American Integrity Insurance Group, Inc.AII

American Integrity Insurance Group, Inc. Leases Disclosure

10-KFiled Feb 27, 20262 min read
Leases
Operating lease cost was $2,188 and $2,159 for the years ended December 31, 2025 and December 31, 2024,
respectively, and is included in other operating expenses on the consolidated statements of operations and
comprehensive income. Short-term and variable lease costs were immaterial for the years ended December 31, 2025
and December 31, 2024.
The following table provides supplemental balance sheet information about the Company’s leases as of
December 31, 2025 and December 31, 2024:
December 31,
 
2025
2024
Operating leases:
Right-of-use assets
$449
$2,498
Lease liability
$458
$2,612
Weighted-average remaining lease term:
Operating leases
0.34 years
1.18 years
Weighted-average discount rate:
Operating leases
3.42%
2.75%
On February 20, 2025, the Company entered into a new 152-month lease agreement for approximately 75,000
square feet of office space in Tampa, Florida. Access to the leased premises is expected to occur in phases beginning
in the first half of 2026. As of December 31, 2025, the lease had not commenced as the underlying asset had not
been made available for use by the Company. Accordingly, no right-of-use asset or lease liability has been
recognized. Total future contractual lease payments under this agreement are expected to approximate $45.7 million
over the lease term.
Supplemental disclosure of cash flow information related to leases was as follows for the years ended December 31,
2025 and December 31, 2024:
Year Ended December 31,
2025
2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
$2,279
$2,184
The estimated future minimum payments of operating leases as of December 31, 2025 are as follows:
Years ending
Operating Leases
2026
$447
2027
12
2028
—
2029
—
2030
—
Thereafter
—
Total lease payments
459
Less: imputed interest
(1)
Present value of lease liabilities
$458

About Leases Disclosures

Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.

Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.

Other Available Disclosures

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