XML 33 R5.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenues:    
Gross premiums written $ 944,634 $ 767,678
Change in gross unearned premiums (59,676) (85,462)
Gross premiums earned 884,958 682,216
Ceded premiums earned (642,035) (500,161)
Net premiums earned 242,923 182,055
Policy fees 10,397 7,393
Net investment income 21,704 14,180
Net realized gains on investments 569 119
Other income 892 607
Total revenues 276,485 204,354
Expenses:    
Losses and loss adjustment expenses, net 98,034 90,832
Policy acquisition expenses 21,446 31,532
General and administrative expenses 41,948 30,951
Total expenses 161,428 153,315
Income before income taxes 115,057 51,039
Income tax expense 15,436 11,297
Net income 99,621 39,742
Other comprehensive income:    
Unrealized holding gains on available-for-sale securities, net of taxes 2,680 802
Reclassification adjustment for net realized gains, net of taxes (425) (94)
Total other comprehensive income 2,255 708
Comprehensive income $ 101,876 $ 40,450
Earnings per share    
Basic earnings per share (in dollars per share) [1] $ 5.65 $ 2.95
Diluted earnings per share (in dollars per share) [1] $ 5.65 $ 2.95
Weighted average shares outstanding - basic (in shares) [1] 17,235,168 12,904,495
Weighted average shares outstanding - diluted (in shares) [1] 17,235,376 12,904,495
[1] Both the number of shares outstanding and their par value have been retrospectively recast for all prior periods presented to reflect
the par value of the outstanding stock of American Integrity Insurance Group, Inc. as a result of the Corporate Contribution. See
Note 1 — “Nature of Operations and Basis of Presentation” and Note 15 — “Earnings Per Share.”