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ACIC

American Coastal Insurance Corporation

ACIC

American Coastal Insurance Corporation • NASDAQ
$11.95 ▼ -0.42% (-0.05)
Market Cap $582.75 M
52w High $15.08
52w Low $9.97
Dividend Yield 0.50%
P/E 6.91
Volume 30.46K
Outstanding Shares 48.77M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $90.288M ▲ $11.936M ▲ $32.483M ▲ 35.977% ▲ $0.67 ▲ $46.718M ▲
Q2-2025 $86.359M ▲ $8.639M ▼ $26.442M ▲ 30.619% ▲ $0.55 ▲ $41.962M ▲
Q1-2025 $72.085M ▼ $10.661M ▼ $21.348M ▲ 29.615% ▲ $0.41 ▲ $30.633M ▲
Q4-2024 $79.047M ▼ $13.852M ▲ $4.946M ▼ 6.257% ▼ $0.1 ▼ $13.926M ▼
Q3-2024 $82.136M $12.903M $28.119M 34.235% $0.59 $42.083M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $382.969M ▼ $1.179B ▼ $851.633M ▼ $327.221M ▲
Q2-2025 $436.594M ▲ $1.347B ▲ $1.055B ▲ $292.3M ▲
Q1-2025 $332.766M ▲ $1.16B ▼ $898.766M ▼ $260.88M ▲
Q4-2024 $285.044M ▼ $1.216B ▲ $980.452M ▲ $235.66M ▼
Q3-2024 $329.412M $1.144B $884.292M $259.582M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $32.483M ▲ $-35.615M ▼ $-12.461M ▼ $0 ▼ $-48.076M ▼ $-35.615M ▼
Q2-2025 $28.037M ▲ $127.949M ▲ $24.552M ▲ $465K ▲ $174.172M ▲ $127.949M ▲
Q1-2025 $21.348M ▲ $26.443M ▲ $5.204M ▲ $309K ▲ $31.956M ▲ $26.347M ▲
Q4-2024 $4.946M ▼ $1.602M ▲ $-16.307M ▼ $-25.461M ▼ $-40.166M ▼ $1.591M ▲
Q3-2024 $28.119M $-8.979M $-10.09M $163K $-18.906M $-8.99M

Five-Year Company Overview

Income Statement

Income Statement The company looks like a restructuring and recovery story. A few years ago, it went through a period of weak results and sizeable losses, then sharply improved, shifting to solid profits more recently. Revenue today is lower than earlier in the decade, but margins and profitability have improved a lot, suggesting a smaller, more focused, and better underwritten book of business. The large earnings swing from deep losses to strong profits highlights both the success of the turnaround and the underlying volatility of a Florida‑focused property insurer, where results can change quickly with storms and pricing cycles.

Balance Sheet

Balance Sheet The balance sheet has healed meaningfully from a stressed period. Equity moved from negative back to positive and has been building, which signals restored capital strength after prior losses. Overall assets have shrunk compared with earlier years, consistent with exiting unprofitable lines, while debt has stayed relatively modest and stable. Cash levels are steady rather than abundant, implying a reasonably controlled but not overly cushioned liquidity position. The key watchpoint is that the capital base is now rebuilt but still not oversized relative to the catastrophe‑heavy risks the company writes.

Cash Flow

Cash Flow Cash generation has turned a corner. For several years, operating cash flow was negative, reflecting loss‑making operations and cleanup of the legacy portfolio. More recently, operating and free cash flow flipped to clearly positive, and capital spending remains minimal. This points to a lean, service‑type insurer now generating cash rather than consuming it. The positive shift is a strong sign of underlying business health, but given the company’s exposure to large weather events, cash flow could still be lumpy from year to year.

Competitive Edge

Competitive Edge American Coastal has a clear niche: commercial residential properties in Florida, especially condo and homeowners associations. In that slice of the market it is a major player, which gives it deep local knowledge, strong broker relationships, and underwriting experience that many broader, national carriers may lack. Its long‑standing, exclusive partnership with AmRisc adds distribution reach, advanced risk models, and on‑the‑ground inspection capabilities, creating a moat that is hard to copy quickly. The flip side is heavy concentration in one catastrophe‑prone state and one product type, so competitive strength is balanced by geographic and regulatory risk.

Innovation and R&D

Innovation and R&D The company leans heavily on technology and data rather than large physical infrastructure. Its proprietary policy system built on a no‑code platform, combined with its Mosaic and Skyway underwriting portals, allows quick product changes and relatively low IT costs. Through AmRisc, it taps into proprietary risk models and systems that blend commercial catastrophe tools with in‑house analytics, plus newer AI‑enabled underwriting tools from partners like Kalepa. This tech stack supports more precise pricing, better risk selection, and potentially faster scaling into adjacent niches such as apartment properties, though the payoff depends on continued disciplined use of these tools rather than just owning them.

Summary

Overall, American Coastal looks like a company that shrank to strength: it exited weaker lines, rebuilt its balance sheet, and refocused on a specialized, higher‑margin niche. Profitability and cash flow have improved sharply, and capital is back in positive territory, pointing to a successful turnaround. Its competitive edge rests on specialization in Florida condo and association risks, long‑term exclusive partnerships, and a fairly sophisticated technology and analytics platform. The main risks are the concentration in a single, hurricane‑exposed state, dependence on reinsurance markets and regulation, and the inherently volatile nature of catastrophe insurance. Interpreted together, the story is of a leaner, more disciplined insurer with meaningful strengths but still exposed to event‑driven swings and a complex operating environment.

NEWS

November 20, 2025 · 4:15 PM UTC

American Coastal Insurance Corporation to Participate in Upcoming Conferences

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November 5, 2025 · 4:05 PM UTC

American Coastal Insurance Corporation Reports Financial Results for Its Third Quarter Ended September 30, 2025

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