Quarterly ResultMay 7, 2026, 05:27 PM
Ategrity Specialty Q1 Net Income $27.18M; EPS $0.53
AI Summary
Ategrity Specialty Insurance Co Holdings reported significantly improved financial results for the first quarter of 2026. Net income surged to $27.18 million, marking a 222% increase year-over-year, driven by a 55.1% rise in total revenues to $128.96 million. The company also experienced a substantial improvement in net realized and unrealized gains on investments, swinging from a loss of $4.60 million in Q1 2025 to a gain of $9.46 million in Q1 2026.
Key Highlights
- Net income increased 222% to $27.18 million for Q1 2026 from $8.45 million in Q1 2025.
- Basic earnings per share rose 165% to $0.53 in Q1 2026 from $0.20 in Q1 2025.
- Total revenues grew 55.1% to $128.96 million in Q1 2026, up from $83.12 million.
- Net earned premiums increased 34.3% to $105.21 million in Q1 2026 from $78.30 million.
- Gross written premiums rose 23.1% to $142.93 million in Q1 2026 from $116.14 million.
- Net investment income increased 52.6% to $12.04 million in Q1 2026 from $7.90 million.
- Net realized and unrealized investment gains were $9.46 million, a swing from a $4.60 million loss in Q1 2025.
- Net cash provided by operating activities doubled to $42.03 million from $20.95 million.