AII · CIK 2007587
What American Integrity Insurance Group, Inc. told the SEC could break it.
American Integrity's entire register traces to a single state. It writes substantially all of its policies in Florida, so its results hinge on that state's economy, weather and laws — above all its heavy exposure to hurricanes and windstorms. To carry that concentrated catastrophe risk, it leans on reinsurance (Florida regulators require coverage up to or beyond a 1-in-130-year storm), making it dependent on the availability, pricing and creditworthiness of reinsurers and the state hurricane fund; and it operates inside a heavily and actively regulated Florida insurance market where rule or legal changes could restrict its business, profitability and growth.
3 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Geographic concentration
- Substantially all business in hurricane-exposed Floridahigh
American Integrity writes substantially all its policies in Florida, so its results depend on Florida regulatory, legal, economic, and weather conditions, and it is heavily exposed to hurricanes, windstorms, and other catastrophes affecting the state.
“Because we conduct substantially all of our business in Florida, our financial results depend on the regulatory, legal, economic and weather conditions in Florida.”
SEC filing →As of 2026
Other disclosures
- Dependence on reinsurance to manage catastrophe riskhigh
American Integrity manages its concentrated Florida hurricane exposure largely through purchased reinsurance (FLOIR requires coverage up to/exceeding a 1-in-130-year storm), making it dependent on the availability, pricing, and creditworthiness of reinsurers and the FHCF.
“We manage our risk through strict underwriting, spreading our risk across our service area, and through the purchase of reinsurance.”
SEC filing →As of 2026
Regulatory & policy
- Heavy Florida insurance regulation (FLOIR / active legislature)medium
Changes in insurance regulation, laws, or regulatory interpretations — and Florida's very active insurance legislature/Commissioner — could suspend or revoke licenses, restrict new business, reduce profitability, and limit American Integrity's growth.
“changes in the level of regulation of the insurance industry or changes in laws or regulations themselves or interpretations by regulatory authorities could adversely affect our ability to operate our business, reduce our profitability and limit our growth.”
SEC filing →As of 2026
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings, including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its suppliers
Transatlantic Reinsurance Company
“General Reinsurance Corporation 10,842 A++ Transatlantic Reinsurance Company 10,105 A++”
Cited →Citizens Property Insurance Corporation
“there can be no guarantee that Citizens will timely offer sizeable take-out opportunities to the private insurance market that would meet our underwritin”
Cited →Florida Hurricane Catastrophe Fund (FHCF)
“The FHCF is a tax-exempt state trust fund that provides reimbursements to residential property insurance companies for a portion of their catastrophic hurricane losses in Florida.”
Cited →General Reinsurance Corporation
“General Reinsurance Corporation 10,842 A++ Transatlantic Reinsurance Company 10,105 A++”
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