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TAMPA, Fla. – American Integrity Insurance Group, Inc. (NYSE: AII) announced the pricing of a secondary public offering of 3,000,000 shares of its common stock by certain stockholders at $20.00 per share. Underwriters have been granted a 30-day option to purchase up to an additional 450,000 shares at the same price, less underwriting discounts and commissions.
American Integrity will not receive any proceeds from the sale. The offering is expected to close on November 21, 2025, contingent upon standard closing conditions.
Keefe, Bruyette & Woods, a Stifel Company, Piper Sandler, and William Blair served as active bookrunners for the offering. Citizens Capital Markets and Raymond James acted as passive bookrunners.
The secondary offering allows existing shareholders to monetize their investment while potentially increasing the stock’s liquidity and broadening the shareholder base. However, the increased supply of shares could exert downward pressure on the stock price in the short term. The decision by these stockholders to sell may reflect their perspective on the company’s near-term growth prospects or broader market conditions.
American Integrity, founded in 2006, specializes in residential property insurance throughout the Southeast. The company’s focus on homeowners in a region prone to hurricanes and other natural disasters highlights both the potential market opportunity and the inherent risks associated with the business. The company has invested in technology and predictive modeling to better assess and manage risk, a crucial element in maintaining profitability in the insurance industry. The Florida Insurance market, in particular, has seen considerable turmoil, and American Integrity is one of the few companies with a strong foothold.
This stock offering will provide more options for investors to get into the Florida property insurance market, and diversify their portfolios.
The company’s ticker is NYSE: AII.
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