Does American Integrity Insurance Group have an economic moat?
Likely
American Integrity Insurance Group earns 26.8% a year on the money invested in it and keeps 64% of every sale after production costs, the numbers of a business competitors struggle to copy.
The numbers behind it
Return on invested capital, average of recent years26.8%
Return on invested capital, latest year31.1%
Gross margin64.2%Share of each sale left after production costs
Net margin36.0%
How we decide
A moat shows up in the numbers as high returns that last. We call it likely when the average return on invested capital over recent years is at least 15% and the gross margin at least 40%, and possible from 10%. The numbers can't show where a moat comes from (brand, network, patents), only that one seems to exist.
More questions about American Integrity Insurance Group
Data as of Nov 13, 2026.