American Integrity, a Tampa-based property and casualty insurance company, reported full-year net income of $97.4 million in 2025, a significant increase from $38 million in 2024.
Chief executive Robert Ritchie said 2025 was a “defining chapter” in the company’s history.
In 2025, the company’s gross premium income will reach $885 million, an increase of 29.7% from 2024.
At the same time, underwriting performance has strengthened significantly, with the combined ratio falling by 17.2 percentage points from 80.9% in 2024 to 63.7% in 2025.
The company’s loss rate also improved, falling to 38.7%.
American Integrity’s earnings metrics show similar momentum, with return on equity rising to 39.9% in 2025 from 26.8% in 2024, and adjusted return on equity rising to 42.1%.
Net investment income increased 53.1% year-over-year to $21.7 million.
Ritchie added: “Our full-year results are further evidence of the strength of our business, ending 2025 with nearly 422,000 policies in force, having surpassed 400,000 policies in August this year, a significant milestone in our company’s history.”
In the fourth quarter of 2025 alone, American Integrity’s net income was $20.9 million, compared with $8 million in the fourth quarter of 2024. Gross premiums written in the fourth quarter of 2025 increased $29.3 million to $229.1 million.
According to American Integrity, growth in gross premiums during the quarter was primarily driven by new and renewed policies written in the voluntary market and strategic participation in the Citizen Takeout program.
Ritchie concluded: “Our policy growth and financial performance are a direct result of our hard work over the past two decades in nurturing our distribution network.
“We have established a strong market presence in Florida’s residential insurance market and by 2025 will be the seventh-largest voluntary policy underwriter among all insurance companies in Florida and the third-largest when excluding Citizens and State Insurance Companies.
“This is a direct result of our agency partners, and we believe we will achieve further success as we execute on our growth plans focused on entering the Florida tri-county region, expanding into the mid-life residential market, recently launching our commercial residential product, and entering North Carolina.
“We have multiple growth vehicles that we believe will drive our expansion in the coming years and create significant value for our shareholders.
“Importantly, we will remain disciplined and pursue a responsible growth path as we work to maintain a strong balance sheet built specifically for weather cycles and support our insureds and distribution partners.”
