolios, and more extensive distribution networks. These competitors can often offer more competitive pricing due to their scale advantages and diversified risk pools. Additionally, technology-driven insurtech companies are increasingly entering the property insurance market with streamlined digital processes and data-driven underwriting approaches that could disrupt traditional insurance models. Reinsurance market dynamics represent another vulnerability, as smaller insurers like American Integrity may have less negotiating power with reinsurers and could face higher costs or reduced availability of catastrophe protection during hard market cycles. The company's geographic concentration in potentially hurricane-prone areas creates additional exposure to regulatory changes and market exits by other insurers, which could leave American Integrity with adverse selection as other companies withdraw from high-risk markets.
Risks & safety
American Integrity demonstrates a strong financial safety profile with solid liquidity and conservative leverage metrics, though the company faces inherent volatility risks typical of property and casualty insurers. • Liquidity and Cash Position: The company maintains substantial cash and short-term investments of $173.2 million as of 2024, representing approximately 14% of total assets. This provides significant financial flexibility for claim payments and operational needs. • Debt and Leverage: Very low debt-to-equity ratio of 0.022 indicates minimal financial leverage and reduced solvency risk. The company is not burdened by significant debt obligations. • Current Ratio: Exceptionally strong current ratio of 11.77 demonstrates the company's ability to meet short-term obligations, though this high ratio is typical for insurance companies due to their current asset-heavy balance sheets. • Profitability Metrics: Strong return on equity of 24.5% in 2024 indicates efficient capital utilization. Net income of $39.7 million and positive free cash flow of $147.6 million demonstrate operational profitability. • Valuation Considerations: Trading at a P/E ratio of 8.3 and EV/EBITDA of 3.0, suggesting potentially attractive valuation metrics relative to earnings, though insurance company valuations require careful consideration of reserve adequacy and catastrophe exposure. • Other Considerations: The company's concentration in property insurance creates inherent exposure to catastrophic weather events that could significantly impact financial results in any given year, despite strong current financial metrics.
Recent development
Due to the absence of recent earnings call transcripts, specific details about American Integrity's recent strategic developments are limited. However, based on the company's recent public offering in May 2025, several key developments can be inferred. The company's decision to go public represents a significant strategic milestone, providing access to capital markets for potential expansion, enhanced financial flexibility, and increased regulatory capital to support growth initiatives. The timing of the IPO suggests management confidence in the company's market position and growth prospects. The financial metrics show steady operational performance with consistent profitability between 2023 and 2024, indicating stable business execution. Net income increased from $37.8 million in 2023 to $39.7 million in 2024, while the company significantly improved its cash position from $61.6 million to $173.2 million, likely reflecting the capital raised through the public offering process. The company's expansion into niche markets such as golf cart and watercraft insurance suggests a strategy of identifying underserved segments where specialized expertise can command premium pricing and reduce direct competition with larger national insurers. Given the company's focus on residential property insurance and recent public status, management is likely prioritizing geographic expansion within their core competency areas, potential technology investments to improve underwriting and customer service capabilities, and building relationships with reinsurance partners to manage catastrophe exposure as they scale operations.
AII company profile · for informational purposes only — not investment advice.
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