Ategrity Specialty Insurance Holdings Reports Record Low Combined Ratio and Strong Underwriting Growth
Ategrity Specialty Insurance Company Holdings (ASIC) reported exceptional third-quarter results, highlighted by a record-low combined ratio of 84.7%. The company saw significant momentum in its core operations, with underwriting income increasing by 83.7% year-over-year and submission volumes rising by 30% during the quarter. Looking ahead to the fourth quarter, management has set an ambitious target for a combined ratio below 87%. Additionally, the company aims to outpace the Excess & Surplus (E&S) market by targeting premium growth that is 15-20 percentage points higher than industry averages.
Tickers: $ASIC
Topics: combined ratio earnings premium growth underwriting income
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Part of the story Ategrity Specialty Insurance Company Reports Record Low Combined Ratio and Strong Q3 Growth (6 articles)