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Ategrity Specialty Holdings LLC(ASIC)Earnings, Financials & Key Ratios
ASIC•NYSE•Insurance & Managed Care
$19.62
$943M mkt cap·12.3× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryProperty & Casualty InsuranceSub-IndustrySpecialty and excess surplus insurers
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$424M+23.4%
- Combined Ratio77.4%-4.1%
- Net Income$74M+57.2%
- Return on Equity14.6%+11.8%
- Medical Cost Ratio49.99%-27.1%
- Operating Margin22.6%+17.3%
- Net Margin17.44%+27.3%
- ROA5.7%+21.3%
- Equity / Assets41.7%+17.5%
- Book Value per Share13.30+61.6%
- Tangible BV/Share12.65+62.4%
ASIC Key Insights
Ategrity Specialty Holdings LLC (ASIC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Profitable underwriting: 77.4% combined ratio
- ✓Low loss ratio of 50.0%
- ✓Share count reduced 4.6% through buybacks
- ✓Trading at only 1.5x book value
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
ASIC Price & Volume
Ategrity Specialty Holdings LLC (ASIC) stock price & volume — 10-year historical chart
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ASIC Growth Metrics
Ategrity Specialty Holdings LLC (ASIC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
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Profit CAGR
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EPS CAGR
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Return on Capital
10 Years13.49%
5 Years13.49%
3 Years13.49%
Last Year18.73%
ASIC Recent Earnings
Ategrity Specialty Holdings LLC (ASIC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/5 qtrs (100%)●Beat Revenue 3/5 qtrs (75%)
Q2 2026Latest
Apr 29, 2026EPS
$0.51
Est $0.40
+27.5%
Revenue
$143M
Est $118M
+21.3%
Q1 2026
Feb 19, 2026EPS
$0.51
Est $0.35
+45.7%
Revenue
$154M
Est $106M
+45.1%
Q4 2025
Oct 22, 2025EPS
$0.46
Est $0.33
+39.4%
Revenue
$116M
Est $99M
+17.2%
Q3 2025
Aug 11, 2025EPS
$0.41
Est $0.31
+32.3%
Revenue
$102M
Est $107M
-5.1%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $0.51vs $0.40+27.5% | $143Mvs $118M+21.3% |
| Q1 2026 | Feb 19, 2026 | $0.51vs $0.35+45.7% | $154Mvs $106M+45.1% |
| Q4 2025 | Oct 22, 2025 | $0.46vs $0.33+39.4% | $116Mvs $99M+17.2% |
| Q3 2025 | Aug 11, 2025 | $0.41vs $0.31+32.3% | $102Mvs $107M-5.1% |
Based on last 5 quarters of dataView full earnings history →
ASIC Peer Comparison
Ategrity Specialty Holdings LLC (ASIC) competitors in Specialty and excess surplus insurers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 JRVR | 207.09M | 4.51 | 5.70 | -2.83% | 4.34% | 4.72% | 0.49 | |
 HRTG | 887.78M | 28.72 | 14.29 | 11.08% | 17.72% | 41.44% | 0.49 | |
 ACGL | 33.74B | 94.70 | 8.15 | 14.27% | 22.07% | 19.02% | 0.11 | |
 RLI | 4.51B | 49.01 | 11.24 | 6.33% | 20.8% | 22% | 0.06 | |
 KNSL | 7.03B | 303.58 | 14.02 | 18.04% | 27.48% | 28.05% | 0.11 | |
 SKWD | 1.95B | 43.84 | 10.77 | 23.18% | 11.82% | 18.15% | 0.12 | |
 WRB | 24.76B | 66.12 | 14.86 | 7.82% | 12.1% | 18.86% | 0.29 | |
 HIG | 36.71B | 133.49 | 10.02 | 7.1% | 14.13% | 22.01% | 0.23 |
Compare ASIC vs Peers
Ategrity Specialty Holdings LLC (ASIC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ASIC Income Statement
