---
schema_version: "secwatch.filing_event.v1"
accession: "0001401521-24-000021"
form_type: "8-K"
ticker: "ACIC"
cik: "0001401521"
company_name: "AMERICAN COASTAL INSURANCE Corp"
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T06:28:45.520445+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# ACIC Q4 core income $0.39, up 225% YoY; combined ratio 66.6% vs 104.5%

## Summary
- Net income from continuing ops $17.1M ($0.37) vs $1.0M ($0.02) YoY; core income $17.7M ($0.39).
- Gross premiums earned $167.5M, +15.7% YoY; combined ratio improved 38 pts to 66.6%.
- Personal lines combined ratio 207.4%; NY rate increase +12.6% approved (eff. Feb/Mar 2024).
- ATM raised $38.2M from 4.37M shares at avg $9.00; book value per share $3.61 (vs -$4.21).
- Commuted CAT reinsurance for $6.4M charge; net economic benefit of $8.0M over time.

## SEC filing metadata
- accession: 0001401521-24-000021
- form_type: 8-K
- ticker: ACIC
- cik: 0001401521
- company_name: AMERICAN COASTAL INSURANCE Corp
- filed_at: 2024-02-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1401521/000140152124000021/0001401521-24-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1401521/000140152124000021/acic-20240229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001401521-24-000021
- JSON: https://secwatch.observer/filing/0001401521-24-000021.json
- Plain text: https://secwatch.observer/filing/0001401521-24-000021.txt

## Key facts
- Earnings Releases
  AMERICAN COASTAL INSURANCE Corp reported financial results for fourth quarter and year ended December 31, 2023.
  - Period: fourth quarter and year ended December 31, 2023
  - Result: reported results
  source text: American Coastal Insurance Corporation (Nasdaq: ACIC) ("ACIC" or "the Company"), a property and casualty insurance holding company, today reported its financial results for the fourth quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401521/000140152124000021/0001401521-24-000021-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.