AMERICAN COASTAL INSURANCE Corp
For the period ended Jun 30, 2026. Filed Aug 6, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 6, 2026
ACIC$10.26+2.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Comprehensive Income (Unaudited)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| REVENUE: | ||||
| Gross premiums written | $216,304 | $228,346 | $365,699 | $426,198 |
| Change in gross unearned premiums | (77,574) | (62,886) | (85,835) | (98,637) |
| Gross premiums earned | 138,730 | 165,460 | 279,864 | 327,561 |
| Ceded premiums earned | (69,032) | (87,017) | (144,555) | (180,846) |
| Net premiums earned | 69,698 | 78,443 | 135,309 | 146,715 |
| Net investment income | 5,402 | 5,793 | 10,481 | 10,304 |
| Net realized investment gains | 3,264 | — | 3,270 | 1,382 |
| Net unrealized gains on equity securities | 4,233 | 2,231 | 4,761 | 268 |
| Total revenue | 82,597 | 86,467 | 153,821 | 158,669 |
| EXPENSES: | ||||
| Losses and loss adjustment expenses | 18,833 | 15,540 | 29,076 | 26,929 |
| Policy acquisition costs | 22,703 | 24,257 | 45,096 | 47,723 |
| General and administrative expenses | 10,266 | 7,778 | 20,969 | 17,284 |
| Interest expense | 2,344 | 2,719 | 4,688 | 5,436 |
| Total expenses | 54,146 | 50,294 | 99,829 | 97,372 |
| Income before other income | 28,451 | 36,173 | 53,992 | 61,297 |
| Other income (loss) | (48) | 1,379 | 164 | 2,449 |
| Income before income taxes | 28,403 | 37,552 | 54,156 | 63,746 |
| Provision for income taxes | 6,507 | 9,515 | 13,006 | 15,998 |
| Income from continuing operations, net of tax | $21,896 | $28,037 | $41,150 | $47,748 |
| Income (loss) from discontinued operations, net of tax | — | (1,595) | — | 42 |
| Net income | $21,896 | $26,442 | $41,150 | $47,790 |
| OTHER COMPREHENSIVE INCOME: | ||||
| Change in net unrealized gains on investments | 2,512 | 3,042 | 1,268 | 7,254 |
| Reclassification adjustment for net realized investment gains | (3,264) | — | (3,270) | (1,382) |
| Income tax benefit related to items of other comprehensive income | 700 | — | 700 | — |
| Total comprehensive income | $21,844 | $29,484 | $39,848 | $53,662 |
| Weighted average shares outstanding | ||||
| Basic | 48,094,148 | 48,434,446 | 48,318,586 | 48,285,665 |
| Diluted | 49,303,289 | 49,636,088 | 49,559,755 | 49,556,882 |
| Earnings available to ACIC common stockholders per share | ||||
| Basic | ||||
| Continuing operations | $0.46 | $0.58 | $0.85 | $0.99 |
| Discontinued operations | — | (0.03) | — | — |
| Total | $0.46 | $0.55 | $0.85 | $0.99 |
| Diluted | ||||
| Continuing operations | $0.44 | $0.56 | $0.83 | $0.96 |
| Discontinued operations | — | (0.03) | — | — |
| Total | $0.44 | $0.53 | $0.83 | $0.96 |
Condensed Consolidated Statements of Stockholders’ Equity for the Three Months Ended
(Unaudited)
| Common Stock · Additional · AccumulatedOther · Retained · Total | |||||||
|---|---|---|---|---|---|---|---|
| Number · Paid-in · Treasury · Comprehensive · Earnings · Stockholders' | |||||||
| of Shares | Dollars | Capital | Stock | Loss | (Deficit) | Equity | |
| March 31, 2025 | 48,308,466 | $5 | $437,566 | $(431) | $(12,836) | $(163,424) | $260,880 |
| Net income | — | — | — | — | — | 26,442 | 26,442 |
| Other comprehensive income, net | — | — | — | — | 3,042 | — | 3,042 |
| Stock compensation | 297,951 | — | 1,471 | — | — | — | 1,471 |
| Issuance of common stock, including exercise of stock options | 140,305 | — | 465 | — | — | — | 465 |
| June 30, 2025 | 48,746,722 | $5 | $439,502 | $(431) | $(9,794) | $(136,982) | $292,300 |
| Common Stock · Additional · AccumulatedOther · Retained · Total | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Number · Paid-in · Treasury · Comprehensive · Earnings · Stockholders' | |||||||||||||||||||
| of Shares · Dollars · Capital · Stock · Loss · (Deficit) · Equity | |||||||||||||||||||
| March 31, 2026 | 48,342,811 | $5 | $440,871 | $(5,431) | $(8,492) | $(95,255) | $331,698 | ||||||||||||
| Net income | — | — | — | — | — | 21,896 | 21,896 | ||||||||||||
| Other comprehensive loss, net | — | — | — | — | (52) | — | (52) | ||||||||||||
| Stock compensation | 294,997 | — | 1,687 | — | — | — | 1,687 | ||||||||||||
| Treasury share repurchases | (1,365,980) | — | — | (14,441) | — | — | (14,441) | ||||||||||||
| June 30, 2026 | 47,271,828 | $5 | $442,558 | $(19,872) | $(8,544) | $(73,359) | $340,788 | ||||||||||||
Condensed Consolidated Statements of Stockholders’ Equity for the Six Months Ended
(Unaudited)
| Common Stock · Additional · AccumulatedOther · Retained · Total | |||||||
|---|---|---|---|---|---|---|---|
| Number · Paid-in · Treasury · Comprehensive · Earnings · Stockholders' | |||||||
| of Shares | Dollars | Capital | Stock | Loss | (Deficit) | Equity | |
| December 31, 2024 | 48,204,962 | $5 | $436,524 | $(431) | $(15,666) | $(184,772) | $235,660 |
| Net income | — | — | — | — | — | 47,790 | 47,790 |
| Other comprehensive income, net | — | — | — | — | 5,872 | — | 5,872 |
| Stock compensation | 301,314 | — | 2,204 | — | — | — | 2,204 |
| Issuance of common stock, including exercise of stock options | 240,446 | — | 774 | — | — | — | 774 |
| June 30, 2025 | 48,746,722 | $5 | $439,502 | $(431) | $(9,794) | $(136,982) | $292,300 |
| Common Stock · Additional · AccumulatedOther · Retained · Total | |||||||
|---|---|---|---|---|---|---|---|
| Number · Paid-in · Treasury · Comprehensive · Earnings · Stockholders' | |||||||
| of Shares | Dollars | Capital | Stock | Loss | (Deficit) | Equity | |
| December 31, 2025 | 48,764,802 | $5 | $439,742 | $(431) | $(7,242) | $(114,509) | $317,565 |
| Net income | — | — | — | — | — | 41,150 | 41,150 |
| Other comprehensive loss, net | — | — | — | — | (1,302) | — | (1,302) |
| Stock compensation | 311,752 | — | 2,816 | — | — | — | 2,816 |
| Treasury share repurchases | (1,804,726) | — | — | (19,441) | — | — | (19,441) |
| June 30, 2026 | 47,271,828 | $5 | $442,558 | $(19,872) | $(8,544) | $(73,359) | $340,788 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.