American Integrity Insurance Group, Inc. 10-Q

Financial Statements (unaudited)

Item 1. Condensed Consolidated Financial Statements (unaudited) American Integrity Insurance Group, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (In thousands, except share and per share data) June 30, 2026 December 31, 2025 (unaudited) Assets Fixed maturities, available-for-sale, at fair value (amortized cost of $ 346,989 and $ 327,910 , respectively) $ 346,427 $ 330,489 Short-term investments (amortized cost of $ 4,739 and $ 18,121 , respectively) 4,738 18,121 Total investments 351,165 348,610 Cash and cash equivalents 288,453 203,902 Restricted cash and cash equivalents 55,419 40,217 Premiums receivable, net 59,104 45,031 Accrued investment income 3,163 3,458 Prepaid reinsurance premiums 519,574 275,093 Income taxes recoverable 1,545 — Reinsurance recoverable, net 247,916 269,056 Deferred policy acquisition costs, net 22,414 5,127 Property and equipment, net 8,951 5,718 Right-of-use assets – operating leases 38,452 449 Deferred income tax asset, net 5,116 8,636 Other assets 11,009 24,904 Total assets $ 1,612,281 $ 1,230,201 Liabilities and shareholders’ equity Liabilities: Unpaid losses and loss adjustment expenses $ 254,178 $ 266,591 Income tax payable — 2,680 Unearned premiums 555,130 481,557 Reinsurance payable 341,609 96,555 Advance premiums 21,847 11,752 Long-term debt 412 618 Lease liabilities – operating leases 33,065 458 Other liabilities and accrued expenses 36,521 32,968 Total liabilities $ 1,242,762 $ 893,179 Shareholders’ equity: Common stock, $ 0.001 par value, 100,000,000 shares authorized, 19,593,427 shares issued and outstanding at June 30, 2026 and 19,579,009 shares issued and outstanding at December 31, 2025 $ 20 $ 20 Additional paid-in capital 106,656 105,896 Accumulated other comprehensive income (loss), net of taxes ( 420 ) 1,928 Retained earnings 263,263 229,178 Total shareholders’ equity $ 369,519 $ 337,022 Total liabilities and shareholders’ equity $ 1,612,281 $ 1,230,201 See accompanying notes to unaudited condensed consolidated financial statements. 2 Table of Contents American Integrity Insurance Group, Inc. and Subsidiaries Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) (In thousands, except share and per share data) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Revenues: Gross premiums written $ 326,592 $ 286,995 $ 546,596 $ 499,145 Change in gros