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American Coastal Insurance (ACIC)
NASDAQ:ACIC
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.4Last Year’s EPS
0.5Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -12.06%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong growth in revenue, successful launch of a new apartment program, and enhanced reinsurance protections, demonstrating resilience and strategic advancement. However, the impact of Hurricane Milton and increased operating expenses posed challenges. Overall, the highlights indicate a positive outlook with manageable lowlights.Company Guidance
During the American Coastal Insurance Corporation's fourth-quarter 2024 earnings call, the company provided guidance for 2025, emphasizing several key metrics and strategic initiatives. Despite a full retention loss from Hurricane Milton, the company remained profitable, with a pre-tax income of approximately $102 million for the full year, up nearly 6% year-over-year. In Q4, total revenues grew nearly 55% year-over-year due to retaining more business and reducing the quota share. The company launched a new apartment program in Florida, writing 19 new apartment risks totaling approximately $2.3 million in premium. American Coastal also enhanced its reinsurance protections, placing a new three-year catastrophe bond upsized to $200 million, which includes a cascading feature for multiple hurricane events. The company successfully renewed its All Other Perils (AOPCAT) and Excess Per Risk reinsurance programs, reducing retention levels significantly. For 2025, American Coastal expects a net income range between $70 million and $90 million, with an anticipated return on beginning equity of over 30%. The company starts 2025 with approximately $236 million of stockholders' equity and remains focused on underwriting profit as its primary business objective.New Apartment Program Launch
American Coastal launched a new apartment program in Florida, writing 19 new apartment risks totaling $2.3 million of premium, indicating early success in diversifying their risk portfolio.
Revenue and Growth Metrics
Total revenues grew nearly 55% year-over-year in Q4, supported by better-than-expected new business growth and renewal account retention.
Enhanced Reinsurance Protections
The company placed a new three-year catastrophe bond, increasing from $100 million to $200 million, priced below the expected range, and introduced a cascading feature for multiple hurricane events.
Strong Financial Performance
Pre-tax income for the full year 2024 was approximately $102 million, up nearly 6% year-over-year, despite $23 million more in net catastrophe losses.
Increased Stockholders' Equity
The company starts 2025 with approximately $236 million of stockholders' equity, a 39.6% increase, showcasing strong capitalization.
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ACIC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ACIC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $12.69 | $12.14 | -4.33% |
| Nov 06, 2024 | $12.80 | $12.17 | -4.92% |
| Aug 07, 2024 | $11.22 | $10.85 | -3.30% |
| May 09, 2024 | $10.50 | $11.73 | +11.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does American Coastal Insurance (ACIC) report earnings?
American Coastal Insurance (ACIC) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is American Coastal Insurance (ACIC) earnings time?
American Coastal Insurance (ACIC) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ACIC EPS forecast?
ACIC EPS forecast for the fiscal quarter 2025 (Q1) is 0.4.
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