American Integrity Insurance Group, Inc. · NYSE:AII
American Integrity Insurance — Q2 2025 Earnings Presentation
26 slides from American Integrity Insurance's earnings presentation, Aug 13, 2025
Slide 1: 2Q 2025 Investor Presentation
2Q 2025 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 opera
Slide 3: Experienced Management Team
Experienced Management Team Bob Ritchie Jon Ritchie Ben Lurie David Clark Founder & Chief Executive President Chief Financial Officer Chairman Officer Founded American Joined American Joined the American Co-founded American Integrity in 2006 Integrity in 2009 Integrity Board in 2017 Integrity in 200
Slide 4: American Integrity Financial Highlights – 1H 2025 & 2Q 2025
American Integrity Financial Highlights – 1H 2025 & 2Q 2025 Strong growth and profitability Six Months Ended 6/30/25 399K $499M $132M $302M (1) Policies In-Force Gross Premiums Written Net Premiums Earned Total Shareholders’ Equity(1) vs. 266K at 6/30/24 (+50%) vs. $369M 1H ’24 (+35%) vs. $80M 1H ’2
Slide 5: Leading Florida Market Share Position
Leading Florida Market Share Position American Integrity has established a strong market share position in the Florida residential insurance marketplace, ranked #3 among domestic carriers for policies-in-force as of 6/30/25 (1) (1) (1) (1) (1) (1) YTD ’24 (1) Market data provided by the Florida Offi
Slide 6: Strong Distribution Resulting in Robust Voluntary Writings
Strong Distribution Resulting in Robust Voluntary Writings American Integrity is the #4 writer of residential policies among our peer Florida domestic carriers (and #7 among all writers)(1) Ranking Group New Policies Ranking Group New Policies 1 Citizens 117,458 21 Security First 16,779 2 Assurant 8
Slide 7: Strong Voluntary Business Driving Organic Growth
Strong Voluntary Business Driving Organic Growth Voluntary Policy Writings (000s) Favorable retention trends 60.0 52.4 +42% + 50.0 36.9 Market leader in voluntary policy 40.0 writings 30.0 = 20.0 Strong, double-digit organic growth on 10.0 our core voluntary book of business - YTD 2Q 2024 YTD 2Q 202
Slide 8: Resulting in Strong YoY Policies-In-Force Growth Profile
Resulting in Strong YoY Policies-In-Force Growth Profile American Integrity’s growth profile is strong with 50% total PIF growth and 19% organic, voluntary PIF growth at 6/30/25 vs 6/30/24, further solidifying our position as a market leader Voluntary Residential Total Residential Policies In-Force
Slide 9: Voluntary PIF Growth now more important than Citizens Takeouts
Voluntary PIF Growth now more important than Citizens Takeouts While we have successfully and opportunistically pursued take-outs from Citizens, we believe that opportunity is greatly diminished going forward • Since October 2024, we capitalized on favorable market conditions to assume policies from
Slide 10: Voluntary, Organic Growth Opportunities Abound
Voluntary, Organic Growth Opportunities Abound Because of our strong balance sheet and leading position in the stabilized Florida insurance market, we believe our organic growth opportunities are significant and near term Strong Florida Voluntary Policy Writing And Renewal Trends Strategic expansion
Slide 11: Tri-County Growth Opportunity
Tri-County Growth Opportunity The newly stabilized litigation environment has made it desirable to write business in the Tri-County(1), which we have limited since 2013 until the takeouts of 4Q 2024 and 1H 2025 Currently 7% of American Integrity’s Policies- In-Force vs 28% of Florida population(2) T
Slide 12: Middle-Aged Roof Opportunity
Middle-Aged Roof Opportunity The newly stabilized litigation environment has made it desirable to insure middle-aged roofs, whereas during the roof crisis we emphasized new homes with new roofs In response to the litigation crisis, AII reduced middle-aged roof exposure from 76% to 23%(1) The 2022 re
Slide 13: Commercial Residential Growth Opportunity
