American Coastal Insurance Corporation reported a strong second quarter for 2025, with net income reaching $26.4 million, or $0.53 per diluted share, an increase from $19.1 million, or $0.39 per diluted share, in the same quarter of 2024. Total revenue rose by 25.9% to $86.5 million from $68.7 million year-over-year. Key drivers of this financial performance included increased gross premiums earned and decreased ceded premiums earned, which contributed to the overall rise in revenues. Despite a $1.1 million decrease in total gross written premium to $228.3 million, the company maintained profitability due to disciplined cost management, as evidenced by decreased general and administrative expenses offsetting increased policy acquisition costs. Income from continuing operations, net of tax, for the second quarter was $28 million, up from $19.1 million in the previous year, reflecting a 47% increase. However, the company reported a net loss from discontinued operations of $1.6 million during this period, compared to a $19 thousand loss in the second quarter of 2024. CEO B. Bradford Martz expressed satisfaction with the company's performance, noting the growth in market share within the commercial residential segment. Recent credit rating upgrades from Kroll Bond Rating Agency further underscore the positive outlook for American Coastal.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. American Coastal Insurance Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-103972), on August 06, 2025, and is solely responsible for the information contained therein.
Comments