American Coastal Insurance Corp
NASDAQ:ACIC
American Coastal Insurance Corp
United Insurance Holdings Corp. engages in the residential personal and commercial property and casualty insurance business. The company is headquartered in Saint Petersburg, Florida and currently employs 269 full-time employees. The company went IPO on 2007-10-05. Its segments include personal residential property and casualty insurance policies (personal lines) and commercial residential property and casualty insurance policies (commercial lines). Its insurance subsidiaries provide personal residential and commercial property and casualty insurance products that protect its policyholders against losses due to damage to structures and their contents. Its insurance subsidiaries also sell policies that protect against liability for accidents as well as property damage. The company primarily provides commercial multi-peril property insurance for residential condominium associations and apartments in Florida. Its subsidiaries include United Insurance Management, L.C., United Property & Casualty Insurance Company, and more.
United Insurance Holdings Corp. engages in the residential personal and commercial property and casualty insurance business. The company is headquartered in Saint Petersburg, Florida and currently employs 269 full-time employees. The company went IPO on 2007-10-05. Its segments include personal residential property and casualty insurance policies (personal lines) and commercial residential property and casualty insurance policies (commercial lines). Its insurance subsidiaries provide personal residential and commercial property and casualty insurance products that protect its policyholders against losses due to damage to structures and their contents. Its insurance subsidiaries also sell policies that protect against liability for accidents as well as property damage. The company primarily provides commercial multi-peril property insurance for residential condominium associations and apartments in Florida. Its subsidiaries include United Insurance Management, L.C., United Property & Casualty Insurance Company, and more.
Strong Profit Performance: Full year net income was $106.8 million, exceeding the initial 2025 guidance of $70 million to $90 million.
Premium Trends: Premiums written rebounded nearly 59% quarter-over-quarter, but were down 19% year-over-year due to falling rates and intentional exposure management.
Margins & Combined Ratio: The combined ratio for the year was 60.1%, with the underlying combined ratio below the 65% target at 61.5%.
Book Value Growth: Book value per share rose 33.2% to $6.51, reflecting strong underwriting and a special dividend of $0.75 per share.
E&S Expansion: The company is moving forward with its E&S growth plans, including the launch of ACES and a new partnership with AmRisc, but expects modest initial contribution in 2026.
Capital Allocation: Management continues to consider capital returns, including special dividends and potential share repurchases, but is prioritizing organic growth and balance sheet strength.
Outlook & Discipline: Management expects a challenging premium environment in 2026 but remains committed to underwriting discipline and protecting margins.
