Flash FinanceUS
Market closed S&P 5007,549.94+2.35% Nasdaq25,253.14+2.74% Dow 3052,389.75+2.15% Russell 20002,840.81+3.15% Nasdaq-10027,907.62+3.40% MidCap 4003,715.23+3.13% SmallCap 6001,722.37+2.89% VIX19.92-22.31% 10Y Yield4.86+0.10% Close of Nov 09, 2026
AI brief of an SEC Form 8-K · AMERICAN COASTAL INSURANCE Corp (ACIC)

American Coastal Q2 net income falls 17% to $21.9 million as premiums decline

Negative Impact 3 of 5 earnings Written later

American Coastal Insurance reported second-quarter 2026 net income of $21.9 million, or $0.44 per diluted share, down from $26.4 million, or $0.53 per diluted share, a year earlier. Gross premiums written fell 5.3% to $216.3 million, and the company attributed the decline to a 24% drop in net pricing as the market softened. Core income, a non-GAAP measure, fell 38.5% to $16.5 million, which weighs on shareholders' view of underlying earnings.

Key points

  • Net income for the quarter was $21.9 million, or $0.44 per diluted share, versus $26.4 million, or $0.53, in Q2 2025.
  • Net premiums earned fell 11.1% to $69.7 million, and gross premiums written fell 5.3% to $216.3 million.
  • Combined ratio rose to 74.3% from 60.6%, and the underlying combined ratio rose to 68.7% from 62.2%, which the company attributed partly to $3.1 million in current-year catastrophe losses.
  • Book value per share was $7.21 at June 30, 2026, up from $6.00 a year earlier, and no dividends were declared.

The filing

CompanyAMERICAN COASTAL INSURANCE Corp (ACIC)
Form8-K, current report
Filed with the SECAug 5, 2026, 4:01 PM ET
Accession number0001401521-26-000035

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.