American Coastal Insurance Corp

Atlas Crest Investment Corp. is a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on August 26, 2020 and is headquartered in New York, NY. Redemption Price: 10. Warrant Coverage: 1/3.

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American Coastal Insurance Corp (ACIC) reports strong Q1 performance

American Coastal Insurance Corp (ACIC) delivered a robust performance in Q1 2024, marked by strong earnings and strategic leadership team enhancements. While facing challenges in commercial competition and cost management, ACIC is well-positioned to seize opportunities in optimizing underwriting strategies and capitalizing on market trends.

American Coastal Insurance Corp reports strong Q2 performance and growth opportunities

ACIC's Q2 2024 performance reflects strong financial results, strategic decisions, and a positive outlook for the full year, underpinned by growth in premium earnings and liquidity.
While challenges like potential impacts from recent events and market dynamics exist, ACIC's strengths in risk management and operational efficiency provide a solid foundation for future growth.
Opportunities lie in expanding business through the upcoming Citizens commercial residential takeout and focusing on innovation and partnerships to drive sustained growth and competitiveness.

American Coastal Insurance Corp reports solid Q3 performance amid hurricane challenges

American Coastal Insurance Corp (ACIC) demonstrated resilience and growth in Q3 2024 amidst hurricane challenges.
The company's financial performance, expansion initiatives, and strong balance sheet position it well for future opportunities.
While facing hurricane-related losses, ACIC's profitability, market competitiveness, and strategic outlook remain positive.

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American Coastal Insurance Corp. engages in the residential personal and commercial property and casualty insurance business. It offers insurance relating to homeowners, landlord and seasonal, condominium, flood, renters, and commercial residential. It operates through the Personal Residential Property and Casualty Insurance Policies (Personal Lines), and Commercial Residential Property and Casualty Insurance Policies (Commercial Lines) segments. The company was founded on May 1, 2007 and is headquartered in St. Petersburg, FL.

The Special Purpose Acquisition Company (SPAC) begins trading publicly. During this phase, the SPAC looks for a target company to merge with.

SEARCHING PHASE

The SPAC announces which company it will be acquiring (and taking public).

PREVIOUS PHASE

Investors and shareholders will meet to approve the acquisition.

CURRENT PHASE

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American Coastal Insurance Corporation (ACIC) Q3 2024 Earnings Call Transcript

American Coastal Insurance (ACIC) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.34 per share a year ago.

American Coastal Insurance (ACIC) Surpasses Q3 Earnings Estimates

ST. PETERSBURG, Fla., Nov. 04, 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 (“AmCoastal”), will host their 2024 Virtual Investor Day on Wednesday, December 4, 2024, at 11:00 a.m. Eastern Time.

American Coastal Insurance Corporation to Host Their 2024 Virtual Investor Day on December 4th at 11:00 a.m. ET

American Coastal (ACIC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

American Coastal Insurance (ACIC) Earnings Expected to Grow: Should You Buy?

ST. PETERSBURG, Fla., Oct. 23, 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 (“AmCoastal”), announced estimated hurricane losses for the 2024 third and fourth quarters. The Company also expects to release its financial results for the third quarter ended September 30, 2024, on Wednesday, November 6, 2024, after the close of the market, and will conduct its quarterly conference call at 5:00 p.m. ET.

American Coastal Insurance Corporation Provides Hurricane Loss Updates and Schedules Release of Third Quarter 2024 Financial Results and Conference Call

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The storm avoided a direct strike on Tampa, which is home to three million residents.

Hurricane Milton Did Less Damage Than Feared. Insurance Stocks Rally.

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Florida insurers battled back early Thursday as Hurricane Milton made landfall after the stocks booked significant declines earlier this week.

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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 Corporation (ACIC) Q2 2024 Earnings Call Transcript

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.

American Coastal Insurance (ACIC) Q2 Earnings Top Estimates

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 Corporation Schedules Second Quarter 2024 Financial Results and Conference Call

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.

American Coastal Insurance: A Remarkable Comeback

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--American Coastal Insurance Corporation (Nasdaq Ticker: ACIC) (“the Company”, “American Coastal” or “ACIC”) the insurance holding company of American Coastal Insurance Company (“AmCoastal”) announced today that AmCoastal has entered a five-year extension of its exclusive Managing Agency Contract (the “MGA Agreement”) with AmRisc, LLC effective June 1, 2024, and expiring January 1, 2029, subject to regulatory approval. The MGA agreement remains mutually excl.

American Coastal Insurance Corporation Announces a Five-Year Extension of Its Exclusive MGA Agreement With AmRisc and the Election of Two New Directors to Its Insurance Subsidiary

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

Is American Coastal Insurance Corporation (ACIC) Outperforming Other Finance Stocks This Year?

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

Has American Coastal Insurance Corporation (ACIC) Outpaced Other Finance Stocks This Year?

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American Coastal (ACIC), Hamilton Insurance (HG) and Oscar Health (OSCR) are three insurance stocks that you can look into as interest rates stay higher for longer.

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American Coastal (ACIC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Will American Coastal (ACIC) Gain on Rising Earnings Estimates?

American Coastal (ACIC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About American Coastal (ACIC) Rating Upgrade to Strong Buy

Are Finance Stocks Lagging American Coastal Insurance Corporation (ACIC) 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) Q1 2024 Earnings Call Transcript

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--American Coastal Insurance Corporation (Nasdaq Ticker: ACIC) (“the Company”, “American Coastal” or “ACIC”), the insurance holding company of Interboro Insurance Company (“Interboro”), a New York domiciled insurance company, announced today that it has signed definitive agreements with Forza Insurance Holdings, LLC (“Forza”) in which ACIC will sell and Forza will acquire 100% of the issued and outstanding stock of Interboro. Closing is subject to the approv.

American Coastal Insurance Corporation Announces the Sale of Interboro Insurance Company to Forza Insurance Holdings, LLC

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--American Coastal Insurance Corporation (Nasdaq: ACIC) ("ACIC" or "the Company"), a property and casualty insurance holding company, today reported its financial results for the first quarter ended March 31, 2024. ($ in thousands, except for per share data) Three Months Ended March 31,     2024       2023     Change Gross premiums written $ 197,458     $ 187,123     5.5 % Gross premiums earned $ 168,822     $ 144,476     16.9 % Net premiums earned $ 68,730.

American Coastal Insurance Corporation Reports Financial Results for Its First Quarter Ended March 31, 2024

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--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 first quarter ended March 31, 2024, on Thursday, May 9, 2024, after the close of the market, and will conduct its quarterly conference call at 5:00 p.m. ET. The conference call will include live remarks followed.

American Coastal Insurance Corporation Schedules First Quarter 2024 Financial Results and Conference Call

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

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--American Coastal Insurance Corporation (Nasdaq: ACIC) ("ACIC" or "the Company"), a property and casualty insurance holding company, today reported its financial results for the fourth quarter and year ended December 31, 2023. ($ in thousands, except for per share data) Three Months Ended   Year Ended December 31,   December 31,     2023       2022     Change     2023       2022     Change Gross premiums written $ 135,163     $ 119,144     13.4 %   $ 670,04.

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