ASIC

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Ategrity Specialty Insurance Company Holdings (ASIC) released its second quarter and first half 2026 results on July 29, 2026, giving investors new detail on revenue, earnings and profitability trends. For the quarter ended June 30, 2026, the company reported revenue of $148.48 million and net income of $33.45 million. Basic earnings per share from continuing operations were $0.70, with diluted earnings per share at $0.67. Across the first six months of 2026, Ategrity Specialty Insurance Company Holdings recorded revenue of $277.45 million and net income of $58.92 million. Basic earnings per share from continuing operations were $1.23 and diluted earnings per share were $1.18. See our latest analysis for Ategrity Specialty Insurance Company Holdings. Ategrity Specialty Insurance Company Holdings has seen momentum build in recent months, with a 90 day share price return of 22.36% and a year to date share price return of 19.15%, while the 1 year total shareholder return stands at 20.70% as the stock trades at $24.02 following the Q2 2026 earnings release. If the latest results have you thinking about what else is moving in related areas of the market, this could be a good moment to check out 18 top founder-led companies Bulls point to Ategrity Specialty Insurance Company Holdings’ recent earnings and share price gains. Bears focus on the risks of paying up after a strong run. Which side does the current valuation support? The most followed narrative on Ategrity Specialty Insurance Company Holdings pegs fair value at $30.00 per share versus the current $24.02 price, which points to a material gap that some investors are watching closely. Read the complete narrative. Want to see what is driving that higher fair value for Ategrity Specialty Insurance Company Holdings? The narrative leans heavily on underwriting quality, efficiency gains and a specific return profile. Curious how those ingredients combine to support a premium price tag and a sizeable discount to peers on paper? The full breakdown joins those pieces together in a way the headline numbers alone do not. Result: Fair Value of $30.00 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, there are still clear swing factors. Adverse casualty reserve development or issues around the Zimmer affiliated investment portfolio could quickly challenge the bullish Ategrity Specialty Insurance Company Holdings narrative. Find out about the key risks to this Ategrity Specialty Insurance Company Holdings narrative. With sentiment around Ategrity Specialty Insurance Company Holdings running high, this is a good time to review the numbers yourself, compare different views, and act quickly while opinions are still forming. To see which potential bright spots others are focused on, check out the 4 key rewards If Ategrity Specialty Insurance Company Holdings has sharpened your focus, do not stop here. Broaden your watchlist now so you are not chasing the next opportunity too late. Target dependable cash generators by scanning companies with resilient payouts through the 9 dividend fortresses Hunt for quality at a potential discount by zeroing in on companies highlighted in the 55 high quality undervalued stocks Prioritise resilience by focusing on companies screened through the 81 resilient stocks with low risk scores This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASIC. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

This article first appeared on GuruFocus. Release Date: July 29, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Record quarterly results with highest-ever written premiums, underwriting income, and net income. Gross written premiums grew 23.4% year-over-year, significantly outpacing the broader E&S market contraction. Combined ratio improved to 85.9% from 88.9% last year, driven by a lower operating expense ratio of 9.5%. Broad-based growth across casualty (24.7%) and property (21.3%) segments, supported by new products and regional strategies. Technology and AI integration reduced new product launch costs by approximately 60%, enhancing scalability and speed to market. Loss ratio increased slightly to 58.5% from 58.0% last year, partly due to higher catastrophe losses (4.3% vs. 4.1%). Competitive pressure in the E&S market continues to intensify, particularly in property and management liability segments. Mix shift toward the brokerage channel, which carries a higher loss ratio, may pressure underwriting margins. Property pricing was flat to slightly negative, reflecting a soft market and the need to protect renewal portfolios. Net written premium retention declined due to increased reinsurance usage in the brokerage channel, impacting net growth metrics. Here are the key highlights from the Ategrity Specialty Insurance Co Holdings (NYSE:ASIC) Q2 2026 earnings call. Warning! GuruFocus has detected 1 Warning Sign with FINW. Is ASIC fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide more context on the new business submissions you saw? Did the pace of growth accelerate from last quarter? A: (Justin Cohen, CEO) We are not providing the specific number, but we can say that submission growth was in excess of our premium growth. (Chris Schenk, President and Chief Underwriting Officer) We continue to remain selective and are finding excellent opportunities on new business across all products, including property, management liability, and casualty, particularly in low-volatility jurisdictions. Q: How are you thinking about top-line growth between property and casualty, and what are the current pricing conditions in both? A: (Justin Cohen, CEO) We expect to see continued momentum in both property and casualty along the lines of what you saw this quarter. (Chris Schenk, President and Chief Underwriting Officer) We are seeing a lot of momentum in property, driven by unique strategies like Project Heartland and the New England strategy. On rates, we were effectively flat, with low negative single-digits on property as we chose to protect our renewal portfolio. On new business, pricing levels are up slightly year-over-year. Q: What was driving the reserve releases this quarter? A: (Justin Cohen, CEO) This is a continuation of what we discussed last quarter. In the past few years, we booked our property