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/ASIC
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ASIC

ASIC

ASIC
$27.47USD↑+1.18%+0.32 today

MARKET CAP

1.3B

P/E (TTM)

—

FWD P/E

—

DAY RANGE

$27 – $28

52W RANGE

$16
$28

AI Summary

Stalk
Buy NowMedium

ANSC remains in a Stage 2 markup with a clear series of higher highs and higher lows. Price is above rising short-term EMAs and currently pulling back into the 9- and 20-EMA area, offering a favorable entry zone. Momentum stays intact despite extreme overbought readings, supporting a Buy Now posture on this pullback with the expectation of renewed upside continuation.

  • ↑Gross written premiums rose 23.4% YoY to $180 M
  • ↑Combined ratio improved to 85.9%, reflecting disciplined underwriting
  • ↓Profitability factor is negative, indicating weak profit margins
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The case for & against

Bull & Bear analysis

Bullish

Ategrity Specialty Insurance Company Holdings (ASIC) is an emerging player in the excess and surplus (E&S) insurance market, focusing primarily on small to mid-sized accounts. The company leverages advanced underwriting practices and a rapidly expanding distribution network to deliver tailored insurance solutions. Ategrity aims to exploit market inefficiencies by developing proprietary products that cater to niche segments, positioning itself favorably in a competitive landscape characterized by rising rates and increasing market pressure.

Bull says

  • ↑Gross written premiums rose 23.4% YoY to $180 M
  • ↑Combined ratio improved to 85.9%, reflecting disciplined underwriting
  • ↑Expense ratio fell to 9.5% of net earned premiums
  • ↑Launching $50 M buyback underscores management’s valuation confidence
  • ↑Investments in AI and automation boost underwriting productivity
  • ↑Strong earnings yield and solid book-to-price signal value

Bear says

  • ↓Profitability factor is negative, indicating weak profit margins
  • ↓High leverage poses interest-rate risk amid rising rates
  • ↓Liquidity constraints may hinder capital moves and market trades
  • ↓Competitive pressure intensifies, risking margin erosion
  • ↓Growth projections risk missing targets, raising valuation concerns
  • ↓Elevated short interest reflects investor sentiment doubts

Earnings Call · Q3 2025 · Mgmt. Guidance

Updated 08-11-2026bullish

Transcript signals

Bull points

  • Adjusted net income came in at $22.8 million, up from $12.9 million in the same quarter last year, driven by top-line growth, improving margins, and higher investment income.
  • Gross return premiums grew by 30% in the quarter.
  • Casualty premiums increased by 41%, while property premiums went up by 11%, both contributing meaningfully to our overall growth.

Bear points

  • competitive intensity has increased but conditions remain rational in the small and medium-sized space.
  • where we are seeing some change in consumer preference or insured preferences is in the mid-size middle market clients. So think of a family real estate investment firm, five apartment buildings. They're now facing tougher lending requirements from Fannie Mae and Freddie Mac. Banks are scrutinizing their financing. Meanwhile, there is regulatory uncertainty that's being driven by adoption of building codes on the property side. as well as some things like even the New York City municipal elections, which would affect housing and real estate development.
  • No, I would just describe that if you're looking at our ex-cat ratios, for example, and you will see that they, there was some increases there. This is really all associated with conservatism in property. And so we have a, We have had a lower, effectively a lower amount of claims, but as a public company, we are not taking any risk in terms of late claims coming in. So we have booked at higher losses. So that's really the dynamic that you're seeing there. Conservatism in our property.
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