Filing Flows › Ategrity Specialty Insurance (ASIC) › Q4 2025
Ategrity Specialty Insurance (ASIC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 6, 2026
Ategrity Specialty Insurance (ASIC) reported revenue of $123M for the fourth quarter 2025 (Q4 2025), +18% from a year earlier and +6% from the quarter before. Operating margin was 26.9%, net earnings $25.3M (20.5% of revenue).
Ategrity Specialty Insurance, Q4 2025: revenue $123M (+18% year over year), operating margin 26.9%, net earnings $25.3M, operating cash flow $55.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $123M | +6% | +18% |
| Operating profit | $33.2M | +12% | +6% |
| Net earnings | $25.3M | +11% | +17% |
| Operating cash flow | $55.3M | +35% | +60% |
What changed
Revenue was $123.3M in Q4 2025, up 18% year over year and up 6% from the previous quarter.
Operating profit was $33.2M, a 26.9% margin (down 3.1 points year over year). Of the extra revenue versus a year earlier, 9% reached operating profit, below the 30% margin then. Total costs grew 23% against revenue growth of 18%. Net earnings were $25.3M, up 17% year over year. The effective tax rate was 20.2%.
Operating cash flow was $55.3M (up 60% year over year), 209% of net income including minority interests. Non-cash charges added back $212K of share-based compensation. Working capital and other items added $28.7M.
Questions
What was Ategrity Specialty Insurance's revenue in the fourth quarter 2025?
Ategrity Specialty Insurance (ASIC) reported revenue of $123M for the fourth quarter 2025 (Q4 2025), +18% from a year earlier and +6% from the quarter before.
Was Ategrity Specialty Insurance profitable in the fourth quarter 2025?
Operating profit was $33.2M (26.9% of revenue) and net earnings $25.3M.