Ategrity Specialty Insurance Co Holdings (ASIC)
Ategrity Specialty Holdings LLC, along with its subsidiaries, offers insurance and reinsurance services specifically designed for small and medium-sized businesses across the United States. Its product line primarily focuses on property and casualty insurance. The company was founded in 2017 and maintains its headquarters in New York, New York. Ategrity Specialty Holdings LLC operates as a subsidiary of Zimmer Financial Services Group LLC.
Sector: Fire, Marine & Casualty Insurance
Industry: Insurance - Property & Casualty
Ategrity Specialty Holdings LLC
NYSE:ASICFinancial Services · Insurance - Property & Casualty
+1.30%$24.11
AH Close$24.11+0.00%vs close
AH Close$24.11+0.00%vs close
Mkt Cap$1.16B
Float7.33M
O/S47.93M
Inst Own11.4%
SI4.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$424.34M
Net Income$74M
Total Assets$1.47B
Free Cash Flow$140.72M
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$614.31M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in ASIC's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.47B
Liabilities$859.45M
Accounts Receivable$235.82M
Accounts Payable$62.75M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$30.2M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Revenue | $424.34M | $343.83M | $241.32M |
| YoY Growth | 23.4% | 42.5% | - |
| Cost of Revenue | $212.15M | $235.93M | $200.31M |
| Gross Profit | $212.19M | $107.91M | $41.01M |
| Gross Margin | 50.0% | 31.4% | 17.0% |
| Research and Development | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $0 | $0 |
| Other | $116.28M | $41.64M | $28.39M |
| Total Operating Expenses | $116.28M | $41.64M | $28.39M |
| Operating Income (EBIT) | $95.91M | $66.26M | $12.62M |
| Operating Margin | 22.6% | 19.3% | 5.2% |
| Interest Expense | $1.36M | $2.04M | $2.24M |
| Interest Income | $0 | $0 | $0 |
| Other Income (Expense) | $0 | $0 | $0 |
| Income Before Tax (EBT) | $95.91M | $66.26M | $12.62M |
| Income Tax Expense | $19.79M | $12.32M | $2.52M |
| Net Income | $74M | $47.09M | $10.05M |
| Net Income Margin | 17.4% | 13.7% | 4.2% |
| Supplementary Data | |||
| EPS | 1.66 | 1.00 | 0.21 |
| Diluted EPS | 1.60 | 0.96 | 0.21 |
| Weighted Average OS | 44.66M | 46.95M | 46.95M |
| EBITDA | $97.86M | $69M | $15.09M |
| EBITDA Margin | 23.1% | 20.1% | 6.3% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Assets | |||
| Current Assets | |||
| Cash and Cash Equivalents | $29.72M | $26.57M | $264.65M |
| Short-Term Investments | $244.95M | $491.36M | $98.2M |
| Cash and Short-Term Investments | $274.67M | $517.94M | $362.85M |
| Accounts Receivable | $235.82M | $326.37M | $189.37M |
| Inventory | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 |
| Total Current Assets | $587.73M | $916.42M | $590.47M |
| Long-Term Assets | |||
| Property, Plant & Equipment Net | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 |
| Intangible Assets | $30.2M | $21.55M | $23.25M |
| Long-Term Investments | $830.36M | $284.02M | $254.74M |
| Deferred Tax Assets | $13.29M | $9.67M | $7.22M |
| Other Long-Term Assets | $12.73M | -$108.23M | $6.37M |
| Total Long-Term Assets | $886.58M | $207.02M | $291.57M |
| Other Assets | $0 | $0 | $0 |
| Total Assets | $1.47B | $1.12B | $882.04M |
| Liabilities | |||
| Current Liabilities | |||
| Accounts Payable | $62.75M | $74.41M | $33.57M |
| Short-Term Debt | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $26.49M | $8.85M |
| Current Unearned Revenue | $281.86M | $212.83M | $173.91M |
| Other Current Liabilities | $502.25M | $403.58M | $320.94M |
| Total Current Liabilities | $855.27M | $718.23M | $549.39M |
| Long-Term Liabilities | |||
| Long-Term Debt | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 |
| Other Long-Term Liabilities | $4.18M | $6.4M | $10.45M |
| Total Long-Term Liabilities | $4.18M | $6.4M | $10.45M |
| Other Liabilities | $0 | $0 | $0 |
| Total Liabilities | $859.45M | $724.63M | $559.85M |
| Stockholders' Equity | |||
| Preferred Stock | $0 | $0 | $0 |
| Common Stock | $48K | $38K | $338.63M |
| Retained Earnings | $108.57M | $34.57M | -$12.52M |
| Comprehensive Income & Other | $9.22M | $3M | -$4.42M |
| Other Stockholders' Equity | $505.69M | $363.7M | -$4.42M |
| Total Equity | $614.31M | $398.31M | $321.7M |
| Minority Interest | $550K | $500K | $500K |
| Total Liabilities and Equity | $1.47B | $1.12B | $881.54M |
| Supplementary Data | |||
| Total Debt | $0 | $0 | $0 |
| Net Debt | -$29.72M | -$26.57M | -$264.65M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Operating Activities | |||
| Net Income | $76.13M | $53.95M | $10.1M |
| Depreciation & Amortization | $593K | $699K | $227K |
| Deferred Income Tax | -$5.28M | $0 | $0 |
| Stock-Based Compensation | $1.02M | $2.01M | $27K |
| Changes in Working Capital: | |||
| Accounts Receivable | -$38.51M | -$12.34M | -$166K |
| Inventory | $0 | $0 | $0 |
| Accounts Payable | -$2.5M | $41.65M | $5.69M |
| Other Working Capital | $138.02M | $74.48M | $69.82M |
| Total Working Capital Change | $97M | $103.79M | $75.35M |
| Other Non-Cash Items | -$22.27M | -$34.83M | $3K |
| Net Cash from Operating | $147.19M | $125.61M | $85.71M |
| Investing Activities | |||
| Capital Expenditures | -$6.47M | $0 | $0 |
| Acquisitions | $0 | $0 | $0 |
| Purchases of Investments | -$348.41M | -$482.23M | -$194.94M |
| Sales of Investments | $293.07M | $118.71M | $209.92M |
| Other Investing Activities | -$212.35M | $251K | -$474K |
| Net Cash from Investing | -$274.15M | -$363.27M | $14.51M |
| Financing Activities | |||
| Debt Repaid | - | - | - |
| Common Stock Issuance | $144.45M | $0 | $35M |
| Common Stock Repurchases | -$2.74M | -$414K | $0 |
| Dividends Paid | -$6.86M | -$414K | -$2.73M |
| Other Financing Activities | -$4.74M | $414K | $0 |
| Net Cash from Financing | $130.11M | -$414K | $32.27M |
| Forex Effect | $0 | $0 | $0 |
| Net Change in Cash | $3.15M | -$238.07M | $132.49M |
| Supplementary Data | |||
| Operating Cash Flow | $147.19M | $125.61M | $85.71M |
| Capital Expenditure | -$6.47M | $0 | $0 |
| Free Cash Flow | $140.72M | $125.61M | $85.71M |
| Cash at Beginning | $26.57M | $264.65M | $132.15M |
| Cash at End | $29.72M | $26.57M | $264.65M |