NASDAQ$ACIC
American Coastal Insurance Corporation · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
American Coastal Insurance reported financial results for the third quarter ended September 30, 2023.
American Coastal Insurance Corporation reported a net income of $10.6 million for Q3 2023, a significant improvement compared to a net loss of $70.9 million in Q3 2022. The company's book value per share increased to $2.78, and the core return on equity from continuing operations was 170.3%.
- Net income attributable to the company for the third quarter of 2023 was $10.6 million, or $0.24 per diluted share.
- Total gross written premium increased by 0.7% to $103.9 million for the third quarter of 2023.
- Loss and LAE decreased by $39.0 million, or 73.9%, to $13.8 million for the third quarter of 2023.
- Pre-tax earnings attributable to the Company's commercial lines operating segment totaled $25.9 million for the third quarter of 2023 compared to $1.8 million for the third quarter of 2022.
Headline financials
Revenue & EPS history
American Coastal Insurance · Revenue · Quarterly
$2.92M
Forward guidance
The press release does not contain specific forward guidance. Therefore, this section is left blank.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2023
-0.9%
Avg return
Earnings day
+1.8%
Avg return
5 days after
-0.3%
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 | -2.9% | -1.1% | — | |
| 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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