AI-extracted from the 10-Q filed 2026-08-13 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 FY2026 revenue rose 55% YoY to $115.2M as net premiums earned jumped 58% on a cut to quota share reinsurance ceding, driving the combined ratio down to 63.4% from 72.9% and net income up 24% to $34.1M.
Biggest Revenue Drivers
Net premiums earned$104.7M+58.2% YoY
Higher gross premiums earned plus lower ceded premiums earned from the reduction of the non-catastrophe quota share arrangement.
Net investment income$6.3M+30.8% YoY
Increase in invested assets driven by increased in-force premiums and IPO proceeds.
Biggest Revenue Drivers
Total revenue: $115.2M+55% YoY
Net premiums earned$104.7M+58.2% YoY
Higher gross premiums earned plus lower ceded premiums earned from the reduction of the non-catastrophe quota share arrangement.
Net investment income$6.3M+30.8% YoY
Increase in invested assets driven by increased in-force premiums and IPO proceeds.
Policy fees$3.7M+25.1% YoY
Increase in policies written during the quarter.
Other income$0.5M+$0.4M YoY
Largest Expense Items
Losses and loss adjustment expenses, net$33.2M+56.5% YoY
Higher net premiums earned and reduction of non-catastrophe quota share reinsurance from 40% to 25% on January 1, 2026.
General and administrative expenses$18.2M-20.7% YoY
Absence of one-time IPO-related expenses incurred in the prior-year quarter.
Policy acquisition expenses$17.4M+177.2% YoY
More policies written, less ceding commission from the quota share reduction, and the prior-year quarter benefiting from low-cost Citizens take-outs.
Margins: Combined ratio improved to 63.4% from 72.9% YoY as the expense ratio fell to 32.8% (from 42.3%) on the absence of one-time IPO costs, while the loss ratio held flat at 30.6%.
Watch Items from the Filing
Florida represented 92.0% of policies in-force as of June 30, 2026, concentrating the book's exposure to hurricane and legislative/regulatory risk in a single state.
Cutting the quota share ceding commission from 40% to 25% effective January 1, 2026 raised retained premiums but also increased ceded-back losses and acquisition/G&A expenses, complicating period-over-period comparisons.
Management expects Citizens take-outs to be a smaller share of gross premiums written in 2026 versus 2024-2025, removing a prior growth and margin tailwind.
The company disclosed an immaterial prior-period revision to unearned ceding commission and reinsurance payable as of December 31, 2025 and March 31, 2026.
No single customer represents more than 10% of revenue, limiting customer concentration risk.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Ritchie Jon PPresidentShares withheld for tax or exercise price · May 7, 2026
Foley BrianChief Financial OfficerGrant or award · Apr 6, 2026
Lurie Benjamin AChief Financial OfficerGrant or award · Mar 2, 2026
About American Integrity Insurance Group, Inc. (AII): stock profile, AI score and financials
American Integrity Insurance Group, Inc. (AII) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores AII at 63.2/100 on a composite quality score built from its SEC filings, placing it at rank #637 of 2,925 stocks — the top 25% of the AI-ranked universe. AII scores in the top quartile across free cash flow (94.7), revenue growth (84.7), profitability (81.5). Areas of concern include institutional flow (13.9) and revenue scale (31.4), which score below median versus the broader universe. Shareholder dilution risk is elevated at 27.7/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), American Integrity Insurance Group, Inc. reports quarterly revenue of $115.2M, net income of $34.1M, an operating margin of 40.3%. AII trades on the NYSE exchange and files with the SEC under CIK 2007587. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate AII daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for American Integrity Insurance Group, Inc. directly from SEC EDGAR.