Carrier Unveils Bold New Brand Identity, Purpose and Tagline, Marking a New Era of Global Leadership
PALM BEACH GARDENS, Fla., June 9, 2025 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced the launch of a bold new brand identity and a powerful purpose statement: "Enhancing the lives we live and the world we share." This brand evolution reflects Carrier's strategic transformation and commitment to driving sustainable growth, innovation and global impact.
"Just as we transformed our portfolio, we are reimagining our brand to reflect the higher-growth, higher-value, customer-driven lifecycle solutions company we are today," said David Gitlin, Chairman and CEO, Carrier. "For more than 120 years, Carrier has been at the forefront of innovation, shaping industries and improving lives. United by purpose, driven by vision and empowered by a bold brand identity, Carrier is entering a new era of global leadership in intelligent climate and energy solutions."
A Brand Evolution Rooted in PurposeAt the heart of this evolution is Carrier's new tagline, "For the World We Share." These words capture Carrier's shared commitment to help shape a better world and its role in delivering solutions that improve the spaces where we live and work.
"Carrier's brand transformation marks a bold new chapter — one that reflects a dynamic, forward-thinking and purpose-driven company relentlessly focused on innovation, sustainability and customer-driven solutions," said Milena Oliveira, Senior Vice President and Chief Marketing & Communications Officer at Carrier. "'For the World We Share' is more than a tagline. It expresses our deep commitment to lead with purpose, enhance lives and help shape a more sustainable future for generations to come."
A Bold New Brand IdentityCarrier is unveiling a reimagined brand identity that embodies its strategic direction and signals evolution — modernizing how the brand looks, sounds and connects with the world. As part of this transformation, Carrier is introducing a new visual identity featuring a warm, contemporary color palette that symbolizes innovation, optimism and progress. While the iconic Carrier blue oval logo remains unchanged — a trusted emblem of industry leadership for more than a century — the updated look reinforces Carrier's forward momentum and focus on the future of climate and energy innovation.
Bringing Carrier's Brand to LifeCarrier is launching a new advertising campaign to bring its brand transformation to life. Aligned with the new purpose and tagline, it showcases the company's global impact through emotionally driven, human-centric real-world stories, focusing on sustainability and innovation. The campaign spans high-profile national media channels and major streaming platforms, featuring compelling storytelling that highlights how Carrier's intelligent solutions are improving lives and shaping a more sustainable future. It is also amplified through targeted digital advertising and Carrier's owned channels.
To learn more about Carrier's brand transformation and campaign — and explore its innovative climate and energy solutions, visit worldweshare.carrier.com.
Carrier. For the World We Share.
About CarrierCarrier Global Corporation, global leader in intelligent climate and energy solutions, is committed to creating innovations that bring comfort, safety and sustainability to life. Through cutting-edge advancements in climate solutions such as temperature control, air quality and transportation, we improve lives, empower critical industries and ensure the safe transport of food, life-saving medicines and more. Since inventing modern air conditioning in 1902, we lead with purpose: enhancing the lives we live and the world we share. We continue to lead because of our world-class, inclusive workforce that puts the customer at the center of everything we do. For more information, visit corporate.carrier.com or follow Carrier on social media at @Carrier.
Carrier. For the World We Share.
