American Integrity Insurance Group, Inc. Announces Full Placement of 2025-2026 CAT XOL Reinsurance Program
Robert Ritchie, CEO of American Integrity, commented, 'I am pleased to announce the successful completion of our 2025-2026 catastrophe excess of loss reinsurance program. Due to the significant growth in premium and exposure we have experienced in the past year due to our robust voluntary writings and our participation in the fourth quarter 2024 and 2025 Citizens take-out programs, we have increased our reinsurance limit by $799 million to $2.59 billion. The placement is a combination of protection provided by traditional reinsurers, Insurance Linked Securities ('ILS') investors, the Florida Hurricane Cat Fund and our captive reinsurer.'
Key points of the 2025-2026 catastrophe reinsurance program include:
The reinsurance program provides third-party coverage of $1.93 billion for a single catastrophic event. The total third-party coverage provided for all occurrences is $2.59 billion, representing an increase of $799 million or 45% over the 2024 treaty.
The total incurred net consolidated catastrophe reinsurance premiums ceded to third parties are expected to total $433 million for the treaty year, an increase of $96 million, or 28%, over the 2024 treaty year estimate.
The program includes multi-year indemnity coverage totaling $565 million sourced through new catastrophe bonds issued by Integrity Re III Ltd in 2025. This catastrophe bond issuance was the eighth and largest ILS transaction the Company has sponsored.
The Company's net retention is $35 million for each of the first and second events with $10 million retained by AIICFL and an additional $25 million retained by our segregated cell captive reinsurer. Our net retention for the third and fourth event decreases to $15.8 million and $10 million respectively and is solely with AIICFL.
Florida Hurricane Catastrophe Fund participation of 90.0%, consistent with the prior year program.
The entire program is indemnity based, with no parametric covers. All reinsurers participating in our 2025-2026 catastrophe reinsurance program were rated A- or better by A.M. Best or were required to post collateral up to 100% of all obligations to the Company.
The increased coverage and net retention associated with the XOL reinsurance program reflects our growth in written premium, exposure and capital.
Jon Ritchie, President of American Integrity, commented, 'We are grateful for the ongoing support of the global catastrophe reinsurance community, who have been essential to Florida's ability to withstand multiple catastrophic events in recent years.'
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
This press release contains forward-looking statements. All statements other than statements of historical facts contained in this press release may be forward-looking statements. This release includes forward-looking statements relating to our 2025-2026 catastrophe reinsurance program. 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. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict. Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. The risks and uncertainties that could cause our actual results to differ from those expressed or implied herein include, but are not limited to, our ability to write new policies and renew existing ones; our ability to maintain adequate reinsurance programs; legal and regulatory developments in the state of Florida; weather conditions (including the severity and frequency of hurricanes, convective storms, tornadoes, tropical storms, sinkholes, windstorms, hailstorms and other severe weather events); our strategy, expected outcomes, and growth prospects; trends in our operations, industry, and markets; our future profitability, indebtedness, liquidity, access to capital, and financial condition; dependence on investment income and the composition of our investment portfolio; the effects of seasonal trends on our results of operations; the increased expenses associated with being a public company; our ability to remain in compliance with extensive laws and regulations that apply to our business and operations; and other matters described from time to time by us in our filings with the Securities and Exchange Commission, including, but not limited to, those discussed in our prospectus, dated May 7, 2025 filed with the Securities and Exchange Commission pursuant to Rule 424(b) under the Securities Act of 1933, as amended, on May 8, 2025. New risks emerge from time to time.