results with a degree of prudence, expecting reported losses to come in over the course of this year. They have not materialized to the degree we expected, which led to the reserve releases. Q: Can you discuss the mix-shift dynamics affecting the year-over-year comparison in the attritional loss ratio? A: (Justin Cohen, CEO) This is driven by the mix shift into our brokerage channel, which has a higher loss ratio than our small business channel. However, this also drives our commission ratio lower, creating an offsetting dynamic. There has been no change in our underlying loss picks by line of business and channel. Q: Do you see a lot of geographic opportunity beyond the regions you've already entered, and can you provide more clarity on your middle market segment growth? A: (Chris Schenk, President and Chief Underwriting Officer) The regional strategies are not just a benefit to us; they fill a market need for our partners. The initial entry creates residual benefits, such as seeing attractive business in Wyoming because we were in Nebraska. (Justin Cohen, CEO) From a middle market perspective, we have been growing in our brokerage channel in a meaningful way, which is part of the numbers you are seeing. Q: Does it get harder to find unique niches as the market becomes more competitive? A: (Chris Schenk, President and Chief Underwriting Officer) We believe we are in unique spaces because we took the time to understand them and provide a unique solution. Most of our peers take a generic approach, which gives us more momentum and opportunities. Our competitive advantage is our ability to quickly go from research to deployment of solutions in a matter of weeks. Q: Can you give some color on the CFO transition and what led to it? A: (Justin Cohen, CEO) This was a scheduled expiration of an existing contract. We are excited to have Neil Adler join as CFO. He has been involved with the business since its foundation and takes a forward-looking view on scaling the business. (Neil Adler, CFO) I've been involved since the founding, and everything I've seen since taking the reins reinforces that it's an experienced finance group with established processes. Q: How are the staffing plans unfolding in the claims operation as you grow? A: (Justin Cohen, CEO) We have over 30 people on our in-house claims team with a sophisticated staffing model to ensure we are ahead of the curve. We are well-resourced for the claim volume we are receiving and are also deploying technology. (Chris Schenk, President and Chief Underwriting Officer) In parallel with our core operating system, we have been deploying new capabilities on the claims side, including integration estimation tools and new functionality for case reserves. We are looking for strong people, not just more man-hours. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in Ategrity Specialty? Here are five stocks we like better. Record growth: Ategrity’s gross written premiums rose 23.4% year over year, with casualty up 24.7% and property up 21.3%, despite a contracting E&S market. Profitability strengthened: Adjusted net income reached $33.5 million, while underwriting income increased 66.9% to $16 million. The combined ratio improved to 85.9%, mainly due to lower expense ratios. Positive outlook: Management expects third-quarter gross written premium growth to exceed the E&S market by more than 20 percentage points and forecasts a combined ratio of approximately 87%. Ategrity Specialty (NYSE:ASIC) reported record quarterly written premiums, underwriting income and net income for its second quarter of fiscal 2026, as the specialty insurer grew premiums across its casualty and property businesses despite what management described as a contracting excess-and-surplus, or E&S, market. Gross written premiums increased 23.4% from a year earlier, including 24.7% growth in casualty premiums and 21.3% growth in property premiums. Net written premiums rose 30.8%, while net earned premiums increased 30.9%. → This Tiny AI Supplier Could Be More Important Than the Chipmakers Chief Executive Officer Justin Cohen said the company’s growth exceeded industry conditions and was supported by expanded distribution relationships, regional initiatives and products introduced during the past year. He said both casualty and property premium growth surpassed 20%. “In a quarter in which the E&S industry contracted as a whole, we produced 23.4% growth in gross written premiums alongside an 85.9% combined ratio, with both metrics well ahead of guidance,” Cohen said. → Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There? Adjusted net income rose to $33.5 million from $17.9 million in the prior-year quarter. Adjusted earnings were $0.67 per diluted share. Underwriting income increased 66.9% year over year to $16 million. The combined ratio improved to 85.9% from 88.9% a year earlier. The improvement was primarily driven by expenses, with the overall expense ratio declining 3.5 percentage points to 27.5%. → Innovative ETF Strategies That Are Paying Off This Summer Chief Financial Officer Neil Adler said the underwriting operating expense ratio fell 2.9 points to 9.5% of net earned premiums, reflecting premium growth that outpaced operating expenses as well as higher fee income. Policy acquisition costs declined to 17.9% of net earned premiums, from 18.5% in the prior-year period. Fee income increased to $3.4 million from $1.5 million, driven by standard policy fees introduced during 2025. The loss ratio was 58.5%, up 0.5 percentage point year over year. Adler said the increase reflected a continued shift toward the brokerage channel, which carries a higher booked loss ratio than the company’s small-business channel, as well as lower catastrophe activity in the year-earlier period. Catastrophe losses represented 4.3% of net earned premiums, compared with 4.1% a year earlier. The company also recorded favorable prior-year reserve development equivalent to 0.9% of net earned premiums. Cohen said the reserve release was related to property business, where losses had not emerged to the degree the company had anticipated when it established reserves. Management said it saw no material favorable or adverse casualty reserve development during the quarter. Cohen said actual casualty reporting has been below expectations, which