Filing Flows › Ategrity Specialty Insurance (ASIC) › Q2 2025
Ategrity Specialty Insurance (ASIC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Ategrity Specialty Insurance (ASIC) reported revenue of $102M for the second quarter 2025 (Q2 2025), +37% from a year earlier and +22% from the quarter before. Operating margin was 21.9%, net earnings $17.6M (17.3% of revenue).
Ategrity Specialty Insurance, Q2 2025: revenue $102M (+37% year over year), operating margin 21.9%, net earnings $17.6M, operating cash flow $29.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $102M | +22% | +37% |
| Operating profit | $22.3M | +109% | +320% |
| Net earnings | $17.6M | +108% | +256% |
| Operating cash flow | $29.8M | +42% | — |
| Free cash flow | $25.7M | +23% | — |
What changed
Revenue was $101.8M in Q2 2025, up 37% year over year and up 22% from the previous quarter.
Operating profit was $22.3M, a 21.9% margin (up 14.8 points year over year). Of the extra revenue versus a year earlier, 62% reached operating profit, above the 7% margin then. Total costs grew 15% against revenue growth of 37%. Net earnings were $17.6M, up 256% year over year. The effective tax rate was 21.1%.
Operating cash flow was $29.8M, 169% of net earnings. Non-cash charges added back $230K of depreciation and $357K of share-based compensation. Working capital and other items added $11.6M. Capital expenditures of $4.1M left free cash flow of $25.7M.
Questions
What was Ategrity Specialty Insurance's revenue in the second quarter 2025?
Ategrity Specialty Insurance (ASIC) reported revenue of $102M for the second quarter 2025 (Q2 2025), +37% from a year earlier and +22% from the quarter before.
Was Ategrity Specialty Insurance profitable in the second quarter 2025?
Operating profit was $22.3M (21.9% of revenue) and net earnings $17.6M.