American Integrity Insurance Group, Inc. · NYSE:AII
American Integrity Insurance — Q1 2026 Earnings Presentation
25 slides from American Integrity Insurance's earnings presentation, May 20, 2026
Slide 1: 1Q 2026 Investor Presentation
1 1Q 2026 Investor Presentation
Slide 2: Generally; Cautionary Note Regarding Forward-Looking Statements
2 Generally. The information contained in this presentation has been prepared by American Integrity Insurance Group, Inc. and its subsidiaries (collectively, “American Integrity, “AII,” ” the “Company,” “we,” “us” or “our”) and contains information pertaining to the business and operations of the Co
Slide 3: Experienced, Founder-Led Management Team
3 Bob Ritchie Founder & Chief Executive Officer Founded American Integrity in 2006 Previously served in leadership roles at American Modern, AIG, CNA and GE Insurance Solutions More than 40 years of insurance industry experience BS, University of Evansville Jon Ritchie President Joined American Inte
Slide 4: First Quarter Highlights
4 First Quarter Highlights (1) Market data provided by the Florida Office of Insurance Regulation (https://floir.com/tools-and-data/residential-market-share-reports). (2) YTD through March 31, 2026. Data excludes policy types: Commercial Residential, Personal Residential Condominium/Tenants/Farmowne
Slide 5: American Integrity Financial Highlights
5 American Integrity Financial Highlights Three Months Ended 3/31/2026 & Year Ended 12/31/2025 Year Ended 12/31/2025 vs. Year Ended 12/31/2024 422K Policies In-Force vs. 356K 2024 (+19%) $945M Gross Premiums Written vs. $768M 2024 (+23%) $243M Net Premiums Earned vs. $182M 2024 (+33%) $105M Adjusted
Slide 6: Leading Florida Residential Market Share Position
6 Leading Florida Residential Market Share Position Twenty years of cultivating our distribution network has resulted in a strong market share position in the Florida residential insurance marketplace, both in terms of voluntary writings and in-force policies/premium(1)(2) (1) Market Share data prov
Slide 7: Executing on Voluntary, Organic Growth Opportunities
7 Executing on Voluntary, Organic Growth Opportunities Our strong balance sheet and leading position in the stabilized Florida insurance market has resulted in strong growth across our key business initiatives. Our next phase of growth is being driven by scalable voluntary market opportunities indep
Slide 8: Strong Voluntary Business Driving Organic Growth
8 $31,861 $52,010 1Q 2025 1Q 2026 New Business GWP ($ 000s) 294 345 89 92 383 437 1Q 2025 1Q 2026 PIF (000s) Voluntary PIF Citizens PIF Strong Voluntary Business Driving Organic Growth • 22% new voluntary policy growth and 63% new voluntary premium growth during the three months ended 3/31/2026 comp
Slide 9: Tri-County Growth Success
9 Tri-County Growth Success Tri-County Voluntary New Business Policies Written Tri-County Voluntary New Business Gross Premiums Written 164 2,924 1Q 2025 1Q 2026 • Our re-entry into the Tri-County region of Florida is gaining momentum as evidenced by robust Y-o-Y growth in new business • Average new
Slide 10: Middle-Aged Homes Execution
10 371 5,211 1Q 2025 1Q 2026 Middle-Aged Homes Execution • HO-3 business was the most severely impacted product line by the Florida litigation crisis and where we pulled back writing most acutely • Dwelling and fire products were somewhat insulated as roofs mostly were insured on an actual cash valu
Slide 11: Florida Commercial Residential Growth Opportunity
11 Florida Commercial Residential Growth Opportunity • Admitted market for commercial residential in Florida is estimated to be $1.7B of premium(1) • Launched voluntary and Citizens take-out writings in 4Q 2025 with high degree of pricing/underwriting discipline • Highly selective in the opportuniti
Slide 12: Reduced Non-Cat Quota Share
12 $65,402 $82,208 1Q25 1Q26 Reduced Non-Cat Quota Share • In addition to our catastrophe XOL reinsurance tower, we also purchase non-cat quota share reinsurance • Effective January 1, 2026, we reduced our quota share ceding percentage from 40% to 25% • The reduction in quota share reflects our grow