management views as evidence of the portfolio’s performance. President and Chief Underwriting Officer Chris Schenk said the quarter’s growth reflected a larger renewal portfolio and broad-based new-business activity. Submission growth exceeded premium growth, he said, while the company remained selective in underwriting. Schenk pointed to Project Heartland, Ategrity’s regional strategy in the Midwest, and its New England initiative, which launched in April, as contributors to growth. The company also cited accelerating property growth and contributions from newer professional liability and management liability products. On pricing, Schenk said property rates were effectively flat to down by low-single-digit percentages. He said Ategrity opted to preserve certain well-performing renewal accounts in regions important to its portfolio balance. New-business property pricing, meanwhile, was slightly higher year over year, according to Schenk. Management said it continues to identify opportunities in smaller and medium-sized businesses, including through the brokerage channel. Cohen described the small-business channel as covering more micro-sized accounts, while brokerage business includes accounts in the company’s mid-sized range. The brokerage mix shift has reduced policy acquisition costs but increased the booked loss ratio and reinsurance use, management said. Cohen also said the higher level of brokerage business contributed to an unusually low quarterly retention level, as mid-sized accounts use more reinsurance programs and placements. Schenk said Ategrity’s modular technology architecture allows the company to reuse capabilities across products, channels and growth initiatives. He said the company is using agentic artificial intelligence across functions including marketing and governance. The company brought its Architects and Engineers product to market earlier in the month using an estimated 60% fewer resources because of AI, Schenk said. He said the company has “all but eliminated” the fixed cost of launching a new product while accelerating its speed to market. Ategrity also said it has more than 30 employees on its in-house claims team. Cohen said the company uses a staffing model based on actual versus expected claim counts and is focused on ensuring it remains appropriately resourced as claims volume grows. Schenk said the company has been adding claims capabilities product by product, including integration and estimation tools, more precise case-reserving functionality and processes intended to place claims on appropriate paths to resolution. Net investment income increased to $12.7 million from $11.9 million a year earlier, as a larger investment portfolio partly offset lower short-term interest rates. Realized and unrealized gains totaled $18.6 million, or $14.9 million after non-controlling interest, supported by results in the company’s utility and infrastructure portfolio. Cash and investments rose by $62.3 million from the first quarter to $1.2 billion. Book value increased by $33.4 million during the quarter, supported by retained earnings and an increase in accumulated other comprehensive income, partially offset by repurchases under the company’s stock buyback program. Book value per share ended the quarter at $13.86, up 31% since Ategrity’s initial public offering. For the third quarter, Cohen said Ategrity expects gross written premiums to grow more than 20 percentage points above the E&S market and forecast a combined ratio of about 87%, which would represent a year-over-year improvement. We are a profitable and growing specialty insurance company dedicated to providing excess and surplus (“E&S”) products to small to medium-sized businesses (“SMBs”) across the United States. We have built a proprietary underwriting platform that combines sophisticated data analytics with automated and streamlined processes to efficiently serve our clients and deliver long-term value to our stockholders. The SMB market is characterized by large volumes of small-sized policies, and we believe our competitive edge lies in our ability to offer consistent, high-speed, and low-touch interactions that our distribution partners value. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Ategrity Specialty Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Ategrity Specialty Insurance Company Holdings (ASIC) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.41 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +8.07%. A quarter ago, it was expected that this company would post earnings of $0.4 per share when it actually produced earnings of $0.51, delivering a surprise of +27.5%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Ategrity Specialty Insurance Company Holdings, which belongs to the Zacks Insurance - Multi line industry, posted revenues of $129.89 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 8.09%. This compares to year-ago revenues of $101.78 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Ategrity Specialty Insurance Company Holdings shares have added about 21.8% since the beginning of the year versus the S&P 500's gain of 8.5%. While Ategrity Specialty Insurance Company Holdings has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Ategrity Specialty Insurance Company Holdings was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.49 on $143.87 million in revenues for the coming quarter and $2.16 on $561.68 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Multi line is currently in the bottom 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Hippo Holdings Inc. (HIPO), another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 30. This company is expected to post quarterly earnings of $0.21 per share in its upcoming report, which represents a year-over-year change of -67.7%. The consensus EPS estimate for the quarter has been revised 28.6% lower over the last 30 days to the current level. Hippo Holdings Inc.'s revenues are expected to be $137.95 million, up 17.