American Integrity Insurance Group is a Florida-focused residential property insurer. Through its insurance carrier subsidiary, the company provides homeowners insurance to single-family homeowners and condo owners primarily in Florida, with a smaller and growing presence in Georgia, South Carolina, and North Carolina. American Integrity distributes policies through independent agents, homebuilder-affiliated agents (serving buyers of new homes from builders like D.R. Horton, Lennar, and Pulte), and referral partnerships with national carriers like Allstate and Progressive that have pulled back from Florida. The company also assumes policies from Citizens Property Insurance — Florida's state-run insurer of last resort — through a depopulation process, though management expects this volume to decline. Reinsurance is central to the business model: American Integrity writes gross premiums and cedes a substantial portion to reinsurers through catastrophe excess-of-loss and quota share arrangements, retaining a much smaller share of net premium. The company is reducing its non-catastrophe quota share cession rate from 40% to 25% in 2026 to retain more of its earned premium. Investment income from a short-duration, investment-grade fixed income portfolio is a secondary earnings stream. Growth initiatives include re-entering the Miami-Dade, Broward, and Palm Beach tri-county market, expanding into middle-aged homes, launching a commercial residential product for HOAs and condo associations, and growing its Southeast footprint through existing homebuilder agent relationships.