Slide 13: Accomplishing Strategic Regional Expansion
13 Accomplishing Strategic Regional Expansion • Growth in geographies outside of FL(1) progressing nicely, outpacing growth of entire book • Good initial momentum in North Carolina continuing into 2Q 2026 • Evaluating the potential for further state expansion in 2027 3,961 4,886 1Q 2025 1Q 2026 Ex-F
Slide 14: Our Core Competencies Support and Fuel our Profitable Growth
14 Our Core Competencies Support and Fuel our Profitable Growth We believe our differentiated operating platform creates meaningful barriers to entry in the Florida residential market Deep, Diversified Distribution Robust, Granular Technology Platform Tested, Aligned Management Integrated, Detailed
Slide 15: Competitive Environment
15 $1,942 $1,924 1Q 2025 1Q 2026 Competitive Environment Average Gross Premiums Written Per Policy • Despite the market becoming more competitive, we are seeing stability in our average premium per policy • Mix shifts towards middle-aged homes and policies in Tri-County plus rate increases on take-o
Slide 16: Robust Reinsurance Program
16 Robust Reinsurance Program Our strategic reinsurance program is key to our risk management philosophy Per Risk & Facultative • Cover individual risks as opposed to group or class of business • Provides coverage for non-catastrophe losses from individual policies in excess of $1M Non-CAT Quota Sha
Slide 17: Catastrophe Reinsurance Program with Broad Market Support
17 Catastrophe Reinsurance Program with Broad Market Support Sophisticated and conservative all-peril catastrophe XOL coverage to mitigate retained property losses Our multi-layered CAT XOL program provides comprehensive coverage up to $1.97B, including Company retentions, for a single event and $1.
Slide 18: A Compelling Investment Opportunity
18 A Compelling Investment Opportunity A Compelling Investment Opportunity American Integrity combines deep Florida expertise, management continuity and an impressive track record of operating in the state with a large organic growth opportunity in the stabilized Florida market (1) Federal Reserve d
Slide 19: Appendix
- INTEGRITY — — Appendix
Slide 20: Summary Financials
20 Summary Financials Income Statement – Year Ended Income Statement – Three Months Ended $ in thousands December 31, December 31, Year Ended 2025 2024 Revenues Gross premiums written $944,634 $767,678 Change in gross unearned premiums (59,676) (85,462) Gross premiums earned 884,958 682,216 Ceded pr
Slide 21: Summary Financials Balance Sheet
21 Summary Financials Balance Sheet $ in thousands March 31, December 31, December 31, 2026 2025 2024 Assets Fixed maturities, available-for-sale, at fair value $347,264 $330,489 $214,045 Short term investments 2,479 18,121 - Total investments $349,743 $348,610 $214,045 Cash and cash equivalents 171
Slide 22: High Quality Investment Portfolio
22 High Quality Investment Portfolio (1) Fair value of securities, accrued interest, cash and restricted cash as of 3/31/2026. (2) Includes $354.1M of investments & cash, $3.1M of accrued interest, and $0.2M of unrealized gains in our managed investment portfolios at the holding company and insuranc
Slide 23: ($ in thousands) Three Months Ended March 31, 2026 2025 Total net premiums earned
23 ($ in thousands) Three Months Ended March 31, 2026 2025 Total net premiums earned $82,208 $65,402 Plus: Policy fees 2,745 2,204 Total net premiums earned plus policy fees 84,953 67,606 Losses and loss adj. expense, net $31,725 $20,862 Loss and loss adj. expense ratio (% of net premiums earned plu
Slide 24: ($ in thousands) Year Ended December 31, 2025 2024 Total net premiums earned $242,923
24 ($ in thousands) Year Ended December 31, 2025 2024 Total net premiums earned $242,923 $182,055 Plus: Policy fees 10,397 7,393 Total net premiums earned plus policy fees 253,320 189,448 Losses and loss adj. expense, net $98,034 $90,832 Loss and loss adj. expense ratio (% of net premiums earned plu
Slide 25: American Integrity
AMERICAN INTEGRITY
American Integrity Insurance Group — Q1 2026 Earnings Presentation on 6ix