secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN COASTAL INSURANCE Corp (ACIC)
CIK:        0001401521
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001401521-25-000072
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Coastal Q1 core EPS $0.42 vs $0.50 YoY; combined ratio 65%
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- Net premiums earned $68.3M, up 9.0% YoY; total revenue $72.2M, +8.4%.
- Core income $20.7M ($0.42 diluted), down 15.3% YoY on higher policy acquisition costs.
- Combined ratio 65.0% (target) vs 53.2% a year ago; underlying combined ratio 68.2%.
- Book value per share $5.40, up 26.5% YoY; tangible book value $4.06 per share.
- Sold Interboro Insurance April 1 for over $26M cash; reinsurance renewal progress by June 1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401521/000140152125000072/0001401521-25-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401521/000140152125000072/acic-20250508.htm
  HTML page:      https://secwatch.observer/filing/0001401521-25-000072

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