ACIC earnings analysis
What we found in ACIC's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
American Coastal Insurance Corporation reported Q1 2026 results with a total revenue of $71.2 million, a decrease of 12.9% year-over-year, and EPS of $0.39, compared to $0.43 in the prior year. The decline was primarily driven by a 24.5% drop in gross premiums written due to increased competition in a softer market, leading to a negative earnings surprise.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Decline
- Total revenue decreased 12.9% year-over-year to $71.2 million from $81.6 million.
- EPS Performance
- Reported EPS was $0.39, down from $0.43 year-over-year.
- Gross Margin Improvement
- While total revenue fell, gross margin improved to 24.8% compared to 22.5% in the prior quarter.
- Reduced Policy Acquisition Costs
- Policy acquisition costs fell by 4.6% to $22.4 million year-over-year.
- Stable Book Value
- Book value per share increased to $6.86, up from $5.40 a year ago.
- Decrease in Total Expenses
- Total expenses decreased by 3.0% to $45.7 million compared to the previous year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Drop in Gross Premiums Written
- Gross premiums written decreased by 24.5% to $149.4 million, reflecting heightened competition.
- Increased Loss Ratio
- Loss ratio rose to 15.6% for Q1 2026, up from 16.7% year-over-year.
- Significant Cash Outflows
- Net cash used in operating activities was -$5.7 million, a dramatic shift from $26.4 million inflow in the same quarter last year.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.39
- Gross margin
- 24.8%
What they said about what is next.
Management indicated that market conditions remain challenging, affecting policy pricing and premium volume.
The filing reads worse than the one before it.
What came before.
- 10-K · March 9, 2026
- ACIC positions itself as a focused Florida commercial property & casualty underwriter targeting low-rise condominium, apartment and assisted living risks, with distribution exclusively through AmRisc (condominiums) and…
- 10-Q · November 6, 2025
- American Coastal Insurance Corporation reported strong Q3 2025 results, significantly exceeding revenue and EPS estimates, with revenue of $90.4 million beating expectations by 164% and EPS of $0.61 surpassing estimates…
- 10-Q · August 7, 2025
- American Coastal reported Q2 total revenue of $86,467,000 (up $17,811,000 or 25.95% vs Q2 2024's $68,656,000) and GAAP net income of $26,442,000, driven by higher net premiums earned and investment income. Operating…
- 10-Q · May 10, 2024
- American Coastal Insurance Corporation reported a strong Q1 2024 with a 31.9% increase in revenue to $67 million from $51 million year-over-year. EPS of $0.50 significantly exceeded analysts' expectations of $0.25.…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing ACIC makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever