--- title: "Ategrity Specialty Holdings LLC | 10-Q: FY2026 Q1 Revenue: USD 128.96 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285624686.md" datetime: "2026-05-07T21:34:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285624686.md) - [en](https://longbridge.com/en/news/285624686.md) - [zh-HK](https://longbridge.com/zh-HK/news/285624686.md) --- # Ategrity Specialty Holdings LLC | 10-Q: FY2026 Q1 Revenue: USD 128.96 M Revenue: As of FY2026 Q1, the actual value is USD 128.96 M. EPS: As of FY2026 Q1, the actual value is USD 0.51, beating the estimate of USD 0.41. EBIT: As of FY2026 Q1, the actual value is USD 34.23 M. Ategrity Specialty Insurance Company Holdings operates as a single reportable segment, focusing on the excess and surplus (E&S) market for small to medium-sized businesses in the United States using a technology-driven underwriting approach . #### Segment Revenue (for the three months ended March 31, 2026 vs. 2025) - Gross written premiums increased by 23.1% to $142,927 thousand in 2026 from $116,143 thousand in 2025 . This includes Casualty premiums of $104,653 thousand (73.2% of GWP) in 2026, up from $82,140 thousand (70.7% of GWP) in 2025, and Property premiums of $38,274 thousand (26.8% of GWP) in 2026, up from $34,003 thousand (29.3% of GWP) in 2025 . - Net written premiums rose by 32.1% to $118,706 thousand in 2026 from $89,871 thousand in 2025 . - Net earned premiums increased by 34.4% to $105,210 thousand in 2026 from $78,301 thousand in 2025 . - Fee income significantly increased by 297.1% to $2,224 thousand in 2026 from $560 thousand in 2025, primarily due to the implementation of market-standard policy-related fees . - Net investment income grew by 52.5% to $12,042 thousand in 2026 from $7,895 thousand in 2025, attributed to additional investments and income from loans to affiliates . - Net realized and unrealized gains on investments were $9,464 thousand in 2026, a significant improvement from - $4,599 thousand in losses in 2025, mainly from Utility and Infrastructure investments . - Total revenues reached $128,964 thousand in 2026, compared to $83,122 thousand in 2025 . #### Operational Metrics (for the three months ended March 31, 2026 vs. 2025) - Losses and loss adjustment expenses increased by 32.1% to $61,880 thousand in 2026 from $46,862 thousand in 2025 . - Underwriting, acquisition and insurance expenses rose by 29.7% to $32,279 thousand in 2026 from $24,885 thousand in 2025 . - Interest expense decreased by 99.1% to $4 thousand in 2026 from $447 thousand in 2025, due to the termination of letters of credit . - Income before income taxes surged by 220.2% to $34,229 thousand in 2026 from $10,690 thousand in 2025 . - Net income increased by 221.6% to $27,177 thousand in 2026 from $8,450 thousand in 2025 . - Net income attributable to stockholders grew by 201.0% to $25,467 thousand in 2026 from $8,461 thousand in 2025 . #### Unique Metrics (for the three months ended March 31, 2026 vs. 2025) - Underwriting income increased by 86.6% to $13,275 thousand in 2026 from $7,114 thousand in 2025 . - The loss ratio improved to 58.8% in 2026 from 59.8% in 2025, driven by favorable property portfolio performance and lower loss emergence from prior accident years . - The expense ratio improved to 28.6% in 2026 from 31.1% in 2025, due to operating expense leverage and increased fee income . - The combined ratio improved to 87.4% in 2026 from 90.9% in 2025, indicating an underwriting profit . - Return on stockholders’ equity was 16.4% in 2026, compared to 8.2% in 2025 . - Adjusted return on stockholders’ equity was 16.4% in 2026, compared to 8.3% in 2025 . - Diluted earnings per share were $0.51 in 2026, compared to $0.20 in 2025 . #### Cash Flow (for the three months ended March 31, 2026 vs. 2025) - Net cash provided by operating activities was $42,031 thousand in 2026, up from $20,954 thousand in 2025, driven by business growth and the timing of premium receipts and claim payments . - Net cash used in investing activities was - $22,198 thousand in 2026, compared to - $21,747 thousand in 2025 . - Net cash provided by (used in) financing activities was - $2,077 thousand in 2026, compared to $13,143 thousand in 2025 . - Cash and cash equivalents at the end of the period were $47,477 thousand in 2026, compared to $38,924 thousand in 2025 . #### Future Outlook and Strategy Growth initiatives and an expanding distribution network are driving increases in gross and net written premiums for Ategrity Specialty Insurance Company Holdings . The company aims to maintain underwriting profitability, targeting a combined ratio below 100% . To manage capital, the Board of Directors authorized a $50 million share repurchase program on February 12, 2026 . ### Related Stocks - [ASIC.US](https://longbridge.com/en/quote/ASIC.US.md) ## Related News & Research - [Ategrity Specialty Insurance Co Holdings CFO Neil Adler files initial beneficial ownership statement](https://longbridge.com/en/news/293249898.md) - [Ategrity Specialty (NYSE:ASIC) Releases Q2 2026 Earnings Guidance](https://longbridge.com/en/news/292324065.md) - [Lido Advisors LLC Boosts Stake in FedEx Corporation $FDX](https://longbridge.com/en/news/293734976.md) - [Energy Income Partners LLC Grows Holdings in Plains GP Holdings, L.P. $PAGP](https://longbridge.com/en/news/294027920.md) - [RIHO Partners LLC Makes New $2.54 Million Investment in Octave Specialty Group, Inc. $OSG](https://longbridge.com/en/news/293912934.md)