American Coastal Q3 net income falls 40% to $19.4 million on lower premiums earned
American Coastal Insurance reported third-quarter 2026 net income of $19.4 million, or $0.40 per diluted share, down from $32.5 million, or $0.65, a year earlier. The company said the decline came mainly from lower net premiums earned as market pricing softened, with net pricing down 25.6% year over year. For shareholders, the results show lower earnings and revenue, though gross premiums written rose 3.2% for the first time since early 2025.
Key points
- Net income $19.4 million ($0.40 per diluted share) vs. $32.5 million ($0.65) in Q3 2025, down 40.3%
- Total revenue $70.7 million, down 21.8% from $90.4 million; net premiums earned down 19.0% to $65.5 million
- Gross premiums written up 3.2% to $74.1 million; net pricing down 25.6% year over year
- Book value per share $7.52 at September 30, 2026, up from $6.51 at December 31, 2025
The filing
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 October 29, 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.