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 | - | $107M | $71M | 33.6% | 13.0% | 41.1% |
| 2024 | $296M | - | $76M | $243M | 32.1% | 12.4% | -75.6% |
| 2023 | $264M | - | $310M | $-136M | 183.6% | 19.4% | -166.0% |
| 2022 | $221M | - | $-470M | $-176M | 258.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 220.78 | 263.68 | 296.44 | 335 |
| Operating Revenue | - | 220.78 | 263.68 | 296.44 | 335 |
| Selling General And Administration | - | 32 | 27.57 | 31.37 | 23.62 |
| Total Expenses | - | 219.10 | 167.60 | 194.78 | 192.27 |
| EBIT | - | 11.16 | 106.96 | 113.66 | 153.55 |
| Interest Expense | - | 9.48 | 10.88 | 12 | 10.82 |
| Net Interest Income | - | -9.48 | -10.88 | -12 | -10.82 |
| Other Income Expense | - | 0.29 | -0.71 | -0.22 | -0.44 |
| Interest Expense Non Operating | - | 9.48 | 10.88 | 12 | 10.82 |
| Net Non Operating Interest Income Expense | - | -9.48 | -10.88 | -12 | -10.82 |
| Pretax Income | - | 1.68 | 96.08 | 101.66 | 142.73 |
| Tax Provision | - | 26.23 | 10.88 | 25.34 | 35.94 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.50 | -0.02 | 0 | -1.13 |
| Net Income Continuous Operations | - | -24.55 | 85.20 | 76.32 | 106.80 |
| Net Income From Continuing And Discontinued Operation | - | -469.86 | 309.91 | 75.72 | 106.84 |
| Net Income From Continuing Operation Net Minority Interest | - | -24.44 | 85.20 | 76.32 | 106.80 |
| Net Income | - | -469.86 | 309.91 | 75.72 | 106.84 |
| Net Income Common Stockholders | - | -469.86 | 309.91 | 75.72 | 106.84 |
| Net Income Including Noncontrolling Interests | - | -469.97 | 309.91 | 75.72 | 106.84 |
| Normalized Income | - | -22.58 | 85.38 | 76.32 | 110.16 |
| Diluted NI Availto Com Stockholders | - | -469.86 | 309.91 | 75.72 | 106.84 |
| Basic Average Shares | - | 43.05 | 43.60 | 47.83 | 48.48 |
| Diluted Average Shares | - | 43.05 | 44.39 | 49.36 | 49.78 |
| Reconciled Depreciation | - | 23.31 | 10.63 | 8.87 | 6.57 |
| Total Unusual Items | - | -2.36 | -0.20 | 0 | -4.50 |
| Total Unusual Items Excluding Goodwill | - | -2.36 | -0.20 | 0 | -4.50 |
| Minority Interests | 1.95 | 0.11 | 0 | 0 | - |
| Net Income Discontinuous Operations | - | -445.41 | 224.71 | -0.60 | 0.04 |
| Special Income Charges | - | -2.36 | -0.20 | 0 | -4.50 |
| Other Special Charges | - | 2.36 | 0.20 | - | 4.50 |
| Depreciation And Amortization In Income Statement | - | 8.21 | 5.08 | 7.82 | 6.57 |
| General And Administrative Expense | - | 32 | 27.57 | 31.37 | 23.62 |
| Other Gand A | - | 18.42 | 13.96 | 16.24 | 13.14 |
| Salaries And Wages | - | 13.58 | 13.62 | 15.14 | 10.48 |
| Rent Expense Supplemental | - | 0.89 | 0.72 | 0.22 | - |
| Other Operating Expenses | - | -10.05 | -2.45 | -2.11 | -2.53 |
| Amortization | - | 3.25 | 3.25 | 2.64 | 2.44 |
| Depreciation Income Statement | - | 4.96 | 1.83 | 5.18 | 4.13 |
| 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 | 3.74 |
| 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 | $489M | 4.58β discount | 1.54 | 33.6% | - |
| Chaince Digital Holdings Inc. | CD | $517M | -101.45 | 11.75 | -11.6% | -131.93 |
| Home Bancorp, Inc. | HBCP | $513M | 11.14 | 1.18 | 10.6% | - |
| Sierra Bancorp | BSRR | $509M | 12.02 | 1.39 | 11.6% | - |
| LendingTree, Inc. |
| 2021 | - | - | - | - | - | - | - |
| TREE |
| $506M |
| 3.34 |
| 1.76 |
| 52.8% |
| 8.33 |
| Greenlight Capital Re, Ltd. | GLRE | $497M | 6.64 | 0.70 | 10.6% | - |
| First Business Financial Services, Inc. | FBIZ | $482M | 9.59 | 1.34 | 14.0% | - |
| ChoiceOne Financial Services, Inc. | COFS | $470M | 16.67 | 1.01 | 6.1% | - |
| AlTi Global, Inc. | ALTI | $461M | -3.85 | 1.81 | -47.1% | -5.59 |
| Peer Median | - | 8.11 | 1.37 | 10.6% | -5.59 | |