American Coastal Insurance Corporation (ACIC) 10-Year Financial Performance & Capital Metrics

ACIC • • Insurance & Managed Care

Financial ServicesProperty & Casualty InsurancePersonal Lines InsuranceFlorida-Focused Residential

AboutAmerican Coastal Insurance Corporation operates as a property and casualty insurance holding company that sources, writes, and services residential personal and commercial property, and casualty insurance policies in the United States. The company offers structure, content, and liability coverage for standard single-family homeowners, renters, and condominium unit owners. It also provides commercial multi-peril property insurance for residential condominium associations and apartments, as well as loss or damage to buildings, inventory, and equipment caused by fire, wind, hail, water, theft, and vandalism. In addition, the company offers equipment breakdown, identity theft, cyber security, and flood policies. The company markets and distributes its products through a network of independent agencies. The company was formerly known as United Insurance Holdings Corp. and changed its name to American Coastal Insurance Corporation in August 2023. American Coastal Insurance Corporation was founded in 1999 and is headquartered in Saint Petersburg, Florida.Show more

Revenue $297M +12.5%
Combined Ratio 62.38% -1.9%
Net Income $76M -75.6%
Return on Equity 37.44% -79.6%
Medical Cost Ratio 47.3% +2.1%
Operating Margin 37.62% +3.2%
Net Margin 25.52% -78.3%
ROA 6.65% -58.1%
Equity / Assets 19.38% +21.8%
Book Value per Share 4.77 +25.6%
Tangible BV/Share 3.45 +53.2%
Debt/Equity 0.65 -27.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Profitable underwriting: 62.4% combined ratio
✓Low loss ratio of 47.3%
✓Healthy dividend yield of 4.3%

✗Weaknesses

✗Shares diluted 11.2% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y0.57%

5Y-18.5%

3Y9.06%

TTM18.95%

Profit (Net Income) CAGR

10Y6.32%

5Y-

3Y-

TTM0.19%

EPS CAGR

10Y-2.88%

5Y-

3Y-

TTM-2.29%

ROCE

10Y Avg1.56%

5Y Avg1.89%

3Y Avg5.03%

Latest9.8%

Peer Comparison

Florida-Focused Residential

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
HCIHCI Group, Inc.	2.27B	174.95	19.68	36.26%	24.97%	23.84%	14.46%	0.40
UVEUniversal Insurance Holdings, Inc.	838.94M	29.91	14.88	9.27%	7.74%	24.72%	15.49%	0.27
HRTGHeritage Insurance Holdings, Inc.	799.06M	25.85	12.86	11.08%	17.72%	34.12%	9.87%	0.49
SLDESlide Insurance Holdings, Inc. Common Stock	2.01B	16.17	10.04	80.74%	33.29%	36.16%	27.06%	0.11
AIIAmerican Integrity Insurance Group, Inc.	372.55M	19.03	9.81	1.73%	31.63%	27.59%	39.62%	0.02
ACICAmerican Coastal Insurance Corporation	548.61M	11.25	7.35	12.51%	26%	26.04%	44.38%	0.65

