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Stock impact report

Excess and surplus insurance provider Ategrity files for IPO [Yahoo! Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
The company seeks to list its common stock on the New York Stock Exchange (NYSE) under the ticker symbol ASIC. Ategrity provides excess and surplus insurance products to small and medium-sized businesses throughout the US. Following the IPO, Zimmer Financial Services Group is expected to maintain the majority of voting power for Ategrity's common stock in director elections. The company noted: “As a result, we will be a 'controlled company' as defined under the corporate governance rules of the NYSE and will be exempt from certain corporate governance requirements of such rules.” The company has reported a consolidated net income attributable to members of $47.1m for 2024, a 78% increase from $10m in 2023. Total revenues reached $343.8m in 2024, up from $241m in 2023. Gross written premiums for the year ending 31 December 2024 were approximately $437m, marking a compound annual growth rate of 28.4% over the past two years. The company's combined ratio improved to 93.9% Show less Read more
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