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ategrity Specialty Insurance Company Holdings (ASIC) : Free Stock Analysis Report Hippo Holdings Inc. (HIPO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Combined ratio of 85.9% drives underwriting income growth of 66.9% and record earnings NEW YORK, July 29, 2026--(BUSINESS WIRE)--Ategrity Specialty Insurance Company Holdings (NYSE: ASIC) today announced financial results for the quarter ended June 30, 2026. The Company reported net income attributable to stockholders of $33.5 million, or $0.67 per diluted share, compared to $17.6 million, or $0.39 per diluted share, in the prior-year period. Adjusted net income attributable to stockholders(1) was $33.5 million, or $0.67 per diluted share(1). Second Quarter 2026 Highlights Gross written premiums increased 23.4% to $206.8 million Net income attributable to stockholders was $33.5 million, or $0.67 per diluted share, up 89.8% Adjusted net income attributable to stockholders(1) was $33.5 million, or $0.67 per diluted share Combined ratio was 85.9%, compared to 88.9% in Q2 2025 Adjusted return on stockholders’ equity(1) was 20.7% Book value per share at quarter-end was $13.86 per share, up 8.5% from year-end Chief Executive Officer Justin Cohen said, "Ategrity delivered another quarter of record production, underwriting profitability and earnings, with gross written premium growth of 23.4%, a combined ratio of 85.9% and adjusted net income growth of 87.9%. These results demonstrate the strength of our productionized underwriting platform, and our ability to take market share while expanding profitability. "The scalability of our model was evident this quarter, as our expense ratio improved 350 basis points to 27.5%, contributing to a 66.9% increase in underwriting income. We continue to see opportunities to drive further efficiencies through automation and streamlined processes while executing our disciplined underwriting approach. As we continue to scale, we believe our model is positioned to deliver attractive returns for shareholders and exceptional value to our distribution partners." Underwriting Results For the quarter ended June 30, 2026, gross written premiums increased 23.4% compared to the prior-year period, driven by execution of our growth initiatives and increased engagement across our expanding distribution network. Gross written premiums for casualty lines increased 24.7% year-over-year, reflecting the Company’s strategic focus on broadening casualty-related products and verticals. Gross written premiums in property lines increased 21.3% year-over-year, with contribution from growth in lower-risk geographies, including the Midwest and New England. Underwriting income(1) was $16.0 million for the quarter, up 66.9% from $9.6 million in the prior-year period. The combined ratio for the quarter was 85.9%, a decrease from 88.9% in the prior-year period, driven by improvement in the expense ratio. The loss ratio increased by 0.5 percentage points to 58.5%, reflecting a shift in business mix toward our Brokerage channel in recent periods and lower catastrophe activity in the prior-year period. The overall expense ratio was 27.5% for the quarter, compared to 31.0% in the prior-year period, driven by operating expense leverage and lower net policy acquisition costs. Operating expenses, net of fee income, decreased as a percentage of net earned premiums by 2.9 percentage points to 9.5%, reflecting emerging scale benefits of our centralized model and stronger fee income. Policy acquisition costs also improved, decreasing by 0.6 percentage points to 17.9% of net earned premiums due to a favorable shift in our business mix. "Our team delivered another quarter of strong growth while maintaining our technical underwriting standards," said Chris Schenk, President and Chief Underwriting Officer. "Record new business growth was driven by the expansion of our distribution relationships and the execution of differentiated growth strategies, including initiatives such as Project Heartland and our New England strategy. We also entered the quarter with a larger and more valuable renewal portfolio, reflecting the cumulative benefits of investments made over the past several years. Together, these differentiated growth initiatives and our expanding renewal franchise are creating a more durable, predictable and profitable earnings foundation." "Across our portfolio, we continue to capture attractive opportunities as we see increased market focus on coverage 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 believe our differentiated underwriting approach, targeted market strategies and disciplined execution will enable Ategrity to continue gaining market share while delivering sustainable, profitable growth." Summary of Operating Results The following table summarizes the Company’s results of operations for the three months ended June 30, 2026 and 2025: Gross Written Premiums The following tables presents gross written premiums by product for the three and six months ended June 30, 2026 and 2025: Expense Ratio The following tables summarize the components of our expense ratio for the three and six months ended June 30, 2026 and 2025: Investment results The following tables summarize net investment income and net realized and unrealized gains on investments for the three and six months ended June 30, 2026 and 2025: Non-GAAP Financial Measures We report our financial results in accordance with GAAP. However, we believe that certain non-GAAP financial measures provide investors in our common stock with additional useful information in evaluating our performance. Management believes that excluding certain items that are not indicative of core performance assists in evaluating our ability to generate earnings and to more readily compare these metrics between past and future periods. These non-GAAP financial measures may be different than similarly titled measures used by other companies. These non-GAAP financial measures should not be considered in isolation from, or as substitutes for, financial information prepared in accordance with GAAP. There are limitations related to the use of these non-GAAP financial measures as compared to the most directly comparable GAAP financial measures. Underwriting Income We define underwriting income as income before income taxes excluding the impact of net investment income, net realized and unrealized gains (losses) on investments, other income, interest expense, and other expenses (which include expenses related to corporate activities and expenses recorded by us in connection with the Company’s initial