American Integrity Announces Launch of Initial Public Offering

TAMPA, Fla.--(BUSINESS WIRE)--American Integrity Insurance Group, Inc. (“American Integrity”) announced today that it has launched the roadshow for its proposed initial public offering of 6,875,000 shares of its common stock, 6,250,000 shares of which are being offered by American Integrity and 625,000 shares of which are being offered by certain existing stockholders. In addition, certain of American Integrity’s existing stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 1,031,250 shares of common stock at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is expected to be between $15.00 and $17.00 per share. American Integrity intends to list its common stock on the New York Stock Exchange under the ticker symbol “AII.”

American Integrity intends to use the net proceeds from this offering for general corporate purposes, which may include contributing capital to its insurance subsidiary to support growth, as well as for the satisfaction of tax withholding and remittance obligations related to certain equity grants made in connection with the offering and for fees associated with the termination of its existing management services agreement. American Integrity will not receive any proceeds from the sale of shares by the selling stockholders.

Keefe, Bruyette & Woods, A Stifel Company, Piper Sandler, and William Blair are acting as the active bookrunners for the proposed offering. Citizens Capital Markets and Raymond James are acting as passive bookrunners for the proposed offering. Oppenheimer & Co. is acting as a co-manager for the proposed offering.

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to this offering, when available, may be obtained from: Keefe, Bruyette & Woods, Inc., Attention: Capital Markets, 787 Seventh Avenue, 4th Floor, New York, New York 10019, or by email at uscapitalmarkets@kbw.com, or by telephone at (800) 966 1559, or Piper Sandler & Co., 1251 Avenue of the Americas, 6th Floor New York, New York 10020 Prospectus Department Phone: (800) 747-3924 Email: prospectus@psc.com.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About American Integrity Insurance Group

American Integrity Insurance Group is one of Florida’s leading providers of residential property insurance, proudly serving more than 385,000 policyholders across Florida, Georgia, and South Carolina. Headquartered in Tampa, Florida, the company continues to set the standard in the industry by empowering homeowners and fostering a culture defined by integrity, resilience, and excellence.