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

• Market Cap: $480.49M
• Dividend Yield: N/A
• Average Volume (3M): 137.06K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.42
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 294
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Property & Casualty
• EPS (TTM): 0.71
• Shares Outstanding: 19,571,964
• 10 Day Avg. Volume: 98,252
• 30 Day Avg. Volume: 137,064
• PEG Ratio: 1.53
• Price to Book (P/B): 2.04
• Price to Sales (P/S): 1.62
• P/FCF Ratio: 2.24
• Enterprise Value/Market Cap: 0.65
• Enterprise Value/Revenue: 2.15
• Enterprise Value/Gross Profit: 6.56
• Enterprise Value/Ebitda: 7.24
• 1Y Price Target: $25.75
• Price Target Upside: 5.19% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 78 Outperform
• Price Target: $30.00 ▲(22.55% Upside)

American Integrity Insurance Group, Inc. scores well due to its strong financial performance and positive earnings call sentiment, indicating robust growth and strategic market expansion. Technical analysis suggests bullish momentum, though caution is advised due to overbought indicators. Valuation uncertainty slightly tempers the overall score.

Positive Factors

Strong Financial Performance

The significant increase in gross premiums indicates effective market penetration and robust demand for AII's insurance products, supporting long-term revenue growth.

Positive Market Expansion

Strategic expansion into new regions and product offerings enhances AII's market position and diversifies its revenue streams, contributing to sustainable growth.

Cash Generation Ability

Strong cash generation supports operational flexibility and investment in growth initiatives, ensuring financial stability and resilience against market fluctuations.

Negative Factors

Unfavorable Reserve Development

Unfavorable reserve development can impact profitability and indicates potential challenges in accurately forecasting claims, affecting financial stability.

Potential Legislative Risks

Legislative risks could reverse favorable conditions, impacting AII's operational environment and profitability, posing a threat to long-term strategic plans.

Modest Revenue Growth

Modest revenue growth suggests limited expansion in core markets, which could constrain future profitability and competitive positioning if not addressed.

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

Company Description

American Integrity Insurance Group, Inc. is an insurance provider that offers a range of coverage options, including policies for homeowners, new home construction, vacant homes, condos, rental and seasonal dwellings, manufactured homes, and golf carts. The company also provides insurance for watercraft and services like binding arbitration.

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	78 Outperform	$480.49M	―	―	―	―	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
HUIZ	57 Neutral	$33.30M	13.16	4.56%	―	19.30%	-17.56%
CNFR	52 Neutral	―	―	―	―	―	―
AAME	49 Neutral	$60.17M	29.74	2.45%	0.67%	6.98%	―

American Integrity Insurance Group, Inc. Corporate Events

American Integrity Insurance Group Reports Strong Q3 2025 Results

American Integrity Insurance Group, Inc. is a Tampa-based property and casualty insurance holding company, primarily providing residential property insurance in Florida. The company is recognized for its innovative and reliable coverage solutions tailored to homeowners in the Southeast.

American Integrity Insurance Group’s Robust Q3 2025 Earnings Call

American Integrity Insurance Group’s recent earnings call paints a picture of a company thriving amidst robust growth and strategic market expansion. The sentiment expressed during the call was largely positive, underscored by significant increases in policy numbers and strong financial metrics. However, there were some concerns regarding unfavorable reserve development and potential legislative changes that could impact future performance. Overall, the outlook remains optimistic, driven by the company’s solid growth trajectory.

American Integrity Appoints New Chief Accounting Officer

On September 17, 2025, American Integrity Insurance Group, Inc. appointed Steve W. Biggs as the chief accounting officer, effective September 22, 2025. Mr. Biggs brings extensive experience from his previous roles at Horace Mann Educators Corporation, Embark Insurance Company, Allstate Insurance Company, CNA Financial, and Ernst & Young, LLP. His appointment is expected to enhance the company’s financial leadership and strategic direction.

The most recent analyst rating on (AII) stock is a Buy with a $24.00 price target. To see the full list of analyst forecasts on American Integrity Insurance Group, Inc. stock, see the AII Stock Forecast page.

American Integrity’s Investor Presentation on September 4

American Integrity Insurance Group, Inc. has released an investor presentation intended for meetings with investors or analysts, including a presentation scheduled for September 4, 2025. The presentation provides summary information about the company’s business and operations, highlighting the risks and uncertainties it faces, particularly in the Florida market. The company emphasizes the unpredictability of catastrophic events and the challenges of maintaining adequate loss reserves. The presentation also discusses the company’s reliance on third-party distribution partners and the regulatory environment affecting its operations.

The most recent analyst rating on (AII) stock is a Buy with a $22.00 price target. To see the full list of analyst forecasts on American Integrity Insurance Group, Inc. stock, see the AII Stock Forecast page.

American Integrity Insurance Group Reports Strong Q2 2025 Results

American Integrity Insurance Group, Inc. is a Tampa-based property and casualty insurance holding company, recognized as one of Florida’s leading providers of residential property insurance. The company is known for its focus on the residential property insurance sector and its strategic expansion in underserved markets.