American Coastal Insurance (ACIC)
NASDAQ:ACIC
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.44Last Year’s EPS
0.54Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong underwriting discipline, solid profitability (net income $19.3M) and a successful reinsurance renewal that materially improves catastrophe protection and reduces risk-adjusted reinsurance costs. Management highlighted stable margins (combined ratio 66%, underlying 68.3%), improved book value and sizable excess capital ($150M–$200M). Key initiatives — E&S expansion, Skyway fronting and AI-driven efficiency — offer growth and margin-leverage potential. Offsetting these positives are front-end rate declines that reduced net premium earned (core income down $1.4M), competitive pressures in Florida, dependence on second-quarter premium production for full-year guidance, modest reductions in other income (-$0.9M) and some remaining uncertainty around final reinsurance retentions and capital-deployment timing. On balance, the positives (strong underwriting, enhanced reinsurance, solid capital and targeted growth initiatives) outweigh the headwinds, supporting a constructive outlook.Company Guidance
Strong Quarterly Profitability
Net income of $19.3 million and core income of $19.3 million; pretax earnings essentially flat year-over-year with net income from continuing operations down only $0.4 million, demonstrating resilient profitability despite market softness.
Excellent Underwriting Metrics and Stable Margins
Reported combined ratio of 66% (up 1 point year-over-year) and non-GAAP underlying combined ratio of 68.3% (vs. 68.2% prior year, +0.1 point), indicating disciplined underwriting and stable margins through the cycle.
Reinsurance Renewal Strengthens Financial Protection
June 1, 2026 core catastrophe program effectively completed with risk-adjusted reinsurance cost decreases, increased exhaustion point to over $1.6 billion (expected to exceed the 250-year return period on current Verisk hurricane model including demand surge and a 10% LAE load), movement of lower layers to all-perils, more aggregate protection for frequency/severity, and incremental overall limits/cascading layers.
Policy Count and Exposure Growth / Retention In Line
Management reported policy count and exposure base increased versus the same period a year ago and account retention was within target ranges (historical target 75%–95%, sweet spot low–mid 80s), with retention rebounding in March after early-quarter selective nonrenewals.
Strong Capital Position and Liquidity
Cash and investments of $599.4 million (after paying a $0.75/share special dividend of $36.6 million) and estimated excess capital between $150 million and $200 million, providing strategic and financial flexibility.
Balance Sheet and Book Value Improvement
Stockholders' equity increased 4.5% to $331.7 million and book value per share rose to $6.86, a 5.4% increase from year-end 2025, reflecting favorable underwriting results.
E&S Distribution Launch and Growth Pipeline
Initiated E&S participation (Q1 written E&S premium $6.2 million) and management targeting approximately $70 million of written E&S premium in 2026 via participation with AmRisc (management expects roughly half to earn in 2026), with further Skyway/fronting initiatives planned in 2026–2027 to expand specialty capacity.
Expense Discipline and Operational Efficiency Efforts
Total expenses decreased partially offsetting premium declines; G&A running around $10–$11 million per quarter and management pursuing operating efficiencies including early-stage AI initiatives to 'do more with less.'
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
ACIC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $11.87 | $10.44 | -12.05% |
Feb 19, 2026 | $11.13 | $10.89 | -2.16% |
Nov 05, 2025 | $11.66 | $11.47 | -1.69% |
Aug 06, 2025 | $9.57 | $10.07 | +5.21% |
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.
FAQ
When does American Coastal Insurance (ACIC) report earnings?
American Coastal Insurance (ACIC) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is American Coastal Insurance (ACIC) earnings time?
American Coastal Insurance (ACIC) earnings time is at Aug 12, 2026, After Close (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 2026 (Q2) is 0.44.