Ategrity Specialty Q3 adjusted EPS misses analyst estimates
ASIC•Ategrity Specialty reported Q3 adjusted EPS of $0.29, below the $0.46 analyst estimate, while gross written premiums rose 15% year over year to $165.02 million.
1. Quarterly results
Ategrity Specialty reported Q3 adjusted EPS of $0.29, missing the $0.46 consensus estimate. Adjusted net income was $14.67 million, below the $22.43 million estimate, while gross written premiums increased 15% year over year to $165.02 million.
2. Underwriting and outlook
The company reported a combined ratio of 84.70% and said lower loss and expense ratios contributed to the improvement. It expects expanded specialty products and broader distribution to help capture market share, and anticipates continued rate increases on new casualty business.
