American Coastal Insurance

Q2 FY2026 EarningsQ2 FY2026 results significantly exceeded consensus expectations across the board: revenue of $82.6M beat the $75.7M estimate by 9.11%, and GAAP EPS of $0.44 surpassed the $0.41 consensus by 7.32%. Despite a YoY softening in Florida pricing leading to a 5.3% decline in gross written premiums, underwriting discipline resulted in a 68.7% underlying combined ratio. Book value per share (BPS) reached $7.21, virtually in-line with the $7.22 estimate, supported by a 20.0% core ROE and a successful June 1 reinsurance renewal that optimized coverage costs.