AMERICAN COASTAL INSURANCE Corp (ACIC) Form 8-K — Oct 29, 2026
$ACICForm 8-KItems 2.02, 7.01, 9.01Filed Oct 29, 2026, 4:01 PM ET0001401521-26-000042Original filing
American Coastal Insurance (ACIC) reported Q3 2026 net income of $19.4 million, or $0.40 per diluted share, down 40.3% from $32.5 million ($0.65) a year ago, as net pricing fell more than 25% amid a softening Florida property market. Despite the earnings decline, underlying quality held: gross written premiums returned to growth (+3.2% to $74.1 million), the combined ratio was 64.7%, core ROE was 24.1%, and book value per share rose 15.5% since year-end to $7.52.
Key figures
- Eps
- 0.4
- Revenue
- 70704000
- Net Income
- 19397000
- Revenue Yoy
- -21.8% (Q3 2026 vs Q3 2025 total revenue)
- Total Assets
- 1117605000
- Cash Position
- $707.9M total cash, cash equivalents, restricted cash and investments
- Shares Outstanding
- 47289189
- Core eps q3
- 0.42
- Core roe q3
- 24.1%
- Core income q3
- $20.4M (down 33.1% YoY)
- Combined ratio q3
- 64.7% (vs 56.9% prior year)
- Book value per share
- 7.52
- Amrisc es premium ytd
- $37.3M
- Debt to total capital
- 29.6%
- Diluted eps prior year
- 0.65
- Net premiums earned q3
- $65.5M (-19.0% YoY)
- Net pricing decline yoy
- -25.6%
- Gross premiums written q3
- $74.1M (+3.2% YoY)
- Current year cat losses q3
- $3.1M
- Underlying combined ratio q3
- 68.4% (vs 57.8% prior year)
- Prior year favorable development q3
- $5.5M
- Book value per share growth since ye
- +15.5% (from $6.51)
AI analysis
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