Commercial Residential Growth Opportunity AII has been preparing to enter the commercial residential insurance market for over a year. Admitted market for commercial residential in Florida is estimated to be $1.8B of premium(1) American Integrity has a COA, dedicated underwriting, and is awaiting fi
Slide 14: Reducing Non-Cat Quota Share
Reducing Non-Cat Quota Share AII has the opportunity to further drive revenue and net earned premium by reducing its reliance on non-cat quota share to below the current 40% level Currently ceding 40% of non-cat premiums to quota share partners Intent is to reduce that ceding rate over the next 2-3
Slide 15: Strategic Regional Expansion
Strategic Regional Expansion Our deep relationship with our builder affiliated agencies has provided us with disciplined growth opportunities outside of our core Florida market. Supports and deepens our builder affiliated agency relationships Strategic Regional Expansion Recently surpassed 15K polic
Slide 16: Our Core Competencies Support and Fuel our Growth
Our Core Competencies Support and Fuel our Growth Our success is made possible by our core competencies, which we have built over two decades Deep, Diversified Distribution Relationships Robust, Granular Technology Platform Independent agents selectively appointed, strategically Insurance Now Gu
Slide 17: Our Sophisticated, Conservative Reinsurance Program is Scalable
Our Sophisticated, Conservative Reinsurance Program is Scalable 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 Includ
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 $1,968M $1,937M Integrity Re Integrity Re 2025 CL A-1 2025 CL A-2 A Total First and Second event retention of H I $1,668M K $
Slide 19: Investment Highlights
Investment Highlights American Integrity combines deep Florida expertise, management continuity and an impressive track record of growth and profitability with a large organic growth opportunity in the stabilized Florida market Long-Term Growth Improved and Current Organic Stabilized Market 2025 Gro
Slide 20: Appendix
ee VM. LAWRIE D. VUE TELL WEE U2 IN INTEGRITY _— Appendix
Slide 21: 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 GSAM Investment Portfolio Total Cash and Investments at 2Q25 of $555M(1) which includes our $280M 1% Corporate Securities Investmen
Slide 22: Summary Historical Financials
Summary Historical Financials Income Statement Balance Sheet $ in thousands June 30, June 30, $ in thousands June 30, December 31, Three Months Ended 2025 2024 Three Months Ended 2025 2024 Revenues Fixed maturities, available-for-sale, at fair value $275,418 $214,045 Gross premiums written $286,995
Slide 23: Non-GAAP Reconciliations – Fiscal 2024 vs 2023
Non-GAAP Reconciliations – Fiscal 2024 vs 2023 Underwriting Income Ceded Catastrophe Excess of Loss Premiums Ratio ($ in thousands) Twelve Months Ended December 31, ($ in thousands) Twelve Months Ended December 31, 2024 2023 2024 2023 Income before taxes $51,039 $44,755 Gross premiums earned $682,21
Slide 24: Non-GAAP Reconciliations: Six Months Ended June 30, 2025 vs 2024
Non-GAAP Reconciliations: Six Months Ended June 30, 2025 vs 2024 Underwriting Income Ceded Catastrophe Excess of Loss Premiums Ratio ($ in thousands) Six Months Ended June 30, ($ in thousands) Six Months Ended June 30, 2025 2024 2025 2024 Income before taxes $67,007 $33,741 Gross premiums earned $43
Slide 25: Non-GAAP Reconciliations: Three Months Ended June 30, 2025 vs 2024
Non-GAAP Reconciliations: Three Months Ended June 30, 2025 vs 2024 Underwriting Income Ceded Catastrophe Excess of Loss Premiums Ratio ($ in thousands) Three Months Ended June 30, ($ in thousands) Three Months Ended June 30, 2025 2024 2025 2024 Income before taxes $24,098 $20,433 Gross premiums earn
Slide 26: American Integrity
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American Integrity Insurance Group — Q2 2025 Earnings Presentation on 6ix