Ategrity Specialty Insurance Company Holdings reported its financial results for the three months ended September 30, 2026, and disclosed a separation agreement with its former Chief Financial Officer, Neelam Patel.
For the third quarter of 2026, the company reported net income attributable to stockholders of $14.6 million, or $0.29 per diluted share. This figure compares to $22.7 million, or $0.45 per diluted share, in the prior-year period. The company also reported adjusted net income attributable to stockholders of $14.7 million, or $0.29 per diluted share.
Underwriting performance was highlighted by a combined ratio of 84.7%, a record low for the company, compared to 88.7% in the prior-year period. Gross written premiums increased 14.7% to $165.0 million for the quarter. Underwriting income was $19.5 million, an increase of 83.7% from the prior year.
In other news, the company entered into a Separation Agreement and Release with Neelam Patel on October 20, 2026. Ms. Patel ceased serving as Chief Financial Officer effective July 6, 2026, and her employment terminated on September 16, 2026. Under the terms of the agreement, Ms. Patel is set to receive severance payments and benefits totaling $604,794.52. This includes a $200,000 severance payment payable over six months, a prorated 2026 annual bonus of $354,794.52, six months of subsidized health coverage, and a $50,000 payment for her 2025 special bonus.
