Filing Flows › Ategrity Specialty Insurance (ASIC) › Q1 2026
Ategrity Specialty Insurance (ASIC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Ategrity Specialty Insurance (ASIC) reported revenue of $129M for the first quarter 2026 (Q1 2026), +55% from a year earlier and +5% from the quarter before. Operating margin was 26.5%, net earnings $25.5M (19.7% of revenue).
Ategrity Specialty Insurance, Q1 2026: revenue $129M (+55% year over year), operating margin 26.5%, net earnings $25.5M, operating cash flow $42.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $129M | +5% | +55% |
| Operating profit | $34.2M | +3% | +220% |
| Net earnings | $25.5M | +0.8% | +201% |
| Operating cash flow | $42.0M | -24% | +101% |
| Free cash flow | $41.1M | — | +97% |
What changed
Revenue was $129.0M in Q1 2026, up 55% year over year and up 5% from the previous quarter.
Operating profit was $34.2M, a 26.5% margin (up 13.7 points year over year). Of the extra revenue versus a year earlier, 51% reached operating profit, above the 13% margin then. Total costs grew 31% against revenue growth of 55%. Net earnings were $25.5M, up 201% year over year. The effective tax rate was 20.6%.
Operating cash flow was $42.0M (up 101% year over year), 155% of net income including minority interests. Non-cash charges added back $207K of depreciation and $220K of share-based compensation. Working capital and other items added $14.4M. Capital expenditures of $899K left free cash flow of $41.1M.
Questions
What was Ategrity Specialty Insurance's revenue in the first quarter 2026?
Ategrity Specialty Insurance (ASIC) reported revenue of $129M for the first quarter 2026 (Q1 2026), +55% from a year earlier and +5% from the quarter before.
Was Ategrity Specialty Insurance profitable in the first quarter 2026?
Operating profit was $34.2M (26.5% of revenue) and net earnings $25.5M.