Business Description

Who We Are We are a profitable and growing insurance group headquartered in Tampa, Florida. Through our insurance carrier subsidiary, American Integrity Insurance Company (“AIIC”), we provide personal residential property insurance for single- family homeowners and condominium owners, as well as coverage for vacant dwellings and investment properties, predominantly in Florida. Florida represented 93.7% of our policies in-force as of December 31, 2025 and 96.5% of our in- force premium as of December 31, 2025. We were the sixth largest writer of residential property insurance in Florida based on policies in-force (fifth excluding Citizens and national carriers) as of December 31, 2025 and wrote the seventh most residential policies in Florida (third excluding Citizens and national carriers) during the year ended December 31, 2025 according to data compiled by the Florida Office of Insurance Regulation ( “ FLOIR ” ), making us a leading specialty residential property insurer in the state. We have been a stable, disciplined provider of residential insurance coverage in Florida for more than 20 years. Our management team founded our company in 2006 to capitalize on dislocation in the Florida residential property insurance market following the 2004 and 2005 hurricane seasons, in which a number of severe hurricanes resulted in record insured property losses and caused a number of national insurance companies to retreat from writing residential property insurance in the state. As of December 31, 2025, our policies in-force were 421,866 , and for the year ended December 31, 2025, our gross premiums written were $944.6 million. PIF Count (000s) GPW ($MM) 10.4 % CAGR 14.0 % CAGR Florida has a large and growing population with a growing residential property insurance market. According to the U.S. Census Bureau, Florida was the third most populous state in the United States, with 23.4 million residents as of July 1, 2025, and recorded the second fastest population growth rate of all states in the United States from 2024 to 2025. Population growth supports growth in the property insurance market, which creates opportunity for insurance carriers with specialized expertise to profitably underwrite property insurance in the Florida market. 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, requiring a tailored approach to providing insurance coverage. We believe that consistently delivering underwriting profits in this market requires a high level of focus and specialization. This level of specialization requires localized knowledge, market-specific expertise, granular and analytical underwriting and claims management, extensive historical data, effective use of technology, and a deep understanding of Florida’s regulatory environment - all of which we believe we have developed over our 20-year history writing residential property insurance in Florida. We believe this expertise is transferable and repeatable in other Southeastern coastal states, including South Carolina, North Carolina and 2 Georgia. For example, in January 2026, we announced that we began offering our homeowners insurance product to North Carolina residents, representing a strategic extension of our footprint beyond Florida, Georgia, and South Carolina. Through active monitoring of local market conditions and prudent risk selection and capital allocation, we seek to be a stable and reliable insurance market for our policyholders and distribution partners, and to consistently deliver best-in-class profitability and value creation for our stockholders. As of December 31, 2025, we had 421,866 policies in-force. For the year ended December 31, 2025 we produced gross premiums written of $944.6 million, net premiums written of $270.9 million, net income of $99.6 million, and adjusted net income of $105.2 million. At December 31, 2025, we had total shareholders’ equity of $337.0 million. For a reconciliation of adjusted net income to the most directly comparable GAAP measure, see “ Management’s Discussion and Analysis of Financial Condition and Results of Operations - Non-GAAP Financial Measures. ” Our history of profitability and prudent exposure management is matched by our commitment to innovation.…