ACIC Reports Financial Results for Its Fourth Quarter and Year Ended December 31, 2024

FY24 net income $75.7M. EPS $1.54. Combined ratio 67.5%.

American Coastal Insurance Corporation reported net income of $75.7 million for the year ended December 31, 2024, or $1.54 per diluted share. The full-year combined ratio was 67.5%.

Fourth quarter net income was $4.9 million ($0.10 diluted), with a combined ratio of 91.9% reflecting Hurricane Milton losses.

Full results, including reconciliations of non-GAAP measures to the nearest GAAP measures, appear in the earnings release furnished on Form 8-K and in the Form 10-K for the year.

Related SEC filings on EDGAR