AMERICAN COASTAL INSURANCE Corp

American Coastal Insurance Corporation, through its subsidiary AmCoastal, renewed its core catastrophe reinsurance program effective June 1, 2026. The program now provides approximately $1.918 billion of occurrence-based limit, a 14.4% increase from the previous year. Despite the increased coverage, the provisional cost of the excess of loss reinsurance programs decreased by 11.1% to approximately $179.5 million. The company also placed $200 million in new multi-year Catastrophe Bond limit and increased its first and second event retentions.

American Coastal Insurance reported Q1 2026 net income from continuing operations of $19.25 million, a slight decrease from $19.71 million in Q1 2025. Total revenue also saw a minor decline to $71.22 million from $72.20 million year-over-year. The company experienced a shift to negative net cash flow from operating activities, reporting $(5.74) million compared to $26.44 million in the prior year period, while also returning capital through $36.57 million in dividends and $5.00 million in treasury share repurchases.

American Coastal Insurance Corporation reported Q1 2026 consolidated net income of $19.3 million, or $0.39 per diluted share, a decrease primarily attributed to the absence of income from discontinued operations present in the prior year. Gross premiums written declined by 24.5% to $149.4 million due to a softening commercial property market and increased competition. Despite top-line pressure, the company maintained a strong combined ratio of 66.0% and saw its book value per share increase by 5.4% to $6.86, while also completing its Core CAT reinsurance program renewal with favorable terms.

American Coastal Insurance Corporation (ACIC) announced its plan to release first-quarter 2026 financial results on Tuesday, May 5, 2026, after the market closes. Following the release, the company will host a quarterly conference call on the same day at 5:00 p.m. ET. Interested parties can participate via dial-in or webcast, with the webcast archived for 30 days.