Quarterly ResultMay 12, 2026, 04:23 PM
American Integrity Q1 Net Income $19.9M, EPS $1.02; Down 47.7%
AI Summary
American Integrity Insurance Group, Inc. reported its first quarter 2026 financial results, with net income available to common shareholders decreasing 47.7% to $19.9 million, or $1.02 per diluted share, compared to Q1 2025. This decline was primarily attributed to less windfall from the Citizens take-out program, partially offset by growth in the voluntary market. Despite the decrease in profitability metrics like net income and return on equity, the company achieved a 25.7% increase in net premiums earned to $82.2 million and a 14.1% growth in policies-in-force to 437,308. The company also paid a $20.0 million special cash dividend to stockholders during the quarter.
Key Highlights
- Net income available to common shareholders was $19.9 million, down 47.7% YoY.
- Diluted EPS was $1.02, compared to $2.78 in Q1 2025.
- Net premiums earned increased 25.7% to $82.2 million.
- Policies-in-force grew 14.1% to 437,308 at March 31, 2026.
- Combined ratio was 75.0%, up from 42.9% in Q1 2025.
- A $20.0 million special cash dividend was paid to stockholders.
- Gross premiums written increased 3.7% to $220.0 million.
- Return on equity was 23.7%, down from 87.5% in Q1 2025.