Ategrity Specialty Insurance Co Holdings ASIC

Financials SIC 6331 - Fire, Marine & Casualty Insurance NYSE

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.

Last close 27.40 2026-09-04
Market cap $1.31B 2026-06-30 share count
52-week range 16.35 - 27.90

Valuation FY2025 figures against the last close

P/S3.1x
P/E17.3x
P/FCF9.3x
EV/EBITDA
Dividend yield
Diluted EPS1.58

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023
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 1.641.28
EPS, diluted 1.581.28
Shares, diluted (wtd. avg.) $46.2M$36.6M

Balance sheet

Fiscal year FY2025FY2024FY2023
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 FY2025FY2024FY2023
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.

Others in SIC 6331

TickerCompanyMarket capP/ERevenue growth
CB Chubb Ltd $132.49B 13.3x 6.5%
PGR PROGRESSIVE CORP/OH/ $127.29B 11.4x 16.3%
TRV TRAVELERS COMPANIES, INC. $77.04B 13.5x 5.2%
ALL ALLSTATE CORP $65.63B 6.8x 5.6%
AIG AMERICAN INTERNATIONAL GROUP, INC. $39.85B 14.0x -1.7%
HIG HARTFORD INSURANCE GROUP, INC. $37.48B 10.4x 3.3%
ACGL ARCH CAPITAL GROUP LTD. $33.47B 8.5x 14.3%
CINF CINCINNATI FINANCIAL CORP $26.26B 11.3x 11.4%