Brief: American Coastal Insurance Q2 Net Income USD 26.442 Million

American Coastal Insurance

06/08/2025 21:05

Overview

American Coastal Q2 revenue rises 25.9%, driven by higher net premiums earned

Net income for Q2 increases 38.8% to $26.4 mln, EPS up 35.9%

Book value per share climbs 29.6%, reflecting improved financial stability

Outlook

Company sees positive outlook due to recent credit rating upgrades

Company continues to grow market share in commercial residential insurance

Result Drivers

NET PREMIUMS - Increase in net premiums earned by 23.8% contributed to revenue growth

REINSURANCE COVERAGE - Decrease in quota share reinsurance coverage led to higher policy acquisition costs

EXPENSE MANAGEMENT - Decrease in general and administrative expenses due to a non-recurring tax credit refund

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Gross Premiums Written
$228.35 mln
Q2 EPS
$0.53
Q2 Net Income
$26.44 mln
Q2 Core ROE
41.6%


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the property & casualty insurance peer group is "buy"

Wall Street's median 12-month price target for American Coastal Insurance Corp is $20.00, about 48.7% above its August 5 closing price of $10.26

The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nGNX9jDL9r

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)