EarningsStrong earnings were driven by further Citizens policy assumptions, benign CAT weather losses, and favorable frequency trends in Florida.
GrowthTakeout policies continue to be a tailwind for growth, with AII assuming 7,000 policies in the quarter, driving GWP growth of 29%.
ValuationThe stock is currently trading at 6 times the 2026 EPS estimate, a significant discount to Florida homeowner peers.