American Integrity Insurance Group, Inc. (AII) AI Stock Analysis

• Market Cap: $1.68M
• Dividend Yield: N/A
• Average Volume (3M): 76.07K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.54
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 294
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Property & Casualty
• EPS (TTM): 1.84
• Shares Outstanding: 19,571,964
• 10 Day Avg. Volume: 95,506
• 30 Day Avg. Volume: 76,068
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 187.46
• Enterprise Value/Revenue: 2.15
• Enterprise Value/Gross Profit: 6.56
• Enterprise Value/Ebitda: 7.24
• 1Y Price Target: $22.00
• Price Target Upside: 12.42% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 76 Outperform
• Price Target: $21.00 ▲(7.31% Upside)

American Integrity Insurance Group, Inc. scores well due to its strong financial performance and strategic corporate event, which enhances risk management capabilities. Technical indicators suggest positive momentum, although the lack of valuation data limits a comprehensive assessment. The absence of earnings call data does not impact the score.

Positive Factors

Earnings

Strong earnings were driven by further Citizens policy assumptions, benign CAT weather losses, and favorable frequency trends in Florida.

Growth

Takeout policies continue to be a tailwind for growth, with AII assuming 7,000 policies in the quarter, driving GWP growth of 29%.

Valuation

The stock is currently trading at 6 times the 2026 EPS estimate, a significant discount to Florida homeowner peers.

Negative Factors

Geographic Focus

The company’s business is focused in a narrow geography; changes in competition, the regulatory environment, catastrophe loss risk and other factors could make it a less attractive investment.

American Integrity Insurance Group, Inc. Business Overview & Revenue Model

Company Description

American Integrity Insurance Group, Inc. (AII) is a Florida-based insurance company specializing in providing a range of property and casualty insurance products. Founded in 2006, AII focuses primarily on homeowners insurance, offering coverage tailored to meet the needs of homeowners throughout Florida. The company aims to provide exceptional customer service and innovative insurance solutions, ensuring that clients can protect their assets effectively in a dynamic insurance market.

How the Company Makes Money

American Integrity Insurance Group generates revenue primarily through the sale of insurance premiums. The company underwrites policies for homeowners and other property insurance, collecting premiums from policyholders in exchange for coverage against potential risks, such as property damage and liability claims. Additionally, AII may invest the premiums collected in various financial instruments, generating investment income. The company's revenue model also includes potential partnerships with agents and brokers who sell AII products, earning commissions on the policies sold. Effective risk management and claims processing further contribute to the company's profitability by minimizing losses and optimizing underwriting performance.

American Integrity Insurance Group, Inc. Financial Statement Overview

Summary

American Integrity Insurance Group, Inc. demonstrates strong financial health across all verticals. The income statement reflects solid profitability and stable revenue growth. The balance sheet shows low leverage and effective equity utilization, while cash flow statements highlight robust cash generation. The company is well-positioned for sustainable growth with minimal financial risk.

Income Statement

The company exhibits strong profitability with a gross profit margin of 40.12% and a net profit margin of 19.45%. Revenue growth is modest at 1.73% year-over-year, indicating stable performance. EBIT and EBITDA margins are healthy at 24.98% and 26.37%, respectively, showcasing efficient operations.

Balance Sheet

The balance sheet is robust with a low debt-to-equity ratio of 0.022, indicating low leverage and financial stability. Return on equity is strong at 24.47%, reflecting effective use of equity to generate profits. The equity ratio of 13.55% suggests a solid equity base relative to total assets.

Cash Flow

Cash flow performance is excellent with significant growth in operating cash flow, resulting in a high operating cash flow to net income ratio of 1.68. Free cash flow is nearly equivalent to net income, indicating strong cash generation capabilities.

Breakdown	TTM	Dec 2024	Dec 2023
Income Statement
Total Revenue	146.38M	204.35M	200.87M
Gross Profit	47.92M	81.99M	78.87M
EBITDA	43.41M	53.88M	45.98M
Net Income	65.59M	39.74M	37.80M
Balance Sheet
Total Assets	1.59B	1.20B	862.03M
Cash, Cash Equivalents and Short-Term Investments	259.61M	262.25M	256.80M
Total Debt	824.00K	3.64M	6.08M
Total Liabilities	1.29B	1.04B	728.07M
Stockholders Equity	301.87M	162.39M	133.97M
Cash Flow
Free Cash Flow	94.90M	147.60M	63.68M
Operating Cash Flow	95.48M	148.91M	64.44M
Investing Cash Flow	-59.87M	-19.37M	-1.84M
Financing Cash Flow	61.94M	-12.44M	-2.35M

American Integrity Insurance Group, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AII	76 Outperform	$1.68M	―		―	―	―
Sector *	68 Neutral	$17.81B	11.59	9.87%	3.74%	9.69%	1.11%
AAME	57 Neutral	$65.68M	32.46	2.45%	0.62%	6.98%	―
CNFR	52 Neutral	$9.04M	0.31	-218.24%	―	-37.38%	―
HUIZ	52 Neutral	$26.06M	11.44	-3.92%	―	0.48%	-127.19%

American Integrity Insurance Group, Inc. Corporate Events

American Integrity Secures Expanded Reinsurance Program

On May 29, 2025, American Integrity Insurance Group announced the full placement of its 2025-2026 catastrophe excess-of-loss reinsurance program for its subsidiary, American Integrity Insurance Company of Florida. The program, effective June 1, 2025, provides $1.93 billion in third-party coverage for a single catastrophic event and $2.59 billion for all occurrences, marking a 45% increase over the previous year. This expansion reflects the company’s growth in written premium and exposure, supported by new catastrophe bonds and participation from highly rated reinsurers. The program’s structure aims to enhance the company’s capacity to manage risks associated with catastrophic events, thereby strengthening its market position and operational resilience.