Revenue: As of FY2026 Q1, the actual value is USD 71.22 M.EPS: As of FY2026 Q1, the actual value is USD 0.39.EBIT: As of FY2026 Q1, the actual value is USD 25.15 M.American Coastal Insurance Corporation operates as a single reportable segment, primarily focusing on commercial property and casualty insurance in Florida. The company’s financial performance for the three months ended March 31, 2026, showed a decrease in net income compared to the same period in 2025, influenced by discontinued operations in the prior year.<h4>Revenue</h4><ul><li>Gross premiums written: Decreased by $48,457,000, or 24.5%, to $149,395,000 in 2026 from $197,852,000 in 2025, primarily due to a 24% reduction in net pricing year-over-year.</li><li>Gross premiums earned: Decreased by $20,967,000, or 12.9%, to $141,134,000 in 2026 from $162,101,000 in 2025.</li><li>Ceded premiums earned: Decreased by $18,306,000, or 19.5%, to -$75,523,000 in 2026 from -$93,829,000 in 2025.</li><li>Net premiums earned: Decreased by $2,661,000, or 3.9%, to $65,611,000 in 2026 from $68,272,000 in 2025.</li><li>Net investment income: Increased to $5,079,000 in 2026 from $4,511,000 in 2025.</li><li>Net realized investment gains: Decreased significantly to $6,000 in 2026 from $1,382,000 in 2025.</li><li>Net unrealized gains (losses) on equity securities: Swung to a gain of $528,000 in 2026 from a loss of -$1,963,000 in 2025.</li><li>Total revenue: Decreased to $71,224,000 in 2026 from $72,202,000 in 2025.</li></ul><h4>Expenses</h4><ul><li>Losses and loss adjustment expenses: Decreased by $1,146,000, or 10.1%, to $10,243,000 in 2026 from $11,389,000 in 2025.</li><li>Policy acquisition costs: Decreased by $1,073,000, or 4.6%, to $22,393,000 in 2026 from $23,466,000 in 2025, mainly due to a decrease in external management fees.</li><li>General and administrative expenses: Increased by $1,197,000, or 12.6%, to $10,703,000 in 2026 from $9,506,000 in 2025, driven by higher salary-related expenses and the non-recurrence of a prior year employee retention tax credit refund.</li><li>Interest expense: Decreased to $2,344,000 in 2026 from $2,717,000 in 2025.</li><li>Total expenses: Decreased by $1,395,000, or 3.0%, to $45,683,000 in 2026 from $47,078,000 in 2025.</li></ul><h4>Profitability</h4><ul><li>Income from continuing operations, net of tax: Decreased to $19,254,000 in 2026 from $19,711,000 in 2025.</li><li>Income from discontinued operations, net of tax: Was $0 in 2026 compared to $1,637,000 in 2025, as these operations were divested in 2025.</li><li>Consolidated net income: Decreased by $2,094,000, or 9.8%, to $19,254,000 in 2026 from $21,348,000 in 2025.</li></ul><h4>Operational Metrics and Ratios</h4><ul><li>Policies in-force: Increased by 0.4% from 4,239 policies at March 31, 2025, to 4,254 policies at March 31, 2026.</li><li>New and Renewal Policies: Decreased to 1,137 in 2026 from 1,196 in 2025.</li><li>Loss ratio, net: Decreased to 15.6% in 2026 from 16.7% in 2025.</li><li>Expense ratio: Increased to 50.4% in 2026 from 48.3% in 2025.</li><li>Combined ratio: Increased to 66.0% in 2026 from 65.0% in 2025.</li><li>Underlying combined ratio: Increased slightly to 68.3% in 2026 from 68.2% in 2025.</li><li>Current year catastrophe losses: One event incurred $114,000 in loss and LAE in 2026, compared to none in 2025.</li><li>Prior year reserve favorable development: Was -$1,666,000 in 2026 compared to -$2,194,000 in 2025.</li></ul><h4>Balance Sheet Highlights (as of March 31, 2026 vs. December 31, 2025)</h4><ul><li>Total investments: $360,496,000 (up from $354,890,000).</li><li>Total cash, cash equivalents and restricted cash: $238,949,000 (down from $292,854,000), primarily due to a $36.6 million dividend payment.</li><li>Unpaid losses and loss adjustment expenses: $126,990,000 (down from $165,701,000).</li><li>Total Liabilities: $665,308,000 (down from $755,167,000).</li><li>Total Stockholders’ Equity: $331,698,000 (up from $317,565,000).</li></ul><h4>Cash Flow (Three Months Ended March 31, 2026 vs. 2025)</h4><ul><li>Net cash provided by (used in) operating activities: -$5,736,000 in 2026 compared to $26,443,000 in 2025, driven by reduced premium collections and changes in reinsurance recoverable and unearned premiums.</li><li>Net cash provided by (used in) investing activities: -$6,595,000 in 2026 compared to $5,204,000 in 2025, reflecting net purchases of investments in 2026 versus net sales in 2025.</li><li>Net cash provided by (used in) financing activities: -$41,574,000 in 2026 compared to $309,000 in 2025, largely due to a special cash dividend payment of $0.75 per share and treasury stock repurchases.</li></ul><h4>Future Outlook and Strategy</h4>American Coastal Insurance Corporation focuses on commercial residential property insurance in Florida, targeting markets where national carriers have reduced their presence due to perceived natural catastrophe threats. The company’s subsidiary, AmCoastal, issued a $200 million catastrophe bond providing three-year all-perils indemnity coverage through May 31, 2029. Additionally, the company renewed its catastrophe aggregate excess of loss coverage (CAT Agg) effective January 1, 2026, providing a $40,000,000 aggregate limit to mitigate catastrophe frequency risk for the full year.

American Coastal Insurance | 10-Q: FY2026 Q1 Revenue: USD 71.22 M