American Integrity Insurance Group, Inc. (AII) SEC Filings & Earnings Calls

Catastrophe loss exposure

“Climate change has the potential to influence the occurrence and intensity of natural disasters, including convective storms, hurricanes, tornadoes, hailstorms, severe winter storms, and flooding, among others.” · word for word

Reinsurance availability and cost

“Our ability to implement an effective reinsurance strategy is dependent, in part, on the cost and availability of reinsurance coverage.” · word for word

Geographic concentration in Florida

“Florida represented 92.0% of our policies in-force as of June 30, 2026.” · word for word

Concentration in Florida market; exposure to catastrophe losses.

“Company operates primarily in Florida, a hurricane-prone region. Reinsurance renewal reduced retention but catastrophe risk remains.”

Reinsurance cost escalation

“Ceded catastrophe excess of loss premiums ratio increased 5.2 percentage points, to 46.6% for the three months ended March 31, 2026 from 41.4% for the three months ended March 31, 2025.” · word for word

Climate change catastrophe exposure

“Climate change has the potential to influence the occurrence and intensity of natural disasters, including convective storms, hurricanes, tornadoes, hailstorms, severe winter storms, and flooding, among others.” · word for word

Inflationary pressure on claims costs

“We may be adversely affected during periods of high inflation, primarily because of increased labor and material costs, which could cause claims and claim expenses to increase.” · word for word

Combined ratio deterioration from 42.9% to 75.0% signals margin pressure despite premium growth.

“Combined ratio 75.0% vs 42.9% YoY; loss ratio 37.3% vs 30.9%.”

Reduction in Citizens take-out policies reduces a source of low-cost premium growth.

“Assumed 584 policies from Citizens vs 16,632 in Q1 2025.”

Policy acquisition expenses surged to $16.0M from $3.1M, partly due to lower ceding commissions.

“Policy acquisition expenses increased by $12.9 million to $16.0 million.”

Cayman Islands incorporation limits shareholder protections

“The rights of our shareholders and the fiduciary duties of our directors under Cayman Islands law may be narrower in scope or less developed than they would be under statutes or judicial precedent in some jurisdictions in the United States.”

China regulatory and enforcement risks

“It may be difficult for overseas regulators to conduct investigations or collect evidence within China. ... According to Article 177 of the PRC Securities Law ... no overseas securities regulator is allowed to directly conduct investigation or evidence collection activities within the territory of the PRC.”

PFIC status risk for U.S. investors

“There can be no assurance that we will not be a passive foreign investment company, or PFIC, for the current or any future taxable year, which could result in adverse U.S. federal income tax consequences to U.S. investors in the ADSs or our Class A ordinary shares.”

Limited voting rights for ADS holders

“The voting rights of holders of the ADSs are limited by the terms of the deposit agreement, and you may not be able to exercise your right to direct the voting of the Class A ordinary shares represented by your ADSs.”

Catastrophe Weather Exposure

“Florida is a complex property insurance market with a distinct regulatory environment and risk profile due to its geographic location, population centers concentrated along the coast, and elevated threat of property damage from catastrophic weather events including hurricanes.” · word for word

Regulatory Dependency

“We believe the significant regulatory reform bills passed in December 2022 by the Florida legislature are significantly improving the property insurance underwriting environment in the state.” · word for word

Reinsurance Cost Volatility

“We have historically purchased reinsurance in-line with, and occasionally in excess of, what regulators and rating agencies require and in amounts that we believe are conservative.” · word for word

Dependence on Florida residential property insurance market exposes company to hurricane and catastrophe risk.

“Company is a Florida-based property and casualty insurance holding company and one of Florida’s leading providers of residential property insurance.”

Reduction in Citizens take-out policies may limit growth from that channel.

“Assumed 7,972 policies from Citizens, compared to 68,198 policies assumed in the fourth quarter of 2024. Take-outs decreased as fewer policies from Citizens met our underwriting and targeted profitability standards.”

Florida concentration risk

“Because we conduct substantially all of our business in Florida, our financial results depend on the regulatory, legal, economic and weather conditions in Florida.” · word for word

Catastrophe exposure

“As a property and casualty insurer, we may face significant losses, and exposure to catastrophic events and severe weather conditions may cause our financial results to significantly vary from period to period.” · word for word

Reserve adequacy risk

“Our loss reserves are estimates and may be inadequate to cover our actual liability for losses, which could adversely affect our business.” · word for word

Reinsurance availability risk

“Reinsurance coverage may not be available to us in the future at commercially reasonable rates, or at all.” · word for word

Dependence on Florida legislative reform and benign catastrophe environment; adverse weather could impact results.

“Legislative reform in Florida continues to have a profound and positive impact... benign catastrophe environment through the third quarter” · word for word

Increased reinsurance costs due to higher coverage purchased.

“The Company purchased more reinsurance coverage compared to prior years, reflecting an increase in in-force premium and total insured value (TIV).” · word for word