American Integrity Insurance Group, a Florida-based provider of personal residential property insurance, raised $110 million by offering 6.9 million shares at $16, within the range of $15 to $17.
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 (98.6% of direct premiums written and 97.6% of policies in-force in 2024). 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 plans to list on the NYSE under the symbol AII. Keefe Bruyette Woods, Piper Sandler, William Blair, Citizens JMP, and Raymond James acted as joint bookrunners on the deal.
