American Coastal Insurance Corporation reports developments tied to its role as a property and casualty insurance holding company for American Coastal Insurance Company. Company news centers on commercial residential property insurance, including condominium association, homeowner association and apartment properties in Florida, as well as underwriting results, premiums, combined ratios and catastrophe-loss exposure.
Recurring updates also cover quarterly earnings releases, conference calls, investor presentations, catastrophe reinsurance programs, capital management actions such as special dividends and share repurchases, and leadership changes affecting underwriting and governance functions.
American Coastal Insurance (ACIC) reported third-quarter 2026 net income of $19.4 million, down from the same quarter a year earlier. Diluted earnings fell to $0.40 from $0.65, while revenue declined 21.8% to $70.704 million. Gross premiums written rose 3.2% to $74.1 million, but net premiums earned fell 19.0% to $65.452 million.
The combined ratio, measuring losses and operating expenses against net premiums earned, increased to 64.7% from 56.9%. Book value per share reached $7.52, up 15.5% since year-end. Nine-month net income declined 24.6% to $60.547 million. Participation in AmRisc’s nationwide excess-and-surplus commercial property portfolio added $37.3 million of premium this year. ACES Specialty received its certificate of authority; the company expects to begin writing excess-and-surplus commercial property through Skyway in Florida, Texas and South Carolina in the coming months.
American Coastal Insurance (ACIC) expects to release its third-quarter financial results after market close on October 29, 2026. The results cover the quarter ended September 30, 2026. A conference call at 5:00 p.m. ET that day will feature live remarks and a question-and-answer session. The webcast will be archived and accessible after the call.
American Coastal Insurance Corporation (ACIC) announced that its new subsidiary, ACES Specialty Insurance Company, received Arizona authorization to transact excess and surplus insurance.
Initial plans cover catastrophe-exposed commercial property in Florida, Texas and South Carolina. ACES expects to begin writing business on or about December 1, 2026, subject to regulatory, rating agency and operational requirements.
American Coastal Insurance (ACIC) will host an investor webcast on October 13, 2026, at 2:00 p.m. Eastern Time.
President and CEO Bradford Martz and CFO Svetlana Castle will present the company’s corporate strategy, business model and growth initiatives. Investors can ask questions through an interactive Q&A portal after the presentation. Registration and a webcast link will be available through the company’s investor relations website.
American Coastal Insurance Corporation (ACIC) restructured the exclusive managing agency agreement between American Coastal Insurance Company and AmRisc, effective July 1, 2026, removing the contract’s fixed January 1, 2029 expiration date.
The agreement now renews automatically in successive one‑year terms and requires 48 months’ written notice from either party to terminate for convenience, ensuring the contract remains in force during the notice period and is always subject to at least a four‑year remaining term. AmRisc has served as AmCoastal’s exclusive distribution and underwriting partner for the Florida commercial‑residential portfolio since 2007.
American Coastal Insurance Corporation (Nasdaq: ACIC) announced that its Board of Directors approved an additional $25 million stock repurchase authorization. This increases the total repurchase capacity under its existing plan to $50 million, with $30.6 million still available as of August 6, 2026. Repurchases may occur in open-market or privately negotiated transactions, including under Rule 10b5-1 plans, at management’s discretion and with no expiration date.
American Coastal Insurance Corporation (Nasdaq: ACIC) reported second quarter 2026 net income of $21.9 million, or $0.44 per diluted share, down from $26.4 million, or $0.53, a year earlier. Core income was $16.5 million, or $0.33 per diluted share, versus $26.8 million, or $0.54, in 2025.
Total revenue declined 4.5% to $82.6 million/b) as gross premiums written fell 5.3% to $216.3 million and gross premiums earned dropped 16.2% to $138.7 million, driven by a 24% net pricing decrease in a softening Florida market. Net premiums earned decreased 11.1% to $69.7 million.The combined ratio rose to 74.3% from 60.6%, including a 4.5-point impact from current-year catastrophe losses and 1.1 points of prior-year unfavorable development; the underlying combined ratio was 68.7%. Book value per share increased 20.2% year over year to $7.21, and core return on equity was 20.0%. Excess and surplus (E&S) business contributed $28.7 million of year-to-date premium.
American Coastal Insurance Corporation (Nasdaq: ACIC) plans to release its second quarter 2026 financial results for the period ended June 30, 2026, after market close on Wednesday, August 5, 2026. The company will host a quarterly conference call at 5:00 p.m. ET, featuring live remarks and a Q&A session, with participation available via telephone and webcast.
American Coastal Insurance (Nasdaq: ACIC) completed $14.4 million in common stock repurchases during Q2 2026, finishing on June 26. The company bought 1,365,980 shares at an average price of $10.57, bringing year-to-date repurchases to $19.4 million, with $5.6 million remaining authorized.
American Coastal Insurance Corporation (Nasdaq: ACIC) reported Q1 2026 results: net income $19.3M ($0.39 diluted), gross premiums written $149.4M (-24.5% YoY), and book value per share $6.86 (+27.1% YoY). Combined ratio was 66.0% with an underlying combined ratio of 68.3%. The company paid a $36.6M dividend, reduced cash and investments to $599.4M, and cited softer commercial pricing and selective reinsurance changes as drivers.