Tampa-based property and casualty insurance holding company, American Integrity Insurance Group, reported a net income of $34.1 million, 14% year over year growth in gross premiums written, and an improved combined ratio of 63.4% in the second quarter of 2026.
Q2 2026 net income increased 24.2% compared to $27.5 million seen in Q2 2025. Adjusted net income was $34.9 million, while income before income taxes stood at $46.4 million, a new quarterly record for American Integrity.
Gross premiums written in Q2 2026 increased 14% to $326.6 million, from $287.0 million Q2 2025, primarily driven by growth in the insurer’s voluntary market writings.
As of June 30, 2026, total policies in-force and in-force premium reached 461,714 and $1,029 million, respectively, up 15.7% and 11.7%, respectively, over June 30, 2025.
American Integrity also wrote 126,308 new and renewal policies in the voluntary market, an increase of 27.9% compared to Q2 2025. The quarter also saw 7,636 voluntary new business policies in Tri-County region of Florida compared to 185 in Q2 of 2025, a 41x increase.
According to the insurer, the increase in policies in-force was primarily due to new policies written through the voluntary market and the 2025 Citizens take-outs.
American Integrity also reported 9,062 voluntary new business policies in its middle-aged home category compared to 437 in the second quarter of 2025, a 21x increase. The insurer saw a stable premium per policy year-over-year across its overall book.
Net premiums earned of $104.7 million in Q2 2026, an increase of 58.2% compared to $66.2 million seen in Q2 2025.
Combined ratio in this year’s second quarter stood at 63.4%, improving from the 72.9% seen in the second quarter of 2025.
Losses and loss adjustment expenses (LAE) for Q2 2026 rose to $33.2 million from $21.2 million in the same period last year. LAE expenses ratio was 30.6% for the quarter, which was consistent with Q2 2025 of 30.6%.
The net underlying loss and loss adjustment expense ratio was 30.6% for Q2 of 2026, down from 33.1% for the same period the year prior.
During Q2 2026, American Integrity successfully renewed the 2026-2027 catastrophe excess of loss (CAT XOL) reinsurance program, effective June 1, 2026, providing $3 billion of total third-party catastrophe coverage at a total estimated cost of $430 – $440 million.
The insurer benefitted from the upper end of 15-20% CAT XOL risk-adjusted rate decreases, while retaining its 1-in-130 year probable maximum loss level and reducing its aggregate retention from $95 million to $75 million.
Robert Ritchie, Chief Executive Officer, commented: “We produced record voluntary new business policies and pre-tax earnings in the second quarter, which reflect continued momentum across our business and strong execution against our strategic priorities. During the quarter, we saw meaningful acceleration across each of our key growth initiatives, including the Tri-County region of Florida, middle-aged homes and our expansion states.”
Mr. Ritchie continued, “We also successfully completed our June 1 reinsurance renewal, improving our overall risk profile while benefiting from meaningful risk adjusted reductions in reinsurance costs. Combined with the continued benefits of Florida’s legislative reforms, we believe we are operating from a position of considerable strength and momentum and remain well positioned to deliver profitable growth and long-term value for our stockholders.”
The post American Integrity reports 24% net income growth and $326 GWP for Q2’26 appeared first on ReinsuranceNe.ws.
