Ategrity Specialty (NYSE:ASIC) Issues Earnings Results, Beats Expectations By $0.05 EPS

Posted by George Bondi on Jul 30th, 2026

Ategrity Specialty (NYSE:ASIC – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.05, FiscalAI reports. Ategrity Specialty had a net margin of 19.75% and a return on equity of 15.29%.

Here are the key takeaways from Ategrity Specialty’s conference call:

Record quarterly results: Gross written premiums rose 23.4%, adjusted net income increased to $33.5 million, and underwriting income grew 66.9%. The 85.9% combined ratio improved from 88.9% a year ago, primarily due to operating-expense leverage.
Ategrity expects continued momentum, guiding for third-quarter gross written premium growth of more than 20 percentage points above the E&S market and a combined ratio of approximately 87%.
Growth was broad-based across casualty and property, supported by regional strategies, distribution expansion, new professional and management liability products, and the company’s middle-market brokerage channel.
Management said its technology platform and agentic AI are improving scalability and accelerating product launches; the new Architects and Engineers product reportedly required about 60% fewer resources to bring to market.
Competitive pressure remains elevated across the E&S market, while the loss ratio increased slightly to 58.5% due partly to business mix and catastrophe losses. The quarter also benefited from favorable property reserve development, which may not recur at the same level.

Ategrity Specialty Trading Down 3.6%

Shares of ASIC stock opened at $24.67 on Thursday. Ategrity Specialty has a 1-year low of $16.35 and a 1-year high of $26.00. The stock has a market capitalization of $1.19 billion and a price-to-earnings ratio of 13.27. The stock’s 50-day moving average is $22.30.

Hedge Funds Weigh In On Ategrity Specialty

Several large investors have recently made changes to their positions in the stock. New York State Common Retirement Fund acquired a new stake in Ategrity Specialty in the 4th quarter valued at approximately $27,000. Strs Ohio lifted its stake in Ategrity Specialty by 54.5% during the fourth quarter. Strs Ohio now owns 1,700 shares of the company’s stock worth $36,000 after purchasing an additional 600 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in Ategrity Specialty during the fourth quarter worth $41,000. State of Wyoming boosted its position in shares of Ategrity Specialty by 1,663.6% during the fourth quarter. State of Wyoming now owns 2,469 shares of the company’s stock worth $52,000 after buying an additional 2,329 shares during the period. Finally, State of Alaska Department of Revenue purchased a new position in shares of Ategrity Specialty during the fourth quarter worth $76,000.

Analyst Ratings Changes

ASIC has been the topic of several recent analyst reports. Wall Street Zen raised shares of Ategrity Specialty from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Wells Fargo & Company increased their price target on shares of Ategrity Specialty from $26.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Zacks Research lowered shares of Ategrity Specialty from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 19th. Weiss Ratings upgraded Ategrity Specialty from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Finally, Barclays increased their price objective on Ategrity Specialty from $26.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $28.50.

Get Our Latest Analysis on Ategrity Specialty

Ategrity Specialty Company Profile

(Get Free Report)

We are a profitable and growing specialty insurance company dedicated to providing excess and surplus (“E&S”) products to small to medium-sized businesses (“SMBs”) across the United States. We have built a proprietary underwriting platform that combines sophisticated data analytics with automated and streamlined processes to efficiently serve our clients and deliver long-term value to our stockholders. The SMB market is characterized by large volumes of small-sized policies, and we believe our competitive edge lies in our ability to offer consistent, high-speed, and low-touch interactions that our distribution partners value.