0001401521-26-000015
SEC filingAmerican Coastal Insurance Corporation (ACIC) reported strong financial results for fiscal year 2025, ending December 31, 2025. The company generated total revenue of $335.4 million, primarily driven by net premiums earned of $306.9 million and net investment income of $22.2 million. Net income reached $106.8 million, with comprehensive income totaling $115.3 million. The company maintained solid profitability with income before income taxes of $142.7 million. ACIC's balance sheet shows total assets of $1.07 billion, with $292.9 million in cash and cash equivalents, and total stockholders' equity of $317.6 million. Operating cash flow was positive at $71.0 million, while investing activities generated $620,000. The company's capital position remains strong with a debt-to-equity ratio of approximately 0.47 based on notes payable of $149.4 million against stockholders' equity of $317.6 million.
American Coastal Insurance Corporation (ACIC) delivered robust financial performance for fiscal year 2025, ending December 31, 2025. The company reported total revenue of $335.4 million, with net premiums earned contributing $306.9 million of this total. Net investment income added $22.2 million, while net realized investment gains contributed $1.4 million and net unrealized gains on equity securities added $5.0 million. The company achieved net income of $106.8 million, derived from income before income taxes of $142.7 million after accounting for a $35.9 million provision for income taxes. Comprehensive income totaled $115.3 million, including $9.8 million in change in net unrealized gains on investments. Basic and diluted earnings per share from continuing operations were both $2.00.
The company's revenue structure shows a strong insurance focus with net premiums earned of $306.9 million representing the majority of total revenue. This was derived from gross premiums written of $612.5 million, adjusted for a $35.7 million change in gross unearned premiums to arrive at gross premiums earned of $648.3 million, then reduced by ceded premiums earned of $341.4 million. Investment activities contributed significantly with $22.2 million in net investment income, supplemented by $1.4 million in net realized investment gains and $5.0 million in net unrealized gains on equity securities. Other revenue was reported as $0, indicating the company's revenue streams are concentrated in insurance premiums and investment returns.
The company maintained strong profitability with total expenses of $195.2 million against total revenue of $335.4 million. The largest expense categories were policy acquisition costs at $97.8 million, losses and loss adjustment expenses at $46.0 million, and general and administrative expenses at $40.5 million. Interest expense totaled $10.8 million. This expense structure resulted in income before other income of $140.3 million, which increased to $142.7 million after including other income of $2.5 million. The company's effective tax rate was approximately 25.2% based on the $35.9 million provision for income taxes against $142.7 million in income before taxes.
Operating activities generated $71.0 million in cash flow, starting from net income of $106.8 million and adjusting for non-cash items including $6.6 million in depreciation and amortization, $4.3 million in stock-based compensation, and $5.0 million in net unrealized gains on equity securities. Significant changes in operating assets and liabilities included a $135.3 million decrease in reinsurance recoverable on paid and unpaid losses and a $156.5 million decrease in unpaid losses and loss adjustment expenses. Investing activities generated $620,000, with $163.9 million in proceeds from investment sales and maturities offset by $167.3 million in investment purchases. The balance sheet shows total assets of $1.07 billion, including $354.9 million in total investments and $292.9 million in cash and cash equivalents. Total liabilities were $755.2 million, with notes payable of $149.4 million and stockholders' equity of $317.6 million.
The filing does not contain specific forward-looking guidance, management projections, or explicit strategic priorities for future periods. The document focuses on historical financial results for fiscal year 2025 without providing quantitative or qualitative outlook information. Risk factors and future expectations typically found in the Management's Discussion and Analysis section are not included in the provided financial data. Investors should refer to the complete 10-K filing for comprehensive risk disclosures and management commentary on future prospects.