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American Coastal Insurance Corporation Reports Financial Results for Its Fourth Quarter and Year Ended December 31, 2025

ACIC
  • American Coastal Insurance Corporation (ACIC) reported financial results for the fourth quarter and full year ended December 31, 2025, on February 19, 2026.
  • Quarterly net income reached $26.6 million ($0.53 per diluted share), compared to $4.9 million ($0.10 per share) in the same period in 2024.
  • Full-year 2025 net income totaled $106.8 million ($2.15 per diluted share), representing a 41.1% increase from $75.7 million in 2024.
  • Gross premiums written decreased 18.6% to $114.5 million for the quarter & fell 5.4% to $612.5 million for the full year.
  • Net premiums earned increased 7.9% to $79.3 million for the quarter & rose 12.0% to $306.9 million for the year.
  • Total revenue grew 9.0% to $86.4 million for the quarter & increased 13.1% to $335.4 million for the full year.
  • The combined ratio improved to 58.6% for the quarter & 60.1% for the year, both underperforming the 65% target.
  • Underlying combined ratios were 58.9% for the quarter & 61.5% for the year, excluding catastrophe losses & prior year development.
  • Losses & loss adjustment expenses (LAE) dropped 66.8% to $9.9 million in the quarter & 33.6% to $46.0 million for the year, driven by lower catastrophe losses compared to Hurricane Milton in Q4 2024.
  • Core income for the full year was $103.7 million ($2.08 per share), up 34.8% from the prior year.
  • Return on equity based on GAAP net income was 36.2% for the full year 2025, compared to 33.5% in 2024.
  • Book value per share increased 33.1% to $6.51 at year-end 2025, up from $4.89 in 2024.
  • Total cash, restricted cash, & investment holdings grew to $647.7 million at December 31, 2025, from $540.8 million in 2024.
  • The Company sold its subsidiary Interboro Insurance Company to Forza Insurance Holdings on April 1, 2025, recognizing a net loss on disposal of $247,000.
  • Policy acquisition costs increased 37.9% for the year to $97.8 million, primarily due to decreased ceding commission income from a quota share rate reduction from 20% to 15%.
  • General & administrative expenses decreased 9.6% to $40.5 million for the year, driven by lower depreciation, amortization, & professional service fees.
  • A quarterly conference call to discuss these results is scheduled for 5:00 P.M. ET on February 19, 2026.