American Coastal Insurance Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

American Coastal Insurance (NASDAQ:ACIC) Full Year 2024 Results

Key Financial Results

• Revenue: US$296.7m (up 12% from FY 2023).
• Net income: US$76.3m (down 10% from FY 2023).
• Profit margin: 26% (down from 32% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$1.60 (down from US$1.95 in FY 2023).

ACIC Profitability Indicators

• Combined ratio: 67.5% (up from 60.9% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

American Coastal Insurance Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 7.3%. Earnings per share (EPS) missed analyst estimates by 4.3%.

Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of American Coastal Insurance's balance sheet and an in-depth analysis of the company's financial position.

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