ACIC Stock Recent News

American Coastal Insurance Corporation (NASDAQ:ACIC ) Q2 2024 Earnings Call August 7, 2024 5:00 PM ET Company Participants Karin Daly - Investor Relations Bennett Bradford Martz - President Svetlana Castle - Chief Financial Officer Conference Call Participants Gregory Peters - Raymond James Operator Greetings, and welcome to the American Coastal Insurance Corporation's Second Quarter 2024 Earnings Conference Call and Webcast. [Operator Instructions] As a reminder, this conference is being recorded.

American Coastal Insurance (ACIC) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.65 per share a year ago.

ST. PETERSBURG, Fla., July 24, 2024 (GLOBE NEWSWIRE) -- American Coastal Insurance Corporation (Nasdaq Ticker: ACIC) (“the Company”, “American Coastal” or “ACIC”) the insurance holding company of American Coastal Insurance Company, announced today that it expects to release its financial results for the second quarter ended June 30, 2024, on Wednesday, August 7, 2024, after the close of the market, and will conduct its quarterly conference call at 5:00 p.m. ET.

American Coastal Insurance has strong first quarter earnings with a combined ratio of 57.8% and core ROE of 69.7%, offering attractive earnings for investors. The company has a contrarian-like underwriting strategy focusing on high-risk areas, with solid reinsurance support and low-cost operations driving profitability. Earnings are well-protected with better rates in high-risk areas, cost-cutting measures, and a strong MGA agreement, leading to potential upside.

Here is how American Coastal Insurance (ACIC) and Mr Cooper (COOP) have performed compared to their sector so far this year.

Here is how American Coastal Insurance (ACIC) and Crescent Capital BDC (CCAP) have performed compared to their sector so far this year.

American Coastal Insurance Corporation (NASDAQ:ACIC ) Q1 2024 Results Conference Call May 9, 2024 5:00 PM ET Company Participants Karin Daly - Vice President of Investor Relations Daniel Peed - Chairman & Chief Executive Officer Svetlana Castle - Chief Financial Officer Bennett Bradford Martz - President Conference Call Participants Bill Dezellem - Tieton Capital Management Operator Greetings, and welcome to the American Coastal Insurance Corporation First Quarter 2024 Financial Results Conference Call and Webcast. [Operator Instructions] As a reminder, this conference is being recorded.

American Coastal Insurance Corporation (ACIC) Q4 2023 Earnings Call Transcript

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