Ategrity Specialty Insurance Company Holdings has announced its financial results for the second quarter of 2026, reporting a net income of $33.5 million, gross written premiums (GWP) of $206.8 million, and a combined ratio below 85.9%.
Net income saw a 89.8% increase when compared to Q2 2025, with GWP increasing 23.4% in the same period.
The increase in GWP was driven by execution of Ategrity growth initiatives and increased engagement across its expanding distribution network.
GWP for casualty lines increased 24.7% year-over-year, reflecting the company’s strategic focus on broadening casualty-related products and verticals, for property lines it went up 21.3% year-over-year, with contribution from growth in lower-risk geographies, including the Midwest and New England.
The specialty insurer also reported an underwriting income of $16.0 million for the quarter, up 66.9% from $9.6 million reported for the same period last year.
At 85.9%, Q2 2026 combined ratio decreased from the 88.9% seen in Q2 2025 , driven by improvement in the expense ratio. The loss ratio increased by 0.5 percentage points to 58.5%, reflecting a shift in business mix toward our Brokerage channel in recent periods and lower catastrophe activity in the prior-year period.
Chief Executive Officer Justin Cohen emphasised the scalability of the business model following the record quarter.
He stated: “Ategrity delivered another quarter of record production, underwriting profitability and earnings… The scalability of our model was evident this quarter, as our expense ratio improved 350 basis points to 27.5%, contributing to a 66.9% increase in underwriting income. We continue to see opportunities to drive further efficiencies through automation and streamlined processes while executing our disciplined underwriting approach.”
Chris Schenk, President and Chief Underwriting Officer, commented: “Our team delivered another quarter of strong growth while maintaining our technical underwriting standards. Record new business growth was driven by the expansion of our distribution relationships and the execution of differentiated growth strategies, including initiatives such as Project Heartland and our New England strategy.
“We also entered the quarter with a larger and more valuable renewal portfolio, reflecting the cumulative benefits of investments made over the past several years. Together, these differentiated growth initiatives and our expanding renewal franchise are creating a more durable, predictable and profitable earnings foundation.”
He added: “Across our portfolio, we continue to capture attractive opportunities as we see increased market focus on coverage terms and conditions, particularly in the middle-market segment. Our strategy is to provide insureds with the coverage they need at fair, technically sound rates.
“As insureds demonstrate a renewed willingness to pay for coverage certainty, we believe our differentiated underwriting approach, targeted market strategies and disciplined execution will enable Ategrity to continue gaining market share while delivering sustainable, profitable growth.”