Contact:
Media InquiriesJason Shockley561-542-0207Jason.Shockley@Carrier.com
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SOURCE Carrier Global Corporation
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The following table summarizes loss ratios and underlying loss and LAE ratios for the three months ended March 31, 2025, and 2024: Three Months Ended March 31, ($ in thousands) 2025 2024 Total Net Premiums Earned $ 65,402 $ 39,283 Plus: Policy Fees 2,204 1,554 Total Net Premiums Earned Plus Policy Fees $ 67,606 $ 40,837 Losses and Loss Adjustment Expenses, Net $ 20,862 $ 20,365 Loss and Loss Adjustment Expense Ratio (% Net Premiums Earned Plus Policy Fees) 30.9 % 49.9 % Less: Current Year Net Catastrophe Losses $ — $ 2,256 Prior Year Net Reserve Development 579 500 Underlying Loss and Loss Adjustment Expenses, Net $ 20,283 $ 17,609 Underlying Loss and Loss Adjustment Expense Ratio (% Net Premiums Earned Plus Policy Fees) 30.0 % 43.1 % Conference Call American Integrity will hold a conference call to discuss results at 9:30 a.m. Eastern Time on June 10, 2025, hosted by Chief Executive Officer Robert Ritchie, President Jon Ritchie, and Chief Financial Officer Ben Lurie. Interested parties can listen to the live presentation by dialing the listen-only number below or by clicking the webcast link available on the Investor Information section of the company's website at Listen-only toll-free number: (800) 715-9871Listen-only international number: +1 (646) 307-1963Listen-only Canada-Toronto: (647) 932-3411Conference ID: 6677350 Please call the conference telephone number 10 minutes before the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Eve Siskin via email at esiskin@ A replay of the call will be available by telephone after 8:00 p.m. Eastern Time on the same day as the call and via the Investor Information section of the American Integrity website at North America toll-free number: +1 (800) 770-2030International: +1 (609) 800-9909Replay ID: 6677350# The replay will expire on June 10, 2026, at 11:59 p.m. Eastern Time. About American Integrity Insurance Group, Inc. American Integrity Insurance Group is one of Florida's leading providers of residential property insurance, proudly serving more than 383,000 policyholders. 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. Forward-Looking Statements Certain statements in this press release and on the related teleconference call may be forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding: our outlook; our business strategy; writing new business and retaining existing policies; availability of reinsurance coverage; expectations on future growth; future Citizens take-out opportunities; anticipated future operating results and operating expenses, cash flows, capital resources and liquidity; reserves for losses and loss adjustment expenses; competition; future regulatory, judicial and legislative changes; forecasts of future revenues and appropriately planning our expenses; and long- term; and our plans regarding our capital expenditures and investment portfolio as our business grows. In some cases, you can identify forward-looking statements by terms such as "anticipates," "believes," "contemplates," "continue," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "projects," "should," "targets," "will," "would" or the negative of these terms or other similar expressions. Forward-looking statements are neither historical facts nor assurances of future performance, and are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the potential that we may face significant losses due to being a property and casualty insurer and our exposure to catastrophic events and severe weather conditions, which can be unpredictable; our loss reserves are estimates and may be inadequate to cover our actual liability for losses, and actual claims incurred have exceeded, and in the future may exceed, reserves established for claims; the dependence of our financial results on the regulatory, legal, economic and weather conditions in Florida due to the fact that we conduct substantially all of our business in Florida; changing climate conditions may increase the severity and frequency of catastrophic events and severe weather conditions; dependence upon the effectiveness of exclusions and other loss limitation methods in the insurance policies we assume or write; reliance upon third-party distribution partners, including independent insurance agents, homebuilder-affiliated agents and national insurance carriers; our ability to pursue Citizens' take-out opportunities; cyclical changes in the insurance industry; our ability to obtain reinsurance coverage at commercially reasonable rates, or at all; credit risk of our reinsurers who may suffer a downgrade; the inherent uncertainty of models and our reliance on such models as a tool to evaluate risk, and the dependence of our results upon our ability to accurately price the risks we underwrite; the possibility that our information technology systems may fail or be disrupted; our ability to expand our business and the possible need to acquire additional capital in the future to fund such expansion; the ability of our claims