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	357.57M	487.12M	654.42M	723.94M	825.12M	846.66M	228.69M	220.78M	263.68M	296.66M
Revenue Growth %	0.28%	0.36%	0.34%	0.11%	0.14%	0.03%	-0.73%	-0.03%	0.19%	0.13%
Medical Costs & Claims+	270.51M	416.01M	540.98M	611.73M	737.76M	844.32M	182.25M	177.1M	122.11M	140.31M
Medical Cost Ratio %	-	-	-	-	-	-	-	-	-	-
Gross Profit+	87.06M	71.11M	113.44M	112.21M	87.36M	2.34M	46.44M	43.68M	141.56M	156.35M
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	-0.1%	-0.18%	0.6%	-0.01%	-0.22%	-0.97%	18.86%	-0.06%	2.24%	0.1%
Operating Expenses+	45.2M	64.1M	112.53M	116.45M	119.96M	134.44M	56.85M	42M	45.48M	44.76M
OpEx / Revenue %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	3.33M	11.71M	37.53M	18.48M	12M	11.05M	11.77M	23.31M	10.63M	8.87M
Combined Ratio %	-	-	-	-	-	-	-	-	-	-
Operating Income+	41.86M	7M	910K	-4.24M	-32.61M	-132.1M	-10.42M	1.68M	96.08M	111.59M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.35%	-0.83%	-0.87%	-5.66%	-6.69%	-3.05%	0.92%	1.16%	56.16%	0.16%
EBITDA+	45.19M	18.72M	38.44M	14.24M	-20.61M	-121.06M	1.35M	24.99M	106.71M	120.46M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense	326K	723K	3.25M	9.87M	9.78M	9.58M	9.3M	9.48M	10.88M	12M
Non-Operating Income	-326K	-723K	-3.25M	-9.87M	-9.78M	-9.58M	-9.3M	-9.48M	-10.88M	-2.06M
Pretax Income+	41.86M	7M	910K	-4.24M	-32.61M	-132.1M	-10.42M	1.68M	96.08M	101.66M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	14.5M	1.3M	-9.23M	-4.63M	-3.12M	-36.6M	-6.7M	26.23M	10.88M	25.34M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	27.36M	5.7M	10.14M	290K	-29.87M	-96.45M	-57.92M	-469.86M	309.91M	75.72M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.33%	-0.79%	0.78%	-0.97%	-104.01%	-2.23%	0.4%	-7.11%	1.66%	-0.76%
EPS (Diluted)+	1.28	0.26	0.27	0.01	-0.70	-2.25	-1.35	-10.87	6.98	1.53
EPS Growth %	-0.38%	-0.8%	0.04%	-0.97%	-	-2.21%	0.4%	-7.05%	1.64%	-0.78%
EPS (Basic)	1.29	0.27	0.27	0.01	-0.70	-2.25	-1.35	-10.87	7.11	1.58
Diluted Shares Outstanding	21.45M	21.61M	37.38M	42.84M	42.76M	42.86M	42.95M	43.05M	44.39M	49.36M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	740.02M	994.28M	2.06B	2.32B	2.47B	2.85B	2.7B	2.84B	1.06B	1.22B
Asset Growth %	0.27%	0.34%	1.07%	0.13%	0.06%	0.15%	-0.05%	0.05%	-0.63%	0.15%
Total Investment Assets+	452.71M	528.65M	991.65M	951.84M	1.89B	1.89B	1.37B	596.8M	9.68M	341.42M
Long-Term Investments	452.71M	528.65M	991.65M	943.32M	1B	947.46M	701.56M	220.34M	2.48M	317.8M
Short-Term Investments	447.5M	528.65M	137.12M	862.35M	884.86M	940.01M	663.6M	376.46M	7.19M	148.01M
Total Current Assets+	576.42M	742.25M	747.32M	1.7B	1.74B	1.39M	1.95B	2.32B	153.76M	0
Cash & Equivalents	84.79M	150.69M	139.16M	112.68M	215.47M	239.42M	212.02M	229.89M	138.93M	137.04M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	0	0	0	0	476.42M	-884.22M	-66.09M	1.28B	93K	-755.92M
Goodwill & Intangibles+	50.15M	26.63M	118.32M	104.4M	99.12M	94.97M	91.42M	72.25M	68.02M	65.38M
Goodwill	3.41M	14.25M	73.05M	73.05M	73.05M	73.05M	73.05M	59.48M	59.48M	59.48M
Intangible Assets	46.73M	12.37M	45.27M	31.35M	26.08M	21.93M	18.38M	12.77M	9.32M	5.91M
PP&E (Net)	17.14M	17.86M	17.29M	17.14M	32.73M	34.19M	31.56M	19.59M	4.22M	5.74M
Other Assets	-19.63M	-26M	-36.76M	-37.11M	-47.7M	-35.39M	-43.78M	173.21M	251.71M	-388.92M
Total Liabilities	500.81M	752.96M	1.52B	1.78B	1.94B	2.43B	2.37B	3.02B	891.62M	980.45M
Total Debt+	12.35M	54.17M	161.36M	160.12M	159.26M	160.35M	158.5M	150.04M	149.46M	152.34M
Net Debt	-72.43M	-96.51M	22.2M	47.44M	-56.21M	-79.07M	-53.53M	-75.73M	-4.3M	15.31M
Long-Term Debt	12.35M	54.17M	161.36M	160.12M	158.93M	158.04M	156.56M	148.35M	148.69M	149.02M
Short-Term Debt	0	0	0	0	0	2.16M	2.17M	2.1M	0	0
Total Current Liabilities+	64.54M	99.89M	195.71M	246.32M	244.72M	10.99K	324.88M	134.4M	75.6M	0