public offering). Underwriting income is a measure of the pre-tax profitability of our underwriting operations and allows us to evaluate our underwriting performance without regard to net investment income among other things. We use this metric as we believe it gives our management and other users of our financial information useful insight into our underlying business performance. Underwriting income should not be viewed as a substitute for income before income taxes calculated in accordance with GAAP, and other companies may define underwriting income differently. Underwriting income for the three and six months ended June 30, 2026 and 2025 reconciles to income before income taxes as follows: Adjusted net income attributable to stockholders We define adjusted net income attributable to stockholders as net income attributable to stockholders excluding certain other non-operating expenses, which include expenses recorded by us in connection with the Company’s initial public offering. We use adjusted net income attributable to stockholders as an internal performance measure in the management of our operations because we believe it gives our management and other users of our financial information useful insight into our results of operations and our underlying business performance. Adjusted net income attributable to stockholders should not be viewed as a substitute for net income attributable to stockholders calculated in accordance with GAAP, and other companies may define adjusted net income differently. Adjusted net income attributable to stockholders for the three and six months ended June 30, 2026 and 2025 reconciles to net income attributable to stockholders as follows: Adjusted return on stockholders’ equity We define adjusted return on stockholders’ equity as adjusted net income attributable to stockholders, expressed as a percentage of average beginning and ending stockholders’ equity during the period. Adjusted net income attributable to stockholders excludes the impact of certain items that may not be indicative of underlying business trends, operating results, or future outlook, net of tax impact. We use adjusted return on stockholders’ equity as an internal performance measure in the management of our operations because we believe it gives our management and other users of our financial information useful insight into our results of operations and our underlying business performance. Adjusted return on stockholders’ equity should not be viewed as a substitute for return on stockholders’ equity calculated in accordance with GAAP, and other companies may define adjusted return on stockholders’ equity and adjusted net income attributable to stockholders differently. Adjusted return on stockholders’ equity for the three and six months ended June 30, 2026 and 2025 reconciles to return on stockholders’ equity as follows: Adjusted diluted earnings per share We define adjusted diluted earnings per share as adjusted net income attributable to stockholders, divided by weighted average common shares outstanding - diluted for the period. We use adjusted diluted earnings per share as an internal performance measure in the management of our operations because we believe it gives our management and other users of our financial information useful insight into our results of operations and our underlying business performance. Adjusted diluted earnings per share should not be viewed as a substitute for diluted earnings per share calculated in accordance with GAAP, and other companies may define adjusted diluted earnings per share differently. Adjusted diluted earnings per share for the three and six months ended June 30, 2026 and 2025 reconciles to diluted earnings per share as follows: Conference Call Ategrity will hold a conference call to discuss this press release today, July 29, at 5:00 p.m. Eastern Time. Interested parties may access the conference call via a live webcast, which can be accessed at https://events.q4inc.com/attendee/692692597 or by visiting the Company’s Investor Relations website. Please join the webcast at least 10 minutes before the scheduled start time. A replay of the event webcast will be available on the Company’s Investor Relations website approximately two hours following the call, for a period of at least 30 days. About Ategrity Specialty Insurance Company Holdings Ategrity Specialty Insurance Company Holdings is a profitable and growing specialty insurance company dedicated to providing excess and surplus ("E&S") products to small to medium-sized businesses across the United States. We have built a proprietary underwriting platform that combines sophisticated data analytics with automated and streamlined processes to efficiently serve our clients and deliver long-term value to our stockholders. The small to medium-sized business market is characterized by large volumes of small-sized policies, and we believe our competitive edge lies in our ability to offer consistent, high-speed, and low-touch interactions that our distribution partners value. This advantage stems from our technology-driven method of standardizing, simplifying, and automating our transaction process, which we call productionized underwriting. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. You can identify forward-looking statements in this press release by the use of words such as "anticipates," "estimates," "expects," "intends," "plans," and "believes," and similar expressions or future or conditional verbs such as "will," "should," "would," "may," and "could." These forward-looking statements include, among others, statements relating to our investments in automation and analytics and their expected impact and expected profitable growth. These forward-looking statements are based on management’s current expectations and assumptions about future events, which are inherently subject to uncertainties, risks, and changes in circumstances that are difficult to predict. Our actual results may differ materially from those expressed in, or implied by, the forward-looking statements included in this press release as a result of various factors, including, among others: the risks and uncertainties discussed under the caption "Risk Factors" in our 2025 Form 10-K filed with the Securities and Exchange Commission, (the "SEC") on March 4, 