Filing Flows › Ategrity Specialty Insurance (ASIC) › Q3 2025
Ategrity Specialty Insurance (ASIC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
Ategrity Specialty Insurance (ASIC) reported revenue of $116M for the third quarter 2025 (Q3 2025), +31% from a year earlier and +14% from the quarter before. Operating margin was 25.6%, net earnings $22.7M (19.5% of revenue).
Ategrity Specialty Insurance, Q3 2025: revenue $116M (+31% year over year), operating margin 25.6%, net earnings $22.7M, operating cash flow $41.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $116M | +14% | +31% |
| Operating profit | $29.7M | +33% | +61% |
| Net earnings | $22.7M | +29% | +76% |
| Operating cash flow | $41.1M | +38% | +57% |
What changed
Revenue was $116.1M in Q3 2025, up 31% year over year and up 14% from the previous quarter.
Operating profit was $29.7M, a 25.6% margin (up 4.7 points year over year). Of the extra revenue versus a year earlier, 41% reached operating profit, above the 21% margin then. Total costs grew 23% against revenue growth of 31%. Net earnings were $22.7M, up 76% year over year. The effective tax rate was 20.6%.
Operating cash flow was $41.1M (up 57% year over year), 174% of net income including minority interests. Non-cash charges added back $268K of share-based compensation. Working capital and other items added $17.2M.
Questions
What was Ategrity Specialty Insurance's revenue in the third quarter 2025?
Ategrity Specialty Insurance (ASIC) reported revenue of $116M for the third quarter 2025 (Q3 2025), +31% from a year earlier and +14% from the quarter before.
Was Ategrity Specialty Insurance profitable in the third quarter 2025?
Operating profit was $29.7M (25.6% of revenue) and net earnings $22.7M.