American Coastal Insurance Corporation Reports Financial Results for Its First Quarter Ended March 31, 2026
American Coastal Insurance reported Q1 2026 net income of $19.3 million, or $0.39 per diluted share, a decrease from $21.3 million, or $0.43 per share, in the prior year period, primarily due to discontinued operations in 2025. The company's gross premiums written dropped 24.5% year-over-year to $149.4 million, reflecting a softening market and increased competition, though the combined ratio remained healthy at 66.0%.
Key figures
- Eps
- 0.39
- Revenue
- 71224000
- Revenue Yoy
- -1.4%
- Net income
- 19254000
- Core income
- 19314000
- Combined ratio
- 66.0%
- Return on equity
- 24.5%
- Net premiums earned
- 65611000
- Book value per share
- 6.86
- Core income per share
- 0.39
- Core return on equity
- 24.6%
- Gross premiums written
- 149395000
- Underlying combined ratio
- 68.3%
AI analysis
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