American Coastal Insurance Corporation Reports Financial Results for Its Third Quarter Ended September 30, 2026
American Coastal reported Q3 2026 net income of $19.4 million ($0.40 per diluted share), down 40.3% from $32.5 million a year earlier, with total revenue down 21.8% to $70.7 million. The decline was driven by softening market pricing -- net pricing fell more than 25% year-over-year -- though gross premiums written returned to growth, up 3.2% to $74.1 million, the first increase since early 2025. Underlying profitability remained strong: a 64.7% combined ratio, 68.4% underlying combined ratio, and 24.1% core ROE, with book value per share up 15.5% year-to-date to $7.52.
Key figures
- Eps
- 0.4
- Revenue
- 70704000
- Revenue Yoy
- -21.8%
- Gpw yoy
- 3.2%
- Core eps
- 0.42
- Core roe
- 24.1%
- Net income
- 19397000
- Core income
- 20376000
- Ceding ratio
- 52.8%
- Combined ratio
- 64.7%
- Net income yoy
- -40.3%
- Net pricing change
- -25.6% YoY
- Net premiums earned
- 65452000
- Book value per share
- 7.52
- Book value growth ytd
- 15.5%
- Gross premiums written
- 74111000
- Underlying combined ratio
- 68.4%
- Amrisc participation premium ytd
- 37300000
AI analysis
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