American Coastal Insurance Corporation · NASDAQ:ACIC
American Coastal Insurance — Q2 2026 Earnings Presentation
17 slides from American Coastal Insurance's earnings presentation, Aug 5, 2026
Slide 1: Earnings Presentation Second Quarter 2026
Earnings Presentation Second Quarter 2026 Quarter Ended June 30, 2026
Slide 2: Forward-Looking Statements & Non-GAAP Measures
Forward-Looking Statements & Non-GAAP Measures 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, gro
Slide 3: The Investment Case
The Investment Case ACIC is a disciplined, high-return specialty underwriter compounding book value through the cycle 1 Leading Franchise The #1 admitted commercial-residential insurer in Florida, profitable every year since 2007.¹ 2 Discipline & Returns Mid-20s ROE and a 68.6% underlying combined r
Slide 4: The Leading Florida Franchise
The Leading Florida Franchise The #1 admitted commercial-residential insurer in Florida, profitable every year since 2007. How the business is built • AmCoastal: the balance-sheet carrier, with the #1 admitted #1 ~4,450 commercial-residential share in Florida. FL commercial-residential Policies in f
Slide 5: Second Quarter 2026 Financial Scorecard
Second Quarter 2026 Financial Scorecard Another profitable quarter: margin and returns continue to be strong during the soft market cycle. Core EPS Return on Equity Combined Ratio $0.33 26.6% 74.3% 2Q-25: $0.54 2Q-25: 41.1% 2Q-25: 60.6% Book Value / Share Tangible Book Value / Share Underlying Combi
Slide 6: Managing the Cycle
Managing the Cycle We are prioritizing underwriting margin over top-line growth, and the returns show it is working. The market is softening Our discipline is working • Gross written premium down 5.3% year-over-year, on a ~24% • Underlying combined ratio held at 68.7%, an uptick from 62.2% decline i
Slide 7: Second Quarter 2026 Results
Second Quarter 2026 Results Core income of $16.5M and a 68.7% underlying combined ratio, in line with our targets. Earnings Combined Ratio Reconciliation 2Q-26 2Q-25 2Q-26 2Q-25 Net premiums earned $69.7M $78.5M Net loss & LAE ratio 27.0% 19.8% Total revenue $82.6M $86.5M Net expense ratio 47.3% 40.
Slide 8: Compounding Book Value & Returning Capital
Compounding Book Value & Returning Capital Book value compounding ~43% over three years, aligned ownership and capital returned. Book Value per Share Alignment & Capital Return $8 • ~50% owned by directors and officers. $7 • Special dividends of $0.50 (2024) and $0.75 (2025). $6 • Debt-to-total-capi
Slide 9: Strong Catastrophe Protection
Strong Catastrophe Protection A severe hurricane year is expected to be an earnings event, not a capital event. June 1, 2026 Renewal Outcome Managing Net Premiums • ~$1.68B of total per-occurrence limit placed. • Quota share cession stepped down from 20% to 15% effective June 1, 2025. • Reinsurer pa
Slide 10: A Credible Path to Specialty E&S Growth
A Credible Path to Specialty E&S Growth Broadening beyond Florida, without chasing underpriced business. LIVE NOW Lever 1: AmRisc E&S Participation 2027 Lever 2: ACES & Skyway Platform • Quota share supporting AmRisc’s nationwide E&S commercial • ACES specialty carrier is pending approval in Arizona
Slide 11: High-Quality Investment Portfolio
High-Quality Investment Portfolio A short-duration, high quality portfolio adding steady, low-risk investment income. Asset composition ($M) 2.3 yrs 4.33% 3% Portfolio duration Yield-to-Maturity 9% 49% 39% 81.7% A+ Rated A or higher Composite rating Cash Fixed income Equities Other Total cash & inve
Slide 12: In Summary
In Summary Q2 confirms the case: disciplined, high-return, well-protected, aligned and building growth. 1 Leading Franchise #1 admitted commercial-residential share; profitable every year since 2007. 2 Discipline & Returns 68.7% Underlying combined ratio and 26.6% return on equity. 3 Catastrophe Pro
Slide 13: Detailed Financials
Detailed Financials Summary of key results · Operating overview · Balance sheet · Liquidity & book value trends · Investment portfolio · Pricing environment 13
Slide 14: 2Q-26 & 1H-26 Summary of Key Results
2Q-26 & 1H-26 Summary of Key Results The softening market has put pressure on margins, but we remain in line with our target. 14
Slide 15: 2Q-26 Operating Overview
2Q-26 Operating Overview The softening market continues to impact the book, but results remain strong. Revenue and earnings are under pressure as the market continues to soften, but we anticipate our June 1, 2026 renewal will stabilize revenues in future periods. 15
Slide 16: Balance Sheet Highlights
Balance Sheet Highlights Book value continues to grow, and liquidity remains strong. 16
Slide 17: Historical Pricing Environment
Historical Pricing Environment We continue to see pricing decrease but remain above historical mean and moving commensurate with reinsurance pricing. Generational Hard Market Technical Price Level Normalized ROE Meaningful Reforms Implemented in FL 17
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