American Risk Insurance

What American Risk Insurance does

American Risk Insurance Company, Inc. (ARI) is a Texas-domiciled regional property and casualty insurer founded in February 2007 and headquartered in Houston. The company underwrites personal lines products including homeowners (HO-A, HO-A+, HO-B forms), dwelling fire (TDP-1, TDP-1+), high-value homes (up to $1,000,000), renters (HO-BT), condominium owner (HO-CON-B), and flood insurance, alongside Texas-only commercial property coverage with up to $25M capacity per location. Products are distributed exclusively through a network of independent professional agents, including an exclusive wholesale partnership with Midlands Management Corp in Oklahoma and an agent portal supporting contracting, appointments, and quoting.

ARI's operating footprint spans three contiguous Gulf Coast states — Texas (home state), Louisiana (entered June 2016), and Oklahoma (entered August 2016) — addressing demand for affordable homeowners and property coverage in catastrophe-exposed markets. The company is led by President and Vice Chairman of the Board Fred Behzadi, employs 51-100 people, and holds an 'A, Exceptional' Financial Stability Rating from Demotech, affirmed in 2014 and 2016. The customer base is a long-tail mix of individual homeowners, renters, condo owners, and small/mid Texas commercial property owners served via independent agents, with no proprietary technology platform disclosed beyond standard agent and policyholder portals.

The revenue model is straightforward insurance premium collection on a subscription-recurring basis, with policyholders able to pay annually or via 2-Pay, 4-Pay, or 10-Pay installment plans (the latter requiring automatic EFT). Flood capacity is supported by a reinsurance partnership with SwissRe, and home systems/service line endorsements are embedded through Hartford Steam Boiler. Flood premiums start at $150/year, renters at $20/month, and dwelling fire and high-value home pricing scales with property value, location, and risk class. The company is privately held, with no disclosed parent company, investors, or M&A activity.

Name

American Risk Insurance

Legal name

American Risk Insurance Company, Inc.

Website

https://americanriskins.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

51–100 employees

Short description

American Risk Insurance Company, Inc. is a Texas-domiciled regional P&C insurer founded in 2007 that underwrites homeowners, dwelling fire, renters, condo, flood, and Texas commercial property coverage across Texas, Oklahoma, and Louisiana, distributed exclusively through independent agents and rated 'A, Exceptional' by Demotech.

Ownership category

akta.pro rank

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D, Others

Revenue model

1. Insurance Premiums: American Risk Insurance generates revenue through insurance premiums collected from policyholders. The company offers homeowners, renters, condominium, flood, and commercial property insurance products with pricing based on risk assessment, property value, and coverage limits. Premiums are collected on installment plans (2-Pay, 4-Pay, or 10-Pay options) or as annual payments.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

American Risk Insurance Company, Inc. (ARI) is a regional property and casualty insurer that underwrites and sells personal and commercial property insurance products, including homeowners (HO-A, HO-A+, HO-B forms), dwelling fire, high-value home, renters, condominium owner, flood, and commercial property coverage. The company distributes exclusively through independent insurance agents across Texas, Oklahoma, and Louisiana.

Product overview

American Risk Insurance Company (ARI) is a regional property and casualty insurer offering a comprehensive portfolio of personal and commercial insurance products primarily in Texas, Oklahoma, and Louisiana. The personal lines portfolio centers on homeowners insurance with three main policy forms (HO-A, HO-A+, HO-B) providing varying levels of coverage and peril protection, supplemented by dwelling fire policies (TDP-1, TDP-1+), high-value home coverage for homes $450,000-$1,000,000, renters insurance (HO-BT), and condominium owner's insurance (HO-CON-B). ARI also offers flood insurance through a partnership with SwissRe, as well as commercial property insurance in Texas. All products feature common endorsements including Home Systems Protection through Hartford Steam Boiler, with discounts for monitored alarm systems, claims-free renewal, and other factors. The company distributes through independent agents and operates online agency and customer portals.

