American Coastal Q2 FY26 net income drops 17.2% to 21.9 million; revenue falls 4.5% to 82.6 million
ACIC•Q2 FY26 results
- American Coastal posted Q2 net income of $21.9 million, down 17.2% year over year; diluted EPS fell 17% to $0.44.
- Core income (non-GAAP) dropped 38.5% to $16.46 million; core diluted EPS slid 38.9% to $0.33.
- Total revenue decreased 4.5% to $82.6 million; gross premiums written dipped 5.3% to $216.3 million.
- Combined ratio widened 13.7 percentage points to 74.3%; underlying combined ratio rose 6.5 points to 68.7%.
- Book value per share climbed 20.2% to $7.21; management cited a Kroll rating upgrade and lower-cost June 1 reinsurance renewal.
