American Integrity Insurance Group (AII) assumed 7,087 policies from the Citizens Property Insurance Corporation effective November 13 2025, adding an estimated $25.8 million in annualized written premium to the company’s book. The average premium per policy is $3,640, a figure that aligns with the company’s historical pricing mix for Florida homeowners.
The assumption is part of AII’s broader depopulation strategy, which has seen the company take on nearly 100,000 Citizens policies during 2024‑2025. By adding these policies without upfront acquisition costs, AII increases its policy base and premium volume, reinforcing its disciplined, profitable expansion approach and its position as a leading private‑market participant in Florida’s insurance market.
The move supports AII’s Q3 2025 financial performance, which saw a 48.5% year‑over‑year rise in gross premiums written to $239.1 million and a net income of $13.2 million. The additional policies help maintain the company’s improving combined ratio, reflecting stronger underwriting discipline and operational efficiency in a market that has stabilized after recent legislative reforms.
Florida’s 2022 and 2023 reforms reduced litigation and created a more predictable regulatory environment, encouraging private insurers to absorb Citizens policies. AII’s May 2025 IPO, which raised approximately $81.5 million in net proceeds, provided the capital needed to accelerate its depopulation activity and expand its product offerings.
CEO Bob Ritchie noted that the reforms “restored clarity, predictability, and fairness to a market that had been destabilized by litigation abuse.” He emphasized that AII is growing responsibly and supporting homeowners as market conditions improve, underscoring the company’s commitment to responsible expansion and customer retention.
The assumption of 7,087 policies demonstrates AII’s continued momentum in Florida’s insurance market and its role in the broader depopulation effort, reinforcing the company’s growth trajectory and its ability to scale operations efficiently while maintaining underwriting discipline.
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