Ategrity Specialty Insurance Company Holdings (ASIC) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ASIC SEC filings page.
Ategrity Specialty Insurance Company Holdings (ASIC) reported $424.3M in revenue for fiscal year 2025, up 23.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
ASIC is expanding through faster profit growth and cash generation, while a larger asset base is being carried with less leverage.
The near-match between operating cash flow and free cash flow in FY2024—separated by just$164K —shows that routine capital spending consumed little of the cash produced by operations. In FY2025, investing cash flow was-$274M against$6.5M of capital expenditures; conventional FCF therefore misses the company’s much broader investment deployment, a more important cash-use signal than capex alone.
Net income rose
Assets expanded
Financial Health Signals
Scored against insurers for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Ategrity Specialty Insurance Company Holdings's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Loss Ratio measures the claims an insurer paid out against the premiums it earned, so a lower ratio leaves more of every premium dollar with the company. Ategrity Specialty Insurance Company Holdings scores 60/100 on it among other insurers.
Ategrity Specialty Insurance Company Holdings reported revenue of $424.3M in fiscal year 2025, against $343.8M in fiscal year 2024. Premium Growth ranks insurers on the three-year path of the premiums they write rather than on total revenue, and Ategrity Specialty Insurance Company Holdings scores 94/100 among other insurers.
Ategrity Specialty Insurance Company Holdings funded 41.7% of its assets with shareholders' equity at the end of fiscal year 2025, holding $614.3M of equity against $1.5B of assets. Capital ranks insurers on that cushion, and Ategrity Specialty Insurance Company Holdings scores 82/100 among other insurers.
Not available for Ategrity Specialty Insurance Company Holdings, and counted as zero in the overall score.
Combined Ratio puts claims and running costs together against premiums earned, and a figure under 100% means the underwriting made money before any investment income was counted. Ategrity Specialty Insurance Company Holdings scores 72/100 on it among other insurers.
Ategrity Specialty Insurance Company Holdings reported net income of $74.0M in fiscal year 2025, against $47.1M in fiscal year 2024. Stability ranks insurers on how steady net income has been across five years, and Ategrity Specialty Insurance Company Holdings scores 83/100 among other insurers.
Ategrity Specialty Insurance Company Holdings passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Ategrity Specialty Insurance Company Holdings generates $1.99 in operating cash flow ($147.2M OCF vs $74.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Ategrity Specialty Insurance Company Holdings generated $148.5M in revenue in Q2 2026. This represents an increase of 45.9% from the same quarter a year earlier. Against the prior quarter it is up 15.1%.
Ategrity Specialty Insurance Company Holdings reported $33.5M in net income in Q2 2026. This represents an increase of 89.8% from the same quarter a year earlier. Against the prior quarter it is up 31.4%.
Ategrity Specialty Insurance Company Holdings earned $0.67 per diluted share (EPS) in Q2 2026. This represents an increase of 71.8% from the same quarter a year earlier. Against the prior quarter it is up 31.4%.
Not reported for Q2 2026.
Cash & Balance Sheet
Ategrity Specialty Insurance Company Holdings generated $38.0M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 47.8% from the same quarter a year earlier. Against the prior quarter it is down 7.6%.
Ategrity Specialty Insurance Company Holdings held $33.3M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Ategrity Specialty Insurance Company Holdings's net profit margin was 22.5% in Q2 2026, showing the share of revenue converted to profit. This is up 5.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.8 percentage points.
Ategrity Specialty Insurance Company Holdings's ROE was 5.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.0 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Ategrity Specialty Insurance Company Holdings invested $900K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 78.2% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.
Not reported for Q2 2026.
Not reported for Q2 2026.