Accounts Payable	64.54M	99.89M	195.71M	246.32M	244.72M	332.81M	324.88M	104.89M	75.6M	169.27M
Deferred Revenue	63.37M	89.92M	194.54M	244.8M	233.38M	0	322.71M	132.29M	-597K	0
Other Current Liabilities	-64.54M	-99.89M	-195.71M	-246.32M	-233.38M	-334.96M	-324.88M	-104.89M	597K	-169.27M
Deferred Taxes	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	1000K	1000K	1000K	0
Other Liabilities	-12.35M	-54.17M	-161.36M	-160.12M	-159.26M	-160.35M	-158.5M	-150.04M	224.42M	-152.34M
Total Equity+	239.21M	241.33M	537.13M	540.37M	523.87M	417.6M	331.96M	-180.18M	168.76M	235.66M
Equity Growth %	0.17%	0.01%	1.23%	0.01%	-0.03%	-0.2%	-0.21%	-1.54%	1.94%	0.4%
Shareholders Equity	239.21M	241.33M	537.13M	520.23M	503.14M	395.75M	312.41M	-180.18M	168.76M	235.66M
Minority Interest	0	0	0	20.14M	20.73M	21.85M	19.55M	0	0	0
Retained Earnings	140.86M	141.58M	141.19M	140.55M	100.39M	-6.63M	-74.9M	-544.44M	-237.39M	-184.77M
Common Stock	2K	2K	4K	4K	4K	4K	4K	4K	5K	5K
Accumulated OCI	1.62M	822K	9.22M	-9.03M	11.32M	9.69M	-6.53M	-30.95M	-17.14M	-15.67M
Return on Equity (ROE)	0.12%	0.02%	0.03%	0%	-0.06%	-0.2%	-0.15%	-6.19%	1.84%	0.37%
Return on Assets (ROA)	0.04%	0.01%	0.01%	0%	-0.01%	-0.04%	-0.02%	-0.17%	0.16%	0.07%
Equity / Assets	-	-	-	-	-	-	-	-	-	-
Debt / Equity	0.05x	0.22x	0.30x	0.30x	0.30x	0.38x	0.48x	-	0.89x	0.65x
Book Value per Share	11.15	11.17	14.37	12.61	12.25	9.74	7.73	-4.19	3.80	4.77
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	98.32M	65.75M	14.31M	10.12M	149.01M	-10.47M	-295.39M	-173.11M	-136M	243.51M
Operating CF Growth %	0.43%	-0.33%	-0.78%	-0.29%	13.73%	-1.07%	-27.21%	0.41%	0.21%	2.79%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	27.36M	5.7M	10.14M	394K	-29.48M	-95.5M	-59.87M	-469.97M	309.91M	75.72M
Depreciation & Amortization	3.33M	11.71M	37.53M	18.48M	12M	11.05M	11.77M	23.31M	10.63M	8.87M
Stock-Based Compensation	1.97M	1.95M	2.61M	2.41M	3.01M	1.38M	1.19M	1.39M	1.32M	2.54M
Deferred Taxes	2.31M	2.21M	-8.58M	-2.47M	-4.28M	-9.89M	-22.82M	24.14M	14.44M	-2.36M
Other Non-Cash Items	1.44M	3.19M	5.5M	13.01M	-20.11M	-30.3M	-6.83M	38.01M	-234.08M	-1.88M
Working Capital Changes	61.91M	40.98M	-32.9M	-21.71M	187.89M	112.8M	-218.84M	210M	-238.22M	160.62M
Cash from Investing+	-67.02M	-49.76M	-7.34M	-125.64M	-33.98M	36.57M	251.38M	236.84M	-2.54M	-179.21M
Capital Expenditures	-10.92M	-3.15M	-5.24M	-4.07M	-21.9M	-10.85M	-5.27M	-3.05M	-196K	-22K
Acquisitions	14.47M	-32.9M	95.28M	0	12.08M	500M	-256.65M	21.24M	-231.95M	0
Purchase of Investments	-270.14M	-201.23M	-205.72M	-372.17M	-276.58M	-797.45M	-270.91M	-35.47M	-53.24M	-214.94M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Investing	-70.57M	-13.71M	-20M	-121.57M	-12.08M	-500M	256.65M	0	0	0
Cash from Financing+	-7.91M	49.91M	118.62M	23.37M	-12.1M	-11.65M	-12.21M	-25.39M	26.77M	-13.84M
Dividends Paid	-4.3M	-4.97M	-8.99M	-10.27M	-10.28M	-10.31M	-10.35M	-2.59M	0	-24.1M
Share Repurchases	-185K	-270K	-287K	-418K	-296K	-25K	-39K	-25K	-24K	0
Stock Issued	0	0	0	0	296K	25K	39K	25K	26.79M	11.62M
Debt Issuance (Net)	-1000K	1000K	1000K	1000K	-1000K	-1000K	-1000K	-1000K	0	0
Other Financing	-185K	21.07M	17.69M	19.52M	-296K	0	0	-18.34M	-24K	-1.36M
Net Change in Cash+	23.39M	65.9M	125.59M	-92.16M	102.94M	14.44M	-56.22M	38.33M	-111.78M	50.46M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	61.39M	84.79M	150.69M	276.27M	184.12M	287.06M	301.5M	245.28M	283.61M	171.83M
Cash at End	84.79M	150.69M	276.27M	184.12M	287.06M	301.5M	245.28M	283.61M	171.83M	222.29M
Free Cash Flow+	87.4M	62.6M	9.07M	6.05M	127.12M	-21.32M	-300.66M	-176.16M	-136.2M	243.49M
FCF Growth %	0.4%	-0.28%	-0.86%	-0.33%	20.01%	-1.17%	-13.1%	0.41%	0.23%	2.79%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF per Share	4.07	2.9	0.24	0.14	2.97	-0.5	-7	-4.09	-3.07	4.93