Differentiator

Problem solved

Functional benefit

Products and services

• Homeowners Form A (HO-A) Standard homeowners insurance covering the structure on an actual cash value basis with named perils including fire, lightning, windstorm, hurricane, hail, explosion, riot, aircraft, vehicles, smoke, vandalism, malicious mischief, and theft. Maximum coverage limit of $1,000,000. Targeted at Texas, Oklahoma, and Louisiana homeowners.
• Homeowners Form A with Plus Endorsement (HO-A+) Enhanced homeowners insurance adding replacement cost on dwelling along with additional named perils, including sudden and accidental discharge of water or steam, falling trees or limbs, objects falling from weight of ice, snow or sleet, and building collapse. Maximum coverage limit of $1,000,000.
• Homeowners Form B (HO-B) Comprehensive homeowners insurance with replacement cost on dwelling and broadest coverage of perils. Includes legal liability protection for bodily injury and/or property damage to others, and additional living expenses. Maximum coverage limit of $1,000,000.
• Dwelling Fire (TDP-1) Basic dwelling fire insurance providing actual cash value coverage on dwelling with covered perils including fire, lightning, windstorm, hurricane, hail, explosion, aircraft, vehicles, riot, civil commotion, vandalism and malicious mischief. $400,000 maximum limit.
• Dwelling Fire with Plus Endorsement (TDP-1+) Enhanced dwelling fire insurance with replacement cost on dwelling and additional covered perils including sudden and accidental discharge of water or steam, falling trees or limbs, objects falling from weight of ice, snow or sleet, and building collapse. $400,000 maximum limit.
• High-Value Homes Special insurance program for homes valued between $450,000 and $1,000,000. Available with HO-B, HO-A+, and HO-A policy forms. Includes increased limits for special items such as jewelry, Home System Protection through HSB, and tile roof eligibility.
• Homeowners Tenant B (HO-BT) Renters Insurance Renters insurance providing coverage for personal belongings on actual cash value basis (replacement cost available), legal liability protection for bodily injury or property damage to others, and additional living expenses if temporarily unable to live in home due to fire or other insured peril. Targeted at Texas renters.
• Homeowners Condominium B (HO-CON-B) Condominium Insurance Condominium owner's policy providing coverage for personal possessions, liability protection for visitors, and interior improvements. Includes optional Condominium Loss Assessment Coverage and Condominium Unit Owners Rental to Others coverage. Targeted at Texas condominium unit owners.
• Flood Insurance Flood insurance offered in Texas in partnership with SwissRe. Rates as low as $150 per year, up to full limits on the home, replacement cost on personal property. Provides coverage beyond standard NFIP flood insurance. Targeted at Texas homeowners.
• Commercial Property Insurance Commercial property insurance for Texas businesses covering fire, burst water pipes, outside sign damage, and other property risks. Targets new office buildings up to 20 stories, shopping centers up to $25 million per building, new condominiums and townhouses. $25 million capacity per location available.

Quantifiable outcome

• No rate increases in years (as of 2016)
• +1 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• SwissRecoreTechnology or Integration · 1 February 2020American Risk Insurance partnered with SwissRe, one of the largest reinsurers in the world, to offer Flood Insurance in Texas. SwissRe provides reinsurance capacity supporting ARI's flood insurance product, which offers rates as low as $150/year with up to full limits on the home and replacement cost on personal property.
• Midlands Management CorpcoreChannel Partner/ Reseller/ Distributor · 1 August 2016American Risk Insurance entered into an exclusive partnership with Midlands Management Corp of Oklahoma City for writing homeowners insurance business in Oklahoma. Midlands Management Corp is a wholesale brokerage and insurance services leader with over 25 years of experience protecting critical financial assets.
• Demotech, Inc.minorOthersDemotech, Inc. is a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers. Since 1985, Demotech has served the insurance industry by assigning Financial Stability Ratings (FSRs) for Property & Casualty insurers and Title underwriters.

Scale indicators3 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Tower Hill Insurance Group: Florida-based regional property and casualty insurer focused on homeowners in catastrophe-exposed states, distributed through independent agents. Closely comparable to ARI in product mix, distribution model, and Gulf Coast / coastal-state focus.
• Heritage Property & Casualty Insurance: Regional homeowners specialist writing catastrophe-exposed property in Florida and other coastal states through independent agents. Directly comparable in product concentration, geographic exposure, and target customer base.
• Florida Peninsula Insurance Company: Florida-focused homeowners insurance carrier distributing through independent agents. Same personal lines product focus, independent agent distribution, and catastrophe-exposed operating geography as ARI.
• HCI Group (Homeowners Choice): Specialty property and casualty insurance holding company focused on homeowners insurance in catastrophe-prone states. Similar single-line personal property focus and catastrophe-driven risk profile.
• SageSure Insurance Managers: Manages multiple carrier brands writing homeowners insurance in catastrophe-exposed states through independent agents. Comparable product, distribution, and Gulf/Atlantic coastal exposure profile to ARI.
• Universal Property & Casualty Insurance: Subsidiary of Universal Insurance Holdings writing homeowners insurance in catastrophe-exposed states. Comparable homeowners focus, independent agent distribution, and regional carrier scale.
• Prepared Insurance Company: Regional homeowners insurance carrier focused on catastrophe-exposed states. Directly comparable in product line, target customer, and independent agency distribution approach.
• Anchor Insurance Holdings: Florida-based regional property and casualty insurer specializing in coastal homeowners. Similar product, distribution, and catastrophe-exposed geographic model to ARI.
• Security First Insurance Company: Florida-based homeowners insurance specialist with similar independent agent distribution model and catastrophe-exposed risk profile to ARI.

Broad incumbents

• American Strategic Insurance (Progressive): A Progressive subsidiary writing homeowners and coastal property insurance across multiple states. Compares to ARI as a larger, more diversified homeowners specialist with broader geographic reach and capital backing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/american-risk-insurance

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about American Risk Insurance