Ategrity Specialty Insurance Company (ASIC) Reports Q3 Non-GAAP EPS Miss Amid Revenue Growth
Ategrity Specialty Insurance Company Holdings (ASIC) reported third-quarter non-GAAP earnings per share of $0.29, missing analyst expectations by $0.21. Despite the earnings miss, the company saw revenue growth of 8.2% year-over-year, reaching $125.6 million. The company signaled a strong combined ratio of approximately 87% for the quarter and noted that gross written premiums are growing more than 20 points above the Excess & Surplus (E&S) market average. Following the earnings release, shares experienced an after-hours decline of approximately 11%.
Tickers: $ASIC
Topics: combined ratio earnings miss revenue growth stock price drop
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Part of the story Ategrity Specialty Insurance Company Reports Record Low Combined Ratio and Strong Q3 Growth (6 articles)