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American Coastal Insurance Corporation  (ACIC)
Other Ticker:  
 
 
Price: $10.6900 $0.58 5.737%
Day's High: $10.87 Week Perf: -1.57 %
Day's Low: $ 10.54 30 Day Perf: -22.31 %
Volume (M): 2,424 52 Wk High: $ 14.25
Volume (M$): $ 25,913 52 Wk Avg: $9.31
Open: $10.54 52 Wk Low: $6.61



 Market Capitalization (Millions $) 472
 Shares Outstanding (Millions) 44
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -592
 Cash Flow (TTM) (Millions $) -93
 Capital Exp. (TTM) (Millions $) 0

American Coastal Insurance Corporation
American Coastal Insurance Corporation is an insurance company that primarily focuses on providing coverage for coastal properties in the United States. The company offers a range of insurance products, including property insurance, flood insurance, windstorm insurance, and excess flood insurance. American Coastal Insurance Corporation aims to protect homeowners and businesses in coastal areas against the risks and damages caused by natural disasters, such as hurricanes, floods, and other coastal hazards. The company is dedicated to providing quality and comprehensive insurance solutions to its policyholders, ensuring their peace of mind and financial security.


   Company Address: 800 2nd Avenue S. St. Petersburg, 33701 FL
   Company Phone Number: 895-7737   Stock Exchange / Ticker: NASDAQ ACIC
   


Customers Net Income fell by ACIC's Customers Net Profit Margin fell to

-48.22 %

7.73 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AIG        2.34% 
BRKA        2.34% 
HIG        2.89% 
L        2.41% 
PGR        0.54% 
TRV        2.54% 
• View Complete Report
   



American Coastal Insurance Corporation

American Coastal Insurance Corporation Makes Waves with Positive Financial Results

American Coastal Insurance Corporation (ACIC) recently announced its positive financial results for the fiscal interval ending September 30, 2023. The company's profits turned positive at $0.24 per share, a significant improvement from the loss of $-1.65 per share reported in the previous year's reporting season. However, the net profit per share witnessed a decline of 41.46% compared to the preceding reporting season, falling from $0.41 per share to $-79.30 million.
In the most recent fiscal period, ACIC reported a net shortfall of $-10.568 million, a substantial improvement from the deficit of $-70.884 million reported in the same reporting season a year ago. This improvement in the company's financial performance indicates positive growth and a potential turnaround in its profitability.

American Coastal Insurance Corporation

American Coastal Insurance Corporation Surges in Q2 2023: Major Turnaround with $0.41 Income Per Share, Leaving Last Year's $-1.60 Loss in the Dust

American Coastal Insurance Corporation has shown significant improvement in its financial performance during the April to June 2023 fiscal quarter. The company's income per share turned positive at $0.41, which is a notable contrast to the previous year's loss of $-1.60 per share in the same quarter. However, it is important to note that the earnings per share (EPS) witnessed a decline of -93.16% from the preceding quarter, dropping from $5.99 per share to a loss of $-104.05 million.
Despite this decline in EPS, the company's financial position has improved compared to the corresponding quarter of the previous year. The net loss for the April to June 2023 fiscal period stood at $-17.779 million, a considerable improvement from the deficit of $-69.055 million in the same quarter a year ago. This shift indicates that American Coastal Insurance Corporation has taken steps to enhance its financial stability and reduce losses.






 

American Coastal Insurance's Segments
 
 
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