Ategrity Specialty (NYSE:ASIC) reported third-quarter underwriting income of $19.5 million, up 83.7%, and a combined ratio of 84.7%, its lowest to date and down from 88.7% a year earlier. Gross written premiums rose 14.7% and submissions grew 30%, helped by lower loss and expense ratios and growth in property and casualty lines. Adjusted net income fell to $14.7 million, or $0.29 per diluted share, from $22.8 million, as realized and unrealized investment losses of $17.2 million offset higher net investment income. The company launched four specialty products, used AI to cut development time, and raised rates on new casualty business to pay for broader coverage. Book value per share was $13.72.
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