2026. Accordingly, you should read this press release completely and with the understanding that our actual future results may be materially different from what we expect. Forward-looking statements speak only as of the date of this press release. Except as expressly required under federal securities laws and the rules and regulations of the SEC, we do not have any obligation, and do not undertake, to update any forward-looking statements to reflect events or circumstances arising after the date of this press release, whether as a result of new information, future events, or otherwise. You should not place undue reliance on the forward-looking statements included in this press release or that may be made elsewhere from time to time by us, or on our behalf. All forward-looking statements attributable to us are expressly qualified by these cautionary statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20260729301762/en/ Contacts Investor Relations Contact [email protected]

Marsh & McLennan Companies, Inc. MRSH is set to report second-quarter 2026 results on July 21, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is currently pegged at $2.88 per shareon revenues of $7.27 billion. The second-quarter earnings estimate has witnessed no upward revisions and three downward movements over the past 60 days. The bottom-line projection still indicates a year-over-year increase of 5.9%. The Zacks Consensus Estimate for quarterly revenues implies year-over-year growth of 4.2%. Image Source: Zacks Investment Research For the full-year 2026, the Zacks Consensus Estimate for Marsh’s revenues is pegged at $28.36 billion, implying growth of 5.1% year over year. The consensus mark for the current year EPS is pegged at $10.37, signaling an increase of around 6.4% on a year-over-year basis. Marsh’s earnings beat the consensus estimate in each of the last four quarters, with the average surprise being 3.9%. Marsh price-eps-surprise | Marsh Quote However, our proven model does not conclusively predict an earnings beat for the company this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat, but that is not the case here. Marsh has an Earnings ESP of +0.36% and a Zacks Rank #4 (Sell). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. The Zacks Consensus Estimate for total Risk and Insurance Services revenues indicates 3.9% year-over-year growth, whereas our model signals a 3.5% increase. Revenues from the United States and Canada are expected to grow 3.8% from a year ago. Adjusted operating income from the Risk and Insurance Services segment is pegged at $1.69 billion, indicating only 2.6% growth. The consensus mark for total Mercer revenues suggests a 4.2% year-over-year jump, while our model suggests 4.7% growth. The consensus estimate for total Consulting revenues indicates 4.7% year-over-year growth, whereas our model signals a 5.2% increase. The Zacks Consensus Estimate for adjusted operating income from the segment of $521.3 million signals an 8.8% rise from a year ago. The above-mentioned estimates indicate that MRSH is positioned for year-over-year growth. However, rising costs make an earnings beat uncertain. Our model estimate for total operating expenses is pegged at $5.55 billion, which suggests a nearly 8% year-over-year increase due to higher compensations, benefits and other operating expenses. While an earnings beat looks uncertain for Marsh, here are some companies from the broader insurance space that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around: Willis Towers Watson Public Limited Company WTW has an Earnings ESP of +0.34% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for Willis Towers’ bottom line for the to-be-reported quarter is pegged at $3.13 per share, which indicates 9.4% year-over-year growth. The consensus estimate for WTW’s revenues is pegged at $2.43 billion, a 7.4% increase from a year ago. Reinsurance Group of America, Incorporated RGA has an Earnings ESP of +0.42% and a Zacks Rank of 3. The Zacks Consensus Estimate for Reinsurance Group of America’s bottom line for the to-be-reported quarter is pegged at $6.52 per share, a 38.1% jump from a year ago. The consensus estimate for RGA’s revenues is pegged at $6.65 billion, a 17.8% year-over-year jump. Ategrity Specialty Insurance Company Holdings ASIC has an Earnings ESP of +27.66% and a Zacks Rank of 3. The Zacks Consensus Estimate for Ategrity Specialty’s bottom line for the to-be-reported quarter is pegged at 47 cents per share, which indicates 14.6% year-over-year growth. The consensus estimate for ASIC’s revenues is pegged at $137.91 million, a 35.5% increase from a year ago. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Marsh (MRSH) : Free Stock Analysis Report Reinsurance Group of America, Incorporated (RGA) : Free Stock Analysis Report Willis Towers Watson Public Limited Company (WTW) : Free Stock Analysis Report Ategrity Specialty Insurance Company Holdings (ASIC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Ategrity Specialty Insurance Company Holdings (ASIC), which belongs to the Zacks Insurance - Multi line industry. This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 36.61%. For the last reported quarter, Ategrity Specialty Insurance Company Holdings came out with earnings of $0.51 per share versus the Zacks Consensus Estimate of $0.4 per share, representing a surprise of 27.50%. For the previous quarter, the company was expected to post earnings of $0.35 per share and it actually produced earnings of $0.51 per share, delivering a surprise of 45.71%. Thanks in part to this history, there has been a favorable change in earnings estimates for Ategrity Specialty Insurance Company Holdings lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Ategrity Specialty Insurance Company Holdings has an Earnings ESP of +27.66% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric. Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate. Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ategrity Specialty Insurance Company Holdings (ASIC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

