<span item_type="fundamental" item_id="869448a1fa20ef0b6155401487878e28" counter_id="ST/US/AII" env="prod"></span><span item_type="announcement" item_id="647651937869960705" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 90.93 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD 1.02, beating the estimate of USD 0.9875.</p><p></p><h4>Net Income and Profitability</h4><ul><li>Net income available to common shareholders for American Integrity Insurance Group, Inc. was $19.9 million for the first quarter of 2026, a 47.7% decrease from $38.1 million for the three months ended March 31, 2025, compared to $35.9 million in the first quarter of 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li><li>Adjusted net income available to common shareholders was $20.1 million for the first quarter of 2026, a decrease of $18.0 million or 47.1% from $38.1 million for the three months ended March 31, 2025, compared to $35.9 million in the first quarter of 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li><li>Return on equity was 23.7% for the first quarter of 2026, compared to 87.5% for the first quarter of 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li><li>Adjusted return on equity was 23.9% for the first quarter of 2026, compared to 87.4% in the first quarter of 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li><li>Income before taxes was $27,255 thousand for the three months ended March 31, 2026, a decrease of 36.5% compared to $42,909 thousand for the three months ended March 31, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li></ul><h4>Revenue and Premiums</h4><ul><li>Net premiums earned were $82.2 million for the first quarter of 2026, an increase of 25.7% or $16.8 million from $65.4 million in the first quarter of 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li><li>Gross premiums written increased by $7.8 million to $220.0 million for the first quarter of 2026 from $212.2 million in the first quarter of 2025, representing a 3.7% increase. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li><li>Gross premiums earned increased by $20.6 million to $230.8 million for the first quarter of 2026 from $210.2 million in the first quarter of 2025, representing a 9.8% increase. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li><li>Ceded premiums earned increased by $3.8 million to $148.6 million for the first quarter of 2026 compared to $144.8 million in the first quarter of 2025, representing a 2.6% increase. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li><li>Policy fees increased to $2,745 thousand in the first quarter of 2026 from $2,204 thousand in the first quarter of 2025, a 24.5% increase. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li><li>Total Revenues were $90,931 thousand for the first quarter of 2026, up from $71,886 thousand in the first quarter of 2025, a 26.5% increase. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li></ul><h4>Operational Costs and Ratios</h4><ul><li>Combined ratio was 75.0% in the first quarter of 2026, compared to 42.9% in the first quarter of 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li><li>Losses and loss adjustment expenses (LAE) increased by $10.8 million to $31.7 million for the first quarter of 2026 compared to $20.9 million for the first quarter of 2025, a 52.1% increase. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li><li>The loss ratio was 37.3% for the first quarter of 2026, compared to 30.9% for the first quarter of 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li><li>Policy acquisition expenses increased by $12.9 million to $16.0 million for the first quarter of 2026 compared to $3.1 million in the first quarter of 2025, a 414.5% increase. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li><li>General and administrative expenses increased by $11.0 million to $16.0 million from $5.0 million in the first quarter of 2025, a 218.8% increase. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li><li>The expense ratio was 37.6% for the first quarter of 2026 compared to 12.0% for the first quarter of 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li><li>Total Expenses were $63,676 thousand for the first quarter of 2026, up from $28,977 thousand in the first quarter of 2025, a 119.7% increase. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li><li>The non-catastrophe quota share reinsurance arrangement percentage was reduced from 40% to 25%. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li></ul><h4>Investment Income</h4><ul><li>Net investment income increased $1.6 million to $5.7 million for the first quarter of 2026 compared to $4.1 million in the first quarter of 2025, a 37.8% increase. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li><li>Net realized gains on investments were $53 thousand in the first quarter of 2026, compared to $16 thousand in the first quarter of 2025, a 231.3% increase. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li></ul><h4>Taxation</h4><ul><li>Income tax expense was $7.3 million for the first quarter of 2026 and $4.8 million for the first quarter of 2025, a 52.6% increase. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li><li>The effective tax rate was 26.9% for the three months ended March 31, 2026, compared to 11.2% for the three months ended March 31, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li></ul><h4>Balance Sheet &amp; Equity</h4><ul><li>Shareholders’ equity was $335.5 million as of March 31, 2026, compared to $337.0 million as of December 31, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li><li>A $20.0 million special cash dividend was paid to stockholders in the first quarter of 2026. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li><li>Total assets were $1,175,054 thousand as of March 31, 2026, compared to $1,225,074 thousand as of December 31, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li><li>Total liabilities were $839,571 thousand as of March 31, 2026, compared to $888,052 thousand as of December 31, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li></ul><h4>Operational Metrics</h4><ul><li>Policies-in-force were 437,308 at March 31, 2026, up 14.1% over March 31, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li><li>In-Force Premium was $974,806 thousand as of March 31, 2026, compared to $909,539 thousand as of March 31, 2025, a 7.2% increase. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li><li>American Integrity Insurance Group, Inc. wrote 94,126 new and renewal policies in the voluntary market, an increase of 22% compared to the first quarter of 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li><li>The company assumed 584 policies, including 42 commercial residential policies, from Citizens Property Insurance Corporation in the first quarter of 2026, compared to 16,632 policies assumed in the first quarter of 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li></ul><h4>Cash Flow</h4><ul><li>Net cash provided by operating activities was $6,792 thousand for the three months ended March 31, 2026, compared to $68,085 thousand for the three months ended March 31, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li><li>Net cash used in investing activities was -$4,486 thousand for the three months ended March 31, 2026, compared to net cash provided by investing activities of $8,343 thousand for the three months ended March 31, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li><li>Net cash used in financing activities was -$20,074 thousand for the three months ended March 31, 2026, compared to -$14,978 thousand for the three months ended March 31, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li><li>Cash, cash equivalents and restricted cash at the end of the period were $226,351 thousand for the three months ended March 31, 2026, compared to $240,722 thousand for the three months ended March 31, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li></ul><h4>Outlook</h4><ul><li>Robert Ritchie, CEO of American Integrity Insurance Group, Inc., expressed satisfaction with Q1 2026 performance, citing a strong start and continued momentum in the core business driven by voluntary production. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span> The company is observing meaningful traction across strategic growth initiatives, including re-entry into the Tri-County market, expansion into the middle-aged home market, and early development of its commercial residential product. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span> With a strong balance sheet and multiple growth opportunities, the company believes it is well-positioned for consistent, profitable growth over time. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2007587/000200758726000056/q1-2026earningsrelease.htm"></span></li></ul>

American Integrity Insurance | 8-K: FY2026 Q1 Revenue: USD 90.93 M