10-Q - American Integrity Insurance Group, Inc. (0002007587) (Filer)

Tue, Jun 10, 8:05 PM (11 days ago)

### American Integrity Insurance Group, Inc. (AII) - Q1 2025 Summary **Ticker:** AII **Quarterly Financial Health:** - **Revenue:** $71.9 million, up 62.2% YoY. - **Net Income:** $38.1 million, up 214.7% YoY. - **Profit Margins:** Net margin at 53.1%, up from 27.2% YoY. - **Cash Flow:** $68.1 million from operations, up from -$20.2 million YoY. - **Earnings Changes:** EPS at $292.15, up from $94.27 YoY. **Performance Metrics:** - **Gross Premiums Written:** $212.2 million, up 43.9% YoY. - **Net Premiums Earned:** $65.4 million, up 66.5% YoY. - **Loss Ratio:** 30.9%, down from 49.9% YoY. - **Expense Ratio:** 12.0%, down from 26.0% YoY. - **Combined Ratio:** 42.9%, down from 75.9% YoY. **Trends & Uncertainties:** - **Citizens Take-Out Program:** Significant participation, assuming 68,844 policies in 2024 and 16,632 in Q1 2025. - **Seasonality:** High exposure to hurricane season from June to November. - **Reinsurance:** Ceded 68.9% of gross premiums in Q1 2025. - **Regulatory Environment:** Subject to extensive regulation in Florida. **Future Operations Impact:** - **Growth Initiatives:** Dependent on capital and market conditions. - **Risk Management:** Focus on underwriting, reinsurance, and risk mitigation strategies. - **Capital Allocation:** Balancing organic growth with stockholder returns. **Conclusion:** American Integrity Insurance Group, Inc. (AII) showed strong Q1 2025 performance with significant revenue and earnings growth. The company's strategic participation in the Citizens Take-Out Program and effective risk management have driven these results. However, AII faces uncertainties related to seasonality, regulatory environment, and market conditions. The company's focus on growth initiatives and capital allocation will be crucial for sustaining future operations.