Ategrity Specialty Holdings LLC (ASIC) Stock

Ategrity Specialty Holdings LLC (ASIC) is a Financials stock trading at $25.90 (as of 2026-08-21), with a market capitalization of $1.24B and a trailing P/E of 12.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Ategrity Specialty Holdings LLC, through its subsidiaries, provides insurance and reinsurance products to small to medium-sized businesses in the United States. It offers property and casualty insurance. The company was incorporated in 2017 and is based in New York, New York. Ategrity Specialty Holdings LLC is a subsidiary of Zimmer Financial Services Group LLC.

Understand Ategrity Specialty Holdings LLC: how it makes money

Ategrity Specialty Holdings LLC provides property and casualty insurance and reinsurance for small to medium sized businesses in the United States, earning money by collecting premiums for underwriting risk and selling these coverage products through its business.

For a property and casualty insurer, profitability is driven by underwriting results, which are reflected in the Combined Ratio, the combination of the Loss Ratio (claims) and the Expense Ratio (operating costs) relative to the premium base.

Business quality (Strong): Good operating underwriting signals are provided (Combined Ratio, Loss Ratio, Expense Ratio), but there is no segment breakdown provided and no gross margin detail, limiting how precisely investors can attribute performance.

Valuation: At 11× earnings, ASIC trades 13% below the Insurance average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Underwriting profitability in the latest quarter: The Combined Ratio is 87.4 percent, with a Loss Ratio of 58.8 percent and an Expense Ratio of 28.6 percent.
  • Costs and acquisition expenses are being managed: Policy Acquisition Costs as a Percentage of Net Earned Premiums is 17.6 percent, and Operating Expenses Net of Fee Income as a Percentage of Net Earned Premiums is 10.5 percent.

Bear case

  • Claims volatility risk: Catastrophe Losses as a Percent of Net Earned Premium is 4.0 percent, which can increase quickly in adverse periods.
  • Potential for less favorable reserve development: Favorable Development as a Percent of Net Earned Premium is 0.5 percent, which could be lower or reverse over time.
  • Growth still depends on premiums and underwriting execution: Gross Written Premiums are 0.14 USD_B and Net Earned Premiums are 0.11 USD_B, so performance remains sensitive to the relationship between written premiums, earned premiums, and subsequent losses and expenses.
Valuation — source: SEC EDGAR (first-party)
Price$25.90
Market Cap$1.24B
P/E Ratio12.5
EV / EBITDA9.0
Price / Book1.85
Price / Sales2.51
FCF Yield11.8%
DCF Value (model)$29.55
DCF Upside vs Price14.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$424.34M
Net Margin17.4%
Revenue Growth (YoY)45.9%
EPS Growth (YoY)75.0%
FCF Growth (YoY)24.8%
Valuation vs Sector & Industry
Stock P/E12.5
Sector P/E (Financials)15.1
Industry P/E (Insurance)13.0
vs Sector-17.1%
vs Industry-4.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderNuveen, LLC ($14.08M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryInsurance
CEOJustin G. Cohen
Employees175
CountryUS
IPO Date2025-06-11

Related Companies (Business model: Property & Casualty Insurer; 8 closest by market cap; US-domiciled)

  • Kemper Corporation (KMPR)
  • Safety Insurance Group, Inc. (SAFT)
  • United Fire Group, Inc. (UFCS)
  • ProAssurance Corporation (PRA)
  • Universal Insurance Holdings, Inc. (UVE)
  • Bowhead Specialty Holdings Inc. (BOW)
  • Heritage Insurance Holdings, Inc. (HRTG)
  • Root, Inc. (ROOT)
ASIC earnings history · ASIC institutional & insider holders · ASIC KPIs & operating metrics · ASIC financials · ASIC investor presentations & press releases · ASIC SEC filings · ASIC peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.