AII Posts Record Q2 Pre-Tax Income of $46.4M; Voluntary New Business Surges 54%

summarizeSummary

American Integrity reported record Q2 2026 pre-tax income of $46.4 million, fueled by a 54% surge in voluntary new business and a combined ratio that improved to 63.4%. The company also renewed its catastrophe reinsurance program with significant rate reductions, strengthening its earnings outlook.

check_boxKey Events · Earnings and Guidance · AII

• Record Pre-Tax Income

  Q2 2026 pre-tax income reached $46.4 million, a new quarterly record, with net income of $34.1 million ($1.74 diluted EPS). Adjusted net income was $34.9 million ($1.78 diluted EPS).

• Voluntary New Business Surge

  Voluntary new business policies sold rose 54% year-over-year to 43,000, driving gross premiums written up 14% to $327 million. Policies in-force grew 16% to 461,714.

• Underwriting Profitability Improvement

  The combined ratio improved to 63.4% from 72.9% a year ago, reflecting a lower expense ratio (32.8% vs. 42.3%) and stable loss ratio (30.6%). Net premiums earned jumped 58% to $104.7 million.

• Favorable Reinsurance Renewal

  The 2026-2027 catastrophe excess-of-loss program was renewed with risk-adjusted rate decreases at the upper end of 15-20%, while reducing aggregate retention from $95 million to $75 million.

auto_awesomeAnalysis · AII · Finance

American Integrity delivered its strongest quarterly pre-tax profit ever, driven by a 54% jump in voluntary new business policies and a sharp improvement in the combined ratio to 63.4%. The company also locked in a favorable catastrophe reinsurance renewal at the high end of 15–20% risk-adjusted rate declines, which should widen underwriting margins going forward. These results reinforce the narrative that AII is successfully pivoting from Citizens take-outs to higher-quality organic growth, with retention rates climbing to 84% and expansion into Tri-County Florida and middle-aged homes gaining traction.