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." Mr. Adler said, "Ategrity has built a differentiated underwriting platform and an exceptional track record of disciplined, profitable growth. Having worked alongside the Company since its formation, I am excited to join the leadership team and help further strengthen our financial capabilities, support disciplined capital management and create long-term value for our shareholders. I look forward to partnering with Justin, Chris and the rest of our leadership team as we continue building a premier specialty insurance platform." Mr. Adler brings more than a decade of finance and accounting experience to Ategrity. Since January 2026, he has served as Chief Financial Officer of Zimmer Financial Services Group. Mr. Adler has also served as Chief Financial Officer of Zimmer Partners since August 2025, and previously served as Controller and Director of Accounting & Operations. Mr. Adler began his career at Deloitte. Mr. Adler succeeds Neelam Patel as Chief Financial Officer following our non-renewal of her employment agreement upon its scheduled expiration. Mr. Cohen said, "We thank Neelam for her contributions to Ategrity over the past several years. Her leadership helped strengthen our finance organization and prepare Ategrity for its successful transition to the public markets. We wish her continued success in her future endeavors." The preliminary financial information included in this release is based on management's current estimates and remains subject to the completion of the Company's customary quarter-end closing procedures and review. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. You can identify forward-looking statements in this press release by the use of words such as "anticipates," "estimates," "expects," "intends," "plans," and "believes," and similar expressions or future or conditional verbs such as "will," "should," "would," "may," and "could." These forward-looking statements include, among others, statements relating to our expected financial results for the second quarter of 2026, including expected gross written premiums, diluted earnings per share, combined ratio and net income attributable to stockholders. These forward-looking statements are based on management’s current expectations and assumptions about future events, which are inherently subject to uncertainties, risks, and changes in circumstances that are difficult to predict. Our actual results may differ materially from those expressed in, or implied by, the forward-looking statements included in this press release as a result of various factors, including, among others: the risks and uncertainties discussed under the caption "Risk Factors" in our 2025 Form 10-K filed with the Securities and Exchange Commission (the "SEC") on March 4, 2026. Accordingly, you should read this press release completely and with the understanding that our actual future results may be materially different from what we expect. Forward-looking statements speak only as of the date of this press release. Except as expressly required under federal securities laws and the rules and regulations of the SEC, we do not have any obligation, and do not undertake, to update any forward-looking statements to reflect events or circumstances arising after the date of this press release, whether as a result of new information, future events, or otherwise. You should not place undue reliance on the forward-looking statements included in this press release or that may be made elsewhere from time to time by us, or on our behalf. All forward-looking statements attributable to us are expressly qualified by these cautionary statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20260710803386/en/ Contacts Investor Relations Contact [email protected]

Record Q1 results: Ategrity posted a combined ratio of 87.4% and adjusted net income of $25.6 million (vs. $8.5M a year ago), with underwriting income rising 87% thanks to lower loss and expense ratios. Material premium and margin improvement: Gross written premiums rose 23% (net written +32%, net earned +34%), fee income increased to $2.2M, and the expense ratio improved to 28.6%. Disciplined, regional underwriting and outlook: Management is pursuing targeted regional strategies (Texas, New England, Florida) focused on small/mid‑market E&S niches, plans a retention level in the low‑80s, and expects Q2 direct written premium growth roughly 20 percentage points above the E&S market with a combined ratio "in the 87s." Interested in Ategrity Specialty? Here are five stocks we like better. Ategrity Specialty (NYSE:ASIC) reported first-quarter fiscal 2026 results highlighted by record earnings, strong premium growth, and improved underwriting profitability, as management emphasized disciplined risk selection and targeted regional initiatives designed to find less-competitive pockets of the excess and surplus (E&S) market. Chief Executive Officer Justin Cohen said the company generated “another quarter of record earnings,” posting a combined ratio of 87.4% while growing gross written premiums 23.1% in what he described as a relatively flat industry environment. Cohen said both metrics were better than guidance and attributed performance to identifying underserved segments, building differentiated solutions for distribution partners, and improving “the quality and renewability of our portfolio.” → Palantir Is Down 30%: Noise? Or a Signal to Accumulate? Chief Financial Officer Neelam Patel reported adjusted net income of $25.6 million, up from $8.5 million in the prior-year quarter, driven by top-line growth, improving margins, and higher investment income. Net income was $25.5 million, and adjusted net income was $0.51 per diluted share. Underwriting income rose 87% year-over-year to $13.3 million, Patel said. Patel attributed the combined ratio improvement from 90.9% a year ago to reductions in both loss and expense ratios. The loss ratio was 58.8%, down one point year-over-year, “driven by strong underlying results in our property business,” with favorable development equal to 0.5% of net earned premium. Catastrophe losses were 4% of net earned premium, down from 6.2% in the prior-year quarter, which included modest losses from California wildfires. → Homebuilder Earnings: D.R. Horton Sticks Out as Pulte & NVR Sales Tank Gross written premiums increased 23% with “broad-based” growth, Patel said, including 27% growth in casualty premiums and 13% growth in property premiums. Net written premiums increased 32%, which