American Coastal Insurance Corporation Announces Upgrade of Issuer and Debt Ratings From Kroll Bond Rating Agency
American Coastal Insurance Corporation (NASDAQ:ACIC) announced that Kroll Bond Rating Agency (KBRA) has upgraded its ratings. The agency raised both the Issuer Rating and Debt Rating from BB+ to BBB-, while affirming AmCoastal's Insurance Financial Strength Rating at A-.
The outlook for all ratings has been improved to Positive from Stable, reflecting KBRA's confidence in American Coastal's financial performance, risk-adjusted capitalization, robust reinsurance programs, and high-quality investment portfolio. The upgrade will result in a $1.5 million reduction in annual interest expense.
American Coastal Insurance Corporation (NASDAQ:ACIC) ha annunciato che Kroll Bond Rating Agency (KBRA) ha migliorato i suoi rating. L'agenzia ha aumentato sia il Rating dell'Emittente che il Rating del Debito da BB+ a BBB-, confermando nel contempo il Rating di Solidità Finanziaria Assicurativa di AmCoastal a A-.
Le prospettive per tutti i rating sono state aggiornate da Stabili a Positive, riflettendo la fiducia di KBRA nelle performance finanziarie di American Coastal, nella capitalizzazione aggiustata per il rischio, nei solidi programmi di riassicurazione e nel portafoglio investimenti di alta qualità. Questo miglioramento comporterà una riduzione annua degli oneri finanziari di 1,5 milioni di dollari.
American Coastal Insurance Corporation (NASDAQ:ACIC) anunció que Kroll Bond Rating Agency (KBRA) ha mejorado sus calificaciones. La agencia elevó tanto la Calificación del Emisor como la Calificación de Deuda de BB+ a BBB-, mientras que confirmó la Calificación de Fortaleza Financiera de Seguros de AmCoastal en A-.
La perspectiva para todas las calificaciones ha sido mejorada de Estable a Positiva, reflejando la confianza de KBRA en el desempeño financiero de American Coastal, la capitalización ajustada por riesgo, los robustos programas de reaseguro y la cartera de inversiones de alta calidad. La mejora resultará en una reducción anual de $1.5 millones en gastos por intereses.
American Coastal Insurance Corporation (NASDAQ:ACIC)가 Kroll Bond Rating Agency (KBRA)로부터 등급 상향을 받았다고 발표했습니다. 기관은 발행자 등급과 부채 등급을 BB+에서 BBB-로 상향 조정했으며, AmCoastal의 보험 재무 건전성 등급은 A-로 유지했습니다.
모든 등급의 전망은 안정적에서 긍정적으로 상향 조정되었으며, 이는 KBRA가 American Coastal의 재무 성과, 위험 조정 자본, 견고한 재보험 프로그램 및 고품질 투자 포트폴리오에 대해 신뢰하고 있음을 반영합니다. 이번 등급 상향으로 연간 이자 비용이 150만 달러 절감될 예정입니다.
American Coastal Insurance Corporation (NASDAQ:ACIC) a annoncé que l'agence de notation Kroll Bond Rating Agency (KBRA) a relevé ses notes. L'agence a augmenté à la fois la note d'émetteur et la note de dette de BB+ à BBB-, tout en maintenant la note de solidité financière d'assurance d'AmCoastal à A-.
Les perspectives pour toutes les notes ont été revues à la hausse, passant de Stable à Positive, reflétant la confiance de KBRA dans la performance financière d'American Coastal, sa capitalisation ajustée au risque, ses solides programmes de réassurance et son portefeuille d'investissements de haute qualité. Cette amélioration entraînera une réduction annuelle des charges d'intérêts de 1,5 million de dollars.
American Coastal Insurance Corporation (NASDAQ:ACIC) gab bekannt, dass die Kroll Bond Rating Agency (KBRA) ihre Ratings angehoben hat. Die Agentur erhöhte sowohl das Emittentenrating als auch das Schuldenrating von BB+ auf BBB- und bestätigte gleichzeitig die Versicherungsfinanzstärkebewertung von AmCoastal mit A-.
Der Ausblick für alle Ratings wurde von Stabil auf Positiv verbessert, was KBRAs Vertrauen in die finanzielle Leistung von American Coastal, die risikoadjustierte Kapitalausstattung, robuste Rückversicherungsprogramme und ein hochwertiges Investmentportfolio widerspiegelt. Die Heraufstufung führt zu einer jährlichen Zinskostenersparnis von 1,5 Millionen US-Dollar.
- Upgrade to investment grade status (BBB-) from BB+
- Annual interest expense reduction of $1.5 million
- Strong double-digit EBIT interest coverage maintained
- Positive outlook from KBRA (upgraded from Stable)
- Strong risk-adjusted capitalization and robust reinsurance programs
- None.
ST. PETERSBURG, Fla., July 21, 2025 (GLOBE NEWSWIRE) -- American Coastal Insurance Corporation (Nasdaq Ticker: ACIC) (“American Coastal” or the “Company”) the insurance holding company of American Coastal Insurance Company (“AmCoastal”), announced today that Kroll Bond Rating Agency (“KBRA”) has upgraded its Issuer Rating from BB+ to BBB- and upgraded its Debt Rating from BB+ to BBB-. KBRA also affirmed the Insurance Financial Strength Rating of A- for AmCoastal. The Outlook for all ratings has been changed to Positive from Stable.
The upgrade of American Coastal’s Issuer and Debt ratings reflects the continued improvements in its financial leverage metrics and maintenance of strong double-digit EBIT interest coverage. The change in outlook to Positive from Stable reflects KBRA’s expectation that American Coastal will continue to report favorable operating results and maintain its strong risk-adjusted capitalization, robust reinsurance programs with strong counterparties, and high credit quality investment portfolio.
“We are proud to have regained investment grade status and positive outlooks. This will immediately reduce the Company’s annual interest expense by
About American Coastal Insurance Corporation:
American Coastal Insurance Corporation (amcoastal.com) is the holding company of the insurance carrier, American Coastal Insurance Company, which was founded in 2007 for the purpose of insuring Condominium and Homeowner Association properties, and apartments in the state of Florida. American Coastal Insurance Company has an exclusive partnership for distribution of Condominium Association properties in the state of Florida with AmRisc Group (amriscgroup.com), one of the largest Managing General Agents in the country specializing in hurricane-exposed properties. American Coastal Insurance Company has earned a Financial Stability Rating of “A”, Exceptional’ from Demotech, and maintains an “A-” insurance financial strength rating with a Positive outlook by Kroll. ACIC maintains a ‘BBB-’ issuer rating with a Positive outlook by Kroll.
Contact Information:
Alexander Baty
Vice President, Finance & Investor Relations, American Coastal Insurance Corporation
investorrelations@amcoastal.com
(727) 425-8076
Karin Daly
Investor Relations, Vice President, The Equity Group
kdaly@theequitygroup.com
(212) 836-9623
FAQ
What ratings upgrade did American Coastal Insurance (ACIC) receive from KBRA in July 2025?
How will the KBRA ratings upgrade affect ACIC's financials?
What factors led to ACIC's ratings upgrade by KBRA?
What is the current outlook for American Coastal Insurance (ACIC) according to KBRA?
