Ategrity Specialty Insurance Co Holdings ASIC
Ategrity Specialty Insurance Company Holdings is a specialty property and casualty insurance holding company dedicated exclusively to the excess and surplus ("E&S") market for small to medium-sized businesses ("SMBs") across the United States. Our underwriting operations are conducted through Ategrity Specialty Insurance Company, a Delaware-domiciled E&S insurer ("Ategrity Specialty").
We underwrite small and medium-sized commercial risks across selected industry verticals, including Retail, Real Estate, Hospitality, and Construction. The SMB segment of the E&S market is characterized by a high volume of smaller-premium policies, where distribution partners expect speed, clarity, and consistency in the underwriting process. Our operating model uses a technology-driven method to standardize, simplify, and where appropriate, automate these transactions, which we call productionized underwriting. This method incorporates micro-segmentation, centralized underwriting governance, and automated workflows to promote consistent, disciplined execution across a high-volume of E&S transactions.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue | $424.3M | $343.8M | — |
| Interest expense | $1.4M | $2.0M | — |
| Pre-tax income | $95.9M | $66.3M | — |
| Income tax | $19.8M | $12.3M | — |
| Net income | $74.0M | $47.1M | — |
| EPS, basic | 1.64 | 1.28 | — |
| EPS, diluted | 1.58 | 1.28 | — |
| Shares, diluted (wtd. avg.) | 46.2M | 36.6M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Cash and equivalents | $29.7M | $26.6M | $264.6M |
| Property, plant and equipment | $6.7M | $780.0K | — |
| Total assets | $1.47B | $1.12B | — |
| Total liabilities | $859.5M | $724.6M | — |
| Retained earnings | $108.6M | $34.6M | — |
| Total equity | $614.3M | $398.3M | $322.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Operating cash flow | $147.2M | $125.6M | — |
| Depreciation and amortisation | $593.0K | $699.0K | — |
| Stock-based compensation | $1.0M | $2.0M | — |
| Capital expenditure | $6.5M | $164.0K | — |
| Investing cash flow | -$274.2M | -$363.3M | — |
| Financing cash flow | $130.1M | -$414.0K | — |
| Buybacks | $2.7M | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0002040491-26-000011.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | — | $343.8M | $424.3M |
| Gross profit | — | — | — |
| Net income | — | $47.1M | $74.0M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Results announced Item 2.02
- Officer or director change Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced Item 2.02
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6331
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