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American Coastal Insurance Corporation Announces an Additional $25 Million of Stock Repurchase Authorization

ACIC
  • American Coastal Insurance Corporation's Board authorized an additional $25 million for common stock repurchases.
  • The total stock repurchase plan authorization is now $50 million, with $30.6 million remaining available as of August 6, 2026.
  • Repurchases may occur via open market, privately negotiated transactions, Rule 10b5-1 plans, or other methods at management's discretion.
  • The stock repurchase authorization has no expiration date.
  • American Coastal Insurance Corporation is the holding company for American Coastal Insurance Company, founded in 2007 to insure Florida condominiums, HOAs, & apartments.
  • The company holds an exclusive distribution partnership with AmRisc Group for Florida Condominium Association properties.
  • American Coastal Insurance Company holds a Financial Stability Rating of "A" from Demotech & an "A" financial strength rating with a Stable outlook from Kroll.
  • The parent company maintains a 'BBB' issuer rating with a Stable outlook from Kroll.