ASIC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $148.5M+45.9% | $129.0M+55.2% | $123.3M | $116.1M+30.8% | $101.8M+36.9% | $83.1M | N/A | $88.7M |
| Interest Expense | $4K-99.1% | $4K-99.1% | $72K | $392K-18.3% | $447K-17.8% | $447K | N/A | $480K |
| Income Tax | $9.3M+96.6% | $7.1M+214.8% | $6.7M | $6.1M+82.8% | $4.7M+290.5% | $2.2M | N/A | $3.3M |
| Net Income | $33.5M+89.8% | $25.5M+201.0% | $25.3M | $22.7M+76.2% | $17.6M+256.4% | $8.5M | N/A | $12.9M |
| EPS (Basic) | $0.70+75.0% | $0.53+165.0% | $0.54-5.3% | $0.47+30.6% | $0.40+185.7% | $0.20 | $0.57 | $0.36 |
| EPS (Diluted) | $0.67+71.8% | $0.51+155.0% | $0.52-8.8% | $0.45+25.0% | $0.39+178.6% | $0.20 | $0.57 | $0.36 |
| Diluted Shares (Avg) | 50M+14.4% | 50M+21.2% | N/A | 50M+37.9% | 44M+20.3% | 41M | N/A | 36M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA.
ASIC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.7B+22.0% | $1.5B | $1.5B+31.2% | $1.4B | $1.4B | N/A | $1.1B | N/A |
| Cash & Equivalents | $33.3M+41.6% | $47.5M+22.0% | $29.7M+11.8% | $34.3M-72.4% | $23.5M-75.8% | $38.9M | $26.6M | $124.2M |
| Short-Term Investments | $228.9M-9.1% | $219.9M | $220.2M+318.6% | $223.0M | $251.9M | $0 | $52.6M | $0 |
| Long-Term Investments | $1.8M+530.7% | $280K | $280K0.0% | $280K | $280K | $0 | $280K | $0 |
| Total Liabilities | $993.2M+23.7% | $887.7M | $859.5M+18.6% | $856.4M | $803.0M | N/A | $724.6M | N/A |
| Total Equity | $664.4M+18.7% | $631.0M+47.7% | $614.3M+54.2% | $588.6M+61.3% | $559.7M+65.2% | $427.3M | $398.3M | $364.9M |
| Retained Earnings | $167.5M+176.1% | $134.0M | $108.6M+214.1% | $83.3M | $60.7M | N/A | $34.6M | N/A |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
ASIC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $38.9M+30.4% | $42.0M+100.6% | $55.3M+59.5% | $41.1M+56.7% | $29.8M | $21.0M | $34.7M | $26.2M |
| Depreciation & Amortization | $363K+57.8% | $207K+209.0% | N/A | N/A | $230K | $67K | N/A | N/A |
| Stock-Based Compensation | $222K-37.8% | $220K+35.0% | N/A | $268K+230.9% | $357K+340.7% | $163K | N/A | $81K |
| Capital Expenditures | $900K-78.2% | $899K+3496.0% | N/A | N/A | $4.1M | $25K | N/A | N/A |
| Free Cash Flow | $38.0M+47.8% | $41.1M+96.5% | N/A | N/A | $25.7M | $20.9M | N/A | N/A |
| Investing Cash Flow | -$50.2M+69.4% | -$22.2M-2.1% | -$58.6M+55.7% | -$29.6M-3654.0% | -$164.1M | -$21.7M | -$132.3M | $834K |
| Financing Cash Flow | -$2.8M-102.4% | -$2.1M-115.8% | -$1.3M | -$637K | $118.9M | $13.1M | $0 | $0 |
| Share Buybacks | N/A | N/A | $0 | $0 | N/A | N/A | $0 | $0 |
Not reported in any period shown, so not listed: Dividends Paid.
