American Integrity Insurance Group, Inc. · NYSE:AII
American Integrity Insurance — Q2 2026 Earnings Presentation
27 slides from American Integrity Insurance's earnings presentation, Aug 12, 2026
Slide 1: 2Q 2026 Investor Presentation
2Q 2026 Investor Presentation 1
Slide 2: Legal Disclaimer
Legal Disclaimer 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 operati
Slide 3: Experienced, Founder-Led Management Team
Experienced, Founder-Led Management Team Bob Ritchie Jon Ritchie Brian Foley David Clark Founder & Chief Executive President Chief Financial Officer Chairman Officer Founded American Joined American Became CFO in 2026 Co-founded American Integrity in 2006 Integrity in 2009 Integrity in 2006 Previous
Slide 4: Second Quarter and Business Highlights
Second Quarter and Business Highlights • #1 public company voluntary market new business writer in Florida(1)(2) • 22% voluntary market PIF growth, and 16% overall PIF growth, versus the same period last year • 40% Adjusted ROE(3) and $1.78 Adjusted EPS, which we believe demonstrates the power of br
Slide 5: American Integrity Financial Highlights - Three & Six Months Ended 6/30/2026
American Integrity Financial Highlights - Three & Six Months Ended 6/30/2026 Three Months Ended 6/30/2026 vs. Three Months Ended 6/30/2025 462K $327M $105M $370M (1) (1) Policies In-Force Gross Premiums Written Net Premiums Earned Shareholders’ Equity vs. 399K 2Q ‘25 (+16%) vs. $287M 2Q ’25 (+14%) v
Slide 6: Leading Florida Residential Market Share Position
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) New FL Voluntary Policies Wr
Slide 7: Executing on Voluntary, Organic Growth Opportunities
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 indepen
Slide 8: Strong Voluntary Business Driving Organic Growth
Strong Voluntary Business Driving Organic Growth • 54% new voluntary policy growth and 150% new voluntary premium growth during the second quarter of 2026 compared to the same period last year, combined with favorable retention • Voluntary growth continues to significantly outpace overall growth as
Slide 9: Tri-County Growth Success
Tri-County Growth Success • Our re-entry into the Tri-County region of Florida is gaining momentum • Average new business rates tend to skew higher in Tri-County • Successfully expanding our position in Florida’s attractive high-value homeowner market • We believe approximately 40% of all Florida “h
Slide 10: Middle-Aged Homes Execution
Middle-Aged Homes Execution • HO-3 business was the most severely impacted product line by the Florida litigation crisis and where we historically pulled back writing most acutely • Dwelling and fire products were somewhat insulated as roofs mostly were insured on an actual cash value basis • As we
Slide 11: Florida Commercial Residential Growth Opportunity
Florida Commercial Residential Growth Opportunity 278 $18.6M Policies In-Force(2) In-Force Premium(2) • Florida commercial residential market represents $1.7B of premium(1) • Launched commercial residential writings in 4Q 2025 with high degree of pricing/underwriting discipline • Highly selective in
Slide 12: Reduced Non-Cat Quota Share
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 growing confidence in the profita
Slide 13: Accomplishing Strategic Regional Expansion
Accomplishing Strategic Regional Expansion • Growth in geographies outside of FL(1) progressing nicely • Good initial momentum in North Carolina continuing into 2H 2026 • Evaluating the potential for further state expansion and introduction of new products in existing ex-FL footprint in 2027 Ex-FL V
Slide 14: Our Core Competencies Support and Fuel our Profitable Growth
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 ✓ Longstanding independent agent relationships ✓ In
Slide 15: Competitive Environment
Competitive Environment • 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 our take-out book have been offset by appropriate, modest rate declines in some a
Slide 16: Robust Reinsurance Program
Robust Reinsurance Program Our strategic reinsurance program is key to our risk management philosophy Reinsurance Philosophy 1 Reduce 2 Enhance 3 Limit 4 Protect earnings capital exposure to capital volatility management CAT events Our Risk Management Strategy Includes Multiple Types of Reinsurance:
Slide 17: 2026/2027 Finalized Catastrophe XOL Reinsurance Highlights
2026/2027 Finalized Catastrophe XOL Reinsurance Highlights • Favorable renewal completed with risk-adjusted rate declines in line with broader market of upwards of 20% reductions and improved terms • Robust vertical and horizontal cover modeled to contain the four-event 2004 Florida storm season • F
Slide 18: Catastrophe Reinsurance Program with Broad Market Support
Catastrophe Reinsurance Program with Broad Market Support Sophisticated and conservative all-peril catastrophe XOL coverage to mitigate retained property losses J First event $2,270M $2,260M A First event retention of $35M, with $10M Integrity Re 2026 CL A $1,937M of exposure for the insurance entit
Slide 19: A Compelling Investment Opportunity
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 Organic Organic Growth G
Slide 20: Appendix
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Slide 21: Summary Financials
Summary Financials Income Statement – Three Months Ended Income Statement – Six Months Ended $ in thousands June 30, June 30, $ in thousands June 30, June 30, Three Months Ended 2026 2025 Six Months Ended 2026 2025 Revenues Revenues Gross premiums written $326,592 $286,995 Gross premiums written $54
Slide 22: Summary Financials
Summary Financials Balance Sheet $ in thousands June 30, December 31, December 31, 2026 2025 2024 Assets Fixed maturities, available-for-sale, at fair value $346,427 $330,489 $214,045 Short-term investments 4,738 18,121 - Total investments $351,165 $348,610 $214,045 Cash and cash equivalents 288,453
Slide 23: High Quality Investment Portfolio
High Quality Investment Portfolio • We maintain a simple, conservative, highly-rated and liquid investment portfolio focused on investment grade fixed income securities • Total cash and investments at 6/30/2026 of $698M(1), which includes $510M in two investment portfolios(2) managed by Goldman Sach
Slide 24: Non-GAAP Reconciliations Three Months Ended June 30, 2026 vs 2025
Non-GAAP Reconciliations Three Months Ended June 30, 2026 vs 2025 Underwriting Income Ceded Catastrophe Excess of Loss Premiums Ratio ($ in thousands) Three Months Ended June 30, ($ in thousands) Three Months Ended June 30, 2026 2025 2026 2025 Income before taxes $46,424 $24,097 Gross premiums earne
Slide 25: Non-GAAP Reconciliations Six Months Ended June 30, 2026 vs 2025
Non-GAAP Reconciliations Six Months Ended June 30, 2026 vs 2025 Underwriting Income Ceded Catastrophe Excess of Loss Premiums Ratio ($ in thousands) Six Months Ended June 30, ($ in thousands) Six Months Ended June 30, 2026 2025 2026 2025 Income before taxes $73,679 $67,006 Gross premiums earned $473
Slide 26: Non-GAAP Reconciliations Year Ended December 31, 2025 vs 2024
Non-GAAP Reconciliations Year Ended December 31, 2025 vs 2024 Underwriting Income Ceded Catastrophe Excess of Loss Premiums Ratio ($ in thousands) Year Ended December 31, ($ in thousands) Year Ended December 31, 2025 2024 2025 2024 Income before taxes $115,057 $51,039 Gross premiums earned $884,958
Slide 27: American Integrity
AMERICAN INTEGRITY
American Integrity Insurance Group — Q2 2026 Earnings Presentation on 6ix