Ategrity Specialty Insurance Co Holdings
Business
Ategrity Specialty Insurance Company Holdings is a specialty property and casualty insurance holding company operating exclusively in the excess and surplus (E&S) market, serving small to medium-sized businesses across the United States. The company underwrites commercial property and casualty risks across retail, real estate, hospitality, and construction verticals using a productionized underwriting model that leverages technology, micro-segmentation, and automated workflows. Ategrity distributes exclusively through licensed surplus lines brokers and wholesale agents via brokerage and small business channels across 48 states and the District of Columbia.
Summary from 10-K filed 2026-07-01
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Gross written premiums | 582 | 437 | |
| Ceded written premiums | −157 | −138 | |
| Net written | 425 | 299 | |
| Change in unearned premiums | −63 | −9 | |
| Net earned | 362 | 291 | |
| Fee income | 7 | 918,000 | |
| Net investment income | 42 | 24 | |
| Net realized and unrealized gains (losses) on investments | 13 | 28 | |
| Other income | 1 | 95,000 | |
| Total revenues | 424 | 344 | |
| Losses and loss adjustment expenses | 212 | 175 | |
| Underwriting, acquisition and insurance expenses | 113 | 99 | |
| Interest expense | 1 | 2 | |
| Other expenses | 2 | 2 | |
| Total expenses | 328 | 278 | |
| Income before income taxes | 96 | 66 | |
| Income tax expense | 20 | 12 | |
| Net income | 76 | 54 | |
| Less: Net income (loss) attributable to non-controlling interest - General Partner | 2 | 7 | |
| Net income attributable to stockholders | 74 | 47 | |
| Unrealized gains (losses), net of taxes | 6 | 7 | |
| Total comprehensive income attributable to stockholders | 80 | 55 | |
| Basic (in dollars per share) | 1.64 | 1.28 | |
| Diluted (in dollars per share) | 1.58 | 1.28 | |
| Basic (in shares) | 45 | 37 | |
| Diluted (in shares) | 46 | 37 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Fixed-maturity securities available-for-sale, at fair value (amortized cost: $546,755 in 2025 and $434,965 in 2024) | 558 | 439 | — | |
| Utility & Infrastructure Investments, at fair value (cost of $15,135 in 2025 and $21,168 in 2024) | 190 | 270 | — | |
| Short-term investments | 220 | 53 | — | |
| Loans to affiliates | 107 | 14 | — | |
| Other invested assets | 280,000 | 280,000 | — | |
| Total invested assets | 1,075 | 775 | — | |
| Cash and cash equivalents | 30 | 27 | — | |
| Investment income due and accrued | 10 | 6 | — | |
| Premiums receivable, net of allowance for credit losses of $8,754 in 2025 and $5,907 in 2024 | 75 | 54 | — | |
| Deferred policy acquisition costs, net of ceding commissions | 30 | 22 | 23 | |
| Prepaid reinsurance premiums | 3 | 4 | — | |
| Deferred income tax asset, net | 13 | 10 | — | |
| Reinsurance recoverable, net of allowance for credit losses of $0 in 2025 and 2024 | 150 | 134 | — | |
| Ceded unearned premiums | 74 | 68 | — | |
| Other assets | 13 | 25 | — | |
| Total assets | 1,474 | 1,123 | — | |
| Reserves for unpaid losses and loss adjustment expenses | 502 | 404 | 321 | |
| Unearned premiums | 282 | 213 | — | |
| Securities sold, not yet purchased, at fair value (cost of $0 in 2025 and $932 in 2024) | 0 | 930,000 | — | |
| Payable to reinsurers | 31 | 27 | — | |
| Due to broker | 0 | 9 | — | |
| Due to affiliates | 32 | 38 | — | |
| Funds held under reinsurance treaties | 2 | 2 | — | |
| Income tax payable | 8 | 26 | — | |
| Other liabilities | 3 | 4 | — | |
| Total liabilities | 859 | 725 | — | |
| Preferred stock, $0.001 par value,100,000,000 shares authorized and none issued or outstanding. | 0 | 0 | — | |
| Common stock, $0.001 par value, 500,000,000 shares authorized, 48,066,674 and 38,386,433 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively. | 48,000 | 38,000 | — | |
| Additional paid-in capital | 496 | 361 | — | |
| Retained earnings | 109 | 35 | — | |
| Accumulated other comprehensive income | 9 | 3 | — | |
