American Integrity Insurance reports Q2 adjusted EPS $1.84, consensus $1.57

Reports Q2 revenue $74.499M, cocnsensus $68.8M. Robert Ritchie, Chief Executive Officer, commented, “We delivered strong results driven by better than expected policy growth from the voluntary market combined with another quarter of improved policy retention. Our expansion into underserved but stable counties in Florida is opening up large markets to American Integrity, and I am excited to announce that our voluntary rate filing has been approved in Miami-Dade and Broward counties under which we will begin writing policies later this month. The tri-county region of Miami-Dade, Broward and Palm Beach represent one of the most valuable and concentrated homeowner markets in Florida accounting for over 26% of the state’s total households and is a region where we have not written business in more than a decade. This is a significant market opportunity, and we have the distribution in place to capitalize on it.”