Tampa-based P&C insurer American Integrity reported net income of $97.4 million for the full year 2025, a significant increase from $38 million in 2024.
Chief Executive Officer Robert Ritchie said 2025 represented a “defining chapter” in the company’s history.
The firm’s gross premiums earned reached $885 million in 2025, reflecting 29.7% growth compared with 2024.
At the same time, underwriting performance strengthened significantly, with the combined ratio improving to 63.7% in 2025, a decline of 17.2 percentage points from 80.9% in 2024.
The company’s loss ratio also improved, falling to 38.7%.
American Integrity’s profitability metrics showed similar momentum, with return on equity reaching 39.9% in 2025, up from 26.8% in 2024, while adjusted return on equity rose to 42.1%.
Net investment income climbed 53.1% year over year, reaching $21.7 million.
“Our full year results are a further testament to the strength of our business, as we ended 2025 with almost 422,000 policies in-force, having surpassed 400,000 policies this past August, a significant milestone in our Company’s history,” Ritchie added
For Q4 2025 alone, American Integrity’s net income was $20.9 million, compared to $8 million in Q4 2024. Gross premiums earned in Q4 2025 increased by $29.3 million to $229.1 million.
According to American Integrity, the increase in gross premiums earned during the quarter was driven primarily by new and renewal policies written through the voluntary market and from its strategic participation in the Citizens take-out program.
Ritchie concluded, “Our policy growth and financial results are the direct result of our efforts over the last two decades cultivating our distribution network.
“We have built a strong market presence in the Florida residential insurance market, where we were the 7th largest writer of voluntary policies in Florida in 2025 amongst all carriers, and the 3rd largest when excluding Citizens and national carriers.
“This is the direct result of our agent partners and we believe positions us for further success as we execute our growth initiatives focused on our entry into the Tri-county region of Florida, our expansion into the middle-aged home market, recent launch of our commercial residential product and entry into North Carolina.
“We have multiple growth vectors, which we believe will fuel our expansion in the years to come and create substantial value for our stockholders.
“Importantly, we will remain disciplined and pursue a path of responsible growth, as we strive to maintain a strong balance sheet purposefully built to weather cycles and be there to support our insureds and distribution partners.”
