Florida reforms underpin strong Q3’25 results for American Integrity

Tampa-based property and casualty insurance holding company, American Integrity Insurance Group, has disclosed gross premiums written of $239.1 million in Q3 2025, an increase of 48.5% compared to the same quarter of 2024.

Meanwhile, gross premiums earned in Q3 2025 rose 34.2% to $221.9 million from $165.4 million a year earlier, while net premiums earned increased 28.5% to $52 million from $40.5 million.

According to the firm, these increases were driven primarily by new and renewal policies written through the voluntary market and from its strategic participation in the Citizens Property Insurance Corporation take-out program.

American Integrity’s losses and loss adjustment expenses for Q3 2025 increased 18.5% to $29.7 million compared to $25 million for the same quarter of 2024, reportedly driven primarily by higher gross premiums earned.

The loss ratio was 54.1% for the third quarter of 2025, compared to 59% for the third quarter of 2024.

However, the firm’s combined ratio was 78.9% in Q3 2025, greatly improved compared to the 94.3% posted in Q3 2024.

With all this in mind, American Integrity’s Q3 2025 net income available to common shareholders was $13.2 million, while adjusted net income available to common shareholders was $14 million, both improvements over last year.

The firm’s Q3 2025 net investment income also increased a massive 83.8% to $6.9 million, which was primarily driven by an increase in invested assets driven by the increased premiums in-force and .

Robert Ritchie, CEO of American Integrity, commented, “We delivered another quarter of robust results, driven by the strength of our distribution partnerships and a favourable market environment. Legislative reform in Florida continues to have a profound and positive impact, contributing to stability in non-catastrophe loss frequency and severity, along with a benign catastrophe environment through the third quarter of 2025.

“I’m pleased with our performance and am even more energised by the opportunities ahead to expand our business and deliver lasting value for our shareholders. Our re-entry into the Tri-County region of Florida is well underway and gaining momentum.

“This expansion represents a significant new market opportunity that we expect will support sustained voluntary policy growth through 2026.

“We’ve also refocused our sales and production teams on Florida’s middle-aged home segment, another large and underpenetrated market. In addition, we recently entered the commercial residential market and expect to issue our first policies in the fourth quarter.

“As we pursue these multiple avenues for growth, we remain grounded in our core values and unwavering in our commitment to disciplined underwriting, prudent risk management, and responsible expansion.

“We believe the foundation we’ve built, anchored in integrity, focus, and resilience, positions American Integrity to thrive in any market environment and continue to create long-term shareholder value.”