Patel said reflected higher retention, while net earned premiums rose 34%. Fee income grew to $2.2 million from $0.6 million a year ago, reflecting standard policy fees introduced during 2025, Patel said. → Did Qualcomm Just Put Apple in Check? On the expense side, Patel said the overall expense ratio improved 2.5 percentage points to 28.6%. Operating expense was 10.9% of net earned premiums, down 1.4 points year-over-year, driven by earned premiums growing faster than operating expenses and the benefit of higher fee income. Policy acquisition costs declined to 17.6% of net earned premiums from 18.8%, which Patel said was primarily mix-driven due to growth in lines with lower acquisition costs and higher ceding commissions. Patel said net investment income increased to $12.0 million from $7.9 million in the prior-year quarter due to a larger investment portfolio. Realized and unrealized gains were $9.5 million, which Patel said were “supported by strong results in our utility and infrastructure portfolio.” The effective tax rate was 20.6%. On the balance sheet, Patel said cash and investments increased by $42 million from the fourth quarter to $1.15 billion, reflecting strong operating cash flow. Book value increased by $17 million, driven by retained earnings but offset by a decrease in accumulated other comprehensive income. Book value per share ended the quarter at $13.13, which Patel said was up 24% since the IPO. President and Chief Underwriting Officer Chris Schenk said the quarter validated Ategrity’s model of pursuing “multiple differentiated pathways for growth” and operating independently of market cycles. He said more than 50% of the 23.1% top-line growth came from strategies “unique to us,” while the company continued investing in production capacity, technology, marketing, and partnership management. Schenk described the company’s approach as built on “a long-term view of customer value” and “a deliberate approach to creating new markets for growth.” He said Ategrity has focused since 2021 on writing “durable, sticky business,” resulting in a record renewal base and its highest retention since going public, though management declined to provide a specific retention figure. On new business production, Schenk said submission growth was strong, driven by distribution investments and strategic initiatives. Quote production reached an “all-time high,” supported by both submission volume and quality, and he said the company’s AI investments and operating model helped process volume efficiently while maintaining fast turnaround. He noted conversion moderated modestly, which he called expected, and said the company won at a higher rate in areas where it has a regional strategy. Schenk also described shifting emphasis as competition intensified in larger accounts. The company “leaned into small and middle market risk in our core verticals,” he said, where “precision, speed, and consistency matters most.” He said that improved the portfolio’s overall quality and renewability. During the quarter, Ategrity launched three new regional strategies in Texas, New England, and Florida. Schenk said the company analyzes local market dynamics at a municipal and neighborhood level, including economic, legal, and policy trends, submission flows, loss experience, and even admitted market filings to identify opportunity. He gave examples including wholesale trade moving into E&S along the I-10 corridor in Texas and older mixed-use properties in Springfield, Massachusetts. Schenk said Ategrity equips wholesale partners with interactive “city guides” and targeted marketing intended to help source business more effectively. Management said competitive pressure increased in parts of the E&S market, but Cohen said its impact on Ategrity remained limited because the company operates outside more commoditized areas by focusing on small and medium-sized businesses and differentiated solutions. On pricing, Schenk told analysts he saw “very aggressive competition” in catastrophe-exposed property, particularly larger accounts, but said Ategrity is not active there. He said the company saw more pressure in large non-cat accounts and “chose to walk away because the rates were not right,” adding that small and medium opportunities were sufficient to offset. Schenk also said that as part of the company’s renewal playbook it gave back some rate on accounts that performed well, but overall the company had “net positive rate change.” Asked about favorable development, Cohen said Ategrity had been conservative in recent years on both property and casualty reserving. He said the quarter’s favorable development reflected a release of reserves in property 2025 after losses did not emerge as expected, adding that the company believes it remains prudently reserved. On reinsurance, Cohen said 2026 should be “relatively consistent” and described the company’s move away from a casualty quota share, which he said was “purely opportunistic in nature.” He said the higher retention ratio seen in the first quarter was consistent with expectations, while noting quarterly mix can vary due to property seasonality. Cohen told analysts the company believes “the low 80s is the right place to think about” retention going forward. Looking ahead, Cohen said second-quarter fiscal 2026 guidance remained consistent with the prior quarter. The company expects direct written premium growth of approximately 20 percentage points above the E&S market and expects a combined ratio “in the 87s,” which he said would represent continued year-over-year improvement. We are a profitable and growing specialty insurance company dedicated to providing excess and surplus (“E&S”) products to small to medium-sized businesses (“SMBs”) across the United States. We have built a proprietary underwriting platform that combines sophisticated data analytics with automated and streamlined processes to efficiently serve our clients and deliver long-term value to our stockholders. The SMB market is characterized by large volumes of small-sized policies, and we believe our competitive edge lies in our ability to offer consistent, high-speed, and low-touch interactions that our distribution partners value. The article "Ategrity Specialty Q1 Earnings Call Highlights" was originally published by MarketBeat.