earnings
confidence high
sentiment negative
materiality 0.75
American Coastal Q2 net income down 17% to $21.9M; core EPS $0.33 vs $0.54
AMERICAN COASTAL INSURANCE Corp
- Net income $21.9M ($0.44 diluted EPS) vs $26.4M ($0.53) a year ago; core income $16.5M ($0.33).
- Gross premiums written $216.3M, down 5.3% YoY; net premiums earned $69.7M, down 11.1%.
- Total revenue $82.6M, down 4.5% YoY; income from continuing ops $21.9M, down 21.9%.
- Book value per share rose 20.2% to $7.21 from $6.00.
- No discontinued operations in Q2 2026 vs $1.6M loss in Q2 2025.