AMERICAN COASTAL INSURANCE Corp

American Coastal Insurance Corporation's Board of Directors has authorized an additional $25 million for common stock repurchases. This increases the total authorization under the previously announced plan to $50 million, with $30.6 million still available as of August 6, 2026. The company plans to execute these repurchases through various methods, including open market transactions, with no set expiration date for the authorization.

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.

American Coastal Insurance Corporation announced the completion of $14.4 million in common stock share repurchases during the second quarter of 2026. The company repurchased 1,365,980 shares at an average price of $10.57 per share, bringing the year-to-date total to $19.4 million. American Coastal retains authorization to repurchase an additional $5.6 million of common stock, with management indicating a readiness to execute based on market conditions.

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.