AMERICAN COASTAL INSURANCE Corp (ACIC) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
570 CARILLON PARKWAY SAINT PETERSBURG, FL 33716 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6331 - Fire, Marine, and Casualty Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 233,724 | 168,317 | 268,913 | 249,982 | 239,420 | 215,469 | |||
| Cash and cash equivalent | 196,930 | 168,317 | 229,893 | 212,024 | 239,420 | 215,469 | |||
| Short-term investments | 36,794 | 39,020 | 37,958 | ||||||
| Total current assets: | 233,724 | 168,317 | 268,913 | 249,982 | 239,420 | 215,469 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 51 | 477 | 1,214 | 1,263 | |||||
| Operating lease, right-of-use asset | 1,278 | 1,689 | 2,168 | 335 | |||||
| Property, plant and equipment | 5,736 | 3,658 | 19,591 | 31,561 | 34,187 | 32,728 | |||
| Long-term investments and receivables | 16,628 | 18,006 | 47,595 | 10,252 | |||||
| Long-term investments | 16,628 | 18,006 | 47,595 | 10,252 | |||||
| Intangible assets, net (including goodwill) | 5,908 | 9,323 | 72,246 | 91,420 | 94,975 | 99,124 | |||
| Goodwill | 59,476 | 73,045 | 73,045 | 73,045 | |||||
| Intangible assets, net (excluding goodwill) | 5,908 | 9,323 | 12,770 | 18,375 | 21,930 | 26,079 | |||
| Total noncurrent assets: | 11,644 | 12,981 | 109,794 | 143,153 | 180,139 | 143,702 | |||
| Other undisclosed assets | 970,744 | 879,085 | 2,458,789 | 2,305,438 | 2,429,382 | 2,108,047 | |||
| TOTAL ASSETS: | 1,216,112 | 1,060,383 | 2,837,496 | 2,698,573 | 2,848,941 | 2,467,218 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 152,473 | 156,561 | 158,041 | 158,932 | |||||
| Long-term debt, excluding current maturities | 152,473 | 156,561 | 158,041 | 158,932 | |||||
| Total noncurrent liabilities: | 152,473 | 156,561 | 158,041 | 158,932 | |||||
| Other undisclosed liabilities | 980,452 | 891,618 | 2,867,062 | 2,210,055 | 2,273,301 | 1,784,421 | |||
| Total liabilities: | 980,452 | 891,618 | 3,019,535 | 2,366,616 | 2,431,342 | 1,943,353 | |||
| Equity | |||||||||
| Equity, attributable to parent | 235,660 | 168,765 | (182,039) | 312,406 | 395,753 | 503,138 | |||
| Common stock | 5 | 5 | 4 | 4 | 4 | 4 | |||
| Treasury stock, value | (431) | (431) | (431) | (431) | (431) | (431) | |||
| Additional paid in capital | 436,524 | 423,717 | 395,631 | 394,268 | 393,122 | 391,852 | |||
| Accumulated other comprehensive income (loss) | (15,666) | (17,137) | (30,947) | (6,531) | 9,693 | 11,319 | |||
| Retained earnings (accumulated deficit) | (184,772) | (237,389) | (546,296) | (74,904) | (6,635) | 100,394 | |||
| Equity, attributable to noncontrolling interest | 19,551 | 21,846 | 20,727 | ||||||
| Total equity: | 235,660 | 168,765 | (182,039) | 331,957 | 417,599 | 523,865 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,216,112 | 1,060,383 | 2,837,496 | 2,698,573 | 2,848,941 | 2,467,218 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 296,657 | 286,543 | 455,422 | 634,527 | 846,656 | 825,116 | ||
| Premiums earned, net | ||||||||
| Cost of revenue | (152,305) | (156,849) | (800,274) | (604,189) | (852,688) | (813,531) | ||
| Policyholder benefits and claims incurred, net | (69,319) | |||||||
| Deferred policy acquisition costs, amortization expense | (70,990) | (83,346) | (156,089) | (173,574) | (236,002) | (238,268) | ||
| Gross profit: | 144,352 | 129,694 | (344,852) | 30,338 | (6,032) | 11,585 | ||
| Operating expenses | (44,756) | (39,962) | (110,024) | (114,379) | (126,145) | (44,310) | ||
| Operating income (loss): | 99,596 | 89,732 | (454,876) | (84,041) | (132,177) | (32,725) | ||
| Nonoperating income (Other Nonoperating income) | 2,063 | 2,239 | 10,395 | 184 | 74 | 119 | ||
| Interest and debt expense | (10,875) | (9,613) | (9,391) | (9,582) | (9,781) | |||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 9,582 | 9,781 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 101,659 | 81,096 | (454,094) | (93,248) | (132,103) | (32,606) | ||
| Other undisclosed income from continuing operations before income taxes | 10,875 | 9,613 | 9,391 | |||||
| Income (loss) from continuing operations before income taxes: | 101,659 | 91,971 | (444,481) | (83,857) | (132,103) | (32,606) | ||
| Income tax expense (benefit) | (25,340) | (9,773) | (25,485) | 23,989 | 36,605 | 3,121 | ||
| Income (loss) from continuing operations: | 76,319 | 82,198 | (469,966) | (59,868) | (95,498) | (29,485) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (59,868) | (95,498) | (29,485) | |
| Other undisclosed net income (loss) | (601) | 227,713 | ||||||
| Net income (loss): | 75,718 | 309,911 | (469,966) | (59,868) | (95,498) | (29,485) | ||
| Net income (loss) attributable to noncontrolling interest | 111 | 1,949 | (956) | (387) | ||||
| Other undisclosed net income attributable to parent | ||||||||
| Net income (loss) available to common stockholders, diluted: | 75,718 | 309,911 | (469,855) | (57,919) | (96,454) | (29,872) | ||
Comprehensive Income ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 75,718 | 309,911 | (469,966) | (59,868) | (95,498) | (29,485) | ||
| Other comprehensive income (loss) | 49 | 5,264 | 502 | (6,588) | ||||
| Other undisclosed comprehensive income (loss) | 3,479 | 12,806 | (24,518) | (21,834) | (1,965) | 27,138 | ||
| Comprehensive income (loss): | 79,197 | 322,717 | (494,435) | (76,438) | (96,961) | (8,935) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 164 | 2,295 | (1,119) | (588) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | 79,197 | 322,717 | (494,271) | (74,143) | (98,080) | (9,523) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.