American Integrity Insurance Group, Inc.
For the period ended Mar 31, 2025. Filed Jun 10, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Jun 10, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (Unaudited)
| 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 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Supplemental disclosures of cash flow information | ||
| Interest paid | $0 | $30 |
| Income taxes paid (refund) | $0 | $0 |
The following table is a reconciliation of cash, cash equivalents, and restricted cash reported within the Company’s Condensed Consolidated Balance Sheets:
| March 31,2025 | December 31,2024 | |
|---|---|---|
| Cash and cash equivalents | $236,416 | $173,220 |
| Restricted cash | 4,306 | 6,052 |
| Total cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows | $240,722 | $179,272 |
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