Ategrity Q4 adjusted EPS beats estimates

Reuters02-20
Ategrity Q4 adjusted EPS beats estimates

Overview

  • Specialty insurer's Q4 adjusted EPS beat analyst expectations

  • Gross written premiums rose 30.2% yr/yr, driven by growth initiatives

  • Combined ratio of 84.9%

Result Drivers

  • GROSS WRITTEN PREMIUMS - Increased 30.2% to $154 mln, driven by growth initiatives and expanded distribution network

  • UNDERWRITING STRATEGY - Disciplined pricing and precise risk selection contributed to strong underwriting results

  • EXPENSE RATIO IMPROVEMENT - Expense ratio decreased to 27.8% from 33.9%, due to operating leverage and lower acquisition costs

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Gross Written Premiums

$154.03 mln

Q4 Adjusted EPS

Beat

$0.51

$0.39 (5 Analysts)

Q4 EPS

$0.51

Q4 Adjusted Net Income

Beat

$25.39 mln

$18.60 mln (4 Analysts)

Q4 Combined Ratio

84.90%

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the property & casualty insurance peer group is "buy"

  • Wall Street's median 12-month price target for Ategrity Specialty Insurance Company Holdings is $25.50, about 49.1% above its February 18 closing price of $17.10

Press Release: ID:nBw5bQ6PJa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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