department, or the third-party claims adjusters whom we may engage, to effectively manage or remediate claims as well as unanticipated increases in the severity or frequency of claims; the possibility that actual renewals of our existing policies will not meet expectations; increased competition and market conditions, including changes in our financial stability and credit ratings; the extensive regulatory environment in which we operate that requires approval of rate increases, can mandate rate decreases, and that can dictate underwriting practices and mandate participation in loss sharing arrangements, and other potential further restrictive regulation we may face; assessments or competition for government entities may create short-term liabilities or affect our ability to underwrite more policies; and other risks identified in Part II, Item 1A "Risk Factors" in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 filed with the Securities and Exchange Commission on June 9, 2025. 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Condensed Consolidated Balance Sheets (In thousands, except unit and per unit data) March 31, 2025 December 31, 2024 Assets (unaudited) Fixed maturities, available-for-sale, at fair value (amortized cost of $206,096 and $214,505, respectively) $ 206,232 $ 214,045 Total investments 206,232 214,045 Cash and cash equivalents 236,416 173,220 Restricted cash 4,306 6,052 Premiums receivable, net 56,493 51,594 Accrued investment income 1,936 2,174 Prepaid reinsurance premiums 178,399 268,254 Reinsurance recoverable, net 439,704 462,097 Property and equipment, net 1,755 1,843 Right-of-use assets – operating leases 2,019 2,498 Other assets 7,488 16,368 Total assets $ 1,134,748 $ 1,198,145 Liabilities and members' equity Liabilities: Unpaid losses and loss adjustment expenses $ 431,620 $ 475,708 Income tax payable 18,290 11,873 Unearned premiums 423,875 421,881 Reinsurance payable 1,277 56,348 Advance premiums 20,512 6,561 Deferred income tax liability, net 33 1,122 Long-term debt 926 1,029 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Ended March 31, 2025 2024 Revenues: Gross premiums written $ 212,150 $ 147,452 Change in gross unearned premiums (1,994 ) 9,476 Gross premiums earned 210,156 156,928 Ceded premiums earned (144,754 ) (117,645 ) Net premiums earned 65,402 39,283 Policy fees 2,204 1,554 Net investment income 4,103 3,248 Net realized gains (losses) on investments 16 6 Other income 161 217 Total revenues 71,886 44,308 Expenses: Losses and loss adjustment expenses, net 20,862 20,365 Policy acquisition expenses 3,107 5,354 General and administrative expenses 5,008 5,282 Total expenses 28,977 31,001 Income before income taxes 42,909 13,307 Income tax expense 4,813 1,201 Net income 38,096 12,106 Other comprehensive income: Unrealized holding gains on available-for-sale securities, net of taxes 457 41 Reclassification adjustment for net realized gains, net of taxes (12 ) (5 ) Total other comprehensive income 445 36 Comprehensive income $ 38,541 $ 12,142 Earnings per unit: Basic and diluted earnings per unit $ 292.15 $ 94.27 Weighted average units outstanding – Basic and diluted 122,900 122,900 Condensed Consolidated Statement of Cash Flows (unaudited) (In thousands) Three Months Ended March 31, 2025 2024 Operating activities Net income $ 38,096 $ 12,106 Adjustments to reconcile net income to net cash from operating activities: Amortization and depreciation 497 688 Deferred income taxes (1,090 ) (914 ) Net realized (gains) losses (16 ) (6 ) Changes in operating assets and liabilities: Premiums receivable (4,899 ) (3,183 ) Accrued investment income 238 (253 ) Prepaid reinsurance premiums 89,856 110,565 Reinsurance recoverable 22,394 (36,511 ) Other assets 8,879 200 Unpaid losses and loss adjustment expense (44,089 ) (17,773 ) Unearned premiums 1,994 (37,611 ) Reinsurance payable (55,072 ) (61,061 ) Advance premiums 13,950 11,135 Income taxes payable (recoverable) 6,418 2,120 Operating lease payments (501 ) (514 ) Deferred policy acquisition costs, net unearned ceding commissions (5,095 ) 7,677 Other liabilities and accrued expenses (3,475 ) (6,816 ) Net cash from (used in) operating activities 68,085 (20,151 ) Investing activities Purchases of property and equipment (108 ) (595 ) Proceeds from sales and maturities of fixed maturity securities 59,870 3,532 Purchases of fixed maturity securities (51,419 ) (7,487 ) Proceeds from sales and maturities of short-term investments — (14 ) Net cash from (used in) investing activities 8,343 (4,564 ) Financing activities Cash distributions to members (14,875 ) (4,022 ) Repayment of long-term debt (103 ) (103 ) Net cash used in financing activities (14,978 ) (4,125 ) Net increase in cash and cash equivalents 61,450 (28,840 ) Cash, cash equivalents and restricted cash at beginning of year 179,272 62,168 Cash, cash equivalents and restricted cash at end of year $ 240,722 $ 33,328 Supplemental disclosures of cash flow information Interest paid $ 0 $ 30 Income taxes paid (refund) $ 0 $ 0 View source version on Contacts Company Contact: Ben Lurie, CFOAmerican Integrity Insurance Group, (813) 551-1014blurie@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
