American Integrity Insurance Group Reports Robust Q2 2025 Growth Post-IPO
American Integrity Insurance Group, Inc., a Tampa-based property and casualty insurer specializing in residential property insurance in Florida, reported strong financial results for the second quarter of 2025 following its May 2025 IPO. The company posted net income of $27.5 million, or $1.62 per diluted share, and an adjusted net income of $31.3 million, $1.84 per diluted share, reflecting robust operational performance.
Gross premiums written increased 29.5% year-over-year to $287.0 million, fueled by policy growth in the voluntary market and expansion into underserved Florida counties, notably Miami-Dade and Broward where new rate filings were approved. Policies in-force reached nearly 400,000, up 49.8% from mid-2024, marking a strategic milestone in scale and market penetration. The company’s underwriting efficiency remained strong, with a combined ratio of 72.9% for the quarter, although expense ratios rose due to higher general and administrative costs associated with the public company transition. Investment income grew 40% to $4.8 million, supported by realized gains on securities. The six-month results showed similar trends with a 35.2% increase in gross premiums written to $499.1 million and net income increasing 144.5% to $65.6 million. American Integrity’s financial resilience is underpinned by a robust reinsurance strategy and a diversified investment portfolio, positioning it for stable growth in Florida's complex residential property insurance market.
The company’s leadership cited disciplined underwriting, technology integration, and strong distribution partnerships as key drivers for sustaining profitability and capturing market share, especially as they engage Citizens Property Insurance take-outs. Regulatory compliance remains critical, particularly in rate filings and policy growth in a highly regulated Florida environment. Going forward, the company monitors market dynamics including catastrophe exposure, legal and legislative developments, and reinsurance market conditions to manage risk. The IPO has provided capital resources to support expansion and operational advancements. American Integrity’s strategic focus is on balancing growth with underwriting discipline to maintain its low loss ratio and competitive combined ratio metrics. The company plans continued engagement with stakeholders through earnings calls and detailed financial disclosures, emphasizing transparency and performance consistency.