American Integrity Insurance Group, Inc. ( (AII) ) has released its Q1 earnings. Here is a breakdown of the information American Integrity Insurance Group, Inc. presented to its investors.
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American Integrity Insurance Group, Inc., headquartered in Tampa, Florida, is a prominent provider of residential property insurance, serving over 383,000 policyholders. The company operates in the property and casualty insurance sector, with a focus on empowering homeowners and maintaining a culture of integrity and excellence.
In its first quarter of 2025, American Integrity Insurance Group, Inc. reported a strong financial performance following its successful initial public offering (IPO) in May. The company achieved a pre-tax income of $42.9 million and a net income of $38.1 million, reflecting a significant growth compared to the previous year.
Key financial highlights include a 43.9% increase in gross premiums written, reaching $212.2 million, and a 66.5% rise in net premiums earned, totaling $65.4 million. The company’s combined ratio improved to 42.9%, a substantial decrease from 75.9% in the first quarter of 2024. Additionally, net investment income grew by 26.3% to $4.1 million, driven by an expanded investment portfolio.
The company’s strategic participation in the Citizens Property Insurance Corporation take-out program and the Voluntary Market contributed to the increase in premiums and policies in force. Policy acquisition and underwriting expenses decreased by 42%, enhancing the company’s financial efficiency.
Looking ahead, American Integrity Insurance Group, Inc. remains focused on disciplined strategic execution and leveraging its recent IPO to support further growth and operational improvements. The management is optimistic about future opportunities and continues to align its operations with its mission-driven culture.