XML 12 R2.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Assets    
Fixed maturities, available-for-sale, at fair value (amortized cost of $327,571 and $214,505, respectively) $ 329,883 $ 214,045
Short-term investments (amortized cost of $27,098 and $0, respectively) 27,098 0
Total investments 356,981 214,045
Cash and cash equivalents 144,784 173,220
Restricted cash 39,540 6,052
Premiums receivable, net 54,172 51,594
Accrued investment income 3,183 2,174
Prepaid reinsurance premiums 444,042 268,254
Reinsurance recoverable, net 371,882 462,097
Property and equipment, net 6,255 1,843
Right-of-use assets – operating leases 992 2,498
Deferred income tax asset, net 6,655 0
Other assets 5,194 16,368
Total assets 1,433,680 1,198,145
Liabilities:    
Unpaid losses and loss adjustment expenses 363,445 475,708
Income tax payable 1,304 11,873
Unearned premiums 504,281 421,881
Reinsurance payable 177,568 56,348
Advance premiums 20,812 6,561
Deferred income tax liability, net 0 1,122
Long-term debt 721 1,029
Lease liabilities – operating leases 1,028 2,612
Deferred policy acquisition costs, net of unearned ceding commissions 22,897 31,931
Other liabilities and accrued expenses 25,744 26,688
Total liabilities 1,117,800 1,035,753
Shareholders' equity    
Common stock, $0.001 par value, 100,000,000 shares authorized, 19,576,804 shares issued and outstanding at September 30, 2025 and 12,904,495 shares issued and outstanding at December 31, 2024 [1] 20 13
Additional paid-in capital [1] 105,821 10,274
Accumulated other comprehensive loss, net of taxes [1] 1,729 (327)
Retained earnings [1] 208,310 152,432
Total shareholders’ equity [1] 315,880 162,392
Total liabilities and shareholders’ equity $ 1,433,680 $ 1,198,145
[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 13 — “Earnings Per Share.”