Ategrity Specialty Insurance Company Holdings Common Stock (ASIC)

FairStock Score: 76/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for insurers that grow without taking hidden balance-sheet risk. Ategrity writes excess and surplus property-and-casualty insurance for small and midsized U.S. businesses. In fiscal Q2 2026, the quarter ended 2026-06-30, filed figures show revenue of $148.5 million, net income of $33.5 million, and diluted EPS of $0.67. In fiscal Q2 2025, the quarter ended 2025-06-30, revenue was $101.8 million, net income was $17.6 million, and diluted EPS was $0.39. For FY2025, revenue was $424.3 million, net income $74.0 million, and diluted EPS $1.58; FY2024 had revenue of $343.8 million, net income of $47.1 million, and diluted EPS of $1.28. That is rapid growth. At the close on 2026-10-13, the price was $25.91. FairStock calculations show a P/E of 12.00, P/B of 1.87, ROE of 18.59%, ROCE of 5.96%, PEG of 0.13, D/E of 0.00, and Piotroski score of 6/9. The FairStock Score is 76/100. This looks like a profitable, debt-free niche insurer at a modest price. But I cannot see the combined ratio, loss-reserve development, or catastrophe exposure. CET1 and NIM are also not in the data, though those are bank-centric. FairStock assigns no Lynch category because only two years of filed annual results exist. A durable moat is unproven; E&S insurance is competitive and cyclical. If underwriting stays disciplined, the price is reasonable. Without the combined ratio, the margin of safety is hard to verify.

In plain English: Ategrity sells specialty property-and-casualty insurance to small and medium U.S. businesses. It is growing fast and making good profits, and the data shows no debt. The stock price looks inexpensive compared with its recent profits, but the company has a short public record and important insurance risk details are missing.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer