AI

American Integrity Insurance Group, Inc.

AII·NYSE

$16.59

-1.0%
Financial ServicesInsurance - Property & Casualty

American Integrity Insurance Group, Inc. is an insurance provider that offers a range of coverage options, including policies for homeowners, new home construction, vacant homes, condos, rental and seasonal dwellings, manufactured homes, and golf carts. The company also provides insurance for watercraft and services like binding arbitration.

At a Glance

Live Snapshot
Market Cap$325.01M
EPS5.7800
P/E Ratio2.87
Earnings Date06/08/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

High confidence

Valuation multiple is compressed (P/E 2.9).

Valuation inputs: P/E 2.9, earnings yield +34.8%, momentum -1.0%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is strong (ROE +29.6%, ROIC +38.2%).

Profitability stack: net margin +36.0%, ROE +29.6%, ROIC +38.2%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +72.5%, momentum -1.0%, net margin +36.0%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

a

American Integrity Insurance Group, Inc. Market vs Earnings Trajectory

AII · NYSE

Loading price and EPS data...

AI

American Integrity Insurance Group, Inc. Fair Value Envelope

AII · NYSE

Our analysis suggests that AII has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $16.59, this represents a potential HIDDEN relative to our calculated worth for American Integrity Insurance Group, Inc..

Intrinsic Value
Current Price: $16.59
3Y+214.0%
5Y+214.0%
10Y+214.0%
3Y+38.0%
5Y+38.0%
10Y+38.0%
3Y+164.0%
5Y+164.0%
10Y+164.0%
3Y+114.0%
5Y+114.0%
10Y+114.0%
3Y+109.0%
5Y+109.0%
10Y+109.0%
3Y+42.0%
5Y+42.0%
10Y+42.0%
AI

American Integrity Insurance Group, Inc. Profit Bridge

AII · NYSE
Revenue276.49M
Cost of Goods Sold (98.03M)
Gross Profit178.45M
Operating Expenses (63.39M)
Operating Income115.06M
Interest Expense (0.00)
Other Income/Expense0.00
Pretax Income115.06M
Income Tax (15.44M)
Net Income99.62M
Net Income
99.62M

Profitability Analysis

Gross Margin

64.5%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

41.6%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

36.0%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

13.4%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

64.54%
Gross Profit Margin
61%
3Y+64.0%
5Y+64.0%
10Y+64.0%
41.61%
Operating Profit Margin
67%
3Y+87.0%
5Y+87.0%
10Y+87.0%
36.03%
Net Profit Margin
85%
3Y+91.0%
5Y+91.0%
10Y+91.0%
29.56%
Return on Equity
21%
3Y+5.0%
5Y+5.0%
10Y+5.0%
8.13%
Return on Assets
145%
3Y+85.0%
5Y+85.0%
10Y+85.0%
38.16%
Return on Invested Capital
-185%
3Y+704.0%
5Y+704.0%
10Y+704.0%
A

American Integrity Insurance Group, Inc. Cash Conversion Engine

AII · NYSE
Net Income99.62M
Depreciation & Amortization2.28M
Stock-Based Compensation0.00
Change in Working Capital36.78M
Others-485.00K
Capital Expenditures-5.02M
Free Cash Flow133.18M

Cash Flow Quality Analysis

FCF Conversion Rate

133.7%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

3.6%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-9.8%

Declining FCF warrants attention. Investigate whether due to temporary factors or fundamental deterioration.

Working Capital Impact

+$36.78M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

a

American Integrity Insurance Group, Inc. Funding & Solvency Profile

AII · NYSE
Cash & Cash Equivalents171.18M
Net Receivables44.43M
Inventory0.00
Other Current Assets0.00
Total Current Assets216 M
Property, Plant & Equipment42.09M
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets0.00
Total Non-Current Assets42 M
Total Assets
1.18B

Financial Health Analysis

Current Ratio

45.55x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

2.50x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

211 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

18% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Mixed signals: Strong short-term liquidity provides comfort, but high overall leverage requires careful monitoring of debt servicing capabilities and refinancing risk.

a

American Integrity Insurance Group, Inc. Street Expectations Map

AII · NYSE

Wall Street analysts project that AII stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 28.00, with estimates ranging from a low of 28.00 to a high of 28.00.

Lowest Target
28.00
68.78%
Consensus Target
28.00
68.78%
Highest Target
28.00
68.78%

The consensus 1-year price target stands at 28.00, with estimates ranging from a low of 28.00 to a high of 28.00.

Analyst Consensus Analysis

Upside Potential

+68.8%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

a

American Integrity Insurance Group, Inc. Insider Positioning

AII · NYSE

During the last 12 months, insiders have purchased $200K and sold $63.74M worth of AII shares, resulting in $63.54M of net selling activity.

3 Months

Bought

11.7K

199.71K

Sold

0

0.00

Net Activity

+200K

+$200K

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

3.4M

63.74M

Net Activity

-63.7M

-$63.74M

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

1
CDL

Clark David Lewis

Director, Officer: Chairman

5.8K shares1 transactions

$100K

2
MSB

Mathis Steven B

Director

3.0K shares1 transactions

$50K

3
SSE

Smathers Steven E

Director

2.9K shares1 transactions

$49K

Top Sellers

1
SJE

Sowell James E

10 Percent Owner

2.6M shares2 transactions

$50.32M

2
RRC

Ritchie Robert C

Director, 10 Percent Owner, Officer: Chief Executive Officer

534.6K shares2 transactions

$10.16M

3
SSE

Smathers Steven E

Director

171.8K shares1 transactions

$3.26M

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $63.54M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Recent Trend (3 Months)

$200K

Very strong recent buying momentum. Recent insider purchases significantly outpace sales, suggesting near-term optimism.

Insider Participation

Balanced

3 insider buyers and 3 sellers. Equal participation suggests mixed or neutral insider views.

5.29%
Dividend Yield
3Y+335.0%
5Y+335.0%
10Y+335.0%
 

aii Dividend History

AII
10Y CAGR +0%
Latest $1.02
Annual $1.02
Stable dividend payments
Last Period: +0%