Regulatory Requirements and Restrictions	6 Months Ended
Jun. 30, 2026
Insurance [Abstract]
Regulatory Requirements and Restrictions	Regulatory Requirements and Restrictions State laws and regulations, as well as national regulatory agency requirements, govern the operations of all insurers. The various laws and regulations require that insurers maintain minimum amounts of statutory surplus and risk- based capital (“RBC”); restrict insurers’ ability to pay dividends; restrict the allowable investment types and investment mixes and subject the Company’s insurers to assessments. The Company’s insurance subsidiary is subject to regulations and standards of the Florida Office of Insurance Regulation (“FLOIR”). It is also subject to regulations and standards of regulatory authorities in other states where they are licensed, although as a Florida-domiciled insurer, its principal regulatory authority is the FLOIR. AIIC prepares its statutory-basis financial statements in accordance with statutory accounting practices prescribed or permitted by FLOIR. The commissioner of the FLOIR has the right to permit other practices that may deviate from prescribed practices. AIIC does not obtain and follow any permitted practice that deviates from the prescribed practices. As of June 30, 2026 and December 31, 2025, AIIC reported statutory capital and surplus of $208,887 and $193,080, respectively. For the six months ended June 30, 2026 and 2025, AIIC reported statutory net income of $13,504 and $31,766, respectively. Statutory-basis surplus differs from shareholders’ equity reported in accordance with GAAP primarily due to the impact of the Company’s IPO proceeds, which are largely at the holding company, and because policy acquisition costs are expensed when incurred, certain assets that are not admitted assets are eliminated from the condensed consolidated balance sheets, and surplus notes are reported as surplus rather than liabilities. In addition, the recognition of deferred tax assets is based on different recoverability assumptions. The Florida statutes require a residential property insurance company to maintain statutory surplus as to policyholders of at least $1,500 or 10.0% of the insurer’s total liabilities, whichever is greater. Accordingly, as of June 30, 2026 and December 31, 2025, AIIC exceeded the minimum statutory surplus requirement, which was $20,889 and $19,308, respectively. Under Florida law, without regulatory approval, AIIC may pay dividends if its statutory surplus does not exceed the greater of: (i) the lesser of 10.0% of surplus or net income, not including realized capital gains, plus a two-year carry forward; (ii) 10.0% of surplus, with dividends payable limited to unassigned funds minus 25.0% of unrealized capital gains; or (iii) the lesser of 10.0% of surplus or net investment income plus a three-year carry forward with dividends payable limited to unassigned funds minus 25.0% of unrealized capital gains. AIIC did not pay any dividends during the three months ended June 30, 2026, and it can still pay dividends without regulatory approval. AIIC is also required annually to comply with the National Association of Insurance Commissioners (“NAIC”) RBC requirements. RBC requirements prescribe a method of measuring the amount of capital appropriate for an insurance company to support its overall business operations in light of its size and risk profile. NAIC RBC requirements are used by regulators to determine appropriate regulatory actions relating to insurers who show signs of a weak or deteriorating condition. As of June 30, 2026 and December 31, 2025, based on calculations using the appropriate NAIC RBC formula, AIIC reported total adjusted capital in excess of the requirements. AIIC has maintained a cash deposit with the Insurance Commissioner of the State of Florida and other states in which AIIC is authorized to write business in order to meet regulatory requirements and such cash deposit is included in restricted cash and cash equivalents on the condensed consolidated balance sheets. In addition, Florida property and casualty insurance companies are required to adhere to prescribed premium-to- capital surplus ratios. Florida state law requires that the ratio of 90.0% of premiums written divided by surplus as to policyholders does not exceed 10-to-1 for gross premiums written or 4-to-1 for net premiums written. As of June 30, 2026, AIIC had a ratio of gross and net premiums written to surplus of 2.4-to-1 and (0.1)-to-1, respectively, which met the requirements. The Company also has the Catstye reinsurance segregated account, where the Company can withdraw from cash held in the segregated account, but must provide written notice to the trustee in the form of a withdrawal notice in order to access the funds. However, consent of the grantor is not required to access the funds, and the funds’ use is not restricted within the terms of the trust agreement. Catstye is regulated by the Authority and is required to meet and maintain certain minimum levels of solvency and liquidity. Catstye’s statutory capital and surplus necessary to satisfy the regulatory requirements in the aggregate was $56,952 and $38,398 as of June 30, 2026 and December 31, 2025, respectively. As of June 30, 2026 and December 31, 2025, the actual amount of statutory capital and surplus was $56,952 and $38,398, respectively. The liabilities of Catstye are fully collateralized and accordingly capital and surplus are available to be paid out in dividends and subject to approval in accordance with regulations of the Authority.

