American Integrity Insurance Group, a Florida-based provider of personal residential property insurance, announced terms for its IPO on Tuesday.
The Tampa, FL-based company plans to raise $110 million by offering 6.9 million shares (9% secondary) at a price range of $15 to $17. At the midpoint of the proposed range, American Integrity Insurance Group would command a market value of $313 million.
Through its insurance carrier subsidiary, American Integrity Insurance provides personal residential property insurance for single-family homeowners and condominium owners as well as coverage for vacant dwellings and investment properties, predominantly in Florida. The company states that it is the seventh largest writer of residential property insurance in Florida based on DPW for policies in-force as of December 31, 2024.
American Integrity Insurance Group was founded in 2006 and booked $204 million in revenue for the 12 months ended December 31, 2024. It plans to list on the NYSE under the symbol AII. Keefe Bruyette Woods, Piper Sandler, William Blair, Citizens JMP, and Raymond James are the joint bookrunners on the deal. It is expected to price during the week of May 5, 2025.
