NASDAQ$ACIC
American Coastal Insurance Corporation · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported financial results for the second quarter ended June 30, 2024.
American Coastal Insurance Corporation reported a profitable second quarter in 2024, successfully placed its core catastrophe reinsurance program, and executed the final phase of its multi-year strategy to phase out personal lines operations with the sale of Interboro Insurance Company.
- Recorded a profitable second quarter for American Coastal.
- Successfully placed the core catastrophe reinsurance program, increasing the exhaustion point and limiting retention to less than one quarter's pre-tax earnings.
- Executed the final phase of the multi-year strategy to phase out personal lines operations by signing definitive agreements for the sale of Interboro Insurance Company.
- Total gross written premium decreased by 3.1% to $229.4 million.
Headline financials
Revenue & EPS history
American Coastal Insurance · Revenue · Quarterly
$68.7M
Forward guidance
The company remains focused on delivering long-term shareholder value over time and will continue to explore further opportunities to expand our product offering to meet the needs of the market.
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 2024
-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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