Ategrity Specialty Holdings LLC (ASIC) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|
| Revenue | 241.32M | 343.83M | 424.34M |
| Revenue Growth % | - | 42.48% | 23.41% |
| Medical Costs & Claims | 200.31M | 235.93M | 212.15M |
| Medical Cost Ratio % | 83.01% | 68.62% | 49.99% |
| Gross Profit | 41.01M▲ 0% | 107.91M▲ 163.1% | 212.19M▲ 96.6% |
| Gross Margin % | 16.99% | 31.38% | 50.01% |
| Gross Profit Growth % | - | 163.14% | 96.64% |
| Operating Expenses | 28.39M | 41.64M | 116.28M |
| OpEx / Revenue % | 11.76% | 12.11% | 27.4% |
| Depreciation & Amortization | 227K | 699K | 0 |
| Combined Ratio % | 94.77% | 80.73% | 77.4% |
| Operating Income | 12.62M▲ 0% | 66.26M▲ 425.0% | 95.91M▲ 44.7% |
| Operating Margin % | 5.23% | 19.27% | 22.6% |
| Operating Income Growth % | - | 425.03% | 44.75% |
| EBITDA | 12.85M | 66.96M | 97.27M |
| EBITDA Margin % | 5.32% | 19.48% | 22.92% |
| Interest Expense | 2.24M | 2.04M | 1.36M |
| Non-Operating Income | -2.24M | -2.04M | -1.36M |
| Pretax Income | 12.62M▲ 0% | 66.26M▲ 425.0% | 95.91M▲ 44.7% |
| Pretax Margin % | 5.23% | 19.27% | 22.6% |
| Income Tax | 2.52M | 12.32M | 19.79M |
| Effective Tax Rate % | 19.95% | 18.59% | 20.63% |
| Net Income | 10.05M▲ 0% | 47.09M▲ 368.7% | 74M▲ 57.2% |
| Net Margin % | 4.16% | 13.7% | 17.44% |
| Net Income Growth % | - | 368.65% | 57.15% |
| EPS (Diluted) | 0.21▲ 0% | 0.96▲ 357.1% | 1.60▲ 66.7% |
| EPS Growth % | - | 357.14% | 66.67% |
| EPS (Basic) | 0.21 | 1.00 | 1.66 |
| Diluted Shares Outstanding | 48.46M | 48.46M | 46.23M |
ASIC Balance Sheet
Ategrity Specialty Holdings LLC (ASIC) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|
| Total Assets | 882.04M | 1.12B | 1.47B |
| Asset Growth % | - | 27.37% | 31.23% |
| Total Investment Assets | 352.94M | 775.39M | 1.08B |
| Long-Term Investments | 254.74M | 284.02M | 830.36M |
| Short-Term Investments | 98.2M | 491.36M | 244.95M |
| Total Current Assets | 590.47M | 916.42M | 587.73M |
| Cash & Equivalents | 264.65M | 26.57M | 29.72M |
| Receivables | 189.37M | 326.37M | 235.82M |
| Other Current Assets | 0 | 0 | 0 |
| Goodwill & Intangibles | 23.25M | 21.55M | 30.2M |
| Goodwill | 0 | 0 | 0 |
| Intangible Assets | 23.25M | 21.55M | 30.2M |
| PP&E (Net) | 0 | 0 | 0 |
| Other Assets | 6.37M | -108.23M | 12.73M |
| Total Liabilities | 559.85M | 724.63M | 859.45M |
| Total Debt | 0 | 0 | 0 |
| Net Debt | -264.65M | -26.57M | -29.72M |
| Long-Term Debt | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 |
| Total Current Liabilities | 549.39M | 718.23M | 855.27M |
| Accounts Payable | 33.57M | 74.41M | 62.75M |
| Deferred Revenue | 173.91M | 212.83M | 281.86M |
| Other Current Liabilities | 320.94M | 403.58M | 502.25M |
| Deferred Taxes | 0 | 0 | 0 |
| Other Liabilities | 10.45M | 6.4M | 4.18M |
| Total Equity | 322.2M▲ 0% | 398.81M▲ 23.8% | 614.86M▲ 54.2% |
| Equity Growth % | - | 23.78% | 54.17% |
| Shareholders Equity | 321.7M | 398.31M | 614.31M |
| Minority Interest | 500K | 500K | 550K |
| Retained Earnings | -12.52M | 34.57M | 108.57M |
| Common Stock | 338.63M | 38K | 48K |
| Accumulated OCI | -4.42M | 3M | 9.22M |
| Return on Equity (ROE) | 3.12% | 13.06% | 14.6% |
