American Integrity Insurance Q3 2025: Premium Growth and Improved Profitability
American Integrity Insurance Group, a Tampa-based property and casualty insurer, reported strong financial results for Q3 2025, driven by expanded underwriting activity and strategic initiatives.
Gross premiums written surged 48.5% year-over-year to $239.1 million, while gross premiums earned increased by 34.2% to $221.9 million, reflecting growth in new and renewal policies particularly through voluntary market channels and participation in the Citizens Property Insurance take-out program. Net premiums earned also rose 28.5% to $52 million, supporting top-line improvement.
Losses and loss adjustment expenses increased by 18.5% to $29.7 million, primarily due to the higher premium base, but the company's loss ratio improved to 54.1% from 59% a year prior. American Integrity achieved a substantially better combined ratio of 78.9% for the quarter, down from 94.3% previously, indicating enhanced underwriting efficiency and expense management. These operational gains contributed to an increase in net income available to common shareholders to $13.2 million and an adjusted net income of $14 million.
Investment income for the quarter rose significantly by 83.8% to $6.9 million, bolstered by increased invested assets associated with premium growth and proceeds from the company's initial public offering. These financial results reflect American Integrity's execution of its growth strategy within Florida's property insurance market and its focus on disciplined underwriting and risk management.
The firm is actively expanding its market presence, especially re-entering Florida's Tri-County region and targeting Florida’s middle-aged home segment, both identified as substantial opportunities for voluntary policy growth. Additionally, the company has recently entered the commercial residential market, with expectations to begin policy issuance in Q4 2025, diversifying its product offerings.
Legislative reforms in Florida have improved market stability by reducing non-catastrophe loss frequency and severity, while favorable catastrophe conditions contributed to the company's strong performance. American Integrity continues to emphasize prudent risk controls and sustainable growth to generate long-term shareholder value within a competitive insurance environment.