The company maintains strong underwriting efficiency with a 63.8% combined ratio in 2026Q1, though revenue growth remains inconsistent, fluctuating from a 56.4% surge in 2024Q3 to a 1.2% contraction in 2026Q1.
| 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 |
|---|
| Revenue | 334.25M | 335.44M | 296.66M | 263.68M | 220.78M | 228.69M | 846.66M | 825.12M | 723.94M | 654.42M | 487.12M | 357.57M | 280.23M | 208.08M | 131.23M | 96.42M | 79.99M | 88.47M | 101.06M | 112.6M | 82.45M |
| Revenue Growth % | 10.69% | 13.07% | 12.51% | 19.43% | -3.45% | -72.99% | 2.61% | 13.98% | 10.62% | 34.35% | 36.23% | 27.6% | 34.67% | 58.56% | 36.11% | 20.54% | -9.58% | -12.46% | -10.25% | 36.57% | - |
| Medical Costs & Claims | 96.29M | 46.04M | 140.31M | 122.11M | 177.1M | 182.25M | 844.32M | 737.76M | 611.73M | 540.98M | 416.01M | 270.51M | 183.73M | 149.45M | 95.29M | 67.92M | 67.43M | 64.24M | 17.62M | 17.02M | 82.45M |
| Medical Cost Ratio % | 28.81% | 13.73% | 47.3% | 46.31% | 80.22% | 79.69% | 99.72% | 89.41% | 84.5% | 82.67% | 85.4% | 75.65% | 65.57% | 71.82% | 72.61% | 70.44% | 84.3% | 72.61% | 17.43% | 15.12% | 100% |
| Gross Profit | 237.95M | 289.4M | 156.35M | 141.56M | 43.68M | 46.44M | 2.34M | 87.36M | 112.21M | 113.44M | 71.11M | 87.06M | 96.5M | 58.63M | 35.95M | 28.5M | 12.56M | 24.23M | 83.45M | 95.58M | 0 |
| Gross Margin % | 71.19% | 86.27% | 52.7% | 53.69% | 19.78% | 20.31% | 0.28% | 10.59% | 15.5% | 17.33% | 14.6% | 24.35% | 34.43% | 28.18% | 27.39% | 29.56% | 15.7% | 27.39% | 82.57% | 84.88% | 0% |
| Gross Profit Growth % | - | 85.1% | 10.44% | 224.09% | -5.93% | 1886.1% | -97.32% | -22.15% | -1.08% | 59.54% | -18.33% | -9.78% | 64.59% | 63.09% | 26.12% | 126.95% | -48.17% | -70.96% | -12.69% | - | - |
| Operating Expenses | 95.66M | 146.66M | 44.76M | 45.48M | 42M | 56.85M | 134.44M | 119.96M | 116.45M | 112.53M | 64.1M | 45.2M | 32.09M | 24.14M | 20.23M | 15.49M | 13.97M | 17.91M | 41.84M | 47.64M | 28.88M |
| OpEx / Revenue % | 28.62% | 43.72% | 15.09% | 17.25% | 19.02% | 24.86% | 15.88% | 14.54% | 16.09% | 17.2% | 13.16% | 12.64% | 11.45% | 11.6% | 15.42% | 16.06% | 17.46% | 20.24% | 41.4% | 42.31% | 35.03% |
| Depreciation & Amortization | 10.78M | 20.6M | 8.87M | 10.63M | 23.31M | 11.77M | 11.05M | 12M | 18.48M | 37.53M | 11.71M | 3.33M | 801K | 697K | 684K | 719K | 1.11M | 1.19M | 781K | 720K | 66K |
| Combined Ratio % | 57.43% | 57.45% | 62.38% | 63.56% | 99.24% | 104.56% | 115.6% | 103.95% | 100.59% | 99.86% | 98.56% | 88.29% | 77.02% | 83.43% | 88.03% | 86.5% | 101.76% | 92.85% | 58.83% | 57.43% | 135.03% |
| Operating Income | 142.29M | 142.73M | 111.59M | 96.08M | 1.68M | -10.42M | -132.1M | -32.61M | -4.24M | 910K | 7M | 41.86M | 64.41M | 34.49M | 15.71M | 13.02M | -1.41M | 6.33M | 41.6M | 47.94M | 18.21M |
| Operating Margin % | 42.57% | 42.55% | 37.62% | 36.44% | 0.76% | -4.56% | -15.6% | -3.95% | -0.59% | 0.14% | 1.44% | 11.71% | 22.98% | 16.57% | 11.97% | 13.5% | -1.76% | 7.15% | 41.17% | 42.57% | 22.09% |
| Operating Income Growth % | - | 27.91% | 16.14% | 5615.65% | 116.14% | 92.11% | -305.15% | -669.19% | -565.82% | -87.01% | -83.27% | -35.01% | 86.77% | 119.47% | 20.73% | 1024.43% | -122.25% | -84.79% | -13.22% | 163.21% | - |
