Ategrity Specialty Insurance(NYSE) ASIC

Ategrity Specialty Insurance Company Holdings helps businesses find specialized insurance coverage. The company makes buying complex insurance faster using new technology. Its services protect small companies from damage and legal costs.

What ASIC Covers

• Casualty Insurance: Liability protection for industries including retail, hospitality, and construction; represented 64.5% of gross written premiums in the three-month period ended June 30, 2026.
• Property Insurance: Coverage for physical assets against weather-related events and other damages; accounted for 35.5% of gross written premiums in the three-month period ended June 30, 2026.
• Excess and Surplus: Specialized insurance market serving high-risk businesses that cannot find coverage from standard insurance providers.

Expanding the Network

• Completed an initial public offering in June 2025 to fund growth and general corporate operations.
• Launched a share repurchase program in Feb. 2026 authorizing the buyback of up to $50 million in common stock.
• Implemented market-standard policy-related fees throughout 2025 to increase recurring fee income.
• Executed growth initiatives to increase engagement across an expanding distribution network of agents and brokers.

How ASIC Wins

The company uses a technology-driven method called productionized underwriting to automate and simplify insurance transactions. This approach uses micro-segmentation and automated workflows to ensure consistent risk assessment across a high volume of small and medium-sized business policies.

The Financial Scorecard

• Gross written premiums reached $206.8 million in the three-month period ended June 30, 2026, up 23.4% year over year.
• Net income rose to $37.2 million in the three-month period ended June 30, 2026, up 111.0% year over year.
• The non-GAAP underwriting income, which measures insurance profit before investment results, hit $16.0 million in the three-month period ended June 30, 2026.
• The combined ratio improved to 85.9% in the three-month period ended June 30, 2026, indicating higher underwriting profitability compared to 88.9% in the prior-year period.
• Total cash and invested assets grew to $1.2 billion as of June 30, 2026, compared to $1.1 billion as of Dec. 31, 2025.

Bottom Line

Ategrity has transitioned from a private entity to a public specialty insurer focused on the high-volume excess and surplus market. By combining technology-led underwriting with disciplined risk management, the company has scaled its operations across casualty and property lines.