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Combined Ratio	88.29%	98.56%	99.86%	100.59%	103.95%	115.6%	104.56%	99.24%	63.56%	62.38%
Medical Cost Ratio	75.65%	85.4%	82.67%	84.5%	89.41%	99.72%	79.69%	80.22%	46.31%	47.3%
Return on Equity (ROE)	12.35%	2.37%	2.61%	0.05%	-5.61%	-20.49%	-15.45%	-619.15%	183.63%	37.44%
Return on Assets (ROA)	4.13%	0.66%	0.66%	0.01%	-1.25%	-3.63%	-2.09%	-16.97%	15.89%	6.65%
Equity / Assets	32.32%	24.27%	26.08%	23.28%	21.23%	14.66%	12.3%	-6.35%	15.92%	19.38%
Book Value / Share	11.15	11.17	14.37	12.61	12.25	9.74	7.73	-4.19	3.8	4.77
Debt / Equity	0.05x	0.22x	0.30x	0.30x	0.30x	0.38x	0.48x	-	0.89x	0.65x
Revenue Growth	27.6%	36.23%	34.35%	10.62%	13.98%	2.61%	-72.99%	-3.45%	19.43%	12.51%

Frequently Asked Questions

Valuation & Price

American Coastal Insurance Corporation (ACIC) has a price-to-earnings (P/E) ratio of 7.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

American Coastal Insurance Corporation (ACIC) grew revenue by 12.5% over the past year. This is steady growth.

Yes, American Coastal Insurance Corporation (ACIC) is profitable, generating $85.2M in net income for fiscal year 2024 (25.5% net margin).

Dividend & Returns

Yes, American Coastal Insurance Corporation (ACIC) pays a dividend with a yield of 4.34%. This makes it attractive for income-focused investors.

American Coastal Insurance Corporation (ACIC) has a return on equity (ROE) of 37.4%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

American Coastal Insurance Corporation (ACIC) has a combined ratio of 62.4%. A ratio below 100% indicates underwriting profitability.

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