American Integrity (NYSE: AII) fully places 2026-27 CAT XOL cover
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
American Integrity Insurance Group, Inc. has fully placed its 2026-2027 indemnity-based catastrophe excess of loss reinsurance program for its subsidiary, American Integrity Insurance Company. The program increases total third-party excess of loss reinsurance limit to $2.99 billion and is designed to protect against multiple severe events.
The reinsurance structure provides $2.2 billion of third-party coverage for a single catastrophic event and combines traditional reinsurers, Insurance Linked Securities investors, the Florida Hurricane Catastrophe Fund and the company’s captive reinsurer. Net consolidated catastrophe reinsurance premiums ceded to third parties for the 2026 treaty year are expected to total $430–$440 million.
Management notes favorable market conditions, helped by a healthy reinsurance market, Florida legislative reforms and limited recent storm activity. Market observers have cited up to 20% reductions in risk-adjusted pricing, and the company believes its renewal is consistent with this trend while also reducing its net retention exposure.
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Insights
American Integrity locks in large 2026-2027 catastrophe reinsurance with lower risk-adjusted pricing.
American Integrity completed placement of a sizeable 2026-2027 catastrophe excess of loss reinsurance program, lifting total third-party excess of loss limit to $2.99 billion. For a single catastrophic event, third-party coverage totals $2.2 billion, combining traditional reinsurers, ILS investors, the FHCF and a captive reinsurer.
The company expects incurred net consolidated catastrophe reinsurance premiums ceded to third parties of $430–$440 million for the 2026 treaty year. Management cites favorable market conditions, with observers noting up to 20% risk-adjusted price reductions, and indicates the renewal aligns with that environment while improving net retention.
The press release also mentions approximately 9% growth in peak season in-force exposure versus the prior year treaty, supporting the decision to expand reinsurance limits. Subsequent company filings may provide additional detail on how this program interacts with capital, profitability and future catastrophe seasons.
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Total third-party excess of loss limit: $2.99 billion
Single-event catastrophe coverage: $2.2 billion
Ceded catastrophe reinsurance premiums: $430–$440 million
+3 more
6 metrics
Total third-party excess of loss limit
$2.99 billion
All occurrences for 2026-2027 catastrophe program
Single-event catastrophe coverage
$2.2 billion
Third-party coverage for one catastrophic event
Ceded catastrophe reinsurance premiums
$430–$440 million
Expected incurred net consolidated premiums, 2026 treaty year
Risk-adjusted price change
up to 20%
Market observers’ reported reductions in risk-adjusted pricing
Growth in peak season exposure
9%
Increase in peak season in-force exposure vs prior treaty
Program size reference
$3 billion
Combination of traditional reinsurers, ILS, FHCF and captive
Key Terms
catastrophe excess of loss reinsurance, Insurance Linked Securities, Florida Hurricane Catastrophe Fund, indemnity based, +1 more
5 terms
catastrophe excess of loss reinsurance financial
"its 2026-2027 indemnity based, catastrophe excess of loss reinsurance program"
A catastrophe excess of loss reinsurance policy is a contract that kicks in when an insurer’s losses from a single large disaster exceed a set threshold, covering the amount above that threshold up to a predetermined limit. Think of it like an umbrella that only opens after a storm causes massive damage; for investors, it matters because it reduces an insurer’s exposure to extreme losses, stabilizes capital and earnings, and influences pricing and solvency metrics.
Insurance Linked Securities financial
"a combination of protection provided by traditional reinsurers, Insurance Linked Securities (“ILS”) investors"
Insurance-linked securities are financial instruments that transfer specific insurance risks—such as losses from hurricanes or other catastrophes—from insurers to investors, who receive higher-than-normal returns but can lose part or all of their principal if the insured event happens. They matter to investors because they offer a way to diversify away from traditional market risk (similar to adding a different asset class to a portfolio) and can provide returns uncorrelated with stocks and bonds, while also affecting how insurance losses are financed.
Florida Hurricane Catastrophe Fund financial
"limit purchased from the Florida Hurricane Catastrophe Fund (“FHCF”)"
A state-run insurance backstop that helps pay a portion of insured hurricane losses in Florida by reimbursing private insurers after major storms. It acts like a shared emergency reserve or communal safety net: by absorbing some of the biggest payouts, it helps keep insurance companies solvent, limits sudden premium spikes for homeowners, and affects the financial exposure and regulatory risk that investors face when owning insurance companies or related bonds.
indemnity based financial
"The entire program is indemnity based, with no parametric covers."
An indemnity based arrangement is a payment model where a payer promises to cover losses or expenses after they occur, reimbursing valid claims rather than providing upfront services or fixed payments. For investors, this matters because it shifts financial risk to the payer and creates variable cash flows tied to the frequency and size of claims, like a homeowner getting reimbursed by insurance after a storm rather than receiving a set monthly benefit in advance.
catastrophe bonds financial
"an additional $260 million of catastrophe bonds issued in 2026 at more favorable pricing"
Catastrophe bonds are debt securities issued by insurers or reinsurers to transfer the financial risk of large natural disasters to investors: buyers receive higher interest payments but can lose some or all of their invested principal if a specified catastrophe (like a major hurricane or earthquake) occurs. They matter to investors because they offer attractive yields and portfolio diversification that is not tied to market movements, but carry concentrated event risk similar to buying insurance against disasters.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________________
FORM 8-K
__________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 1, 2026
__________________________
(Exact name of registrant as specified in its charter)
__________________________
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Registrant’s telephone number, including area code: (813 ) 880-7000
Not Applicable
(Former name or former address, if changed since last report)
__________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 7.01 Regulation FD Disclosure.
On June 1, 2026, American Integrity Insurance Group, Inc. (the “Company”) issued a press release announcing that the Company fully placed its 2026-2027 indemnity based, catastrophe excess of loss reinsurance program for its insurance subsidiary, American Integrity Insurance Company. A copy of the Company's press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
The information in this Current Report on Form 8-K, including Exhibit 99.1 furnished hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |||||||
| 99.1 | Press Release, issued June 1, 2026 (furnished pursuant to Item 7.01). | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| AMERICAN INTEGRITY INSURANCE GROUP, INC. | ||||||||
| Date: June 1, 2026 | By: | /s/ Robert Ritchie | ||||||
| Name: | Robert Ritchie | |||||||
| Title: | Chief Executive Officer | |||||||
American Integrity Insurance Group, Inc. Announces Full Placement of 2026-2027 CAT XOL Reinsurance Program TAMPA, Fla., June 1, 2026 (BUSINESS WIRE) – American Integrity Insurance Group, Inc. (NYSE: AII) (“American Integrity,” “we,” “us,” “our” or the “Company”), a Tampa-based property and casualty insurance holding company and one of Florida’s leading providers of residential property insurance, announced today that it has fully placed its 2026-2027 indemnity based, catastrophe excess of loss reinsurance program for its insurance subsidiary, American Integrity Insurance Company (“AIIC”) 2026. , President of American Integrity, commented, “I am pleased to announce the successful completion of our 2026-2027 catastrophe excess of loss reinsurance program. This year’s placement meaningful risk-adjusted rate reductions at the upper - , improved terms and conditions, and an improved net retention Due to the continued growth in premium and exposure that we have experienced over the past year, we have increased our total third-party excess of loss reinsurance limit for all occurrences by $ million to $2.99 billion .” Highlights of the 2026-2027 catastrophe reinsurance program include: • The reinsurance program provides third-party coverage of $2.2 billion for a single catastrophic event. • The total incurred net consolidated catastrophe reinsurance premiums ceded to third parties is expected to total $430 - $440 million for the 2026 treaty year. • -in- ear return period, consistent with last year’s program. • Market conditions were favorable for this year’s renewal, largely as a result of a healthy reinsurance market, the success of the Florida legislative reforms and the lack of severe storm activity . Market observers have publicly stated that U.S. property catastrophe cedents are experiencing up to 20% reductions in risk- adjusted pricing, and we believe our renewal is consistent with that market dynamic. The exception is that no risk-adjusted was realized on
