Earnings Releases·Oct 29, 2026, 4:01 PM ET

American Coastal Insurance Corporation — Third Quarter 2026 Earnings Summary

Net income for the third quarter fell 40.3% year-over-year to $19.4 million ($0.40 per share), while total revenue declined 21.8% to $70.7 million; the combined ratio worsened to 64.7% from 56.9% in the prior year period.
Gross premiums written grew 3.2% in the quarter, marking the first year-over-year growth since early 2025, though net premiums earned dropped 19.0% due to a 25% year-over-year decline in net pricing.
Management expects to begin writing E&S commercial property through Skyway in Florida, Texas, and South Carolina in the coming months and remains positioned to benefit from the next hard market cycle.
Book value per share increased 15.5% to $7.52, and total cash, cash equivalents, and restricted cash rose to $707.9 million, while no dividends were declared for the period.
Current year catastrophe losses contributed 4.7% to the third-quarter combined ratio, partially offset by 8.4% favorable prior-year reserve development.