| Total stockholders' equity | 614 | 398 | — | |
| Non-controlling interest - General Partner | 550,000 | 500,000 | — | |
| Total stockholders' equity and non-controlling interest | 615 | 399 | 322 | |
| Total liabilities, stockholders' equity and non-controlling interest | 1,474 | 1,123 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Amortization of premium/discount on fixed-maturity securities, available-for-sale | −6 | −4 | |
| Net realized and unrealized gains (losses) on investments | −13 | −28 | |
| Net investment income | −8 | −3 | |
| Depreciation and amortization | 593,000 | 699,000 | |
| Share-based compensation | 1 | 2 | |
| Deferred income taxes | −5 | −4 | |
| Investment income due and accrued | −5 | −5 | |
| Premiums receivable, net | −22 | −4 | |
| Deferred policy acquisition costs, net of ceding commissions | −9 | 2 | |
| Prepaid reinsurance premiums | 977,000 | −4 | |
| Reinsurance recoverable | −17 | −8 | |
| Ceded unearned premiums | −6 | −30 | |
| Other assets | 6 | −19 | |
| Reserves for unpaid losses and loss adjustment expenses | 99 | 83 | |
| Unearned premiums | 69 | 39 | |
| Payable to reinsurers | 4 | 11 | |
| Accounts payable and accrued expenses | −6 | 30 | |
| Funds held under reinsurance treaties | −545,000 | −2 | |
| Income tax payable | −10 | 18 | |
| Other liabilities | −2 | −2 | |
| Net cash provided by operating activities | 147 | 126 | |
| Purchase of fixed-maturity securities, available-for-sale | −338 | −389 | |
| Proceeds from sale of fixed-maturity securities, available-for-sale | 291 | 99 | |
| Proceeds from maturities and redemptions of fixed-maturity securities, available-for-sale | 9 | 18 | |
| Purchases of Utility & Infrastructure Investments | −10 | 0 | |
| Proceeds from redemptions of Utility & Infrastructure Investments | 106 | 414,000 | |
| Loans to affiliates | −93 | 0 | |
| Purchase of property and equipment | −6 | −164,000 | |
| Change in Treasury bills, net | −64 | −39 | |
| Change in short-term investments, net | −168 | −53 | |
| Proceeds from sale of securities sold, not yet purchased | 0 | −348,000 | |
| Purchases to cover securities sold, not yet purchased | 0 | 1 | |
| Proceeds from sale of other invested assets | 0 | 415,000 | |
| Net cash used in investing activities | −274 | −363 | |
| Proceeds from Issuance of Common Stock | 122 | 0 | |
| Payments of initial public offering costs | −5 | 0 | |
| Capital contributions | 23 | 0 | |
| Payments for share repurchases | −3 | 0 | |
| Capital distribution | −7 | −414,000 | |
| Net cash provided by (used in) financing activities | 130 | −414,000 | |
| Net change in cash and cash equivalents | 3 | −238 | |
| Cash paid for interest | 2 | 2 | |
| Cash paid (received) for taxes | 35 | −907,000 | |
| Common stock issued in exchange for U.S. Treasury bills | 0 | 20 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Ategrity Specialty Insurance Co Holdings's CIK number?
Ategrity Specialty Insurance Co Holdings's SEC CIK number is 0002040491 (2040491). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Ategrity Specialty Insurance Co Holdings's SEC filings?
All of Ategrity Specialty Insurance Co Holdings's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Ategrity Specialty Insurance Co Holdings last report earnings?
Ategrity Specialty Insurance Co Holdings (ASIC) most recently filed an earnings 8-K with the SEC on Jul 10, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0002040491-26-000029). This is Ategrity Specialty Insurance Co Holdings's most recent earnings filing of record — not a forecast of its next earnings date.
What is Ategrity Specialty Insurance Co Holdings's most recent earnings 8-K?
Ategrity Specialty Insurance Co Holdings's latest earnings 8-K (Item 2.02) was filed Jul 10, 2026 under accession 0002040491-26-000029. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Ategrity Specialty Insurance Co Holdings's latest earnings 8-K →
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