Quarterly ResultAug 5, 2026, 04:04 PM
American Coastal Q2 Net Income $21.9M, EPS $0.44
AI Summary
American Coastal Insurance Corporation reported Q2 2026 net income of $21.9 million, or $0.44 per diluted share, a decrease from $26.4 million and $0.53 per diluted share in Q2 2025. Gross premiums written fell 5.3% to $216.3 million, and net premiums earned decreased 11.1% to $69.7 million. Despite the decline in income, the company highlighted a 20.2% increase in book value per share to $7.21, a 68.7% underlying combined ratio, and a 20% core return on equity, along with improved reinsurance coverage at a lower cost.
Key Highlights
- Net income for Q2 2026 was $21.9 million, down 17.2% from $26.4 million in Q2 2025.
- Diluted EPS for Q2 2026 was $0.44, a 17.0% decrease from $0.53 in Q2 2025.
- Gross premiums written decreased 5.3% to $216.3 million in Q2 2026.
- Net premiums earned decreased 11.1% to $69.7 million in Q2 2026.
- Book value per share increased 20.2% to $7.21 at June 30, 2026, from $6.00 a year prior.
- Underlying combined ratio was 68.7% for Q2 2026, compared to 62.2% in Q2 2025.
- Core income for Q2 2026 was $16.5 million, down 38.5% from $26.8 million in Q2 2025.
- Total revenue decreased 4.5% to $82.6 million in Q2 2026.
Price Impact
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