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Sep 30, 2024
American Coastal Insurance Q3 2024 Earnings Report
American Coastal Insurance reported financial results for the third quarter ended September 30, 2024.
Key Takeaways
American Coastal Insurance Corporation reported a strong third quarter, with increased returns on equity and a combined ratio lower than 60%. Total revenue was $82.1 million, a 56% increase year-over-year.
Net income for the third quarter of 2024 was $28.1 million, or $0.57 per diluted share, compared to $10.6 million, or $0.24 per diluted share, for the third quarter of 2023.
Total revenue was $82.1 million, a 56% increase year-over-year.
The company reported increased returns on equity and combined ratios lower than 60%.
Book value per common share increased 49.0% from $3.61 at December 31, 2023, to $5.38 at September 30, 2024.
Revenue by Geographic Location
Forward Guidance
American Coastal Insurance Corporation will host its 2024 Investor Day on Wednesday, December 4, 2024 from 11:00 A.M. ET.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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