American Integrity Q2 10-Q Confirms Record Earnings, Details Reinsurance Program and Financial Statement Revision
AII sits 48% above its 52-week low of $16.19 on elevated volume (1.9× avg).
Summary
American Integrity's Q2 10-Q confirms record earnings and provides full financial statements, including a revision to prior reinsurance accounting and details of its expanded catastrophe reinsurance program.
Key Events · Earnings and Guidance · AII
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Record Q2 Earnings Confirmed
Net income of $34.1 million for Q2 2026, up from $27.5 million in Q2 2025, with diluted EPS of $1.74. Pre-tax income of $46.4 million matches the 8-K release.
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Financial Statement Revision Disclosed
Company revised prior financial statements for unearned ceding commissions and reinsurance payable, increasing deferred policy acquisition costs by $18,029 and total assets/liabilities by $5,127 as of December 31, 2025. No impact on net income or shareholders' equity.
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Expanded Catastrophe Reinsurance Program
2026-2027 program provides $2.25 billion single-event coverage and $2.99 billion total coverage, a 15.8% increase over prior year. Expected ceded premiums of $430-440 million.
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New Office Lease Commitment
Entered into a 152-month lease for 75,000 square feet in Tampa, Florida, with total future lease payments of approximately $45.7 million.
Analysis · AII · Finance
The 10-Q confirms the record Q2 results already previewed in the 8-K, but adds material new information: a revision to prior financial statements related to unearned ceding commissions, full details of the 2026-2027 catastrophe reinsurance program, and a new long-term office lease. The financial statement revision, while not impacting net income or shareholders' equity, reflects a correction in reinsurance accounting that increased deferred policy acquisition costs by $18 million. The reinsurance program details show a 15.8% increase in coverage limits, providing important context for the company's risk management ahead of hurricane season.
At the time of this filing, AII was trading at $24.00 on NYSE in the Finance sector, with a market capitalization of approximately $470.2M. The 52-week trading range was $16.19 to $26.36. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.