| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 71.22 | 1.4% |
| Total Income | 71.22 | 1.4% |
| Expenditure | 45.68 | 3.0% |
| PBT | 25.75 | 1.7% |
| Net Profit | 19.25 | 9.8% |
| OPM | 35.86% | 1.06pp |
| NPM | 27.03% | 2.53pp |
| EPS | 0.40 | 9.1% |
American Coastal Reports Q1 2026 Net Income $19.3 Million
06 May 2026 · 6 May, 1:38 am
Summary
American Coastal Insurance Corporation reported a net income of $19.3 million, or $0.39 per diluted share, for the first quarter ended March 31, 2026, compared to $21.3 million, or $0.43 per diluted share, for the same period in 2025. The decrease in net income was primarily due to the absence of discontinued operations, which contributed $1.6 million in the first quarter of 2025. Gross premiums written decreased by 24.5% to $149.4 million, while gross premiums earned decreased by 13.0% to $141.1 million. The company's combined ratio was 66.0%, and the underlying combined ratio was 68.3%.
Key Highlights
- 1
American Coastal Insurance Corporation reported a net income of $19.3 million for the first quarter ended March 31, 2026.
- 2
Net income available to ACIC stockholders per diluted share from continuing operations was $0.39 for Q1 2026.
- 3
Gross premiums written decreased by 24.5% to $149.4 million for the first quarter ended March 31, 2026.
- 4
The Company's combined ratio was 66.0% and the underlying combined ratio was 68.3% for the quarter.
- 5
Book value per common share increased 5.4% to $6.86 at March 31, 2026, from $6.51 at December 31, 2025.
- 6
Total revenue decreased by 1.4% to $71.2 million for the first quarter ended March 31, 2026.
- 7
The company's cash, restricted cash and investment holdings decreased to $599.4 million at March 31, 2026.
Management Comments
B. Bradford Martz
“I’m pleased to report another profitable quarter for American Coastal. Our 66.0% combined ratio and 68.3% underlying combined ratio remain in line with our targets. More importantly, these ratios were consistent year-over-year, leading us to consistent earnings throughout the market cycle. While the commercial market continues through a soft cycle, periods like these create opportunities for carriers with discipline, patience, and a long-term view of value creation. We are being deliberate about where and how we deploy capital through selective partnerships, targeted classes of commercial property business, and leaning into AI in ways that will strengthen our competitive position without compromising underwriting standards. Our focus remains on building value through specialization, talent, and prudent risk selection so that American Coastal can successfully navigate a very dynamic marketplace.”
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