American Integrity Insurance Group reported its best-ever quarterly underwriting result for the three months ended June 30. The Tampa-based residential property carrier posted a combined ratio of 63.4%, down from 72.9% a year earlier. Gross premiums written reached $326.6 million, up 14% year-over-year. Pre-tax income of $46.4 million set a new quarterly record for the company.
A combined ratio below 70% represents exceptional underwriting performance. For a Florida-focused homeowners insurer, it is striking. The state spent the better part of a decade generating losses, insolvencies, and voluntary market withdrawals. CEO Robert Ritchie credited continued momentum across the company's growth initiatives and the ongoing benefits of Florida's legislative reforms.
"We believe we are operating from a position of considerable strength and momentum," Ritchie said.
Two structural changes are behind the combined ratio move. The first is Florida's 2022-2023 litigation reforms, which have sharply reduced the volume and cost of claims disputes. The Florida Office of Insurance Regulation's (OIR) July 2026 Property Insurance Stability Report puts the shift in context. Florida's share of nationwide homeowners insurance lawsuits fell from 79% in 2020 to 41% in 2025. The state's domestic property insurers posted a pooled combined ratio of 83% in 2025, the lowest in more than a decade. American Integrity's Q2 result runs well ahead of even that market average.
The second driver is reinsurance cost relief. American Integrity renewed its catastrophe excess of loss program on June 1. Risk-adjusted rate decreases came in at the upper end of a 15% to 20% range. The carrier also cut its aggregate retention from $95 million to $75 million. Ceded premiums earned fell to $137.6 million in Q2, down from $157.6 million a year earlier. That shift came primarily from reducing the non-catastrophe quota share from 40% to 25% at the start of 2026. Net premiums earned rose 58.2% to $104.7 million as a result.
American Integrity is not alone in posting these trends. As Universal Insurance Holdings reported earlier this quarter, Florida carriers are broadly moving back toward underwriting profitability as the reforms work through the claims system.
The growth figures point to a Florida residential market that is genuinely reopening. American Integrity sold 43,000 voluntary new business policies in the quarter, a record and a 54% increase over Q2 2025. Total policies in force reached 461,714 as of June 30, up 15.7% year-over-year. In-force premium crossed $1 billion.
The growth is not coming from one source. The Tri-County region of South Florida, long among the most challenging areas to write, produced 7,636 voluntary new business policies. That compares to just 185 a year earlier. Middle-aged homes generated 9,062 new policies, up from 437 in Q2 2025. Both figures point to a carrier expanding its appetite into segments it had previously restricted. That is consistent with genuine underwriting confidence rather than opportunism.
American Integrity assumed just 81 policies from Citizens Property Insurance Corporation in the quarter. The company said fewer Citizens policies met its underwriting and profitability standards. Citizens' policy count has fallen sharply since Florida's reform period began. From a peak of roughly 1.4 million policies, enrollment has dropped to levels not seen in more than a decade.
For brokers with Florida residential books, the American Integrity results add to a growing body of evidence that the market has shifted. Carrier appetite is expanding. Reinsurance costs are falling. Voluntary market capacity, which dried up after 2017, is coming back.
The market has not fully normalized. Florida still carries among the country's highest average homeowners premiums. The statewide average remains above $3,700 even as rates in many counties have started to decline. The next test for reform gains will likely be weather, not litigation. Florida avoided a major hurricane landfall in 2025. Underwriting results across the market reflect that benign loss environment as much as they reflect legislative change.
For now, the 63.4% combined ratio is a data point brokers should register. American Integrity is generating record pre-tax income with record new business volumes and falling reinsurance costs. It is a carrier in a very different position from the one writing the same risks three years ago.
