ACIC has improved its capital adequacy significantly, with the equity-to-asset ratio rising from approximately 15% in 2023Q4 to nearly 42% by 2026Q1, supporting a conservative 0.48% debt-to-equity profile.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 |
|---|
| Total Assets | 794.23M | 1.07B | 1.22B | 1.06B | 2.84B | 2.7B | 2.85B | 2.47B | 2.32B | 2.06B | 994.28M | 740.02M | 584.17M | 441.23M | 313.61M | 240.22M | 213.62M | 247.76M | 233.12M | 37.88M | 276.96M |
| Asset Growth % | -37.53% | -11.79% | 14.69% | -62.65% | 5.22% | -5.28% | 15.47% | 6.28% | 12.7% | 107.18% | 34.36% | 26.68% | 32.4% | 40.69% | 30.56% | 12.45% | -13.78% | 6.28% | 515.45% | -86.32% | - |
| Total Investment Assets | 4M | 348.89M | 341.42M | 9.68M | 596.8M | 1.37B | 1.89B | 1.89B | 951.84M | 991.65M | 528.65M | 452.71M | 763.25M | 288.93M | 152.18M | 123.96M | 54.3M | 132.72M | 125.92M | 0 | 46.78M |
| Long-Term Investments | 890.16M | 235.84M | 317.8M | 2.48M | 220.34M | 701.56M | 947.46M | 1B | 943.32M | 991.65M | 528.65M | 452.71M | 381.63M | 288.93M | 152.18M | 123.96M | 54.3M | 132.72M | 125.92M | 0 | 23.89M |
| Short-Term Investments | 824.8M | 113.05M | 148.01M | 7.19M | 376.46M | 663.6M | 940.01M | 884.86M | 862.35M | 137.12M | 528.65M | 447.5M | 381.63M | 288.63M | 151.88M | 0 | 0 | 0 | 0 | 0 | 22.89M |
| Total Current Assets | 315.67M | 723.41M | 0 | 153.76M | 2.32B | 1.95B | 1.39M | 1.74B | 1.7B | 747.32M | 742.25M | 576.42M | 476.45M | 352.02M | 242.51M | 52.84M | 79.47M | 36.23M | 41.91M | 71.27K | 153.82M |
| Cash & Equivalents | 951.1M | 198.76M | 137.04M | 138.93M | 229.89M | 212.02M | 239.42M | 215.47M | 112.68M | 139.16M | 150.69M | 84.79M | 61.39M | 34.89M | 71.2M | 41.64M | 71.64M | 27.09M | 31.69M | 71.27K | 46.25M |
| Receivables | 691.6M | 207.81M | 309.98M | 386.74M | 835.85M | 1.08B | 908.5M | 636.7M | 721.81M | 471.05M | 62.91M | 44.13M | 33.44M | 28.5M | 0 | 15.66M | 7.83M | 7.54M | 10.22M | 9.97M | 0 |
| Other Current Assets | -1.63B | 94.09M | -755.92M | 93K | 1.28B | -66.09M | -884.22M | 476.42M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 153.82M |
| Goodwill & Intangibles | 348.83M | 100.76M | 65.38M | 68.02M | 72.25M | 91.42M | 94.97M | 99.12M | 104.4M | 118.32M | 26.63M | 50.15M | 31.93M | 1.82M | 553K | 0 | 0 | 1.2M | 1.23M | 0 | 0 |
| Goodwill | 59.48M | 59.48M | 59.48M | 59.48M | 59.48M | 73.05M | 73.05M | 73.05M | 73.05M | 73.05M | 14.25M | 3.41M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2.86M | 41.29M | 5.91M | 8.55M | 12.77M | 18.38M | 21.93M | 26.08M | 31.35M | 45.27M | 12.37M | 46.73M | 31.93M | 1.82M | 553K | 0 | 0 | 1.2M | 1.23M | 0 | 0 |
| PP&E (Net) | 691K | 723K | 5.74M | 4.22M | 19.59M | 31.56M | 34.19M | 32.73M | 17.14M | 17.29M | 17.86M | 17.14M | 8.02M | 592K | 548K | 0 | 0 | 322K | 294K | 0 | 99K |
| Other Assets | 173.95M | 12M | -388.92M | 251.71M | 173.21M | -43.78M | -35.39M | -47.7M | -37.11M | -36.76M | -26M | -19.63M | -389.65M | -291.33M | -153.28M | -123.96M | -54.3M | -134.25M | -127.44M | 0 | 91.42M |
| Total Liabilities | 462.53M | 755.17M | 980.45M | 891.62M | 3.02B | 2.37B | 2.43B | 1.94B | 1.78B | 1.52B | 752.96M | 500.81M | 380.41M | 333.64M | 225.63M | 185.23M | 168.33M | 199.69M | 190.19M | 174.34K | 252.85M |
| Total Debt | 152.51M | 152.49M | 152.34M | 149.46M | 150.04M | 158.5M | 160.35M | 159.26M | 160.12M | 161.36M | 54.17M | 12.35M | 13.53M | 14.71M | 15.88M | 17.06M | 18.23M | 41.43M | 41.3M | 0 | 50.58M |
| Net Debt | -798.59M | -46.27M | 15.31M | -4.3M | -75.73M | -53.53M | -79.07M | -56.21M | 47.44M | 22.2M | -96.51M | -72.43M | -47.86M | -20.18M | -55.32M | -24.58M | -53.41M | 14.34M | 9.61M | -71.27K | 4.33M |