| EBITDA | 153.07M | 163.33M | 120.46M | 106.71M | 24.99M | 1.35M | -121.06M | -20.61M | 14.24M | 38.44M | 18.72M | 45.19M | 65.21M | 35.18M | 16.4M | 13.73M | -302K | 7.51M | 42.38M | 48.66M | 18.28M |
| EBITDA Margin % | 45.8% | 48.69% | 40.61% | 40.47% | 11.32% | 0.59% | -14.3% | -2.5% | 1.97% | 5.87% | 3.84% | 12.64% | 23.27% | 16.91% | 12.5% | 14.25% | -0.38% | 8.49% | 41.94% | 43.21% | 22.17% |
| Interest Expense | 10.44M | 10.81M | 12M | 10.88M | 9.48M | 9.3M | 9.58M | 9.78M | 9.87M | 3.25M | 723K | 326K | 410K | 367K | 355K | 548K | 1.77M | 3.18M | 2.81M | 6.08M | 5.02M |
| Non-Operating Income | -10.44M | -10.81M | -2.06M | -10.88M | -9.48M | -9.3M | -9.58M | -9.78M | -9.87M | -3.25M | -723K | -326K | -410K | -367K | -355K | -548K | -1.77M | -3.18M | -2.81M | -6.08M | 0 |
| Pretax Income | 142.29M | 142.73M | 101.66M | 96.08M | 1.68M | -10.42M | -132.1M | -32.61M | -4.24M | 910K | 7M | 41.86M | 64.41M | 34.49M | 15.71M | 13.02M | -1.41M | 6.33M | 41.6M | 47.94M | 13.19M |
| Pretax Margin % | 42.57% | 42.55% | 34.27% | 36.44% | 0.76% | -4.56% | -15.6% | -3.95% | -0.59% | 0.14% | 1.44% | 11.71% | 22.98% | 16.57% | 11.97% | 13.5% | -1.76% | 7.15% | 41.17% | 42.57% | 16% |
| Income Tax | 35.95M | 35.94M | 25.34M | 10.88M | 26.23M | -6.7M | -36.6M | -3.12M | -4.63M | -9.23M | 1.3M | 14.5M | 23.4M | 14.14M | 6.01M | 4.93M | -483K | 2.27M | 8.18M | 8.3M | -4.01M |
| Effective Tax Rate % | 25.27% | 25.18% | 24.93% | 11.32% | 1560.56% | 64.31% | 27.71% | 9.57% | 109.29% | -1014.84% | 18.63% | 34.64% | 36.33% | 41.02% | 38.24% | 37.86% | 34.3% | 35.88% | 19.67% | 17.31% | -30.42% |
| Net Income | 104.74M | 106.84M | 75.72M | 309.91M | -469.86M | -57.92M | -96.45M | -29.87M | 290K | 10.14M | 5.7M | 27.36M | 41.01M | 20.34M | 9.71M | 8.09M | -925K | 4.06M | 33.42M | 39.64M | 17.21M |
| Net Margin % | 31.34% | 31.85% | 25.52% | 117.53% | -212.81% | -25.33% | -11.39% | -3.62% | 0.04% | 1.55% | 1.17% | 7.65% | 14.64% | 9.78% | 7.4% | 8.39% | -1.16% | 4.59% | 33.07% | 35.21% | 20.87% |
| Net Income Growth % | 42.57% | 41.1% | -75.57% | 165.96% | -711.23% | 39.95% | -222.89% | -10400.69% | -97.14% | 78.04% | -79.17% | -33.29% | 101.62% | 109.6% | 19.99% | 974.38% | -122.8% | -87.86% | -15.7% | 130.37% | - |
| EPS (Diluted) | 2.10 | 2.15 | 1.53 | 6.98 | -10.87 | -1.35 | -2.25 | -0.70 | 0.01 | 0.27 | 0.26 | 1.28 | 2.05 | 1.26 | 0.91 | 0.77 | -0.09 | 0.38 | 3.08 | 0.01 | 1.33 |
| EPS Growth % | 40.94% | 40.52% | -78.08% | 164.21% | -705.19% | 40% | -221.43% | - | -97.48% | 3.85% | -79.69% | -37.56% | 62.7% | 38.46% | 18.18% | 980% | -123.03% | -87.66% | - | -99.47% | - |
| EPS (Basic) | - | 2.20 | 1.58 | 7.11 | -10.87 | -1.35 | -2.25 | -0.70 | 0.01 | 0.27 | 0.27 | 1.29 | 2.06 | 1.26 | 0.91 | 0.77 | -0.09 | 0.38 | 3.17 | 0.01 | 1.33 |
| Diluted Shares Outstanding | 49.81M | 49.78M | 49.36M | 44.39M | 43.05M | 42.95M | 42.86M | 42.76M | 42.84M | 37.38M | 21.61M | 21.45M | 20.05M | 16.18M | 10.66M | 10.44M | 10.57M | 10.57M | 10.85M | 11.78M | 12.94M |
Florida catastrophe reinsurance volatility
As reported in recent financial statements, ACIC maintained a robust combined ratio of 63.8% in 2026Q1, demonstrating significant underwriting discipline that appears to capitalize on the current hard market environment for Florida commercial residential properties despite the inherent volatility of the regional insurance landscape.
