Ategrity

What Ategrity does

Ategrity Specialty Insurance Company Holdings (NYSE: ASIC) is a specialty excess and surplus (E&S) property and casualty carrier founded in September 2018 and headquartered in Scottsdale, Arizona, with operating subsidiaries in Wilmington, Delaware and Hamilton, Bermuda (the latter housing its captive reinsurer, Sequentis Re). The company writes coverage for small and medium-sized businesses across six core lines — General Liability, Commercial Property, Management Liability, Miscellaneous Professional Liability, Allied Healthcare, and Architects & Engineers — plus a growing Middle Market segment spanning Primary and Excess Casualty, Property, and Management & Professional Liability.

Ategrity's core technology is a proprietary productionized underwriting platform that combines automation, data science, and disciplined pricing to deliver 90-second bindable quotes through a contract-binding model. Its Ategrity Select sub-brand pre-qualifies and pre-prices large datasets of entities by class (notably 200,000+ religious institutions) so wholesale agents can generate quotes almost instantly. The company is investing in AI-enhanced underwriting workflows with full deployment targeted for 2026.

Revenue is generated primarily through insurance premiums, supplemented by standard policy fees introduced in 2025. Ategrity distributes exclusively through wholesale agents and brokers via two channels: a Small Business Solutions digital portal for fast, pre-priced risks, and a Middle Market Brokerage team handling primary and excess risks for moderate-complexity accounts. Following its June 2025 IPO (raising $113.3 million), the company reported FY2024 revenue of $344 million, Q4 2025 gross written premium of $154 million (+30.2% year-over-year), a record 84.9% combined ratio, and an AM Best A- (Excellent) financial strength rating with a positive outlook.

Name

Ategrity

Legal name

Ategrity Specialty Holdings LLC

Website

https://ategrity.com

Company type

Public

Founded year

2018

Operating status

Ipo

Headcount range

101–250 employees

Short description

Ategrity (NYSE: ASIC) is a specialty excess and surplus property and casualty insurer that serves small and medium-sized U.S. businesses through wholesale brokers, using a proprietary productionized underwriting platform that delivers 90-second bindable quotes across six core lines plus a growing middle-market segment.

Ownership category

akta.pro rank

Product category

Specialty Excess and Surplus Insurance

NAICS

Direct Health and Medical Insurance Carriers (524114), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Professional Liability (E&O) (FSAJAGAC)

akta.pro secondary industry

Energy & Power Specialty (Onshore/Offshore) (FSAJAGAI)

Keywords

• Excess and surplus insurance
• Specialty property casualty
• Commercial lines insurance
• Wholesale insurance brokerage
• Productionized underwriting

Headquarters

HQ city

Scottsdale

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. E&S Insurance Premiums: Ategrity generates revenue primarily through insurance premiums from its excess and surplus lines property and casualty insurance products. The company writes coverage for small to medium-sized businesses across multiple lines including general liability, commercial property, management liability, miscellaneous professional liability, allied healthcare, and architects & engineers.
2. Policy Fee Income: Fee income from standard policy fees introduced in 2025, contributing to increased revenue alongside premium growth.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Ategrity is a specialty excess and surplus (E&S) property and casualty insurance carrier that provides coverage for small to medium-sized businesses and middle-market commercial accounts through wholesale agents and brokers in the United States. Its portfolio spans general liability, commercial property, management liability, miscellaneous professional liability, allied healthcare, and architects & engineers lines, supplemented by the Ategrity Select pre-priced platform (including Religious Organizations) that enables bindable quotes in 90 seconds via a proprietary productionized underwriting platform combining advanced analytics and automation.

Product overview

Ategrity is a specialty excess and surplus (E&S) insurance company offering a portfolio of property and casualty insurance products for small to medium-sized businesses. The company operates a platform-plus-products architecture consisting of six core insurance products (General Liability, Commercial Property, Management Liability, Miscellaneous Professional Liability, Allied Healthcare, and Architects & Engineers) complemented by specialized sub-brands. Ategrity Select is a flagship pre-priced platform initiative enabling rapid quote generation (90 seconds) through data-driven underwriting. The Middle Market segment includes Casualty, Property, and Management & Professional Liability offerings targeting moderate complexity accounts. The company leverages productionized underwriting combining automation, data science, and disciplined pricing to deliver differentiated E&S solutions.

