Filing Flows › American Integrity Insurance Group (AII) › Q2 2025
American Integrity Insurance Group (AII) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 13, 2025
American Integrity Insurance Group (AII) reported revenue of $74.5M for the second quarter 2025 (Q2 2025), +61% from a year earlier and +4% from the quarter before. Operating margin was 32.3%, net earnings $27.5M (36.9% of revenue).
American Integrity Insurance Group, Q2 2025: revenue $74.5M (+61% year over year), operating margin 32.3%, net earnings $27.5M, operating cash flow $27.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $74.5M | +4% | +61% |
| Operating profit | $24.1M | -44% | +18% |
| Net earnings | $27.5M | -28% | +87% |
| Operating cash flow | $27.4M | -60% | -42% |
| Free cash flow | $26.9M | -60% | -43% |
What changed
Revenue was $74.5M in Q2 2025, up 61% year over year and up 4% from the previous quarter.
Operating profit was $24.1M, a 32.3% margin (down 11.7 points year over year). Of the extra revenue versus a year earlier, 13% reached operating profit, below the 44% margin then. Total costs grew 94% against revenue growth of 61%. The fastest-growing cost line was General & admin (+239%). Net earnings were $27.5M, up 87% year over year. The effective tax rate was -14.1%.
Operating cash flow was $27.4M (down 42% year over year), 100% of net earnings. Non-cash charges added back $650K of depreciation and amortization and $10.4M of share-based compensation. Working capital and other items used $11.2M. Capital expenditures of $471K left free cash flow of $26.9M.
Questions
What was American Integrity Insurance Group's revenue in the second quarter 2025?
American Integrity Insurance Group (AII) reported revenue of $74.5M for the second quarter 2025 (Q2 2025), +61% from a year earlier and +4% from the quarter before.
Was American Integrity Insurance Group profitable in the second quarter 2025?
Operating profit was $24.1M (32.3% of revenue) and net earnings $27.5M.
Source: American Integrity Insurance Group 10-Q on SEC EDGAR.