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Ategrity Specialty Insurance Company Holdings Reports Third Quarter 2026 Results

Business Wire

Record low combined ratio of 84.7% and underwriting income(1) growth of 83.7%

NEW YORK, October 21, 2026--Ategrity Specialty Insurance Company Holdings (NYSE: ASIC) today announced financial results for the quarter ended September 30, 2026. The Company reported net income attributable to stockholders of $14.6 million, or $0.29 per diluted share, compared to $22.7 million, or $0.45 per diluted share, in the prior-year period. Adjusted net income attributable to stockholders(1) was $14.7 million, or $0.29 per diluted share(1).

Third Quarter 2026 Highlights

  • Gross written premiums increased 14.7% to $165.0 million

  • Net income attributable to stockholders was $14.6 million, or $0.29 per diluted share

  • Adjusted net income attributable to stockholders(1) was $14.7 million, or $0.29 per diluted share

  • Combined ratio was 84.7%, compared to 88.7% in Q3 2025

  • Adjusted return on stockholders' equity(1) was 8.9% in Q3 2026 and 15.5% year to date

  • Book value per share at quarter-end was $13.72 per share, up 7.4% from year-end

Chief Executive Officer Justin Cohen said, "Ategrity delivered an exceptional quarter of underwriting performance, achieving a record low combined ratio of 84.7% and underwriting income growth of 83.7%. Business momentum was strong, with submissions growing 30% and gross written premiums increasing approximately 15%, well ahead of industry estimates of E&S premium growth.

"Our results reflect the strength of our differentiated underwriting model and the growing value of our productionized platform. With an expanding portfolio of specialty products, next-generation underwriting technology, and a broader distribution network, we are strengthening our competitive position and creating additional opportunities to capture market share and profitably compound growth."

Underwriting Results

For the quarter ended September 30, 2026, gross written premiums increased 14.7% compared to the prior-year period, driven by execution of our growth initiatives and increased engagement across our expanding distribution network. Gross written premiums in property lines increased 25.0% year-over-year, supported by growth in lower-risk geographies, including the Midwest and New England. Gross written premiums for casualty lines increased 10.0% year-over-year, reflecting the Company's strategic focus on broadening casualty-related products and verticals.

Underwriting income(1) was $19.5 million for the quarter, up 83.7% from $10.6 million in the prior-year period. The combined ratio for the quarter was 84.7%, a decrease from 88.7% in the prior-year period, driven by improvement in both the loss and expense ratios. The loss ratio decreased by 2.5 percentage points to 57.5%, reflecting continued strong loss experience across both property and casualty lines.

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