NASDAQ$ACIC
American Coastal Insurance Corporation · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Reported financial results for the second quarter ended June 30, 2021.
United Insurance Holdings Corp. reported a net loss attributable to the Company for the second quarter of 2021 was $23.5 million, or $0.55 per diluted share, compared to net income of $24.3 million, or $0.56 per diluted share, for the second quarter of 2020. The change in earnings was primarily driven by a decrease in revenue during the second quarter of 2021 compared to the second quarter of 2020.
- Net loss attributable to the Company for the second quarter of 2021 was $23.5 million, or $0.55 per diluted share.
- Total gross written premium decreased by $13.2 million, or 3.0%, to $426.4 million for the second quarter of 2021.
- Loss and LAE increased by $16.4 million, or 16.1%, to $118.1 million for the second quarter of 2021.
- Book value per common share decreased 14.6% from $9.19 at December 31, 2020, to $7.85 at June 30, 2021.
Headline financials
Revenue & EPS history
American Coastal Insurance · Revenue · Quarterly
$155M
Forward guidance
The second quarter results reflect execution of our ongoing 2021 transition plan, in which we pivot to dramatically reduced named and non-named catastrophe retentions and increased quota share reinsurance protection. These all drive a significant increase in reinsurance spend, which reduces our margin during transition, but is priced into the portfolio going forward.
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 2021
-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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