Ategrity Specialty Insurance Company Holdings (NYSE: ASIC) reported net income attributable to stockholders of $17.6 million, or $0.39 per diluted share, for the second quarter ended June 30, 2025. This represents a significant increase from $4.9 million, or $0.14 per diluted share, in the prior-year period, with adjusted net income reaching $17.9 million, or $0.41 per diluted share.
Gross Written Premiums (GWP) surged by 32.3% year-over-year to $167.5 million in Q2 2025, driven by an expanding distribution network and increased wallet share. Year-to-date GWP grew 36.2% to $283.6 million, with Casualty lines GWP increasing by 56.7% to $107.0 million, now representing 63.9% of total GWP, reflecting a strategic focus on expanding casualty-related products.
Underwriting profitability showed substantial improvement, with the combined ratio decreasing to 88.9% in Q2 2025 from 94.0% in Q2 2024. This improvement was attributed to a lower loss ratio of 58.0% and an improved expense ratio of 31.0%. Net investment income also saw a significant boost, increasing by 107.6% to $11.9 million in Q2 2025, largely due to additional investments from IPO proceeds.
The company's total stockholders' equity increased by $161.4 million to $559.7 million as of June 30, 2025, from $398.3 million at December 31, 2024, following its initial public offering. Cash flow from operating activities for the six months ended June 30, 2025, was $50.8 million.
ASIC also successfully remediated a material weakness in its internal control over financial reporting by June 30, 2025, demonstrating strengthened financial governance. This remediation reflects the company's proactive approach to financial integrity as a newly public entity.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.