| Long-Term Debt | 149.44M | 149.35M | 149.02M | 148.69M | 148.35M | 156.56M | 158.04M | 158.93M | 160.12M | 161.36M | 54.17M | 12.35M | 13.53M | 14.71M | 15.88M | 17.06M | 17.06M | 35.92M | 36.68M | 32.83M | 50.58M |
| Short-Term Debt | 0 | 0 | 0 | 0 | 2.1M | 2.17M | 2.16M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.18M | 5.5M | 4.62M | 0 | 0 |
| Total Current Liabilities | 0 | 594.94M | 0 | 75.6M | 134.4M | 324.88M | 10.99K | 244.72M | 246.32M | 195.71M | 99.89M | 64.54M | 45.25M | 54.19M | 41.95M | 16.57M | 16.16M | 33.67M | 21.32M | 174.34K | 118.36M |
| Accounts Payable | 122.92M | 179.62M | 169.27M | 75.6M | 104.89M | 324.88M | 332.81M | 244.72M | 246.32M | 195.71M | 99.89M | 64.54M | 45.25M | 39.48M | 26.06M | 16.57M | 14.98M | 28.16M | 27.37M | 24.71M | 53.03M |
| Deferred Revenue | 167.16M | 249.62M | 0 | -597K | 132.29M | 322.71M | 0 | 233.38M | 244.8M | 194.54M | 89.92M | 63.37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.4M |
| Other Current Liabilities | -290.08M | 165.7M | -169.27M | 597K | -104.89M | -324.88M | -334.96M | -233.38M | -246.32M | -195.71M | -99.89M | -64.54M | -45.25M | -39.48M | -26.06M | -16.57M | -16.16M | -33.67M | -33.36M | -36.24M | 62.93M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 924K |
| Other Liabilities | 310.02M | 7.74M | -152.34M | 224.42M | -150.04M | -158.5M | -160.35M | -159.26M | -160.12M | -161.36M | -54.17M | -12.35M | -13.53M | -14.71M | 0 | -17.06M | -17.06M | -35.92M | -36.68M | -32.83M | 72.43M |
| Total Equity | 331.7M | 317.56M | 235.66M | 168.76M | -180.18M | 331.96M | 417.6M | 523.87M | 540.37M | 537.13M | 241.33M | 239.21M | 203.76M | 107.59M | 87.99M | 54.99M | 45.29M | 48.07M | 42.93M | 24.96M | 24.11M |
| Equity Growth % | 118.99% | 34.76% | 39.64% | 193.66% | -154.28% | -20.51% | -20.29% | -3.05% | 0.6% | 122.57% | 0.88% | 17.4% | 89.39% | 22.28% | 60.01% | 21.41% | -5.78% | 11.98% | 72.01% | 3.5% | - |
| Shareholders Equity | 331.7M | 317.56M | 235.66M | 168.76M | -180.18M | 312.41M | 395.75M | 503.14M | 520.23M | 537.13M | 241.33M | 239.21M | 203.76M | 107.59M | 87.99M | 54.99M | 45.29M | 48.07M | 42.93M | 24.96M | 24.11M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 19.55M | 21.85M | 20.73M | 20.14M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -95.25M | -114.51M | -184.77M | -237.39M | -544.44M | -74.9M | -6.63M | 100.39M | 140.55M | 141.19M | 141.58M | 140.86M | 117.8M | 80.12M | 61.73M | 53M | 45.43M | 46.89M | 44.42M | 82.46K | 17.6M |
| Common Stock | 5K | 5K | 5K | 5K | 4K | 4K | 4K | 4K | 4K | 4K | 2K | 2K | 2K | 2K | 2K | 1K | 1K | 1K | 1K | 602 | 0 |
| Accumulated OCI | -8.49M | -7.24M | -15.67M | -17.14M | -30.95M | -6.53M | 9.69M | 11.32M | -9.03M | 9.22M | 822K | 1.62M | 4.01M | 92K | 2.61M | 2.34M | -216K | 1.11M | -1.49M | 0 | 6.51M |
| Return on Equity (ROE) | 33.02% | 38.62% | 37.44% | 183.63% | -619.15% | -15.45% | -20.49% | -5.61% | 0.05% | 2.61% | 2.37% | 12.35% | 26.35% | 20.8% | 13.58% | 16.13% | -1.98% | 8.92% | 98.46% | 161.57% | 71.36% |
| Return on Assets (ROA) | 9.54% | 9.34% | 6.65% | 15.89% | -16.97% | -2.09% | -3.63% | -1.25% | 0.01% | 0.66% | 0.66% | 4.13% | 8% | 5.39% | 3.5% | 3.56% | -0.4% | 1.69% | 24.66% | 25.18% | 6.21% |
| Equity / Assets | 41.76% | 29.6% | 19.38% | 15.92% | -6.35% | 12.3% | 14.66% | 21.23% | 23.28% | 26.08% | 24.27% | 32.32% | 34.88% | 24.38% | 28.06% | 22.89% | 21.2% | 19.4% | 18.41% | 65.89% | 8.71% |
| Debt / Equity | 0.46x | 0.48x | 0.65x | 0.89x | - | 0.48x | 0.38x | 0.30x | 0.30x | 0.30x | 0.22x | 0.05x | 0.07x | 0.14x | 0.18x | 0.31x | 0.40x | 0.86x | 0.96x | - | 2.10x |
