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Ategrity Specialty Insurance Company Holdings, through its subsidiaries, provides excess and surplus lines insurance and reinsurance products to small and medium-sized businesses in the United States. The company offers property and casualty insurance solutions, including general liability, commercial property, management liability, miscellaneous PL, allied healthcare, and architects and engineers insurance products to the retail, real estate, hospitality, and construction sectors. It markets and distributes its products through brokerage and small business channels. The company was formerly known as Ategrity Specialty Holdings LLC and changed its name to Ategrity Specialty Insurance Company Holdings in June 2025. Ategrity Specialty Insurance Company Holdings was incorporated in 2017 and is based in New York, New York. Ategrity Specialty Insurance Company Holdings operates as a subsidiary of Zimmer Financial Services Group LLC.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $424M | $97M | $74M | $147M | 12.0% | 23.4% | 57.2% |
| 2024 | $344M | $68M | $47M | $126M | 11.8% | 42.5% | 368.7% |
| 2023 | $241M | $15M | $10M | $86M | 3.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Revenue | 241.32 | 343.83 | 424.34 |
| EBIT | 14.86 | 68.31 | 97.27 |
| Pretax Income | 12.62 | 66.26 | 95.91 |
| Tax Provision | 2.52 | 12.32 | 19.79 |
| Net Income | 10.05 | 47.09 | 74 |
| Net Income Common Stockholders | 10.05 | 46.73 | 73.11 |
| Total Expenses | 228.69 | 277.57 | 328.43 |
| Interest Expense | 2.24 | 2.04 | 1.36 |
| Normalized Income | 10.05 | 47.09 | 74 |
| Basic EPS | 0.21 | 0.99 | 1.64 |
| Diluted EPS | 0.21 | 0.99 | 1.58 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.20 | 0.19 | 0.21 |
| Net Income From Continuing Operation Net Minority Interest | 10.05 | 47.09 | 74 |
| Reconciled Depreciation | 0.23 | 0.70 | 0.59 |
| Net Interest Income | -2.24 | -2.04 | -1.36 |
| Net Income From Continuing And Discontinued Operation | 10.05 | 47.09 | 74 |
| Diluted Average Shares | 48.46 | 47.07 | 46.23 |
| Basic Average Shares | 46.95 | 47.07 | 44.66 |
| Diluted NI Availto Com Stockholders | 10.05 | 46.73 | 73.11 |
| Otherunder Preferred Stock Dividend | 0 | 0.36 | 0.89 |
| Minority Interests | -0.06 | -6.86 | -2.13 |
| Net Income Including Noncontrolling Interests | 10.10 | 53.95 | 76.13 |
| Net Income Continuous Operations | 10.10 | 53.95 | 76.13 |
| Other Income Expense | 0.10 | 0.10 | 1.03 |
| Net Non Operating Interest Income Expense | -2.24 | -2.04 | -1.36 |
| Interest Expense Non Operating | 2.24 | 2.04 | 1.36 |
| Other Operating Expenses | 0.20 | 1.73 | 1.61 |
| Operating Revenue | 241.32 | 343.83 | 424.34 |
| Loss Adjustment Expense | 154.11 | 175.23 | 212.15 |
| Net Policyholder Benefits And Claims | 154.11 | 175.23 | 212.15 |
| Policyholder Benefits Gross | 205.19 | 230.47 | 266.93 |
| Policyholder Benefits Ceded | 51.09 | 55.24 | 54.78 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Ategrity Specialty Insurance Company Holdingsthis co. | ASIC | - | 12.98 | 1.60 | 12.0% | 7.52 |
| Silvercrest Asset Management Group Inc. | SAMG | $107M | 23.59 | 2.04 | 5.8% | 9.86 |
| Sound Financial Bancorp, Inc. | SFBC | $98M | 14.04 | 0.96 | 6.5% | - |
| Kestrel Group Ltd | KG | $89M | 1.12 | 0.58 | 36.4% | - |
| Vroom, Inc. |
| VRM |
| $80M |
| - |
| 0.69 |
| -45.5% |
| 57.65 |
| Siebert Financial Corp. | SIEB | $72M | 13.46 | 0.79 | 5.7% | - |
| eHealth, Inc. | EHTH | $62M | - | 0.10 | 6.8% | 7.11 |
| MarketWise, Inc. | MKTW | $47M | 7.64 | -3.69 | -2.6% | -3.48 |
| GoHealth, Inc. | GOCO | $31M | - | 0.45 | 4834.1% | -7.69 |
| Peer Median | - | 13.46 | 0.63 | 6.1% | 7.11 | |