From Yahoo Finance: 2025-03-26 12:20:00

Ategrity Specialty Insurance Company files for an IPO with the SEC, aiming to list on the NYSE under the ticker symbol ASIC. The company provides excess and surplus insurance to small and medium-sized US businesses. Zimmer Financial Services Group is expected to retain majority voting power post-IPO.

In 2024, Ategrity reported a consolidated net income of $47.1m, up 78% from 2023, with total revenues hitting $343.8m. Gross written premiums reached approximately $437m, showing a compound annual growth rate of 28.4% over two years. The company’s combined ratio improved to 93.9% in 2024.

J.P. Morgan Securities and Barclays Capital are the joint book-running managers for the IPO, with Latham & Watkins and Brownstein Hyatt Farber Schreck handling legal aspects for Ategrity. Skadden, Arps, Slate, Meagher & Flom will manage legal matters for the underwriters. Ategrity is domiciled in Delaware and authorized to operate in 48 states and DC.



Read more at Yahoo Finance: Excess and surplus insurance provider Ategrity files for IPO