These forward-looking statements are based only on information currently available to us, speak only as of the date hereof and are subject to business and economic risks. We do not undertake any obligation to update or revise the forward-looking statements to reflect events that occur or circumstances that exist after the date on which such statements were made, except to the extent required by law.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
40 minutes ago
- Yahoo
RBLX Q2 Deep Dive: Viral Hits Drive User Growth, Guidance Highlights Monetization Shift
Gaming metaverse operator Roblox (NYSE:RBLX) missed Wall Street's revenue expectations in Q2 CY2025, but sales rose 20.9% year on year to $1.08 billion. Next quarter's revenue guidance of $1.14 billion underwhelmed, coming in 3.5% below analysts' estimates. Its non-GAAP loss of $0.41 per share was 7% below analysts' consensus estimates. Is now the time to buy RBLX? Find out in our full research report (it's free). Roblox (RBLX) Q2 CY2025 Highlights: Revenue: $1.08 billion vs analyst estimates of $1.10 billion (20.9% year-on-year growth, 2% miss) Adjusted EPS: -$0.41 vs analyst expectations of -$0.38 (7% miss) Adjusted EBITDA: $320.3 million vs analyst estimates of $220.3 million (29.6% margin, 45.4% beat) The company lifted its revenue guidance for the full year to $4.44 billion at the midpoint from $4.33 billion, a 2.6% increase Operating Margin: -29.8%, down from -26.6% in the same quarter last year Daily Active Users: 111.8 million, up 32.3 million year on year Market Capitalization: $89.8 billion StockStory's Take Roblox's second quarter results reflected strong user and engagement growth, as management emphasized the impact of several viral experiences and ongoing investments in platform quality, developer tools, and global infrastructure. CEO David Baszucki attributed the performance to robust creator activity and highlighted the emergence of new experiences such as Grow a Garden, which contributed to a broad-based lift in engagement and monetization across the platform. Baszucki noted, 'Our strength in Q2 was broad-based across the platform,' and pointed to record levels of both daily active users and monthly unique payers as evidence of this momentum. Looking ahead, Roblox's updated guidance is shaped by its belief in continued expansion of the creator ecosystem, AI-powered platform enhancements, and monetization diversification. CFO Naveen Chopra cautioned that guidance for the next two quarters reflects conservative assumptions around the sustainability of recent viral hits, as well as tougher year-over-year comparisons. Chopra stated, 'It's just too early to extrapolate Q2's extraordinary trends over a prolonged period of time,' but outlined confidence in the company's strategy to capture a larger share of the global gaming content market through technology investments and new monetization channels. Key Insights from Management's Remarks Management pointed to a combination of viral content, improved platform infrastructure, and expansion into new demographics and geographies as key drivers for the quarter and areas of focus for future growth. Viral content drives engagement: Experiences like Grow a Garden and 99 Nights in the Forest contributed to a surge in daily active users, with Baszucki noting that four out of the platform's five top hits launched within the last year. These titles not only attracted new players but also encouraged cross-engagement with other games, highlighting a healthy ecosystem. Developer ecosystem broadening: Chopra emphasized that more than half of the experience spending growth came from titles outside the top ten, signaling a wider distribution of earnings and opportunity for smaller creators. The new Creator Rewards program shifts incentives to reward developers who bring organic traffic and new users, aiming to further diversify and strengthen the content pipeline. AI and infrastructure investments: The company rolled out enhancements such as Cube 3D, a generative AI model for in-game assets, and continued to improve global server performance. These investments are intended to accelerate content creation and support rapid scaling as user numbers climb. International expansion gains traction: Management cited particularly strong growth in the Asia-Pacific region, attributing success to improved translation, localized infrastructure, and targeted content. Countries like Indonesia and Korea saw year-over-year bookings growth exceeding 100%. Shift in monetization models: Roblox is experimenting with new monetization tools, such as Rewarded Video ads (including through a partnership with Google), dynamic pricing, and IP licensing. The company sees these as critical to increasing revenue per user, especially among older demographics. Drivers of Future Performance Roblox expects continued user growth and content diversity to underpin its outlook, with a focus on expanding monetization and sustaining engagement as key priorities. Sustaining viral hit momentum: Management is cautious about projecting ongoing success from recent viral titles, assuming normalization in engagement and spending. However, they believe investments in discovery algorithms and creator incentives could foster repeatable viral content that drives further platform