American Integrity Insurance Group, Inc. (AII) announced a secondary public offering of 3 million shares of its common stock at a price of $20.00 per share. The offering is being conducted by certain selling shareholders and includes a 30‑day option for the underwriters to purchase up to an additional 450,000 shares at the same price, which would raise a maximum of $9 million in gross proceeds.
Because this is a secondary offering, the company does not receive any of the proceeds. The shares are sold by existing shareholders who are looking to monetize their holdings after the lock‑up period that followed the company’s May 9, 2025 IPO. The transaction therefore provides liquidity to those shareholders rather than additional capital to the company.
American Integrity has posted strong growth in recent quarters. In the first quarter of 2025, gross premiums written rose 43.9% and net premiums earned increased 66.5% year over year, while the combined ratio fell to 42.9%. In the third quarter, gross premiums written grew 48.5% and policies in‑force expanded 48.6%, underscoring the company’s expanding market share in the residential property insurance sector.
The company’s strategy includes a significant assumption of policies from Citizens Property Insurance Corporation. In November 2025, it assumed 7,087 policies, adding roughly $25.8 million in annualized premium. This move aligns with Florida’s recent legislative reforms that encourage the return of policies to the private market, and it supports American Integrity’s goal of expanding its footprint in the Southeast.
Secondary offerings by selling shareholders typically increase the supply of shares in the market, which can create downward pressure on the stock price. Investors often interpret such transactions as a signal that early investors are seeking liquidity, and the market adjusts accordingly. The company’s strong financial performance and strategic initiatives remain unchanged, but the offering reflects the normal lifecycle of a public company after an IPO.
American Integrity’s leadership remains focused on leveraging the growth opportunities created by Florida’s market reforms and the broader expansion of its policy portfolio. The secondary offering provides liquidity to early investors while the company continues to invest in underwriting and risk‑management capabilities to sustain its growth trajectory.
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