Ategrity Specialty Holdings LLC | 10-Q: FY2025 Q3 Revenue: USD 116.1 M

Revenue: As of FY2025 Q3, the actual value is USD 116.1 M.

EPS: As of FY2025 Q3, the actual value is USD 0.45.

EBIT: As of FY2025 Q3, the actual value is USD 30.13 M.

Segment Revenue

• Gross Written Premiums: $143.9 million for the three months ended September 30, 2025, compared to $110.6 million for the same period in 2024, an increase of 30.1%.
• Net Written Premiums: $107.5 million for the three months ended September 30, 2025, compared to $75.9 million for the same period in 2024, an increase of 41.6%.

Operational Metrics

• Net Premiums Earned: $93.7 million for the three months ended September 30, 2025, compared to $72.9 million for the same period in 2024, an increase of 28.6%.
• Loss Ratio: 60.0% for the three months ended September 30, 2025, compared to 62.1% for the same period in 2024.
• Expense Ratio: 28.7% for the three months ended September 30, 2025, compared to 33.2% for the same period in 2024.
• Combined Ratio: 88.7% for the three months ended September 30, 2025, compared to 95.3% for the same period in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $91.9 million for the nine months ended September 30, 2025, compared to $90.9 million for the same period in 2024.
• Net Cash Used in Investing Activities: $215.5 million for the nine months ended September 30, 2025, compared to $231.0 million for the same period in 2024.
• Net Cash Provided by Financing Activities: $131.4 million for the nine months ended September 30, 2025, compared to cash used in financing activities of $0.4 million for the same period in 2024.

Unique Metrics

• Fee Income: $2.2 million for the three months ended September 30, 2025, compared to $0.2 million for the same period in 2024, an increase of approximately $2.0 million.

Future Outlook and Strategy

• Core Business Focus: The company is focused on expanding its casualty-related products and verticals, leveraging its proprietary underwriting platform to deliver tailored insurance products and customized services.
• Non-Core Business: The company has invested in Utility & Infrastructure Investments, which employ an energy and infrastructure-focused long/short strategy.

Priority

• Strategic Growth Initiatives: The company is executing growth initiatives and increasing engagement across its expanding distribution network, which has contributed to the increase in gross written premiums.