| Return on Assets (ROA) | 1.14% | 4.7% | 5.7% |
| Equity / Assets | 36.53% | 35.5% | 41.7% |
| Debt / Equity | - | - | - |
| Book Value per Share | 6.65 | 8.23 | 13.30 |
| Tangible BV per Share | 6.17 | 7.78 | 12.65 |
ASIC Cash Flow Statement
Ategrity Specialty Holdings LLC (ASIC) cash flow — operating, investing & free cash flow history
| Line item | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|
| Cash from Operations | 85.71M | 125.61M | 147.19M |
| Operating CF Growth % | - | 46.56% | 17.18% |
| Operating CF / Revenue % | 35.52% | 36.53% | 34.69% |
| Net Income | 10.1M | 53.95M | 76.13M |
| Depreciation & Amortization | 227K | 699K | 593K |
| Stock-Based Compensation | 27K | 2.01M | 1.02M |
| Deferred Taxes | 0 | 0 | -5.28M |
| Other Non-Cash Items | 3K | -34.83M | -22.27M |
| Working Capital Changes | 75.35M | 103.79M | 97M |
| Cash from Investing | 14.51M | -363.27M | -274.15M |
| Capital Expenditures | 0 | 0 | -6.47M |
| Acquisitions | 0 | 0 | 0 |
| Purchase of Investments | -194.94M | -482.23M | -348.41M |
| Sale/Maturity of Investments | 209.92M | 118.71M | 293.07M |
| Other Investing | -474K | 251K | -212.35M |
| Cash from Financing | 32.27M | -414K | 130.11M |
| Dividends Paid | -2.73M | -414K | -6.86M |
| Share Repurchases | 0 | -414K | -2.74M |
| Stock Issued | 35M | 0 | 144.45M |
| Debt Issuance (Net) | 0 | 0 | 0 |
| Other Financing | 0 | 414K | -4.74M |
| Net Change in Cash | 132.49M▲ 0% | -238.07M▼ 279.7% | 3.15M▲ 101.3% |
| Exchange Rate Effect | 0 | 0 | 0 |
| Cash at Beginning | 132.15M | 264.65M | 26.57M |
| Cash at End | 264.65M | 26.57M | 29.72M |
| Free Cash Flow | 85.71M▲ 0% | 125.61M▲ 46.6% | 140.72M▲ 12.0% |
| FCF Growth % | - | 46.56% | 12.03% |
| FCF Margin % | 35.52% | 36.53% | 33.16% |
| FCF per Share | 1.77 | 2.59 | 3.04 |
ASIC Key Ratios
Ategrity Specialty Holdings LLC (ASIC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Combined Ratio | 94.77% | 80.73% | 77.4% |
| Medical Cost Ratio | 83.01% | 68.62% | 49.99% |
| Return on Equity (ROE) | 3.12% | 13.06% | 14.6% |
| Return on Assets (ROA) | 1.14% | 4.7% | 5.7% |
| Equity / Assets | 36.53% | 35.5% | 41.7% |
| Book Value / Share | 6.65 | 8.23 | 13.3 |
| Revenue Growth | - | 42.48% | 23.41% |
ASIC SEC Filings & Documents
Ategrity Specialty Holdings LLC (ASIC) SEC filings — annual & quarterly reports (10-K, 10-Q)
ASIC Frequently Asked Questions
Ategrity Specialty Holdings LLC (ASIC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Ategrity Specialty Holdings LLC (ASIC) grew revenue by 23.4% over the past year. This is strong growth.
Yes, Ategrity Specialty Holdings LLC (ASIC) is profitable, generating $74.0M in net income for fiscal year 2025 (17.4% net margin).
Dividend & Returns
Yes, Ategrity Specialty Holdings LLC (ASIC) pays a dividend with a yield of 0.76%. This makes it attractive for income-focused investors.
Ategrity Specialty Holdings LLC (ASIC) has a return on equity (ROE) of 14.6%. This is reasonable for most industries.
Industry Metrics
Ategrity Specialty Holdings LLC (ASIC) has a combined ratio of 77.4%. A ratio below 100% indicates underwriting profitability.
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