---
schema_version: "secwatch.filing_event.v1"
accession: "0001401521-24-000038"
form_type: "8-K"
ticker: "ACIC"
cik: "0001401521"
company_name: "AMERICAN COASTAL INSURANCE Corp"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T05:19:37.819324+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# American Coastal Insurance Q1 core income down 20.9% to $0.50/share; combined ratio improves to 58.3%

## Summary
- Core income (non-GAAP) $24.3M ($0.50), down 20.9% YoY from $30.7M ($0.70).
- Gross premiums earned rose 16.9% to $168.8M, but net premiums fell 21.3% due to 40% quota share.
- Combined ratio improved 4 pts to 58.3%; underlying combined ratio improved to 57.8% from 63.0%.
- Personal lines (Interboro) earned pre-tax profit of $1.1M vs loss last year; divestiture definitive agreements nearly complete.
- Issued $200M cat bond (Armor Re II) at 10.25% and plans to reduce quota share to 20% from 40% on 6/1/24.

## SEC filing metadata
- accession: 0001401521-24-000038
- form_type: 8-K
- ticker: ACIC
- cik: 0001401521
- company_name: AMERICAN COASTAL INSURANCE Corp
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1401521/000140152124000038/0001401521-24-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1401521/000140152124000038/acic-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001401521-24-000038
- JSON: https://secwatch.observer/filing/0001401521-24-000038.json
- Plain text: https://secwatch.observer/filing/0001401521-24-000038.txt

## Key facts
- Earnings Releases
  AMERICAN COASTAL INSURANCE Corp reported financial results for first quarter ended March 31, 2024.
  - Period: first quarter ended March 31, 2024
  - Result: reported results
  source text: AMERICAN COASTAL INSURANCE CORPORATION REPORTS FINANCIAL RESULTS FOR ITS FIRST QUARTER ENDED MARCH 31, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401521/000140152124000038/0001401521-24-000038-index.htm

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