American Coastal Insurance Reports Mixed Q1 2025 Results

American Coastal Insurance Corporation ( (ACIC) ) has released its Q1 earnings. Here is a breakdown of the information American Coastal Insurance Corporation presented to its investors.

American Coastal Insurance Corporation is a property and casualty insurance holding company specializing in insuring Condominium and Homeowner Association properties, primarily in Florida, with a focus on hurricane-exposed properties. The company has reported its financial results for the first quarter of 2025, showcasing a mixed performance with some areas of growth and others of decline.

In the first quarter of 2025, American Coastal Insurance Corporation reported a 7.2% increase in gross premiums written, reaching $197.9 million, and an 8.4% rise in total revenue compared to the same period last year. However, the company experienced a 9.5% decline in consolidated net income, amounting to $21.3 million, primarily due to increased policy acquisition costs and a reduction in income from continuing operations.

Key financial metrics revealed a 9% increase in net premiums earned and a slight decrease in loss and loss adjustment expenses. The company’s book value per share also saw a significant rise of 26.5%, indicating a strengthening financial position. Despite these positive indicators, the combined ratio increased to 65%, reflecting higher expense ratios.

Looking ahead, American Coastal Insurance Corporation remains committed to disciplined underwriting and strategic business retention to support sustainable profitability. The management is focused on creating value for shareholders through careful financial management and operational efficiency.