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Ategrity Specialty Holdings LLC (ASIC)
NYSE:ASIC
Earnings Data
Report Date
Aug 17, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.41Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call was strongly positive: Ategrity reported record quarterly results with substantial top-line growth (GWP +30%, NWP +44%), a best-ever combined ratio (84.9%), meaningful margin expansion (underwriting income +160%, expense ratio improvement of 6.1 points), and healthy balance sheet and investment performance. Management articulated clear growth initiatives (regional plays, Project Heartland), significant distribution momentum, and an operationalized AI roadmap expected to further reduce costs. Primary cautions raised were industry deceleration and marginally higher competition, guidance implying a higher combined ratio next quarter (just below 90%), concentration in the small/midsized E&S niche, catastrophe volatility, and typical execution risks around AI deployment. Overall, the positives materially outweigh the negatives.Company Guidance
Record Top- and Bottom-Line Growth
Gross written premiums grew 30% year-over-year; net written premiums increased 44% YoY; net earned premiums grew 34% YoY. Adjusted net income was $25.4M versus $22.7M a year ago (≈+11.9%).
Best-Ever Combined Ratio and Underwriting Performance
Quarterly combined ratio improved to a record 84.9% from 92.3% a year ago (improvement of 7.4 percentage points). Underwriting income was $15.5M, up 160% YoY.
Line-Level Strength: Casualty and Property
Casualty premiums grew 38% YoY and property premiums grew 18% YoY. Casualty mix remains within target range (~67% this quarter, consistent with 60%-70% target).
Improved Loss and Expense Metrics
Loss ratio improved to 57.1%, down 1.2 points YoY. Overall expense ratio improved by 6.1 points to 27.8%; operating expense was 10.5% of NEP (down 2.4 points) and policy acquisition costs fell to 17.3% from 21%.
Strong Investment and Balance Sheet Results
Net investment income was $11.6M (up from $6.3M YoY, ≈+84%). Realized and unrealized gains were $6.7M. Cash and investments increased $45M QoQ to $1.1B. Book value per share ended at $12.78, up 21% since IPO.
Distribution and Production Momentum
Distribution network expanded to nearly 600 partners; 2025 cohort added ~25% more partners. Submissions increased ~90% YoY; 2023–2024 cohorts delivered >100% same-store growth.
Operational Leverage and Underwriting Efficiency Gains
Underwriting efficiency more than doubled; policy count increased ~3.5x while turnaround times fell, enabling scale without diluting technical rigor and contributing to lower operating expense ratio.
Targeted Strategic Initiatives Driving Growth
About half of quarterly growth came from strategic initiatives (Project Heartland, retail trade, multifamily developer product). Project Heartland and regional plays in Florida, New England and the Midwest provide clear growth pathways.
AI Roadmap and Technology Investment
AI investments over the past 2 years are operationalized in back-office functions (intake, prequalification, data prep); planned embedding of AI into underwriting workflows in 2026 to drive further expense ratio improvement.
Share Repurchase Program
Board authorized a $50M share repurchase program, reflecting excess capital generation and management confidence in intrinsic value.
ASIC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ASIC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 19, 2026 | $17.50 | $21.63 | +23.60% |
Oct 22, 2025 | $18.85 | $18.77 | -0.42% |
Aug 11, 2025 | $18.68 | $19.86 | +6.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ategrity Specialty Holdings LLC (ASIC) report earnings?
Ategrity Specialty Holdings LLC (ASIC) is schdueled to report earning on Aug 17, 2026, After Close (Confirmed).
What is Ategrity Specialty Holdings LLC (ASIC) earnings time?
Ategrity Specialty Holdings LLC (ASIC) earnings time is at Aug 17, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is ASIC EPS forecast?
Currently, no data Available