American Integrity Insurance Group, Inc. (AII) stock analysis
Close on Nov 11, 2026Market cap $576.24MP/E 6.5Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Mixed9 of 30 checks passed
American Integrity Insurance passes 9 of the 30 checks behind our score; 18 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 4/6
- Growth
- 1/6
- Past performance
- 3/6
- Financial health
- 0/6
- Dividend
- 1/6
What stands out
Margin of safety over 20%
The price is 24.0% below fair value, more than the 20% cushion we look for.
Trading below fair value
The share price of $29.41 is below our fair value estimate of $38.69.
P/E below the industry
American Integrity Insurance's P/E of 6.5 is below the Fire, Marine, and Casualty Insurance median of 10.4.
P/B below the industry
American Integrity Insurance's price-to-book of 1.56 is below the Fire, Marine, and Casualty Insurance median of 1.62.
What to watch
P/S above the industry
American Integrity Insurance's price-to-sales of 1.71 is above the Fire, Marine, and Casualty Insurance median of 1.28.
Yield below Treasuries
The 3.5% yield is below the 4.4% on a 1-year Treasury.
Yield below the top quarter
The top quarter of US dividend payers yield 3.8% or more; American Integrity Insurance yields 3.5%.
Valuation4/6
P/E against its history
Not enough price and earnings history to compare.
P/E below the industry
American Integrity Insurance's P/E of 6.5 is below the Fire, Marine, and Casualty Insurance median of 10.4.
P/S above the industry
American Integrity Insurance's price-to-sales of 1.71 is above the Fire, Marine, and Casualty Insurance median of 1.28.
P/B below the industry
American Integrity Insurance's price-to-book of 1.56 is below the Fire, Marine, and Casualty Insurance median of 1.62.
Trading below fair value
The share price of $29.41 is below our fair value estimate of $38.69.
Margin of safety over 20%
The price is 24.0% below fair value, more than the 20% cushion we look for.
Growth1/6
Revenue growth over 3 years
Needs three years of positive revenue.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing faster than the industry
Revenue grew 29.3% over the last twelve months; the Fire, Marine, and Casualty Insurance median is 5.0%.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin trend
Banks and insurers do not report gross profit.
Past performance3/6
Return on equity
Needs positive equity and five years of results.
Return on assets over 1%
Return on assets was 5.5%; for a bank or insurer, 1% or more is considered good.
Return on equity above the industry
American Integrity Insurance's return on equity of 26.2% is above the Fire, Marine, and Casualty Insurance median of 15.9%.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin against its history
Needs five years of revenue and net income.
Net margin above the industry
American Integrity Insurance's net margin of 26.2% is above the Fire, Marine, and Casualty Insurance median of 12.0%.
Financial health0/6
Debt level
Needs debt and equity figures.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt coverage
Needs operating cash flow.
Interest coverage
Interest expense is not reported separately.
Short-term liquidity
Insurers do not split assets into current and non-current.
Bankruptcy risk (Altman Z)
The Altman model does not apply to insurers.
Dividend1/6
Pays a dividend
American Integrity Insurance paid dividends worth 3.5% of the share price over the last twelve months.
Yield below Treasuries
The 3.5% yield is below the 4.4% on a 1-year Treasury.
Yield below the top quarter
The top quarter of US dividend payers yield 3.8% or more; American Integrity Insurance yields 3.5%.
Dividend stability
Fewer than five years of dividend history.
Earnings cover
Needs dividends paid and net income.
Cash-flow cover
Needs dividends paid and free cash flow.
Fair value
How we estimate itOur estimate per share
$38.69
The share price is 24% below this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/E | 10.4× | – | 10.4× | $46.83 | 50% |
| P/B | 1.6× | – | 1.6× | $30.56 | 50% |
| Fair value | $38.69 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Fire, Marine, and Casualty Insurance median 10.4
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Medium risk
- Average value traded per day
- $6.01M
- Value traded per 1% price move
- $2.98M
Downside
Medium risk
- Typical loss in a bad month
- 17.6%
- Volatility (annualized)
- 41%
- Sharpe ratio, 1 year
- 0.28
- Beta to the S&P 500 (5Y)
- 0.38
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2023 to 2025
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +35.3% | – | – | – | |
| Net income | +150.7% | – | – | – | |
| EPS, diluted | +91.5% | – | – | – | |
| Free cash flow | -9.8% | – | – | – |
Returns and balance sheet
3 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2023 | FY2023 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 39.9% | |
| Debt to equity | – | – | 0.00 | |
| Capex to revenue | – | – | 1.8% | |
| Diluted shares | – | – | 17M |
Cash use needs five years of cash flow figures
American Integrity Insurance does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 36.0% | 0.23× | 4.86× | 39.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$99.62M
- Cash generatingOperating cash flow above zero$138.19M
- Return on assets improvedROA up on the prior year– → 8.3%
- Earnings backed by cashOperating cash flow above net income$138.19M vs $99.62M
- Less leverageLong-term debt to assets fell0.1% → 0.0%
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise13M → 17M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose– → 0.23
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