Ategrity Specialty Holdings LLC (ASIC)
NYSE:ASIC
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Earnings Data
Report Date
Aug 17, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.46Last Year’s EPS
0.41Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasizes strong top-line growth, materially improved profitability and operating leverage driven by selective underwriting, regional go-to-market expansion, and investment income gains. Management acknowledged pockets of intensified competition and some mix-driven pressure on attritional losses, but framed these as manageable within a disciplined underwriting strategy. Guidance maintained for continued above-market premium growth and stable combined ratios supports confidence in near-term execution.Company Guidance
Strong Top-Line Growth
Gross written premiums increased 23.1% year-over-year, with growth described as broad-based (casualty premiums +27%, property premiums +13%). Net written premiums rose 32% and net earned premiums increased 34%.
Record Earnings and Profitability
Adjusted net income was $25.6 million versus $8.5 million in the prior-year quarter (up from $8.5M, ~+201%), and underwriting income was $13.3 million, up 87% year-over-year.
Improved Combined Ratio and Loss Metrics
Combined ratio improved to 87.4% from 90.9% last year (improvement of 3.5 percentage points). The loss ratio was 58.8%, down ~1 point year-over-year. Favorable reserve development equaled 0.5% of net earned premium.
Lower Expense Ratios and Operating Leverage
Overall expense ratio improved 2.5 percentage points to 28.6%. Operating expense declined to 10.9% of net earned premium (down 1.4 points), and policy acquisition costs fell to 17.6% from 18.8% (down 1.2 points), reflecting mix, higher fee income and operating leverage.
Stronger Investment and Other Income
Net investment income rose to $12.0 million from $7.9 million (approximately +52%), and realized & unrealized gains were $9.5 million driven by utility and infrastructure holdings. Fee income increased to $2.2 million from $0.6 million (~+267%).
Balance Sheet and Book Value Improvement
Cash and investments increased by $42 million from the prior quarter to $1.15 billion. Book value per share ended the quarter at $13.13, up 24% since the IPO, with book value increasing $17 million driven by retained earnings.
Strategic Growth Initiatives and Distribution Execution
Launched targeted regional strategies in Texas, Florida and New England focused on city- and neighborhood-level opportunities; emphasized small- and middle-market verticals (construction, hotels, restaurants, retail, mixed-use, wholesale trade) and provided interactive 'city guides' to distribution partners to drive submission growth.
Technology and Operating Model Investments
Management highlighted investments in automation and AI to drive scale and faster turnaround; cited that these initiatives are in pilot phases and expected to deliver further expense leverage over time.
Forward Guidance
For Q2 FY2026 management reiterated guidance: expecting direct written premium growth ~20 percentage points above the E&S market and an underwriting combined ratio in the 87s, indicating continued improvement and market-share gains.
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 |
|---|---|---|---|
Apr 29, 2026 | $20.51 | $19.00 | -7.36% |
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?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ASIC EPS forecast?
ASIC EPS forecast for the fiscal quarter 2026 (Q2) is 0.46.