American Coastal Insurance Corporation (ACIC) reported a net income of $106.8 million for the fiscal year ending December 31, 2025, a significant increase from $75.7 million in 2024. This growth was driven by a rise in net premiums earned, which reached $306.9 million, up from $274.0 million the previous year. The company’s gross premiums written decreased by 5.4% to $612.5 million, while gross premiums earned increased by 1.5% to $648.3 million. The overall revenue for 2025 was $335.4 million, compared to $296.7 million in 2024, reflecting a strong performance in investment income, which rose to $22.2 million from $20.8 million.

In terms of operational changes, ACIC underwent a strategic shift by selling its subsidiary, Interboro Insurance Company (IIC), to Forza Insurance Holdings, LLC, for $25.7 million, which closed on April 1, 2025. This sale resulted in a loss on disposal of $247,000 and a loss of $1.3 million on IIC's fixed maturity portfolio. The company also reported a favorable development in prior year reserves, contributing to a lower loss ratio of 15.0% in 2025, down from 25.3% in 2024. The combined ratio improved to 60.1%, indicating enhanced underwriting profitability.

ACIC's customer base showed growth, with policies in force increasing by 5.2% to 4,311 as of December 31, 2025. The company continues to focus on its core market in Florida, where it writes 100% of its business. The company’s financial strength ratings from Demotech and Kroll remain stable, with AmCoastal rated "A" and "A-", respectively. The company’s employee count stood at 68 as of the end of 2025, reflecting a stable workforce.

Looking ahead, ACIC anticipates continued growth driven by its strategic focus on catastrophe-exposed property insurance in Florida. The company plans to optimize its portfolio and maintain a balance between risk appetite and underwriting profitability. However, it remains cautious about potential impacts from catastrophic events and regulatory changes in the insurance landscape. The company’s management expressed confidence in its ability to navigate these challenges while pursuing opportunities for expansion and profitability.

About AMERICAN COASTAL INSURANCE Corp

American Coastal Insurance Corporation is a property and casualty insurance provider focused on commercial insurance in Florida, particularly for catastrophe-exposed properties. With a strategic partnership with AmRisc, the company aims to capitalize on market opportunities left by larger insurers. American Coastal is transitioning to a specialty commercial underwriter, having divested personal lines, and emphasizes sustainability and community engagement through its ESG initiatives.

This description was generated via AI from an annual report. Updated 8 months ago.

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