Regulatory Requirements and Restrictions

6 Months Ended

Jun. 30, 2026

Insurance [Abstract]

Regulatory Requirements and Restrictions

State laws and regulations, as well as national regulatory agency requirements, govern the operations of all insurers.

The various laws and regulations require that insurers maintain minimum amounts of statutory surplus and risk-

based capital (“RBC”); restrict insurers’ ability to pay dividends; restrict the allowable investment types and

investment mixes and subject the Company’s insurers to assessments.

The Company’s insurance subsidiary is subject to regulations and standards of the Florida Office of Insurance

Regulation (“FLOIR”). It is also subject to regulations and standards of regulatory authorities in other states where

they are licensed, although as a Florida-domiciled insurer, its principal regulatory authority is the FLOIR.

AIIC prepares its statutory-basis financial statements in accordance with statutory accounting practices prescribed or

permitted by FLOIR. The commissioner of the FLOIR has the right to permit other practices that may deviate from

prescribed practices. AIIC does not obtain and follow any permitted practice that deviates from the prescribed

practices. As of June 30, 2026 and December 31, 2025, AIIC reported statutory capital and surplus of $208,887 and

$193,080, respectively. For the six months ended June 30, 2026 and 2025, AIIC reported statutory net income of

$13,504 and $31,766, respectively. Statutory-basis surplus differs from shareholders’ equity reported in accordance

with GAAP primarily due to the impact of the Company’s IPO proceeds, which are largely at the holding company,

and because policy acquisition costs are expensed when incurred, certain assets that are not admitted assets are

eliminated from the condensed consolidated balance sheets, and surplus notes are reported as surplus rather than

liabilities. In addition, the recognition of deferred tax assets is based on different recoverability assumptions.

The Florida statutes require a residential property insurance company to maintain statutory surplus as to

policyholders of at least $1,500 or 10.0% of the insurer’s total liabilities, whichever is greater. Accordingly, as of

June 30, 2026 and December 31, 2025, AIIC exceeded the minimum statutory surplus requirement, which was

$20,889 and $19,308, respectively. Under Florida law, without regulatory approval, AIIC may pay dividends if its

statutory surplus does not exceed the greater of: (i) the lesser of 10.0% of surplus or net income, not including

realized capital gains, plus a two-year carry forward; (ii) 10.0% of surplus, with dividends payable limited to

unassigned funds minus 25.0% of unrealized capital gains; or (iii) the lesser of 10.0% of surplus or net investment

income plus a three-year carry forward with dividends payable limited to unassigned funds minus 25.0% of

unrealized capital gains. AIIC did not pay any dividends during the three months ended June 30, 2026, and it can

still pay dividends without regulatory approval.

AIIC is also required annually to comply with the National Association of Insurance Commissioners (“NAIC”) RBC

requirements. RBC requirements prescribe a method of measuring the amount of capital appropriate for an insurance

company to support its overall business operations in light of its size and risk profile. NAIC RBC requirements are

used by regulators to determine appropriate regulatory actions relating to insurers who show signs of a weak or

deteriorating condition. As of June 30, 2026 and December 31, 2025, based on calculations using the appropriate

NAIC RBC formula, AIIC reported total adjusted capital in excess of the requirements.

AIIC has maintained a cash deposit with the Insurance Commissioner of the State of Florida and other states in

which AIIC is authorized to write business in order to meet regulatory requirements and such cash deposit is

included in restricted cash and cash equivalents on the condensed consolidated balance sheets.

In addition, Florida property and casualty insurance companies are required to adhere to prescribed premium-to-

capital surplus ratios. Florida state law requires that the ratio of 90.0% of premiums written divided by surplus as to

policyholders does not exceed 10-to-1 for gross premiums written or 4-to-1 for net premiums written. As of June 30,

2026, AIIC had a ratio of gross and net premiums written to surplus of 2.4-to-1 and (0.1)-to-1, respectively, which

met the requirements.

The Company also has the Catstye reinsurance segregated account, where the Company can withdraw from cash

held in the segregated account, but must provide written notice to the trustee in the form of a withdrawal notice in

order to access the funds. However, consent of the grantor is not required to access the funds, and the funds’ use is

not restricted within the terms of the trust agreement. Catstye is regulated by the Authority and is required to meet

and maintain certain minimum levels of solvency and liquidity. Catstye’s statutory capital and surplus necessary to

satisfy the regulatory requirements in the aggregate was $56,952 and $38,398 as of June 30, 2026 and December 31,

2025, respectively. As of June 30, 2026 and December 31, 2025, the actual amount of statutory capital and surplus

was $56,952 and $38,398, respectively. The liabilities of Catstye are fully collateralized and accordingly capital and

surplus are available to be paid out in dividends and subject to approval in accordance with regulations of the

Authority.