ASIC · Ategrity Specialty Holdings LLC

Ategrity Specialty Insurance Company Holdings reported exceptional first quarter 2026 results, with net income attributable to stockholders surging 201% to $25.5 million ($0.51 per diluted share) from $8.5 million ($0.20 per share) in the prior-year period. The strong performance was driven by robust underwriting results, as underwriting income increased 86.6% to $13.3 million, reflecting a combined ratio improvement of 3.5 percentage points to 87.4%. The loss ratio improved to 58.8% from 59.8%, supported by favorable property loss experience and lower attritional losses, while the expense ratio declined to 28.6% from 31.1% due to operating expense leverage and lower policy acquisition costs. Gross written premiums grew 23.1% to $142.9 million, led by casualty lines (up 27.4%) and property lines (up 12.6%), driven by execution of growth initiatives and expanded distribution. Net investment income rose 52.5% to $12.0 million, and net realized and unrealized gains on investments swung to a gain of $9.5 million from a loss of $4.6 million. Management highlighted strategic initiatives including new regional strategies in Texas, Florida, and New England, as well as automation and AI investments to further expand margins. Book value per share increased 24.3% year-over-year to $13.13, and adjusted return on stockholders' equity reached 16.4%. The company did not provide forward guidance in the release.