Cigna earnings beat by $0.04, revenue topped estimates
American Integrity Insurance Group (AMEX:AII), currently trading at $16.41 with a market capitalization of $321 million, saw its stock rating reaffirmed at Market Outperform by Citizens JMP analysts on Wednesday, maintaining a price target of $23.00 following the company’s strong first-quarter 2025 results. According to InvestingPro, the company shows several promising indicators, with 7 additional key insights available to subscribers.
The insurance provider reported an operating gain of $2.86 per share for the quarter, which aligned with both the analysts’ estimates and the company’s pre-initial public offering guidance. The quarterly performance showed key performance indicators that were largely consistent with projections, including a 12% expense ratio, $4.1 million in net investment income, and a 31% loss ratio. InvestingPro data reveals the company maintains a strong financial health score of GOOD, reflecting solid operational performance.
American Integrity experienced 0.9 points of unfavorable prior-year reserve development during the quarter. The company’s gross written premiums increased by 44% in the quarter, matching Citizens JMP’s projection for premium growth.
Book value reached $13.96 as of March 31, slightly exceeding the analysts’ estimate of $13.89. This represented a 15% sequential increase compared to December 31 figures, demonstrating significant book value growth over the three-month period. The company maintains a healthy current ratio of 1.92, indicating strong ability to meet short-term obligations.
Citizens JMP’s $23.00 price target represents approximately 1.3 times the company’s expected year-end 2026 book value and roughly 8 times the projected 2026 earnings per share, according to the research note accompanying the rating reaffirmation. Analyst consensus shows a positive outlook, with price targets ranging from $20 to $23, suggesting potential upside from current levels. Get comprehensive analysis and more detailed insights with InvestingPro’s exclusive research report.
In other recent news, American Integrity Insurance Group reported strong financial results for the first quarter of 2025. The company saw a significant increase in gross premiums written, which surged by 43.9% to $212.2 million, while net premiums earned climbed 66.5% to $65.4 million. Earnings per share reached $292.15, with total revenue amounting to $212.15 million. The company’s loss ratio improved notably, dropping to 30.9%, reflecting disciplined underwriting practices. American Integrity Insurance also announced plans to expand into Miami and Broward County by fall 2025, leveraging its strategic positioning in the Florida market. The company has increased its reinsurance program to $1.93 billion for single-event coverage and issued $565 million in catastrophe bonds to bolster financial resilience. Bob Ritchie, CEO, highlighted the company’s strategic focus on disciplined underwriting and operational efficiency. Additionally, analysts from firms like Oppenheimer and KBW engaged with the company during its earnings call, discussing the impact of legislative reforms and market expansion strategies.
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