ASIC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 22.5%+5.2pp | 19.8%+9.6pp | 20.5% | 19.5%+5.0pp | 17.3%+10.7pp | 10.2% | N/A | 14.5% |
| Return on Equity | 5.0%+1.9pp | 4.0%+2.1pp | 4.1% | 3.9%+0.3pp | 3.1%+1.7pp | 2.0% | N/A | 3.5% |
| Return on Assets | 2.0%+0.7pp | 1.7% | 1.7% | 1.6% | 1.3% | N/A | N/A | N/A |
| Debt-to-Equity | 1.49+0.1x | 1.41 | 1.40-0.4x | 1.46 | 1.43 | N/A | 1.82 | N/A |
| Asset Turnover | 0.090.0x | 0.08 | 0.08 | 0.08 | 0.07 | N/A | N/A | N/A |
| FCF Margin | 25.6%+0.3pp | 31.9%+6.7pp | N/A | N/A | 25.3% | 25.2% | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Ategrity Specialty Insurance Company Holdings ASIC | FY2025 | $424.3M | $74.0M | 17.4% | $1.3B | 65/100 |
| Bowhead Specialty Holdings Inc. BOW | FY2025 | $551.6M | $53.8M | 9.8% | $1.1B | 48/100 |
| Safety Insurance Group Inc SAFT | FY2025 | $1.3B | $99.3M | 7.8% | $1.5B | 45/100 |
| Hippo Holdings Inc. HIPO | FY2025 | $468.6M | $62.6M | 13.4% | $844.5M | 33/100 |
| ProAssurance Corporation PRA | FY2025 | $1.1B | $50.9M | 4.6% | $1.3B | 24/100 |
| United Fire Group Inc. UFCS | FY2025 | $1.4B | $118.2M | 8.5% | $1.4B | 41/100 |
Where Ategrity Specialty Insurance Company Holdings Ranks
Frequently Asked Questions
What is Ategrity Specialty Insurance Company Holdings's annual revenue?
Ategrity Specialty Insurance Company Holdings (ASIC) reported $424.3M in total revenue for fiscal year 2025. This represents a 23.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Ategrity Specialty Insurance Company Holdings's revenue growing?
Ategrity Specialty Insurance Company Holdings (ASIC) revenue grew by 23.4% year-over-year, from $343.8M to $424.3M in fiscal year 2025.
Is Ategrity Specialty Insurance Company Holdings profitable?
Yes, Ategrity Specialty Insurance Company Holdings (ASIC) reported a net income of $74.0M in fiscal year 2025, with a net profit margin of 17.4%.
What is Ategrity Specialty Insurance Company Holdings's net profit margin?
Ategrity Specialty Insurance Company Holdings (ASIC) had a net profit margin of 17.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Ategrity Specialty Insurance Company Holdings's return on equity (ROE)?
Ategrity Specialty Insurance Company Holdings (ASIC) has a return on equity of 12.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Ategrity Specialty Insurance Company Holdings's free cash flow?
Ategrity Specialty Insurance Company Holdings (ASIC) generated $140.7M in free cash flow during fiscal year 2025. This represents a 12.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Ategrity Specialty Insurance Company Holdings's operating cash flow?
Ategrity Specialty Insurance Company Holdings (ASIC) generated $147.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Ategrity Specialty Insurance Company Holdings's total assets?
Ategrity Specialty Insurance Company Holdings (ASIC) had $1.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Ategrity Specialty Insurance Company Holdings's capital expenditures?
Ategrity Specialty Insurance Company Holdings (ASIC) invested $6.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Ategrity Specialty Insurance Company Holdings's debt-to-equity ratio?
Ategrity Specialty Insurance Company Holdings (ASIC) had a debt-to-equity ratio of 1.40 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ategrity Specialty Insurance Company Holdings's return on assets (ROA)?
Ategrity Specialty Insurance Company Holdings (ASIC) had a return on assets of 5.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Ategrity Specialty Insurance Company Holdings's P/E ratio?
Ategrity Specialty Insurance Company Holdings (ASIC) trades at 12.6x earnings, its market capitalization divided by net income of $106.8M net income, trailing 12 months to June 30, 2026. The market capitalization is $1.3B as of Sep 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Ategrity Specialty Insurance Company Holdings's price-to-sales ratio?
Ategrity Specialty Insurance Company Holdings (ASIC) trades at 2.6x sales, its market capitalization divided by revenue of $516.9M revenue, trailing 12 months to June 30, 2026. The market capitalization is $1.3B as of Sep 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Ategrity Specialty Insurance Company Holdings's Piotroski F-Score?
Ategrity Specialty Insurance Company Holdings (ASIC) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ategrity Specialty Insurance Company Holdings's earnings high quality?
Ategrity Specialty Insurance Company Holdings (ASIC) has an earnings quality ratio of 1.99x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Ategrity Specialty Insurance Company Holdings?
Ategrity Specialty Insurance Company Holdings (ASIC) scores 65 out of 100 on our Financial Health Score, indicating strong standing within its insurers peer group. The score is a 0-100 composite of six dimensions (Loss Ratio, Premium Growth, Capital, Investment Yield, Combined Ratio, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.