American Coastal Insurance Corporation · NASDAQ:ACIC
American Coastal Insurance — Q1 2026 Earnings Presentation
14 slides from American Coastal Insurance's earnings presentation, May 5, 2026
Slide 1: Earnings Presentation 1st Quarter 2026
Earnings Presentation 1st Quarter 2026 May 5, 2026
Slide 2: Company Overview
Company Overview ACIC is a specialty underwriter of catastrophe exposed commercial property insurance. American Coastal Insurance Corp. (Nasdaq: ACIC) is the insurance ACIC as of March 31, 2026 holding company for American Coastal Insurance Company (AmCoastal), a Florida domiciled P&C carrier, and S
Slide 3: Executive Summary
Executive Summary • 1Q-26 Results • Non-GAAP Core Income of $19.3m ($0.39) decreased -$1.3m (-7%) from $20.7m ($0.42) y/y due to modest reduction in gross earned premiums as we maintain underwriting discipline in a softening commercial catastrophe property environment. • Net premiums earned declined
Slide 4: 1Q-26 Financial Scorecard
1Q-26 Financial Scorecard Earnings and Return on Equity Continue to be Strong in the First Quarter. Core Earnings per Share (CEPS) Combined Ratio (CR) 1Q-26 = $0.39 1Q-26 = 66.0% vs. vs. Analysts’ Avg Est. = $0.44 Analysts’ Avg Est. = 66.2% Book Value per Share (BVPS) Core Return on Equity (CROE) 1Q
Slide 5: 1Q-26 Summary of Key Results
1Q-26 Summary of Key Results Earnings and Margins Remained Intact as the Market Continues to Soften. 5
Slide 6: 1Q-26 Operating Overview
1Q-26 Operating Overview Revenues are flat YoY as the Market Continues to Soften, but Profitability and Margin Remain Strong. While revenues decreased year-over-year, expenses moved in tandem with this decrease. Excluding a one-time benefit of $1.5 million in Q1 2025, operating expense would have de
Slide 7: Balance Sheet Highlights
Balance Sheet Highlights Book value continues to grow, and liquidity remained strong in the first quarter of 2026. 7
Slide 8: Liquidity and Book Value Trends
Liquidity and Book Value Trends The Company continues to build its liquidity position and book value through earnings. Cash & Invested Assets Book Value Per Share $726.2 $695.0 $6.71 $6.51 $6.86 $647.7 $568.8 $599.4 $6.00 $572.6 $571.1 $5.40 $504.5 $540.8 $5.38 $4.89 $4.63 $4.27 $369.0 $3.61 $286.9
Slide 9: Investment Portfolio Overview
Investment Portfolio Overview • The Company continues to keep significant cash on hand as yields • The Company’s high quality fixed income investments remain strong and invest funds as the Company’s risk appetite provide steady investment income with minimal risk. dictates. 9
Slide 10: Historical Pricing Environment
Historical Pricing Environment Pricing still above historical mean & with reinsurance costs decreasing, ACIC can earn good margins. Generational Hard Market Technical Price Level Normalized ROE Meaningful Reforms Implemented in FL 10
Slide 11: Core CAT Program – Effective 6.1.26
Core CAT Program – Effective 6.1.26 11
Slide 12: Core CAT Placement Progression
Core CAT Placement Progression Significant improvement in costs from 2023 – 2026 while also achieving improved coverage (i.e. all perils, multi-year, cascading coverage). 12
Slide 13: Excess Per Risk Program – Effective 4.1.26
Excess Per Risk Program – Effective 4.1.26 Structure Illustration Excess Per Risk Program Highlights $45M • 4/1/26 Per Risk and Auto FAC Program • All Perils Coverage (excludes Named Storm) Auto-Fac $35M xs $10M • Retention: $4,250,000 2x Occ. Limit • Deposit Premium: $3,812,500 Free and Unlimited R
Slide 14: Cautionary Statements
Cautionary Statements This presentation and the accompanying remarks contain "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward looking statements include expectations regarding our diversification, growth opportunities, retent
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