American Strategic Investment Co. Receives NYSE Approval for Compliance Plan
American Strategic Investment Co. announced that the New York Stock Exchange has accepted the Company's business plan to regain compliance with the continued listing standards set forth in Section 802.01B of the NYSE Listed Company Manual. As previously disclosed, on August 26, 2025, the Company received a notice from NYSE that the Company was not in compliance with NYSE listing standard 802.01B because at such time the Company's average global market capitalization over a consecutive 30 trading-day period was less than $50,000,000 and its stockholders' equity as of June 30, 2025 was less than $50,000,000. Based upon a review of the compliance plan and information submitted by the Company, the NYSE has accepted the submission. In accordance with NYSE rules, the Company will now be given until February 26, 2027 to regain conformity with continued listing standards. The Company's Class A common stock will continue to be listed on the NYSE during such time, subject to the Company's compliance with other continued listing standards. The Company will also be subject to quarterly monitoring by the NYSE for compliance with the plan. If the Company fails to comply with the plan or does not meet continued listing standards at the end of the cure period, it will be subject to the prompt initiation of NYSE suspension and delisting procedures.
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- Significant Growth: Ategrity achieved a 30% increase in gross written premiums in Q4 2025, surpassing guidance by 20 percentage points, demonstrating strong performance in the E&S market and solidifying its market position.
- Improved Profitability: Adjusted net income reached $25.4 million, up from $22.7 million year-over-year, reflecting the company's success in revenue growth and margin improvement, which is expected to continue driving shareholder returns.
- Effective Technology Investments: The company's investments in AI integration are beginning to pay off, with management stating that these technologies will drive future business growth and enhance operational efficiency, ensuring a competitive edge in a challenging market.
- Optimistic Outlook: Management anticipates a growth rate in Q1 2026 that exceeds E&S market growth by 20 percentage points while maintaining a combined ratio below 90%, demonstrating confidence in future growth and the effectiveness of strategic planning.
- Strong Earnings Performance: Ategrity Specialty Insurance reported a Q4 non-GAAP EPS of $0.51, beating expectations by $0.12, which demonstrates the company's robust profitability and enhances investor confidence.
- Significant Revenue Growth: The company achieved revenue of $123.34 million in Q4, reflecting a year-over-year increase of 17.9%, indicating its competitive strength and business expansion capabilities, suggesting potential for continued growth.
- Positive Market Reaction: The IPO performance of Ategrity Specialty Insurance has garnered market attention, and despite short-term volatility, the strong financial results may attract more investor interest, potentially driving stock price increases.
- Enhanced Industry Position: With ongoing improvements in financial performance, Ategrity Specialty Insurance is likely to strengthen its position in the specialty insurance sector, enhancing its competitive advantage in the market.
- Outlook Upgrade: AM Best has affirmed Ategrity Specialty Insurance Company's Financial Strength Rating at A- and upgraded the outlook to positive, reflecting the company's strong balance sheet and appropriate enterprise risk management.
- Strong Capital Adequacy: Ategrity's risk-adjusted capitalization is at the strongest level, bolstered by successful IPO and regular capital contributions from its majority owner, ensuring financial stability for the future.
- Improved Underwriting Profitability: Over the past three years, Ategrity has significantly enhanced its underwriting profitability through optimized business mix and management strategies, with expectations of continued strong performance through 2025.
- Excellent Investment Performance: Ategrity's alternative investment portfolio continues to outperform benchmarks, enhancing overall company performance and indicating stability and profitability amid market fluctuations.
- Outlook Adjustment: AM Best has upgraded the outlook for Ategrity Specialty Insurance Company from stable to positive while affirming its Financial Strength Rating of A-, indicating the company's robust position in the insurance market.
- Strong Capital Adequacy: Ategrity's risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio (BCAR), is at the strongest level, bolstered by its successful IPO and ongoing capital contributions, ensuring future financial stability.
- Improved Underwriting Profitability: Over the past three years, Ategrity has significantly enhanced its underwriting profitability through optimized business mix and management strategies, with expectations for this trend to continue driving future performance.
- Excellent Investment Performance: Ategrity's alternative investment portfolio continues to outperform benchmarks, enhancing the company's overall financial performance and further solidifying its competitive edge in the small to medium-sized business insurance market.

Rating Outlook Change: AM Best has revised the outlook for Ategrity Specialty Insurance Company and its affiliate to positive from stable, affirming their Financial Strength Rating of A- and Long-Term Issuer Credit Ratings of "a-" and "bbb-".
Balance Sheet Strength: Ategrity maintains a very strong balance sheet, with risk-adjusted capitalization at the strongest level, supported by capital contributions and a successful IPO in June 2025.
Improved Underwriting Performance: The company has successfully reduced business volatility and improved underwriting profitability over the past three years, aided by a favorable business mix and investment performance.
Strategic Enhancements: Ategrity has made significant improvements in its business profile and enterprise risk management, which are expected to contribute to continued stability and profitability in the future.

Surge in Insurance IPOs: Insurance companies have seen a significant increase in initial public offerings (IPOs) this year, reaching a 20-year high, as investors seek stability amid economic volatility caused by trade wars and inflation.
Strong Performance and Investor Interest: U.S.-listed insurance IPOs have collectively raised $2.64 billion, with companies like American Integrity and Aspen Insurance performing well post-debut, indicating strong investor interest in the sector.
Future Outlook for Insurance IPOs: Despite concerns over pricing pressures and claims, the insurance industry is expected to continue attracting investors, with a pipeline of companies ready to go public, particularly those backed by private equity firms.
Impact of Government Shutdown: The recent U.S. government shutdown has caused delays in the IPO process, which may affect the number of listings in 2025, pushing momentum into the first half of 2026.







