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…
Earnings analysis · 10-Q
ACIC earnings analysis
Filed May 8, 2026 · Our reading of the company's report
The latest report
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…
Read full summary
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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.39
- Gross margin
- 24.8%
What stood out
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Revenue Decline
Total revenue decreased 12.9% year-over-year to $71.2 million from $81.6 million.
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EPS Performance
Reported EPS was $0.39, down from $0.43 year-over-year.
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Gross Margin Improvement
While total revenue fell, gross margin improved to 24.8% compared to 22.5% in the prior quarter.
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Reduced Policy Acquisition Costs
Policy acquisition costs fell by 4.6% to $22.4 million year-over-year.
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Stable Book Value
Book value per share increased to $6.86, up from $5.40 a year ago.
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Decrease in Total Expenses
Total expenses decreased by 3.0% to $45.7 million compared to the previous year.
What to watch
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Drop in Gross Premiums Written
Gross premiums written decreased by 24.5% to $149.4 million, reflecting heightened competition.
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Increased Loss Ratio
Loss ratio rose to 15.6% for Q1 2026, up from 16.7% year-over-year.
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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.
Management's outlook
Management indicated that market conditions remain challenging, affecting policy pricing and premium volume.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.