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American Coastal Insurance Corp - ACIC STOCK NEWS

Welcome to our dedicated news page for American Coastal Insurance (Ticker: ACIC), a resource for investors and traders seeking the latest updates and insights on American Coastal Insurance.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect American Coastal Insurance's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of American Coastal Insurance's position in the market.

Rhea-AI Summary
American Coastal Insurance Corporation (ACIC) reports financial results for Q4 and full year 2023. Gross premiums written and earned show significant growth. Net premiums earned decrease. Total revenues decline. Core income and core income per diluted share improve. The company achieves positive consolidated net income. CEO Dan Peed highlights positive results and strategies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.63%
Tags
-
Rhea-AI Summary
American Coastal Insurance Corporation (ACIC) to Release Q4 and Full Year 2023 Financial Results on February 29, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.53%
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-
Rhea-AI Summary
American Coastal Insurance Corporation (ACIC) announced changes to its executive leadership team, appointing Svetlana Castle as Chief Financial Officer and promoting J. Andy Gray to Chief Compliance and Risk Officer. Castle brings 15 years of insurance industry experience and will be responsible for finance, accounting, and tax operations. Gray, with extensive experience in tax, accounting, and internal audit, will oversee compliance and risk management. The changes aim to introduce innovative perspectives and increase accountability and oversight to the company's operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.41%
Tags
management
Rhea-AI Summary
American Coastal Insurance Corporation (Nasdaq: ACIC) announced its financial results for Q3 2023, reporting a 0.7% increase in gross premiums written and a 19.8% increase in gross premiums earned. The company's net premiums earned decreased by 20.5%. The CEO highlighted the increase in book value per share and a core return on equity of 170.3%, emphasizing the company's outperformance and focus on expense reduction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
38.1%
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-
Rhea-AI Summary
American Coastal Insurance Corporation (NASDAQ: ACIC) will release its financial results for the third quarter ended September 30, 2023, on November 13, 2023. The quarterly conference call will be held at 5:00 p.m. ET, featuring live remarks and a Q&A session. Interested parties can participate by dialing in or listening to the webcast on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.27%
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-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.44%
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none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.36%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.84%
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conferences
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.27%
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none
American Coastal Insurance Corp

Nasdaq:ACIC

ACIC Rankings

ACIC Stock Data

515.76M
21.46M
49.92%
21.45%
2.05%
Direct Property and Casualty Insurance Carriers
Finance and Insurance
Link
US
St Petersburg

About ACIC

upc insurance is a flourishing and vibrant company that focuses on writing personal property insurance in catastrophe-exposed areas since 1999. upc is one of the fastest growing homeowners companies in the country. headquartered in st. petersburg, florida, we currently operate in several states with plans to rapidly expand. upc insurance maintains an “a”(exceptional) financial stability rating from demotech. at upc we believe that extraordinary associates drive our business. our team of talented and committed employees creates value for our customers and shareholders. we are traded on the nasdaq exchange with the symbol “uihc.” our ultimate vision is to be the premier provider of property insurance in catastrophe-exposed areas.