AMERICAN COASTAL INSURANCE Corp

ACIC

NasdaqSmall CapFinancials

13F Pro Quality Score

61.8/100

Rank #754 of 2,961 stocksTOP 50%

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Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

66.4/100

Profitability

92.6/100

Balance Sheet

79.8/100

Earnings Quality

11.1/100

Free Cash Flow

17.0/100

Institutional Flow

8.8/100

Revenue Scale

31.0/100

Dilution Risk

50.3/100

Price Chart

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What's Driving ACIC's Business? Latest 10-Q Breakdown

32/32 datapoints verified

AI-extracted from the 10-Q filed 2026-08-06 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

ACIC net income declined 17.2% to $21.9M in Q2 2026 as net premiums earned fell 11.1% and loss ratio widened amid soft Florida market pricing.

Biggest Revenue Drivers

Net premiums earned$69.7M-11.1% YoY

24% decrease in net pricing as market continued to soften; policies in-force increased only 1.2% year-to-date.

Net investment income$5.4M-6.7% YoY

Fixed maturity income declined from $2.7M to $2.4M.

Biggest Revenue Drivers

Total revenue: $82.6M-4.5% YoY

Net premiums earned$69.7M-11.1% YoY

24% decrease in net pricing as market continued to soften; policies in-force increased only 1.2% year-to-date.

Net investment income$5.4M-6.7% YoY

Fixed maturity income declined from $2.7M to $2.4M.

Net realized and unrealized investment gains$7.5MN/A

Net realized gains of $3.3M and unrealized gains on equity securities of $4.2M recorded.

Largest Expense Items

Losses and loss adjustment expenses$18.8M+21.2% YoY

Net loss ratio increased to 27.0% from 19.8%; includes $3.1M current year catastrophe losses and $0.8M unfavorable prior year development.

Policy acquisition costs$22.7M-6.4% YoY

External management fees decreased $5.1M due to lower gross premiums; offset partly by reduced ceding commission income of $2.3M from 20% to 15% quota share rate reduction.

General and administrative expenses$10.3M+32.0% YoY

Salary-related expenses increased $3.2M; prior year included non-recurring $2.9M employee retention tax credit refund.

Interest expense$2.3M-13.8% YoY

Senior notes interest rate decreased from 7.25% to 6.25% effective December 2025 due to debt rating upgrade from BB+ to BBB-.

Margins: Combined ratio widened to 74.3% from 60.6% YoY; underlying combined ratio (excluding catastrophes and reserve development) at 68.7% versus 62.2% reflects underwriting pressure. Gross margin compression driven by pricing headwinds in competitive Florida market.

Watch Items from the Filing

Gross written premiums declined 5.3% QoQ and 14.2% YTD to $365.7M as net pricing fell 24%; market softening and reduced quota share reinsurance (20% to 15%) compress margins.
Net loss ratio deteriorated to 27.0% in Q2 2026 from 19.8% YoY; underlying loss ratio of 21.5% remains elevated despite favorable prior-year reserve development.
Senior notes of $150M mature December 15, 2027; rating upgrade in December 2025 to BBB- (from BB+) and July 2026 upgrade to BBB by KROLL support refinancing prospects.
Catastrophe reinsurance retention increased effective August 1, 2026, with first event retention reduced from $49M to $23.5M; improved AmCoastal financial strength rating to A (from A-) by KROLL in July 2026.
Director and officer insurance claim from Florida DFS for $40M policy limit (Company retention $1.5M) significantly diminished by June 25, 2026 OIR determination that UPC former directors were not substantial cause of insolvency.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →