AMERICAN COASTAL INSURANCE Corp financial data

Symbol
ACIC on Nasdaq
Industry
Fire, Marine & Casualty Insurance
Location
800 2 Nd Ave S, Saint Petersburg, Florida
State of incorporation
Delaware
Fiscal year end
December 31
Former names
UNITED INSURANCE HOLDINGS CORP. (to 6/26/2023), FMG ACQUISITION CORP (to 9/24/2008)
Latest financial report
10-Q - Q2 2024 - Aug 8, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 8.51K % +816%
Return On Equity 252 %
Return On Assets 5.87 %
Operating Margin 24.9 % +63.4%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 48.1M shares +10.9%
Common Stock, Shares, Outstanding 48.1M shares +10.9%
Entity Public Float 89.8M USD +187%
Common Stock, Value, Issued 5K USD +25%
Weighted Average Number of Shares Outstanding, Basic 47.8M shares +10.6%
Weighted Average Number of Shares Outstanding, Diluted 49.4M shares +12.8%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 68.7M USD -6.64%
General and Administrative Expense 9.9M USD +54.3%
Costs and Expenses 44.6M USD -14.2%
Operating Income (Loss) 24.1M USD +11.5%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 24.9M USD +11.1%
Income Tax Expense (Benefit) 5.81M USD +404%
Net Income (Loss) Attributable to Parent 67.5M USD +7.17%
Earnings Per Share, Basic 1.41 USD/shares -2.44%
Earnings Per Share, Diluted 1.3 USD/shares -4.88%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 229M USD +726%
Other Long-term Investments 31.1M USD +768%
Property, Plant and Equipment, Net 9.1M USD +103%
Operating Lease, Right-of-Use Asset 63K USD -93%
Intangible Assets, Net (Excluding Goodwill) 7.13M USD -34.9%
Goodwill 59.5M USD 0%
Assets 1.31B USD -9.25%
Deferred Income Tax Liabilities, Net 177K USD
Liabilities 1.09B USD -18.3%
Accumulated Other Comprehensive Income (Loss), Net of Tax -19.1M USD +9.13%
Retained Earnings (Accumulated Deficit) -194M USD +26.1%
Stockholders' Equity Attributable to Parent 223M USD +98.5%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 169M USD
Liabilities and Equity 1.31B USD -9.25%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 124M USD
Net Cash Provided by (Used in) Financing Activities 11.4M USD
Net Cash Provided by (Used in) Investing Activities -2.01M USD +94.6%
Common Stock, Shares Authorized 100M shares 0%
Common Stock, Shares, Issued 48.3M shares +10.8%
Common Stock, Par or Stated Value Per Share 0 USD/shares
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 262M USD +239%
Interest Paid, Excluding Capitalized Interest, Operating Activities 0 USD
Deferred Tax Assets, Valuation Allowance 56.5M USD -59.7%
Deferred Tax Assets, Gross 17.8M USD -18.7%
Operating Lease, Liability 67K USD -94.3%
Payments to Acquire Property, Plant, and Equipment 0 USD -100%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 323M USD
Lessee, Operating Lease, Liability, to be Paid 834K USD -52.3%
Property, Plant and Equipment, Gross 16.5M USD +78.9%
Lessee, Operating Lease, Liability, to be Paid, Year Two 226K USD -61.7%
Lessee, Operating Lease, Liability, to be Paid, Year One 597K USD -35.6%
Operating Lease, Weighted Average Discount Rate, Percent 0.03 Rate 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 58K USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year Three 11K USD -95%
Deferred Tax Assets, Operating Loss Carryforwards 4.3M USD -96.2%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 1M shares 0%
Unrecognized Tax Benefits 666K USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 0 USD -100%
Additional Paid in Capital 436M USD +10.2%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 3.05M USD -6.19%
Depreciation, Depletion and Amortization 2.12M USD -49.5%
Interest Expense 3.43M USD +26%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares