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
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)
Comments