American Coastal Insurance Corporation, through its subsidiaries, primarily engages in the commercial and personal property and casualty insurance business in the United States. The company provides structure, content, and liability coverage for standard single-family homeowners, renters, and condominium unit owners. It also offers commercial multi-peril property insurance for residential condominium associations and apartments, as well as coverage to policyholders for loss or damage to buildings, inventory, and equipment caused by fire, wind, hail, water, theft, and vandalism. In addition, the company provides equipment breakdown, identity theft, and flood policies. The company markets and distributes its products through a network of independent agencies. The company was formerly known as United Insurance Holdings Corp. and changed its name to American Coastal Insurance Corporation in July 2023. American Coastal Insurance Corporation was founded in 1999 and is based in Saint Petersburg, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $335M | $154M | $107M | $71M | 33.6% | 13.0% | 41.1% |
| 2024 | $296M | $114M | $76M | $243M | 32.1% | 12.4% | -75.6% |
| 2023 | $264M | $107M | $310M | $-136M | 183.6% | 19.4% | - |
| 2022 | $221M | $11M | $-470M | $-176M | 258.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 220.78 | 263.68 | 296.44 | 335 |
| EBIT | 11.16 | 106.95 | 113.66 | 153.55 |
| Pretax Income | 1.68 | 96.08 | 101.66 | 142.73 |
| Tax Provision | 26.23 | 10.88 | 25.34 | 35.94 |
| Net Income | -469.86 | 309.91 | 75.72 | 106.84 |
| Net Income Common Stockholders | -469.86 | 309.91 | 75.72 | 106.84 |
| Total Expenses | 219.10 | 167.60 | 194.78 | 192.27 |
| Interest Expense | 9.48 | 10.88 | 12 | 10.81 |
| Selling General And Administration | 32 | 27.57 | 31.37 | 23.62 |
| Normalized Income | -22.58 | 85.38 | 76.32 | 110.16 |
| Basic EPS | -10.91 | 7.11 | 1.59 | 0 |
| Diluted EPS | -10.91 | 6.98 | 1.54 | 0 |
| Tax Effect Of Unusual Items | -0.50 | -0.02 | 0 | -1.13 |
| Tax Rate For Calcs | 0.21 | 0.11 | 0.25 | 0.25 |
| Total Unusual Items | -2.36 | -0.20 | 0 | -4.50 |
| Total Unusual Items Excluding Goodwill | -2.36 | -0.20 | 0 | -4.50 |
| Net Income From Continuing Operation Net Minority Interest | -24.44 | 85.20 | 76.32 | 106.80 |
| Reconciled Depreciation | 23.31 | 10.63 | 8.87 | 6.57 |
| Net Interest Income | -9.48 | -10.88 | -12 | -10.81 |
| Net Income From Continuing And Discontinued Operation | -469.86 | 309.91 | 75.72 | 106.84 |
| Rent Expense Supplemental | 0.89 | 0.72 | 0.22 | 0 |
| Diluted Average Shares | 43.05 | 44.39 | 49.36 | 0 |
| Basic Average Shares | 43.05 | 43.60 | 47.83 | 0 |
| Diluted NI Availto Com Stockholders | -469.86 | 309.91 | 75.72 | 106.84 |
| Minority Interests | 0.11 | 0 | 0 | 0 |
| Net Income Including Noncontrolling Interests | -469.97 | 309.91 | 75.72 | 106.84 |
| Net Income Discontinuous Operations | -445.41 | 224.71 | -0.60 | 0.04 |
| Net Income Continuous Operations | -24.55 | 85.20 | 76.32 | 106.80 |
| Other Income Expense | 0.29 | -0.71 | -0.22 | -0.44 |
| Special Income Charges | -2.36 | -0.20 | 0 | -4.50 |
| Other Special Charges | 2.36 | 0.20 | 0 | 4.50 |
| Net Non Operating Interest Income Expense | -9.48 | -10.88 | -12 | -10.81 |
| Interest Expense Non Operating | 9.48 | 10.88 | 12 | 10.81 |
| Other Operating Expenses | -10.05 | -2.45 | -2.11 | -2.53 |
| Depreciation And Amortization In Income Statement | 8.21 | 5.08 | 7.83 | 6.57 |
| Amortization | 3.25 | 3.25 | 2.64 | 2.44 |
| Depreciation Income Statement | 4.96 | 1.83 | 5.18 | 4.13 |
| General And Administrative Expense | 32 | 27.57 | 31.37 | 23.62 |
| Other Gand A | 18.42 | 13.96 | 16.23 | 13.14 |
| Salaries And Wages | 13.58 | 13.62 | 15.14 | 10.48 |
| Operating Revenue | 220.78 | 263.68 | 296.44 | 335 |
| Loss Adjustment Expense | 96.11 | 48.31 | 71.23 | 47.58 |
| Net Policyholder Benefits And Claims | 96.11 | 48.31 | 71.23 | 47.58 |
| Policyholder Benefits Gross | 763.07 | 125.51 | 229.37 | 3.73 |
| Policyholder Benefits Ceded | 666.96 | 77.20 | 158.14 | -43.84 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| American Coastal Insurance Corporationthis co. | ACIC | $573M | 5.51β discount | 1.80 | 33.6% | 3.29 |
| California BanCorp | BCAL | $598M | 10.16 | 1.05 | 10.9% | - |
| Arrow Financial Corporation | AROW | $596M | 13.61 | 1.37 | 10.2% | - |
| Washington Trust Bancorp, Inc. | WASH | $591M | 11.32 | 1.09 | 9.6% | - |
| Northfield Bancorp, Inc. |
| NFBK |
| $582M |
| 107.23 |
| 0.84 |
| 0.1% |
| - |
| AMERISAFE, Inc. | AMSF | $577M | 12.04 | 2.26 | 18.7% | - |
| Bar Harbor Bankshares | BHB | $577M | 14.00 | 1.07 | 6.9% | - |
| Peoples Financial Services Corp. | PFIS | $566M | 9.62 | 1.09 | 11.4% | - |
| Carter Bankshares, Inc. | CARE | $558M | 5.17 | 1.11 | 7.5% | - |
| Peer Median | - | 11.68 | 1.09 | 9.9% | - | |