(RTTNews) – Ategrity Specialty Insurance Company Holdings (ASIC) revealed a profit for its third quarter that Increased from the same period last year and beat the Street estimates.
The company’s bottom line totaled $22.66 million, or $0.45 per share. This compares with $12.86 million, or $0.36 per share, last year.
Excluding items, Ategrity Specialty Insurance Company Holdings reported adjusted earnings of $22.83 million or $0.46 per share for the period.
Analysts on average had expected the company to earn $0.34 per share. Analysts’ estimates typically exclude special items.
The company’s revenue for the period rose 30.8% to $116.10 million from $88.75 million last year.
Ategrity Specialty Insurance Company Holdings earnings at a glance (GAAP) :
-Earnings: $22.66 Mln. vs. $12.86 Mln. last year.
-EPS: $0.45 vs. $0.36 last year.
-Revenue: $116.10 Mln vs. $88.75 Mln last year.
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Clinton Mora is a reporter for Trending Insurance News. He has previously worked for the Forbes. As a contributor to Trending Insurance News, Clinton covers emerging a wide range of property and casualty insurance related stories.