American Integrity Insurance Group, Inc. (AII) Form 10-Q — Aug 13, 2026

$AIIForm 10-QFiled Aug 13, 2026, 4:16 PM ET0002007587-26-000093Original filing

American Integrity Insurance Group reported Q2 2026 net income of $34.1 million, or $1.74 per diluted share, up from $27.5 million, or $1.62, a year earlier, as gross premiums written rose 13.8% to $326.6 million. The combined ratio improved to 63.4% from 72.9%, driven by a lower expense ratio as one-time IPO costs rolled off. Growth remained strong: policies in-force reached 461,714 with $1.03 billion of in-force premium, and net premiums earned jumped 58.2% to $104.7 million after the company cut its quota share ceding percentage from 40% to 25% effective January 1, 2026. Book value per share rose to $18.86 from $15.42 a year ago.

Key figures

Eps: $1.74 diluted EPS for Q2 2026 (vs. $1.62 in Q2 2025); $2.76 for six months (vs. $4.18)
Revenue: $115.2 million total revenues in Q2 2026 ($206.1 million for six months ended June 30, 2026)
Net Income: $34.1 million for Q2 2026 (vs. $27.5 million Q2 2025); $54.1 million for six months (vs. $65.6 million)
Total Debt: $0.4 million long-term debt
Total Assets: $1.612 billion
Cash Position: $288.5 million cash and equivalents at June 30, 2026 ($343.9 million including restricted cash)
Shares Outstanding: 19593427
Ils limit: $825.0 million, including $565.0 million of catastrophe bonds
Loss ratio q2: 30.6% (flat YoY)
Net retention: $35.0 million first event, $20.0 million second event, $10.0 million third and fourth events
Revision impact: net DPAC increased $18.0 million and total assets/liabilities increased $5.1 million at December 31, 2025 upon error correction
Expense ratio q2: 32.8% (vs. 42.3% Q2 2025)
In force premium: $1.03 billion (vs. $921.3 million year-ago)
Special dividend: $20.0 million ($1.02 per share) paid March 30, 2026
Combined ratio q2: 63.4% (vs. 72.9% Q2 2025)
Policies in force: 461714
Fhcf participation: 90% participation, $572.7 million of limit
Return on equity q2: 38.7% (vs. 45.1% Q2 2025)
Book value per share: $18.86 at June 30, 2026 (vs. $15.42 year-ago)
Net premiums earned q2: $104.7 million (+58.2% YoY)
Statutory surplus aiic: $208.9 million at June 30, 2026
Gross premiums written q2: $326.6 million (+13.8% YoY)
Reinsurance total coverage: $2.99 billion across all occurrences (+15.8% vs. prior year treaty)
Quota share ceding commission: reduced from 40% to 25% effective January 1, 2026
Operating cash flow six months: $129.8 million
Reinsurance single event limit: $2.25 billion
Ceded premiums ratio six months: 60.5% of gross premiums earned (vs. 69.7% prior year)
Gross premiums written six months: $546.6 million (+9.5% YoY)

Price after filing

1 day: -0.0%7 days: +6.5%30 days: +8.0%

Close on the filing date to close N calendar days later (from $24.00). Historical, not a forecast.

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