Ategrity Q2 Earnings Crush Estimates: $0.67 EPS vs $0.53 Consensus, Combined Ratio 85.9%
ASIC sits 51% above its 52-week low of $16.35.
Summary
Ategrity reported Q2 2026 adjusted EPS of $0.67, crushing the $0.53 consensus by 26%. Net income nearly doubled to $33.5M on 23.4% premium growth and a combined ratio of 85.9%.
Key Events · Earnings and Guidance · ASIC
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Record Q2 Earnings Beat
Adjusted net income of $33.5M, or $0.67 per diluted share, exceeded the $0.53 consensus by 26%. Net income attributable to stockholders rose 89.8% year-over-year.
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Premium Growth Accelerates
Gross written premiums grew 23.4% to $206.8M, with casualty up 24.7% and property up 21.3%, driven by expanded distribution and targeted growth initiatives.
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Underwriting Profitability Surges
Underwriting income jumped 66.9% to $16.0M. The combined ratio improved to 85.9% from 88.9%, reflecting a 350-basis-point reduction in the expense ratio to 27.5%.
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Strong Investment Results
Net investment income rose to $12.7M, and net realized and unrealized gains on investments were $18.6M, contributing to total comprehensive income of $36.0M.
Analysis · ASIC · Finance
A blowout quarter saw adjusted EPS of $0.67 beat the $0.53 consensus by 26%. Net income nearly doubled year-over-year, fueled by 23.4% premium growth and a 300-basis-point improvement in the combined ratio to 85.9%. Underwriting income surged 66.9%, and the expense ratio fell to 27.5% as the company's scalable platform gains leverage. This follows a strong Q1 and a pre-announcement earlier this month, but the final numbers confirm accelerating momentum and record profitability. The results reinforce the thesis that Ategrity is taking profitable market share in the E&S space while improving efficiency.
At the time of this filing, ASIC was trading at $24.64 on NYSE in the Finance sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $16.35 to $26.00. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.