Latest Ratios: P/E Ratio 3.4x · EV/EBITDA 1.5x · ROE 39.9%. (2023–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Market Cap | $375M | $359M | — | — |
| Enterprise Value | $172M | $156M | — | — |
| P/E Ratio → | 3.39 | 3.69 | — | — |
| P/S Ratio | 1.36 | 1.30 | — | — |
| P/B Ratio | 0.98 | 1.07 | — | — |
| P/FCF | 2.82 | 2.70 | — | — |
| P/OCF | 2.71 | 2.60 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| EV / Revenue | — | 0.56 | — | — |
| EV / EBITDA | 1.47 | 1.33 | — | — |
| EV / EBIT | 1.50 | 1.36 | — | — |
| EV / FCF | — | 1.17 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Gross Margin | 64.5% | 64.5% | 40.1% | 39.3% |
| Operating Margin | 41.6% | 41.6% | 25.0% | 22.3% |
| Net Profit Margin | 36.0% | 36.0% | 19.4% | 18.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ROE | 39.9% | 39.9% | 26.8% | 28.2% |
| ROA | 8.2% | 8.2% | 3.9% | 4.4% |
| ROIC | 135.9% | 135.9% | 107.5% | 42.8% |
| ROCE | 9.9% | 9.9% | 5.4% | 5.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | 0.02 | 0.05 |
| Debt / EBITDA | 0.01 | 0.01 | 0.07 | 0.13 |
| Net Debt / Equity | — | -0.60 | -1.04 | -0.41 |
| Net Debt / EBITDA | -1.73 | -1.73 | -3.15 | -1.21 |
| Debt / FCF | — | -1.52 | -1.15 | -0.87 |
| Interest Coverage | — | — | — | — |
Net cash position: cash ($204M) exceeds total debt ($1M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Current Ratio | 92.89 | 92.89 | — | 12.69 |
| Quick Ratio | 92.89 | 92.89 | — | 12.69 |
| Cash Ratio | 76.08 | 76.08 | 2.96 | 3.86 |
| Asset Turnover | — | 0.23 | 0.17 | 0.23 |
| Inventory Turnover | — | — | — | — |
| Days Sales Outstanding | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Dividend Yield | 6.9% | 6.4% | — | — |
| Payout Ratio | 23.0% | 23.0% | 30.3% | 4.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Earnings Yield | 29.5% | 27.1% | — | — |
| FCF Yield | 35.5% | 37.1% | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 6.9% | 6.4% | — | — |
| Shares Outstanding | — | $17M | $20M | $20M |
Florida catastrophe concentration risk
Based on the reported P/B ratio of 0.96, American Integrity appears to trade at a discount to its book value, which warrants investigation given the company's strong underwriting performance and 0.00% debt-to-equity ratio compared to publicly traded peers like HCI Group.
The current P/B multiple suggests that the market may be applying a significant 'Florida discount' to the firm's equity, likely pricing in the potential for catastrophic capital depletion. Investors should monitor whether this valuation gap narrows as the company demonstrates the durability of its arbitration-led underwriting model.
As reported in the quarterly financial data, the company achieved a combined ratio of 70.0% in 2026Q1, indicating that American Integrity maintains a robust underwriting profit margin that consistently outperforms the industry-standard 100% threshold despite the inherent volatility of the Florida property market.
The trajectory of the combined ratio, which has remained largely below 80% over the last ten quarters, suggests that the firm's integration of binding arbitration is effectively mitigating the impact of social inflation. This underwriting efficiency appears to be the primary engine of the company's ROE, rather than reliance on investment income.
According to recent financial statements, American Integrity maintains a 0.00% debt-to-equity ratio, providing a substantial capital buffer that distinguishes the firm from regional peers and supports its ability to absorb the high costs of reinsurance and regulatory capital requirements in a catastrophe-prone environment.
The absence of financial leverage suggests that the company is prioritizing solvency over capital structure optimization, which is a prudent strategy given the geographic concentration of its risk. This fortress balance sheet may provide the necessary runway to navigate future hurricane seasons without needing external capital injections.
While the combined ratio is the definitive metric for underwriting profitability, analysts should note that it may be misapplied if it ignores the impact of prior-year reserve development, which can significantly distort the true economic performance of a Florida-based property insurer like American Integrity.
Relying solely on the headline combined ratio may obscure the potential for adverse development in long-tail claims, which is a common pitfall in P&C analysis. Investors should instead look at the 'accident year' combined ratio to better understand the underlying profitability of current-period underwriting decisions.
Includes 30+ ratios · 3 years · Updated daily
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Quick answers to the most common questions about buying AII stock.
American Integrity Insurance Group, Inc.'s current P/E ratio is 3.4x. The historical average is 3.7x.
American Integrity Insurance Group, Inc.'s current EV/EBITDA is 1.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 1.3x.
American Integrity Insurance Group, Inc.'s return on equity (ROE) is 39.9%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 31.6%.
Based on historical data, American Integrity Insurance Group, Inc. is trading at a P/E of 3.4x. Compare with industry peers and growth rates for a complete picture.
American Integrity Insurance Group, Inc.'s current dividend yield is 6.93% with a payout ratio of 23.0%.
American Integrity Insurance Group, Inc. has 64.5% gross margin and 41.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
American Integrity Insurance Group, Inc.'s Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.