growth. Monetization diversification: The rollout of new ad formats, partnerships for IP licensing, and expanded creator monetization tools are expected to gradually increase revenue per user. Management highlighted opportunities to capture higher monetization rates among older users and through non-traditional gaming genres. Headwinds from tougher comparisons and uncertainty: Chopra referenced difficult year-over-year comps in the second half of the year and the unpredictability of viral trends. The company's conservative guidance reflects these risks, particularly regarding the durability of user engagement and the timing of new monetization initiatives. Catalysts in Upcoming Quarters In the coming quarters, the StockStory team will closely monitor (1) the sustainability of viral hit engagement and whether new experiences can replicate recent success, (2) incremental monetization from new ad formats and IP licensing, and (3) continued expansion into key international markets, especially in Asia-Pacific. Execution on AI-powered platform upgrades and creator incentive programs will also be critical signposts. Roblox currently trades at $129.50, up from $124.90 just before the earnings. Is there an opportunity in the stock?See for yourself in our full research report (it's free). Now Could Be The Perfect Time To Invest In These Stocks When Trump unveiled his aggressive tariff plan in April 2025, markets tanked as investors feared a full-blown trade war. But those who panicked and sold missed the subsequent rebound that's already erased most losses. Don't let fear keep you from great opportunities and take a look at Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Sign in to access your portfolio
Yahoo
44 minutes ago
- Yahoo
Importers struggle to resell Canadian canola meal caught in China tariff crossfire
By Naveen Thukral SINGAPORE (Reuters) -Importers are struggling to resell several cargoes of Canadian canola meal that arrived in China after Beijing imposed hefty import tariffs on the protein-rich ingredient, three trade sources said. Up to 400,000 metric tons of canola meal, used mainly in animal feed, is sitting in secure warehouses near Chinese ports, with importers facing a 100% duty if they release the cargoes for sale in the domestic market. "It is not viable to pay the duty, so we are looking at the possibility of re-selling it to other markets, maybe to feed-makers in Southeast Asia or South Korea," said an executive with a trading company that is one of the importers of canola meal. "But it will have to be at a discount," the person said, declining to be named as they were not authorised to speak to media. Traders said the canola meal was being offered at a discount of about 30%. The stuck cargoes underscore the struggles of agricultural companies caught in the middle of trade standoffs, at a time when Washington and Beijing's tariff war has disrupted trade in farm products including soybeans. China on Tuesday announced a preliminary anti-dumping levy of 75.8% on imports of canola oilseed from Canada, escalating a year-long trade dispute that began last August with Ottawa's tariffs on Chinese electric vehicle imports. In March, China imposed a 100% tariff on Canadian rapeseed oil, oil cakes and pea imports. "These measures show how the Chinese government is super angry with the Canadian government," said a trader at a company which runs oilseed processing plants in China. "They suddenly increased the duty to 100% on canola meal, which was not expected." Two of the traders estimated the stranded canola meal volumes at 400,000 tons, while one trader said it was around 200,000 tons. At 400,000 tons, the value of canola meal stuck at Chinese ports is worth around $120 million, traders said.
Business Wire
an hour ago
- Business Wire
NIU Invest Completes Acquisition of Majority Stake in Critical Metals
LONDON--(BUSINESS WIRE)--NIU Invest SE (NIU), headed by Austrian investor Cevdet Caner, completed its subscription for new Ordinary Shares of in Critical Metals PLC (Critical Metals) giving NIU an aggregate of 61,402,390 new Ordinary Shares, representing a majority 60.34% stake in the company. Critical Metals has a 70% stake in the Molulu Project, a cobalt and copper mining asset near Lubumbashi, in the Democratic Republic of Congo (DRC). The Molulu Project was previously mined by artisanal miners, and Critical Metals acquired the project in September 2022. Critical Metals plans to further develop and expand the Molulu Project's mining operations to realize the asset's full value. Caner stated, 'We are thrilled to complete this acquisition in the Democratic Republic of Congo and begin work on growing the operation and accelerating local development.' NIU is a leading Europe and US-based investment company focused on entrepreneurship and value creation, with the goal of becoming a fully integrated mining investor and operator with assets across North America, Latin America, Africa, and Europe. Austrian entrepreneur Cevdet Caner has invested in the mining and property sectors for over two decades. NIU plans to make further mining acquisitions in 2025, building a diverse portfolio of critical assets that drive long-term growth and align with the global demand for key inputs to advanced industries and cutting-edge technologies.