the $ million of limit purchased from the Florida Hurricane Catastrophe Fund (“FHCF”) - • The Company took advantage of the favorable pricing environment to reduce the Company’s net retention exposure d 9% growth in peak season in-force exposure versus the prior year treaty , and our million to $20 million for named storms retained by AIIC and the remainder retained by our segregated cell captive reinsurer). Our net retention for the third event decreases to and our net retention for the third and fourth event is retained by AIIC. In a four-event hurricane season, Additionally, our ex- • The $3 billion placement is a combination of protection provided by traditional reinsurers, Insurance Linked Securities (“ILS”) investors, the FHCF and our captive reinsurer. The entire program is indemnity based, with no parametric covers. All reinsurers participating in our 2026-2027 catastrophe reinsurance program were rated A- • billion last year. There is no material multi-year coverage in the traditional reinsurance placement. • which expire at the end of the 2026 treaty year (May 2027), and an additional $260 million of catastrophe bonds issued in 2026 at more favorable pricing, which •
About American Integrity Insurance Group, Inc. American Integrity Insurance Group, Inc. (NYSE: AII) is a leading provider of residential property insurance, focused on delivering innovative, reliable coverage to homeowners throughout the Southeast. Built on a foundation of integrity, resilience, and service, the Company’s mission is to be the most trusted and responsive insurance solution in the committed to protecting policyholders with strength and purpose—today and for generations to come. For more information, visit www.aii.com. Company Contact: Brian Foley, CFO American Integrity Insurance Group, Inc. 644- bfoley@aii.com Forward-Looking Statements Certain statements in this press release may be forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance, and are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and control. Therefore, you should not rely on any of these forward-looking statements. Please Securities and Exchange Commission for further information on risks we may face. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any contained in any forward-looking statements we may make. In light of these risks, uncertainties, and assumptions, the future events and trends discussed may not occur and forward-looking statements.
FAQ
What did American Integrity Insurance Group (AII) announce in this 8-K?
American Integrity Insurance Group announced it fully placed its 2026-2027 indemnity-based catastrophe excess of loss reinsurance program for subsidiary American Integrity Insurance Company. The program is designed to protect against severe hurricane and catastrophe events while reflecting current reinsurance market pricing conditions.
How large is American Integrity’s 2026-2027 catastrophe reinsurance limit?
The company increased its total third-party excess of loss reinsurance limit to $2.99 billion for all occurrences in the 2026-2027 program. This expanded limit is intended to reflect growth in premiums and exposure the company has experienced over the past year in its residential property portfolio.
What single-event catastrophe coverage does AII’s new program provide?
The 2026-2027 catastrophe reinsurance program provides third-party coverage of $2.2 billion for a single catastrophic event. This layer sits across traditional reinsurers, Insurance Linked Securities investors, the Florida Hurricane Catastrophe Fund and the company’s captive reinsurer, with an indemnity-based structure.
How did market conditions affect AII’s 2026-2027 reinsurance renewal?
Management notes market conditions were favorable, supported by a healthy reinsurance market, Florida legislative reforms and limited recent storm activity. Market observers reported up to 20% reductions in risk-adjusted pricing, and the company believes its renewal is broadly consistent with that dynamic in most layers purchased.
What growth in exposure did American Integrity cite for this treaty year?
The company referenced approximately 9% growth in peak season in-force exposure versus the prior year treaty. This higher exposure level helped justify expanding its total third-party excess of loss reinsurance limit as part of the 2026-2027 catastrophe excess of loss program for its subsidiary AIIC.