secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN COASTAL INSURANCE Corp (ACIC)
CIK:        0001401521
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001401521-24-000097
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACIC Q2 core EPS $0.40 beats consensus $0.30; book value $4.63; guides FY net income $85M-$95M
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- Core EPS $0.40 vs analyst estimate $0.30; book value per share $4.63 vs est $4.58.
- Net income from continuing ops $19.1M ($0.39 diluted), down 10.2% YoY; core income $19.6M.
- Combined ratio 64.9% (est 74.3%), up 1.8 pts YoY; underlying combined ratio 66.4%.
- Agreement to sell Interboro Insurance (IIC) to Forza; closing expected Q1 2025; IIC in discontinued ops.
- FY2024 guidance: net income from continuing ops $85M-$95M, net premiums earned $285M-$300M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401521/000140152124000097/0001401521-24-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401521/000140152124000097/acic-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001401521-24-000097

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer