Cluseau Investments(@blondesnmoney):$ASIC has significantly outperformed its more loftily valued peer, Kinsale, by 42% YTD. With Excess and Surplus activity continuing to slow, however, I think Ategrity is no longer the value setup it once was and I've taken profits on the ASIC leg of the trade.

2026.09.29 16:44

$ASIC has significantly outperformed its more loftily valued peer, Kinsale, by 42% YTD. With Excess and Surplus activity continuing to slow, however, I think Ategrity is no longer the value setup it once was and I've taken profits on the ASIC leg of the trade.

Cluseau Investments@blondesnmoney

2025.12.11 20:42

$KNSL is a higher quality name and a better underwriter than $ASIC. Competition is heating up and both have had a rough past few months. Still, with $ASIC at 12x 2026 earnings and $KNSL at 18x, I'd be surprised if $ASIC doesn't put on a strong 2026 performance given its growth. Only major wrench $ASIC seems to have is a big chunk of its investment portfolio is invested in infrastructure debt and mid caps, which have been padding earnings recently but are likely to remain volatile.