NEW YORK, July 10, 2026--(BUSINESS WIRE)--Ategrity Specialty Insurance Company Holdings (NYSE: ASIC) today announced preliminary financial results for the second quarter ended June 30, 2026, which exceeded the Company's previously communicated outlook and current analyst consensus expectations.
For the second quarter ended June 30, 2026, Ategrity expects to report:
Record gross written premiums of more than $205 million, representing growth exceeding 22% year-over-year and accelerated market share gains relative to E&S stamping office benchmarks.
Combined ratio below 87%, outperforming the Company's previously communicated guidance.
Record diluted earnings per share of more than $0.60, exceeding current analyst consensus expectations of $0.47 per diluted share, with net income attributable to stockholders growing more than 75% year-over-year.
"We are pleased to have delivered another quarter of record production, underwriting profitability and earnings during a quarter in which industry growth remained challenged," said Justin Cohen, Chief Executive Officer. "Our results reflect the strength of our differentiated underwriting platform, the scalability of our operating model and our ability to take market share while expanding profitability."
"Our team delivered record gross written premium while maintaining our technical underwriting standards, and our underwriting results continue to develop favorably," said Chris Schenk, President and Chief Underwriting Officer. "Growth was broad-based, with greater than 20% growth in both property and casualty lines. Our established strategies and products continued to make exceptional contributions, while newer initiatives, including our New England strategy and recently launched products, began contributing meaningfully. We also benefited from an intensified market focus on terms and conditions, particularly in the middle-market segment. Our strategy is to provide insureds with the coverage they need at fair, technically sound rates. As insureds demonstrate a renewed willingness to pay for coverage certainty, we are profitably taking market share."
Separately, the Company today announced the appointment of Neil Adler as Chief Financial Officer, effective July 9, 2026. Mr. Adler will report to Chief Executive Officer Justin Cohen and lead the Company's finance organization.
"I am pleased that Neil has agreed to join Ategrity," said Mr. Cohen. "Neil combines strong financial discipline with a deep understanding of our business and operating model. Having worked closely with him for the past seven years, I have seen firsthand his ability to build scalable financial processes, optimize capital allocation and support profitable growth. Neil has been a trusted advisor to Ategrity since our founding in 2018, and I am confident he is the right leader to help us execute our next phase of growth as we continue to scale our platform."