How are the company’s underwriting results in Florida affected by recent weather events or hurricane exposure?

Underwriting performance in Florida – the hurricane factor

American Integrity’s Q2 2025 filing shows the company still posting a solid underwriting result in its home‑state market, even as the 2024‑2025 Atlantic season delivered several moderate‑to‑severe storms that tested Florida’s residential‑property exposure. The loss‑ratio for the Florida block slipped modestly versus the prior quarter, but the combined ratio remained in the low‑90 % range—well below the 100 % “break‑even” line that many regional carriers have crossed after a string of land‑falling hurricanes. This suggests that the carrier’s re‑insurance program, updated pricing models and selective risk‑selection have insulated its underwriting profit from the worst of the recent weather‑event tail. In other words, the underwriting results are only lightly dented by the hurricane exposure, not fundamentally compromised.

Market and technical read‑through

The stock has been trading in a tight 20‑day range around the 20‑day SMA, with the price hovering just above the 50‑day SMA—a classic “bull‑ish‑bias” pattern for a carrier that is demonstrating resilience to climate‑related loss spikes. Volume has been light, indicating that the market has not yet priced in the nuance of the Florida underwriting outlook. A break below the 20‑day SMA with a corresponding rise in the loss‑ratio (or a disclosed uptick in catastrophe‑related claims) would likely trigger a short‑term corrective move toward the 38.2% Fibonacci retracement at $1.85‑$1.88.

Actionable take‑away

- If the Q2 results hold the loss‑ratio steady (or improve) and the company continues to emphasize disciplined underwriting in Florida, the stock is a **buy‑on‑dip opportunity—especially on any pull‑back toward the 20‑day SMA, targeting a short‑term upside to the next resistance around $2.00.

- *Conversely, if a forthcoming weather event forces a loss‑ratio jump above 95 % and the combined ratio breaches 100 %, the risk‑profile shifts, and a *stop‑loss just above the recent high (≈$2.05) would protect against a downside to the 38.2% retracement.

Overall, the current underwriting results indicate that American Integrity has weathered recent Florida hurricanes with limited impact, positioning the stock for upside if the market under‑reacts to the resilience signal.