Basic earnings per share is computed by dividing income available to common shareholders by the weighted-

For the purposes of determining the basic and diluted weighted-average number of common shares outstanding

during the periods presented that are prior to the IPO, the Company retrospectively reflected the Corporate

Contribution in connection with the IPO. As such, the basic and diluted weighted-average number of common shares

outstanding for those periods reflect the exchange of AIIG’s membership units into shares of Common Stock on the

date of the IPO, assuming that all shares of Common Stock issued in conjunction with the IPO were issued and

The Company historically had a Profit Participation Plan (“PPP”) that was terminated upon the IPO. For the

comparative historical period presented, it was determined in accordance with ASC 260, Earnings Per Share, (“ASC

260”), that the participants of the PPP were able to participate in undistributed earnings with Common Stock based

on a predetermined formula on a nonforfeitable basis, thus representing a participating security. The Company

applies the two-class method to allocate income between the common shareholders and the PPP participants.

The RSUs and PSUs have a contractual right to participate in undistributed earnings with Common Stock. The

The following tables present the net income and the weighted average number of shares outstanding used in the

earnings per share calculations. For the three and six months ended June 30, 2025, there were no potentially dilutive

For the three and six months ended June 30, 2026, diluted earnings per share reflects the impact of RSUs and PSUs

using the treasury stock method. For the three and six months ended June 30, 2026, approximately 3,455 and 1,834

incremental shares, respectively, were considered dilutive, primarily related to RSUs and PSUs. The impact of these


	Three Months Ended June 30,
	2026	2025
Numerator:
Net income attributable to common shareholders	$34,146	$27,494
Income allocated to participating securities	—	—
Income available for common shareholders	$34,146	$27,494

Denominator:
Shares outstanding	19,593,427	19,571,965
Weighted average common shares outstanding - basic	19,586,994	16,962,075
Weighted average common shares outstanding - diluted(1)	19,590,448	16,962,075

Earnings available to common shareholders per share
Basic	$1.74	$1.62
Diluted	$1.74	$1.62

(1)19,337 anti-dilutive shares were excluded from the diluted earnings per share computation for the three months ended June


	Six Months Ended June 30,
	2026	2025
Numerator:
Net income attributable to common shareholders	$54,056	$65,590
Income allocated to participating securities	—	2,190
Income available for common shareholders	$54,056	$63,400

Denominator:
Shares outstanding	19,593,427	19,571,965
Weighted average common shares outstanding - basic	19,583,036	15,152,075
Weighted average common shares outstanding - diluted(1)	19,584,870	15,152,075

Earnings available to common shareholders per share
Basic	$2.76	$4.18
Diluted	$2.76	$4.18

(1)18,693 anti-dilutive shares were excluded from the diluted earnings per share computation for the six months ended June 30,