Loading…
Tech-enabled specialty (excess & surplus) insurer underwriting hard-to-place small commercial risks.
Tech-enabled specialty (excess & surplus) insurer underwriting hard-to-place small commercial risks.
Takes in premiums for coverage that standard insurers decline, sold through wholesale brokers, and earns an underwriting profit when claims and costs stay below premiums, plus investment income on the premiums held before claims are paid. It went public in 2025.
Moat: narrow (process know-how, data). Proprietary underwriting technology aims to price hard-to-place risks faster and more accurately than legacy carriers.
Headquarters: Dallas, Texas, US · Founded: 2018 · Employees: 203
Size Ategrity Specialty Insurance (ASIC) is a United States Financials company (Property/Casualty Insurance) with a market value of $1.16B, the 2157th largest of 3,117 United States companies the cockpit tracks. Shares closed at $24.10 on 6 Nov 2026.
Performance Over six months the shares gained 22.5%, against +18.5% for the median peer and -1.1% for the United States market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue grew 29.8% over the last twelve months (peer median +6.3%); the operating margin is 24.9% (peer median 12.2%).
Valuation It trades at 1.89× book value against a peer median of 1.56× (7th most expensive of 21).
Price implies The share price implies a return on equity of about 9.3%; Ategrity Specialty Insurance delivers 15.8%, so the price asks less than the business earns today.
Short interest Short interest is 0.7% of the free float (15 Oct 2026).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | $526M | $424M | $344M | $241M |
| Revenue growth | — | +23% | +42% | — |
| Net income | $98.8M | $74.0M | $47.1M | $10.0M |
| Free cash flow | n/a | $141M | $126M | $85.7M |
| Capital expenditure | n/a | $6.47M | $164,000 | $66,000 |
| Total debt | n/a | $1.35M | $1.99M | $3.31M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Ategrity Specialty Insurance ASIC | $1.16B | +23% | +30% | 16% | 1.89× | 9.3% |
| Kinsale Capital KNSL | $8.64B | +26% | +8% | 28% | 4.70× | 30.6% |
| Palomar PLMR | $4.10B | +37% | +60% | 22% | 4.16× | 17.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ASIC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.5% | 0.0% | 4th lowest of 21 |
| 6-month return | +22.5% | +18.5% | 7th highest of 20 |
| Return on equity | 15.8% | 14.9% | 9th highest of 20 |
| Price / book | 1.89× | 1.56× | 7th most expensive of 21 |
| Trailing P/E | 12.2× | 10.7× | 8th most expensive of 19 |
| ROE the price implies | 9.3% | 8.9% | 9th most demanding of 20 |
| ROE delivered | 15.8% | 14.9% | 8th highest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Ategrity Specialty Insurance ASIC | United States | $1.16B | +23% | +30% | 16% | 1.89× | 9.3% | 15.8% |
| United Fire UFCS | United States | $1.23B | -1% | +11% | 15% | 1.31× | 9.0% | 14.9% |
| Universal Insurance UVE | United States | $1.29B | +19% | +6% | 41% | 2.00× | 13.1% | 40.8% |
| Heritage Insurance HRTG | United States | $984M | +48% | +2% | 42% | 1.64× | 14.1% | 41.7% |
| Hippo HIPO | United States | $929M | +28% | +21% | 7% | 1.98× | 22.6% | 7.2% |
| Orion180 Insurance OIG | United States | $888M | n/a | +38% | 77% | 73.37× | n/a | n/a |
| Shinkong Insurance 2850.TW | Taiwan | $1.51B | +21% | +22% | 24% | 2.27× | 6.6% | 24.0% |
| Safety Insurance SAFT | United States | $1.53B | +46% | +7% | 8% | 1.75× | 8.9% | 7.8% |
| Employers EIG | United States | $830M | +13% | -13% | 3% | 1.06× | 7.7% | 3.0% |
| Kemper KMPR | United States | $1.97B | +10% | -4% | -19% | 0.90× | 9.4% | -19.3% |
| Horace Mann Educators HMN | United States | $2.16B | +20% | +4% | 12% | 1.46× | 7.9% | n/a |
| Lancashire LRE.L | United Kingdom | $2.24B | +18% | -2% | 22% | 1.49× | 12.7% | 21.8% |
| Porch PRCH | United States | $2.26B | +80% | +20% | n/a | 345.11× | 5,821.2% | n/a |
| Hyundai M&F INS 001450.KS | South Korea | $2.29B | +38% | -5% | 21% | 0.51× | 4.2% | 21.0% |
| HCI HCI | United States | $2.31B | +22% | +23% | 34% | 2.15× | 17.3% | 33.8% |
| Lotte Non-Life Insurance 000400.KS | South Korea | $569M | +18% | +19% | -2% | 0.82× | 5.1% | -2.1% |
| Sabre Insurance SBRE.L | United Kingdom | $565M | +17% | -10% | 15% | 1.72× | 9.5% | 15.0% |
| American Integrity Insurance AII | United States | $528M | +37% | +35% | 26% | 1.43× | 7.8% | 26.2% |
| Hanwha General Insurance 000370.KS | South Korea | $519M | -9% | +15% | 11% | 0.26× | 3.8% | 11.4% |
| Greenlight Capital Re GLRE | United States | $518M | -10% | -1% | 8% | 0.76× | 5.5% | 7.5% |
| Zenkoku Hosho 7164.T | Japan | $2.69B | +1% | +2% | 14% | 1.74× | 6.2% | 14.1% |