NASDAQ$ACIC
American Coastal Insurance Corporation · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Reported financial results for the second quarter ended June 30, 2020.
United Insurance Holdings Corp. reported a net income of $24.3 million, or $0.56 per diluted share, for the second quarter of 2020, compared to a net loss of $2.9 million, or $(0.07) per diluted share, for the second quarter of 2019. The increase in net income was primarily due to an increase in unrealized gains on equity securities, in conjunction with a decrease in loss and loss adjustment expenses (LAE) and a decrease in policy acquisition costs.
- The Company's total gross written premium decreased by $10.1 million, or (2.2)%, to $439.7 million.
- Loss and LAE decreased by $14.6 million, or 12.6%, to $101.7 million.
- Policy acquisition costs decreased by $9 million, or 14.6%, to $52.6 million.
- Book value per share increased 5.0% from $11.69 at December 31, 2019, to $12.27 at June 30, 2020.
Headline financials
Revenue & EPS history
American Coastal Insurance · Revenue · Quarterly
$216M
Forward guidance
A hardening property insurance market provides UPC with a great opportunity to be more selective and optimize our risk portfolio for long-term profitability, so that’s what we intend to focus on.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
-0.9%
Avg return
Earnings day
+1.8%
Avg return
5 days after
-0.5%
Avg return
30 days after
44%
27 / 62 earnings
Positive
+28.7%
Q3 2023
Best reaction
-43.9%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.6% | -0.7% | -4.9% | |
| Q4 2025 | -2.3% | +1.3% | -0.6% | |
| Q3 2025 | -1.7% | -2.9% | -2.3% | |
| Q1 2025 | +2.5% | -4.0% | -6.1% | |
| Q4 2024 | -4.3% | +0.7% | -9.1% | |
| Q3 2024 | -1.5% | +4.5% | +10.1% | |
| Q2 2024 | -3.3% | -9.8% | -6.8% | |
| Q1 2024 | -3.1% | +4.9% | -2.1% | |
| Q3 2023 | +28.7% | +10.5% | +19.6% | |
| Q2 2023 | -8.8% | -8.0% | -6.1% | |
| Q4 2022 | -43.9% | +35.8% | +5.0% | |
| Q1 2023 | -43.9% | -15.9% | +64.8% | |
| Q3 2022 | -11.2% | -12.8% | -12.8% | |
| Q2 2022 | -3.8% | +3.8% | -10.4% | |
| Q1 2022 | -4.3% | -8.2% | -30.4% | |
| Q4 2021 | +0.6% | +2.9% | -15.5% | |
| Q3 2021 | +17.6% | +10.3% | +2.1% | |
| Q2 2021 | -3.3% | -6.8% | -12.7% | |
| Q1 2021 | +5.0% | +2.5% | -22.8% | |
| Q4 2020 | +0.0% | +0.6% | -5.6% | |
| Q3 2020 | -8.0% | +9.7% | +0.0% | |
| Q2 2020 | +17.2% | +24.1% | -0.7% | |
| Q1 2020 | -5.5% | -6.2% | -0.2% | |
| Q4 2019 | +4.2% | -3.7% | +4.1% | |
| Q3 2019 | +5.4% | +8.4% | -1.4% | |
| Q2 2019 | +3.5% | +7.7% | +7.2% | |
| Q1 2019 | +3.1% | +2.6% | -3.6% | |
| Q4 2018 | -1.7% | -4.5% | -2.2% | |
| Q3 2018 | +3.8% | +4.2% | +0.0% | |
| Q2 2018 | -1.6% | -1.0% | -1.3% | |
| Q1 2018 | -2.9% | -4.9% | -1.5% | |
| Q4 2016 | +0.2% | -2.7% | -0.2% | |
| Q4 2017 | +0.2% | +6.7% | +5.7% | |
| Q3 2017 | +0.2% | +0.5% | +5.1% | |
| Q2 2017 | +3.6% | +5.7% | -9.4% | |
| Q1 2017 | -2.8% | -3.3% | -3.2% | |
| Q3 2016 | +10.4% | +21.3% | +31.4% | |
| Q2 2016 | -1.6% | -4.5% | -0.5% | |
| Q1 2016 | -2.0% | — | — | |
| Q4 2015 | -3.1% | — | — | |
| Q3 2015 | +6.0% | — | — | |
| Q2 2015 | -3.2% | — | — | |
| Q1 2015 | +3.7% | — | — | |
| Q4 2014 | +0.6% | — | — | |
| Q3 2014 | +6.1% | — | — | |
| Q2 2014 | +0.8% | — | — | |
| Q1 2014 | +3.0% | — | — | |
| Q4 2011 | -6.1% | — | — | |
| Q4 2013 | -6.1% | — | — | |
| Q3 2013 | -2.5% | — | — | |
| Q2 2013 | -1.8% | — | — | |
| Q1 2013 | +0.7% | — | — | |
| Q4 2009 | +5.1% | — | — | |
| Q3 2012 | +2.1% | — | — | |
| Q2 2012 | -1.0% | — | — | |
| Q1 2011 | -5.9% | — | — | |
| Q1 2012 | +0.0% | — | — | |
| Q3 2011 | +1.2% | — | — | |
| Q3 2010 | +1.2% | — | — | |
| Q4 2010 | +0.0% | — | — | |
| Q2 2011 | +0.0% | — | — | |
| Q2 2010 | +0.0% | — | — |
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