| Book Value per Share | 6.66 | 6.38 | 4.77 | 3.80 | -4.19 | 7.73 | 9.74 | 12.25 | 12.61 | 14.37 | 11.17 | 11.15 | 10.16 | 6.65 | 8.26 | 5.27 | 4.28 | 4.55 | 3.95 | 2.12 | 1.86 |
| Tangible BV per Share | 5.41 | 4.35 | 3.45 | 2.27 | -5.86 | 5.60 | 7.53 | 9.93 | 10.18 | 11.21 | 9.93 | 8.81 | 8.57 | 6.54 | 8.21 | 5.27 | 4.28 | 4.43 | 3.84 | 2.12 | 1.86 |
Florida catastrophe reinsurance volatility
As reported in recent financial statements, ACIC has successfully expanded its equity base from $168.8 million in 2023Q4 to $331.7 million by 2026Q1, signaling a strengthening balance sheet as the company pivots away from legacy personal lines toward its core commercial residential niche.
The consistent growth in equity suggests that the company is successfully retaining earnings from its high-margin commercial book. This trajectory appears to indicate that the strategic restructuring is yielding a more robust capital foundation, though investors should monitor whether this growth can be sustained without the noise of legacy runoff.
Based on the provided quarterly data, loss reserves have fluctuated significantly, peaking at $56.3 million in 2024Q4 before moderating to $10.2 million in 2026Q1, which suggests that the company is still navigating the tail-end of claims from its discontinued personal lines operations.
The sharp decline in recent loss reserves may imply that the most significant legacy liabilities are being settled or offloaded. However, the historical volatility warrants further investigation into whether these reserve movements are truly indicative of improved underwriting or merely the result of accounting adjustments related to the corporate transition.
According to the company's reported figures, the equity-to-asset ratio has improved significantly over the last ten quarters, moving from approximately 15% in 2023Q4 to nearly 42% in 2026Q1, which suggests a substantial increase in the company's capacity to absorb potential catastrophe-related losses.
This shift toward a more conservative capital structure appears to align with the company's goal of dominating the Florida commercial residential market. The improved capitalization provides a necessary buffer against the inherent volatility of the Florida insurance environment, potentially enhancing the company's long-term financial stability.
As indicated by the minimal reported cash and investment balances of $1 million across the observed period, ACIC's balance sheet appears highly sensitive to liquidity shocks, which may leave the company vulnerable if reinsurance recoverables are delayed following a major Florida catastrophe event.
The lack of significant liquid assets suggests that the company may be operating with a very lean treasury, relying heavily on premium inflows to meet immediate obligations. This structure warrants further investigation, as it may indicate an over-reliance on the timing of reinsurance payments to maintain operational liquidity.
Quick answers to the most common questions about buying ACIC stock.
As of 2025, American Coastal Insurance Corporation (ACIC) had total assets of $1.07B including $723.4M in current assets.
American Coastal Insurance Corporation (ACIC) carries total debt of $152.5M, offset by $311.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
American Coastal Insurance Corporation (ACIC) has total shareholders' equity (book value) of $317.6M ($6.38 book value per share). Book value represents the net worth of the company belonging to common stock holders.
American Coastal Insurance Corporation (ACIC) reported a current ratio of 1.22x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.