American Coastal Insurance Corporation (ACIC)

In the past six months, American Coastal Insurance Corp. reported its third-quarter 2025, fourth-quarter and full-year 2025, and first-quarter 2026 financial results. In November 2025, ACIC reported third-quarter results, showing continued profitability with a net income of $32.5 million and total revenue of $90.4 million, and announced participation in investor conferences. In February 2026, the company reported fourth-quarter net income of $26.6 million and full-year 2025 net income of $106.8 million, with diluted EPS of $2.15 and revenue rising 13.1% year-over-year to $335.4 million. In March 2026, American Coastal Insurance Corporation announced the completion of $5 million in common stock share repurchases. In May 2026, ACIC reported first-quarter 2026 results with a net income of $19.3 million and diluted EPS of $0.39, with gross premiums written declining by 24.5% year-over-year due to a softening market and disciplined underwriting; the stock reached a new 52-week low of $9.80 after the Q1 results, and management outlined excess capital and increased its reinsurance exhaustion point.

The demand for property insurance in Florida is significantly influenced by hurricane season, which runs from June 1 to November 30, leading to increased focus on insurance coverage. Homeowners' insurance policies in Florida often have separate hurricane or windstorm deductibles. Catastrophic weather events can lead to local shortages of materials and skilled labor, impacting reconstruction costs and increasing premiums. The Florida property insurance market has historically experienced "boom and bust" cycles due to hurricane losses. The company has more aggregate protection against frequency and severity resulting from a potentially active hurricane season.

American Coastal Insurance Corp. (ACIC) underwrites commercial residential property and casualty insurance policies, primarily commercial multi-peril property insurance for residential condominium associations and apartments in Florida. The company targets areas where the threat of natural catastrophes has led large national insurance carriers to reduce their policy concentrations, managing risk through pricing algorithms, avoidance of policy concentration, and a comprehensive catastrophe reinsurance program. ACIC has strategically shifted to focus on commercial lines, completing the sale of its personal lines subsidiary, Interboro Insurance Company (IIC), in April 2025.

ACIC's primary revenue source is insurance written in Florida, where it is the largest voluntary market writer of commercial residential properties. It ceased writing commercial residential insurance in South Carolina and Texas in May 2022. The company's headquarters are located in St. Petersburg, Florida.

American Coastal Insurance reports have an aggregate usefulness score of 4.7 out of 5.0 based on 60 reviews. No specific events significantly impacting American Coastal Insurance Corp.'s brand reputation in the past year were found in the provided search results.

American Coastal Insurance Corp. has a mixed ownership structure, including institutional, insider, and retail investors. As of May 5, 2026, there were 144 institutional owners and shareholders holding a total of 15,811,338 shares, with major institutional shareholders including BlackRock, Inc., and Vanguard Group Inc. Insiders own approximately 43.33% of the company's stock. Daniel Peed is the largest individual shareholder, owning 17.35 million shares, representing 35.65% of the company. R. Daniel Peed, the Executive Chairman of the Board, beneficially owned approximately 29% of the common stock as of December 31, 2024.