American Integrity (AII) Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, February 25, 2026 astatine 10:58 AM CST 30 min read

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Feb. 25, 2026

• Chief Executive Officer — Robert Ritchie

• President — Jon Ritchie

• Chief Financial Officer — Benjamin Lurie

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Robert Ritchie: Thank you, and bully morning, everyone. This is an bonzer infinitesimal successful American Integrity Insurance Group, Inc.'s journey, and I americium honored to stock it with you today. This past twelvemonth has been a defining section successful our company's history. In May, we completed our precise palmy archetypal nationalist offering, raising gross proceeds of $100 million. This was a milestone that not lone strengthened our equilibrium sheet, but it besides affirmed a connection that American Integrity Insurance Group, Inc. is simply a institution built for scale, resilience, and durable worth creation. Importantly, our IPO was not a destination; it was a catalyst.

It was a launching point, and today, we are operating from the stronger instauration it created arsenic we diversify our products, arsenic we grow into caller markets, and arsenic we service adjacent much communities.

Our robust quarterly and full-year results are a testament to the spot of our underwriting discipline, the extent of our cause relationships, the spot of our policyholders, the assurance of our employees, and the improving wellness of the Florida marketplace. I would similar to item respective cardinal achievements from 2025. First, we grew gross premiums earned by astir 30% year-over-year to $885 million. We delivered adjusted nett income disposable to communal shareholders of $103 million, oregon $5.97 per diluted share, compared to $37.9 million, oregon $2.94 per diluted share, successful the anterior year. We achieved a combined ratio grounds of 63.7%. This is simply a much than 17-point betterment from 80.9% that we achieved successful 2024.

We recorded a 42.1% adjusted instrumentality connected equity, and this is up from 26.8% successful 2024, and we accrued our lawsuit number 19% from 356,000 to astir 422,000 customers.

Like galore different starring carriers successful Florida, our fiscal results benefited from well-underwritten, profitable takeouts from Citizens successful precocious 2024 and aboriginal 2025. As expected, the signifier of large, profitable Citizens takeouts is complete. Importantly, our maturation motor contiguous is integrated and voluntary, supported by heavy cause relationships and disciplined underwriting. Our results are underpinned by beardown integrated voluntary growth. Our voluntary lawsuit number accrued 16% to 327,000 policies during 2025, based upon a full accumulation of 104,000 caller voluntary policies written during the year.