Differentiator

Problem solved

Functional benefit

Brands

• Ategrity Select: Suite of pre-priced solutions for specific classes with innovations in pricing, product design, and data-augmented underwriting. Features curated coverage and pricing differentiated at the individual risk level; contract binding agents can produce a bindable quote in 90 seconds.
• Ategrity Select Religious Organizations

Products and services

• General Liability Curated E&S general liability coverage focusing on construction, real estate, hospitality, and retail industries; offered to small-to-medium-sized businesses through wholesale agents and brokers.
• Commercial Property E&S commercial property protection for building, contents, and business income optimized for non-critical CAT risks, targeting small-to-medium-sized businesses across multiple verticals.
• Management Liability D&O, EPLI, Fiduciary and Crime coverage for private firms and non-profits in the E&S market, distributed through wholesale agents and brokers.
• Miscellaneous Professional Liability Specialized E&O coverage for professionals across diverse fields and industries, distributed through wholesale agents and brokers to small-to-medium-sized professional services firms.
• Allied Healthcare Specialized E&S coverage for risks faced by traditional and emerging health service providers, distributed through wholesale agents and brokers to allied healthcare businesses.
• Architects & Engineers E&O protection for technical and design professionals in construction and other industries, distributed through wholesale agents and brokers serving small-to-medium-sized A&E firms.
• Middle Market Casualty Primary and Excess casualty coverage for moderate complexity middle-market accounts, distributed through the specialized Middle Market Brokerage team.
• Middle Market Property Property coverage for moderate complexity middle-market accounts, distributed through the specialized Middle Market Brokerage team.
• Middle Market Management and Professional Liability Management and Professional Liability insurance designed for small- to mid-sized companies, offering D&O, EPLI, Fiduciary and Crime coverage through brokerage and contract binding channels.
• Ategrity Select Religious Organizations Pre-priced platform offering for religious institutions (churches, synagogues, mosques, and other faith-based organizations), pre-qualified and pre-priced for comprehensive property and casualty coverage through a data-driven underwriting platform enabling 90-second bindable quotes.

Quantifiable outcome

• Contract binding agents can produce bindable quotes in 90 seconds
• +5 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators13 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Kinsale Capital Group: Kinsale Capital Group is the leading publicly traded specialty E&S insurer focused on small-to-middle market commercial accounts, using data-driven underwriting and a wholesale distribution model - the closest direct comparable to Ategrity in product, distribution, and underwriting philosophy.
• Skyward Specialty Insurance Group: Skyward Specialty Insurance Group is a specialty P&C insurer offering commercial liability and property products to middle-market accounts through wholesale and retail brokers - directly comparable to Ategrity in target segment, distribution channel, and specialty product mix.
• James River Group Holdings: James River Group is a specialty insurance holding company with an E&S commercial division offering property, casualty, and professional liability coverage through wholesale brokers - closely comparable to Ategrity's product breadth and distribution approach.
• Palomar Holdings: Palomar Holdings is a specialty insurer offering commercial property and specialty P&C products with a focus on data and analytics-driven underwriting - comparable to Ategrity's technology-forward, vertically focused specialty insurance model.
• RLI Corp: RLI Corp is a specialty P&C insurer offering casualty, property, and professional liability through wholesale and retail brokers - a long-established specialty carrier with similar product lines and underwriting profitability characteristics as Ategrity.
• HCI Group: HCI Group is a specialty P&C insurer offering commercial and personal lines through specialty distribution channels - comparable to Ategrity in its focus on smaller specialty accounts and technology-enabled underwriting, though with more property catastrophe exposure.

Broad incumbents

• W. R. Berkley Corporation: W.R. Berkley is a large specialty insurance group operating multiple specialty underwriting units (including BerkleyOne) - directly relevant as Ategrity's new CFO Neelam Patel previously served as CFO of BerkleyOne, and Berkley's specialty units compete in adjacent E&S segments.
• Markel Group: Markel Group is a diversified specialty insurer with significant E&S commercial operations through wholesale distribution - a broader incumbent competing in similar specialty P&C markets though with a more diversified portfolio including reinsurance and specialty programs.
• Hiscox: Hiscox is a global specialty insurer offering professional liability and commercial P&C through wholesale and digital channels - Ategrity's President/ CUO Chris Schenk previously served 5 years at Hiscox in underwriting leadership, and Hiscox competes in similar small-business specialty segments.

Others

• Risk Placement Services (RPS): RPS is one of the largest US wholesale insurance brokers specializing in E&S placement - not a competitor (Ategrity is a carrier, RPS is a distributor) but a key distribution partner in the wholesale broker channel that Ategrity relies upon for new business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ategrity-specialty-insurance-company

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ategrity