The company's ability to consistently keep the combined ratio well below the 100% threshold suggests that its specialized focus on commercial condominium structures provides a structural advantage over generalist peers. Investors should monitor whether this margin profile remains sustainable as the company navigates potential shifts in reinsurance pricing and the ongoing runoff of legacy personal lines operations.
Based on the provided quarterly data, ACIC's revenue growth has exhibited a mixed trajectory, fluctuating from a 56.4% surge in 2024Q3 to a 1.2% contraction in 2026Q1, reflecting the complex transition away from legacy personal lines toward a concentrated commercial residential portfolio.
The inconsistent top-line performance appears to be a byproduct of the deliberate shedding of lower-margin business segments rather than a failure of core commercial demand. This suggests that while the current revenue base may appear unstable, the underlying quality of the premium mix is likely improving as the company pivots toward its core niche.
According to historical performance data, the company's earnings volatility, highlighted by a 67.7% decline in EPS during 2024Q4, warrants further investigation into whether residual liabilities from the former United Insurance Holdings structure continue to mask the true profitability of the American Coastal subsidiary.
The significant variance in quarterly net income suggests that investors should be cautious when extrapolating current profitability trends without adjusting for potential reserve strengthening related to discontinued operations. It remains unclear to what extent these legacy issues will continue to impact the income statement before the runoff is fully resolved.
As indicated by the company's reported debt-to-equity ratio of 0.48%, ACIC appears to be prioritizing a fortress balance sheet, which may provide the necessary capital buffer to withstand the high-frequency, high-severity loss events characteristic of the Florida commercial property market.
This conservative leverage profile suggests that management is focused on maintaining financial stability to satisfy regulatory requirements and reinsurance partners. Such a stance appears prudent given the sector's sensitivity to catastrophe-related capital shocks and the ongoing need for consistent capacity in the Florida market.
Quick answers to the most common questions about buying ACIC stock.
For fiscal year 2025, American Coastal Insurance Corporation (ACIC) reported total revenue of $335.4M. This represents a 306.8% increase compared to $82.5M in 2006.
American Coastal Insurance Corporation (ACIC) is profitable, generating $106.8M in net income for the fiscal year ending 2025 with a net profit margin of 31.8%.
American Coastal Insurance Corporation (ACIC) reported an operating income of $142.7M, resulting in an operating profit margin of 42.6%. This margin reflects the operational efficiency of the business before interest and taxes.
American Coastal Insurance Corporation (ACIC) generated $289.4M in gross profit for the year, representing a gross profit margin of 86.3%. This demonstrates the company's core pricing power and production efficiency.