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Ategrity Specialty Holdings LLC (ASIC) 10-Year Financial Performance & Capital Metrics

ASIC • • Insurance & Managed Care
Financial ServicesProperty & Casualty InsuranceCommercial Lines InsuranceMiddle Market Commercial
AboutAtegrity Specialty Holdings LLC, through its subsidiaries, provides insurance and reinsurance products to small to medium-sized businesses in the United States. It offers property and casualty insurance. The company was incorporated in 2017 and is based in New York, New York. Ategrity Specialty Holdings LLC is a subsidiary of Zimmer Financial Services Group LLC.Show more
  • Revenue $344M +42.5%
  • Combined Ratio 80.73% -14.8%
  • Net Income $47M +368.7%
  • Return on Equity 13.06% +318.9%
  • Medical Cost Ratio 68.62% -17.3%
  • Operating Margin 19.27% +268.5%
  • Net Margin 13.7% +228.9%
  • ROA 4.7% +312.2%
  • Equity / Assets 35.5% -2.8%
  • Book Value per Share 8.23 +23.8%
  • Tangible BV/Share 8.23 +23.8%
  • Debt/Equity -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Profitable underwriting: 80.7% combined ratio
  • ✓Strong Piotroski F-Score: 7/9

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-

EPS CAGR

10Y-
5Y-
3Y-
TTM-

ROCE

10Y Avg11.53%
5Y Avg11.53%
3Y Avg11.53%
Latest6.61%

Peer Comparison

Middle Market Commercial
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
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Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
ASICAtegrity Specialty Holdings LLC884.91M18.4119.1842.48%14.98%9.58%14.19%
SKWDSkyward Specialty Insurance Group, Inc.2.05B46.4816.2028.17%10.55%14.69%14.66%0.15

Profit & Loss

Dec 2023Dec 2024
Revenue+241.32M343.83M
Revenue Growth %-0.42%
Medical Costs & Claims+200.31M235.93M
Medical Cost Ratio %--
Gross Profit+41.01M107.91M
Gross Margin %--
Gross Profit Growth %-1.63%
Operating Expenses+28.39M41.64M
OpEx / Revenue %--
Depreciation & Amortization227K699K
Combined Ratio %--
Operating Income+12.62M66.26M
Operating Margin %--
Operating Income Growth %-4.25%
EBITDA+12.85M66.96M
EBITDA Margin %--
Interest Expense2.24M2.04M
Non-Operating Income-2.24M-2.04M
Pretax Income+12.62M66.26M
Pretax Margin %--
Income Tax+2.52M12.32M
Effective Tax Rate %--
Net Income+10.05M47.09M
Net Margin %--
Net Income Growth %-3.69%
EPS (Diluted)+0.210.96
EPS Growth %-3.57%
EPS (Basic)0.211.00
Diluted Shares Outstanding48.46M48.46M

Balance Sheet

Dec 2023Dec 2024
Total Assets+882.04M1.12B
Asset Growth %-0.27%
Total Investment Assets+352.94M761.89M
Long-Term Investments352.25M761.61M
Short-Term Investments98.2M491.36M
Total Current Assets+00
Cash & Equivalents264.65M26.57M
Receivables1000K1000K
Other Current Assets-463.7M-657.05M
Goodwill & Intangibles+00
Goodwill00
Intangible Assets00
PP&E (Net)00
Other Assets-352.25M-761.61M
Total Liabilities559.85M724.63M
Total Debt+00
Net Debt-264.65M-26.57M
Long-Term Debt00
Short-Term Debt00
Total Current Liabilities+00
Accounts Payable33.57M74.41M
Deferred Revenue00
Other Current Liabilities-42.42M-100.9M
Deferred Taxes00
Other Liabilities00
Total Equity+322.2M398.81M
Equity Growth %-0.24%
Shareholders Equity321.7M398.31M
Minority Interest500K500K
Retained Earnings-12.52M34.57M
Common Stock338.63M360.74M
Accumulated OCI-4.42M3M
Return on Equity (ROE)0.03%0.13%
Return on Assets (ROA)0.01%0.05%
Equity / Assets--
Debt / Equity--
Book Value per Share6.658.23
Tangible BV per Share--

Cash Flow

Dec 2023Dec 2024
Cash from Operations+85.71M125.61M
Operating CF Growth %-0.47%
Operating CF / Revenue %--
Net Income10.1M53.95M
Depreciation & Amortization227K699K
Stock-Based Compensation27K2.01M
Deferred Taxes00
Other Non-Cash Items3K-34.83M
Working Capital Changes75.35M103.79M
Cash from Investing+14.51M-363.27M
Capital Expenditures00
Acquisitions00
Purchase of Investments-194.94M-482.23M
Sale/Maturity of Investments1000K1000K
Other Investing-474K251K
Cash from Financing+32.27M-414K
Dividends Paid-2.73M-414K
Share Repurchases0-414K
Stock Issued35M0
Debt Issuance (Net)00
Other Financing0414K
Net Change in Cash+132.49M-238.07M
Exchange Rate Effect00
Cash at Beginning132.15M264.65M
Cash at End264.65M26.57M
Free Cash Flow+85.71M125.61M
FCF Growth %-0.47%
FCF Margin %--
FCF per Share1.772.59

Key Ratios

Metric20232024
Combined Ratio94.77%80.73%
Medical Cost Ratio83.01%68.62%
Return on Equity (ROE)3.12%13.06%
Return on Assets (ROA)1.14%4.7%
Equity / Assets36.53%35.5%
Book Value / Share6.658.23
Revenue Growth-42.48%

Frequently Asked Questions

Valuation & Price

Ategrity Specialty Holdings LLC (ASIC) has a price-to-earnings (P/E) ratio of 19.2x. This is roughly in line with market averages.

Growth & Financials

Ategrity Specialty Holdings LLC (ASIC) grew revenue by 42.5% over the past year. This is strong growth.

Yes, Ategrity Specialty Holdings LLC (ASIC) is profitable, generating $56.5M in net income for fiscal year 2024 (13.7% net margin).

Dividend & Returns

Ategrity Specialty Holdings LLC (ASIC) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.

Ategrity Specialty Holdings LLC (ASIC) has a return on equity (ROE) of 13.1%. This is reasonable for most industries.

Industry Metrics

Ategrity Specialty Holdings LLC (ASIC) has a combined ratio of 80.7%. A ratio below 100% indicates underwriting profitability.

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