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Friday 6 November 2026
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Ategrity Specialty Insurance Company Holdings
ASIC Financial Insurance Property & Casualty
Ategrity Specialty Insurance Company Holdings' revenue for fiscal 2025 (year ended December 2025) was $424.3 million, up 23.4% from fiscal 2024.
- Revenue
- +8.18%
- EPS
- −36.2%
- Free cash flow
- +80.8%
Quarter to September 2026, against a year earlier
24.42
0.04
−0.16%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 241 | 344 | 424 | 526 | +32.6% | 517 | 655 | 771 | +22.0% | |
| Gross margin, % | — | — | — | — | — | — | — | 6.24 | 20.37 | 23.30 | 0.00 | +17.1 pt | ||||||
| EBT | — | — | — | — | — | — | — | 13 | 66 | 96 | 128 | +175.7% | ||||||
| EBT margin, % | — | — | — | — | — | — | — | 5.23 | 19.27 | 22.60 | 24.40 | +17.4 pt | ||||||
| Net income | — | — | — | — | — | — | — | 10 | 54 | 76 | 102 | +174.5% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | — | 0.69 | 9.38 | 9.50 | 10.98 | +271.2% | |||||
| Earnings | — | — | — | — | — | — | — | 0.03 | 1.28 | 1.64 | 2.04 | +653.3% | ||||||
| Cash flow | — | — | — | — | — | — | — | 0.24 | 3.43 | 3.30 | 4.38 | +266.9% | ||||||
| Capex | — | — | — | — | — | — | — | 0.00 | 0.00 | (0.14) | (0.09) | n/m | ||||||
| Free cash flow | — | — | — | — | — | — | — | 0.24 | 3.42 | 3.15 | 4.29 | +258.7% | ||||||
| Book value | — | — | — | — | — | — | — | 0.92 | 10.88 | 13.77 | 13.77 | +286.7% | ||||||
| Shares, m | — | — | — | — | — | — | — | 350 | 37 | 45 | 47 | (64.3%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | 19.69 | 19.69 | 13.22 | 11.97 | 17.5 | |||||
| P/S | — | — | — | — | — | — | — | 2.83 | 2.83 | 2.21 | 2.22 | 2.6 | ||||||
| P/B | — | — | — | — | — | — | — | 2.33 | 2.33 | 1.53 | 1.77 | 2.1 | ||||||
| EV/Sales | — | — | — | — | — | — | — | 2.72 | 2.72 | 2.14 | — | 2.5 | ||||||
| EV/FCF | — | — | — | — | — | — | — | 8.56 | 8.56 | 6.46 | — | 7.9 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | 86 | 126 | 147 | 210 | +31.0% | |||||
| Capex | — | — | — | — | — | — | — | — | 0 | (6) | (4) | +3,842.7% | ||||||
| Free cash flow | — | — | — | — | — | — | — | 86 | 125 | 141 | 206 | +28.1% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | (37) | (382) | (408) | (469) | +230.9% | |||||
| Net debt | — | — | — | — | — | — | — | (265) | (27) | (30) | (14) | (66.5%) | ||||||
| Shareholders’ equity | — | — | — | — | — | — | — | 322 | 399 | 615 | 660 | +38.1% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | — | 0.00 | 4.66 | 5.63 | 0.00 | +5.6 pt | |||||
| ROIC | — | — | — | — | — | — | — | 13.71 | 11.13 | 10.24 | 12.42 | (3.5) pt | ||||||
| ROE | — | — | — | — | — | — | — | 0.00 | 12.96 | 14.43 | 0.00 | +14.4 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | 175 | 203 | — | +16.0% | |||||
| Revenue/emp, $m | — | — | — | — | — | — | — | 0.00 | 1.96 | 2.09 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
Ategrity Specialty Insurance Company Holdings vs peers in Insurance Property & Casualty (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| TRUP Trupanion, Inc. | $1.5B | 56.6× | 50.0× | +10.54% (above 0%: growing) | +50.00% (above 0%: growing) | +18.93% (above 0%: growing) | 17.14% | 0.00% | Compare |
| STC Stewart Information Services Corporation | $1.5B | 12.2× | 10.7× | +13.02% (above 0%: growing) | −36.77% (below 0%: shrinking) | −12.37% (below 0%: shrinking) | 64.58% | 8.51% | Compare |
| UVE UNIVERSAL INSURANCE HOLDINGS INC | $1.3B | 5.7× | 7.5× | +9.56% (above 0%: growing) | +32.87% (above 0%: growing) | +34.17% (above 0%: growing) | 24.43% | 16.44% | Compare |
| UFCS United Fire Group, Inc | $1.2B | 9.0× | 11.5× | +10.62% (above 0%: growing) | −10.07% (below 0%: shrinking) | +67.57% (above 0%: growing) | 33.79% | 11.44% | Compare |
| ASIC Ategrity Specialty Insurance Company Holdings | $1.2B | 12.0× | 11.8× | +8.18% (above 0%: growing) | −36.17% (below 0%: shrinking) | +80.75% (above 0%: growing) | 0.00% | 11.63% | |
| BOW Bowhead Specialty Holdings Inc. | $1.1B | 19.1× | 17.0× | +19.34% (above 0%: growing) | −12.71% (below 0%: shrinking) | +68.59% (above 0%: growing) | 29.41% | 13.72% | Compare |
| HRTG Heritage Insurance Holdings, Inc. | $998.3M | 4.8× | 6.7× | +2.96% (above 0%: growing) | +32.90% (above 0%: growing) | +237.57% (above 0%: growing) | 50.25% | 39.15% | Compare |
| HIPO Hippo Holdings Inc. | $926.2M | 28.3× | 31.6× | +29.35% (above 0%: growing) | −91.48% (below 0%: shrinking) | +414.93% (above 0%: growing) | 100.00% | 6.47% | Compare |
| OIG Orion180 Insurance Group Inc. | $874.5M | — | — | — | — | — | — | — | Compare |
| Median of peers | $1.2B | 12.2× | 11.5× | +10.62% | −10.07% | +67.57% | 33.79% | 11.44% |
Pay and ownership Proxy statement filed 30 April 2026
Ownership
Directors and executive officers, together
84.70%
Stuart J. Zimmer
83.70%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement