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American Coastal Insurance (ACIC)
NASDAQ:ACIC
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.38Last Year’s EPS
0.4Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: -6.21%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance in the first quarter with significant growth in premiums, improved financial metrics, and enhanced reinsurance program. Despite some increased costs and competitive market challenges, the positive aspects, including strong equity growth and reduced reinsurance rates, outweigh the negatives.Company Guidance
During the first quarter of fiscal year 2025, American Coastal Insurance Corporation achieved several key metrics that highlight its strong performance. The company reported a target combined ratio of 65% and a core return on equity exceeding 34%. It saw a 6% growth in policies in-force since year-end, with premiums totaling approximately $661 million as of March 31, 2025. Gross premiums written increased by over 7% compared to the previous year, supported by a renewal account retention rate of 88%. The company's catastrophe reinsurance program, effective June 1, 2025, is projected to increase its first event limit by approximately 16%, from $1.16 billion to around $1.35 billion, and aggregate protection for multiple events is expected to rise by about 32%. Additionally, the first event retention is anticipated to increase from approximately $20.5 million to $29.75 million. The risk-adjusted reinsurance rate decreased by approximately 12%, with variations across layers ranging from 10% to 22%. Overall, the company is well-positioned to continue its growth initiatives in 2025, supported by a 10.7% increase in stockholders’ equity and a book value per share growth of 10.4% from the previous year-end.Strong First Quarter Performance
American Coastal achieved a target combined ratio of 65% and a core return on equity of over 34%.
Growth in Policies and Premiums
Policies in-force grew approximately 6% since year-end, with gross premiums written increasing by over 7% year-over-year.
Reinsurance Program Improvements
The core catastrophe reinsurance program renewal is 100% placed except for a new top layer, increasing first event limit by approximately 16% and aggregate protection by about 32% year-over-year.
Decrease in Risk-Adjusted Reinsurance Rate
Risk-adjusted reinsurance rate decreased estimated at approximately 12%, with variations between layers from 10% to 22%.
Strong Financial Metrics
Net income for the first quarter was $21.3 million, with net premium earned growing by 9% to $68.3 million.
Improved Cash Position
Cash investments grew by 5.2% to $540.8 million, bolstered by higher-than-expected proceeds from the Interboro sale.
Increase in Stockholders’ Equity
Stockholders’ equity increased by 10.7% to $260.9 million, with a 10.4% increase in book value per share from year-end 2024.
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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 |
|---|---|---|---|
May 08, 2025 | $11.92 | $11.16 | -6.38% |
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% |
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 Aug 06, 2025, TBA Not Confirmed.
What is American Coastal Insurance (ACIC) earnings time?
American Coastal Insurance (ACIC) earnings time is at Aug 06, 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 (Q2) is 0.38.
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