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
Q1 2024 - May 10, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 6.16 K % +636%
Return On Equity 252 %
Return On Assets 5.6 %
Operating Margin 3.23 % -69.8%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 47.8 M shares +10.5%
Common Stock, Shares, Outstanding 47.8 M shares +10.5%
Entity Public Float 89.8 M USD +187%
Common Stock, Value, Issued 5 K USD +25%
Weighted Average Number of Shares Outstanding, Basic 47.3 M shares +9.74%
Weighted Average Number of Shares Outstanding, Diluted 49 M shares +12.4%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 73.2 M USD -19%
General and Administrative Expense 9.57 M USD +8.87%
Costs and Expenses 42.8 M USD -25%
Operating Income (Loss) 30.4 M USD -8.58%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 31.2 M USD -7.77%
Income Tax Expense (Benefit) 7.62 M USD +119%
Net Income (Loss) Attributable to Parent 66.2 M USD -91.2%
Earnings Per Share, Basic 1.42 USD/shares -91.9%
Earnings Per Share, Diluted 1.32 USD/shares -92.2%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 285 M USD +208%
Other Long-term Investments 14.2 M USD +300%
Property, Plant and Equipment, Net 10.4 M USD +119%
Operating Lease, Right-of-Use Asset 97 K USD -91.2%
Intangible Assets, Net (Excluding Goodwill) 8.51 M USD -27.6%
Goodwill 59.5 M USD 0%
Assets 1.08 B USD -25.6%
Deferred Income Tax Liabilities, Net 177 K USD
Liabilities 873 M USD -35.7%
Accumulated Other Comprehensive Income (Loss), Net of Tax -17.3 M USD +32.4%
Retained Earnings (Accumulated Deficit) -214 M USD +23.7%
Stockholders' Equity Attributable to Parent 204 M USD +127%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 169 M USD
Liabilities and Equity 1.08 B USD -25.6%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 124 M USD
Net Cash Provided by (Used in) Financing Activities 11.4 M USD
Net Cash Provided by (Used in) Investing Activities -2.01 M USD +94.6%
Common Stock, Shares Authorized 100 M shares 0%
Common Stock, Shares, Issued 48 M shares +10.4%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 306 M USD +115%
Interest Paid, Excluding Capitalized Interest, Operating Activities 0 USD
Deferred Tax Assets, Valuation Allowance 56.5 M USD -59.7%
Deferred Tax Assets, Gross 17.8 M USD -18.7%
Operating Lease, Liability 105 K USD -92.6%
Payments to Acquire Property, Plant, and Equipment 0 USD -100%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 323 M USD
Lessee, Operating Lease, Liability, to be Paid 834 K USD -52.3%
Property, Plant and Equipment, Gross 16.6 M USD +79%
Lessee, Operating Lease, Liability, to be Paid, Year Two 226 K USD -61.7%
Lessee, Operating Lease, Liability, to be Paid, Year One 597 K USD -35.6%
Operating Lease, Weighted Average Discount Rate, Percent 0.03 Rate 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 58 K USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year Three 11 K USD -95%
Deferred Tax Assets, Operating Loss Carryforwards 4.3 M USD -96.2%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 1 M shares 0%
Unrecognized Tax Benefits 666 K USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 0 USD -100%
Additional Paid in Capital 436 M USD +10%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 3.25 M USD 0%
Depreciation, Depletion and Amortization 1.87 M USD -57.9%
Interest Expense 2.72 M USD 0%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%