American Integrity Insurance Q1 adjusted EPS beats estimates

American Integrity Insurance

12/05/2026 21:27

Overview

Florida property insurer's Q1 net premiums earned rose 26% yr/yr, driven by voluntary market growth

Adjusted EPS for Q1 beat analyst expectations

Company paid $20 mln special cash dividend in Q1

Outlook

Company did not provide specific financial guidance for the current quarter or full year

Result Drivers

VOLUNTARY MARKET GROWTH - Increase in net premiums earned was primarily driven by growth in voluntary market writings, including higher new and renewal business, especially in the Tri-County region and middle-aged homes in Florida

CITIZENS TAKE-OUT WINDDOWN - Decrease in adjusted net income was mainly due to a smaller windfall from the Citizens take-out program compared to the prior year

REINSURANCE STRUCTURE CHANGE - Reduction in non-catastrophe quota share reinsurance from 40% to 25% led to lower ceding commissions and higher expenses

Company press release: ID:nBw6rYB4Ga

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Beat
$1.03
$0.99 (6 Analysts)
Q1 EPS
$1.02
Q1 Net Income
$19.91 mln
Q1 Combined Ratio
75.00%
Q1 Pretax Profit
$27.26 mln
Q1 Return On Equity
23.70%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the property & casualty insurance peer group is "buy"

Wall Street's median 12-month price target for American Integrity Insurance Group Inc is $25.50, about 28.9% above its May 11 closing price of $19.79

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)