American Integrity Insurance Group, Inc. (NYSE: AII)

Sector: Financial Services Industry: Insurance - Property & Casualty CIK: 0002007587
Market Cap 2.34 Mn
P/B 0.01
P/E 0.06
P/S 0.01
ROIC (Qtr) 0.00
Div Yield % 0.00
Rev 1y % (Qtr) 33.27
Total Debt (Qtr) 1.75 Mn
Debt/Equity (Qtr) 0.01
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About

Investment thesis

Bull case

  • Strong tangible asset base of 1.43B provides 819.71x coverage of total debt 1.75M, indicating robust asset backing and low credit risk.
  • Retained earnings of 208.31M represent substantial 0.66x of equity 315.88M, indicating strong internal capital generation.
  • Cash reserves of 184.32M provide comfortable 141.35x coverage of tax obligations 1.30M, showing strong fiscal management.
  • Cash position of 184.32M fully covers payables of 177.57M by 1.04x, showing strong vendor relationship management.

Bear case

  • Operating cash flow of 0 provides insufficient coverage of deferred revenue obligations of 525.09M, which is 0x, raising concerns about future service delivery capabilities.
  • Deferred revenue of 525.09M represents 1.66x of shareholder equity 315.88M, indicating significant future service obligations relative to capital base.
  • Other current assets of 0 provide weak coverage of payables of 177.57M, which is 0x, suggesting potential working capital stress in near term.

Peer comparison

Companies in the Insurance - Property & Casualty
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 PGR Progressive Corp/Oh/ 121.46 Bn 30.80 3.11 6.90 Bn
2 CB Chubb Ltd 109.27 Bn 36.88 5.64 21.01 Bn
3 ALL Allstate Corp 69.21 Bn 29.01 1.62 8.09 Bn
4 TRV Travelers Companies, Inc. 67.61 Bn 10.75 1.38 9.27 Bn
5 HIG Hartford Insurance Group, Inc. 61.19 Bn 37.09 3.27 4.37 Bn
6 WRB Berkley W R Corp 38.52 Bn 124.63 8.69 2.87 Bn
7 CINF Cincinnati Financial Corp 26.91 Bn 74.14 6.73 0.88 Bn
8 MKL Markel Group Inc. 26.46 Bn 13.00 1.68 4.28 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.00 0.50
EV to Cash from Ops. EV to Cash from Ops. 0.00 -16.03
EV to Debt EV to Debt 0.00 11.42
EV to EBIT EV to EBIT 0.00 22.13
EV to EBITDA EV to EBITDA 0.00 17.53
EV to Free Cash Flow [EV/FCF] EV to Free Cash Flow [EV/FCF] 0.00 68.07
EV to Market Cap EV to Market Cap 0.00 0.91
EV to Revenue EV to Revenue 0.00 2.31
Price to Book Value [P/B] P/B 0.01 2.97
Price to Earnings [P/E] P/E 0.06 29.62
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Div Coverage (Qtr) 0.00 7.41
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 19.66
Dividend per Basic Share Div per Share (Qtr) 0.00 1.49
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 37.69
Interest Coverage Interest Coverage 0.00 -9.19
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) 0.00 -17.83
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 0.00 30.27
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 16.34
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 0.00 62.82
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 0.00 35.62
EBIT Growth (1y) % EBIT 1y % (Qtr) 0.00 56.25
EBT Growth (1y) % EBT 1y % (Qtr) 0.00 52.70
EPS Growth (1y) % EPS 1y % (Qtr) 0.00 48.20
FCF Growth (1y) % FCF 1y % (Qtr) 0.00 15.47
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 0.00 16.55
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.00 0.38
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.45
Cash Ratio Cash Ratio 0.00 0.02
Current Ratio Current Ratio 0.00 0.06
Debt to Equity Ratio Debt/Equity (Qtr) 0.01 0.23
Interest Cover Ratio Interest Cover Ratio 0.00 -9.19
Times Interest Earned Times Interest Earned 0.00 -9.19
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) 0.00 14.01
EBIT Margin % EBIT Margin % (Qtr) 0.00 13.05
EBT Margin % EBT Margin % (Qtr) 0.00 12.25
Gross Margin % Gross Margin % (Qtr) 0.00 40.49
Net Profit Margin % Net Margin % (Qtr) 0.00 9.63