ACIC

EX-99.1

2 acic-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

AMERICAN COASTAL INSURANCE CORPORATION REPORTS FINANCIAL RESULTS

FOR ITS THIRD QUARTER ENDED SEPTEMBER 30, 2026

Company to Host Quarterly Conference Call at 5:00 P.M. ET on October 29, 2026

The information in this press release should be read in conjunction with an earnings presentation that is available on the Company's website at investors.amcoastal.com/events-and-presentations.

St. Petersburg, FL - October 29, 2026: American Coastal Insurance Corporation (Nasdaq: ACIC) ("ACIC" or the "Company"), a property and casualty insurance holding company, today reported its financial results for the third quarter ended September 30, 2026.

($ in thousands, except for per share data)

Three Months Ended September 30,

Nine Months Ended September 30,

2026

2025

Change

2026

2025

Change

Gross premiums written

$

74,111

$

71,812

3.2

%

$

439,810

$

498,010

(11.7

)%

Gross premiums earned

138,474

162,757

(14.9

)%

418,338

490,318

(14.7

)%

Net premiums earned

65,452

80,818

(19.0

)%

200,761

227,533

(11.8

)%

Total revenue

70,704

90,395

(21.8

)%

224,525

249,064

(9.9

)%

Income from continuing operations, net of tax

19,397

32,483

(40.3

)%

60,547

80,231

(24.5

)%

Income from discontinued operations, net of tax

—

—

NM

—

42

NM

Consolidated net income

$

19,397

$

32,483

(40.3

)%

$

60,547

$

80,273

(24.6

)%

Net income available to ACIC stockholders per diluted share

Continuing Operations

$

0.40

$

0.65

(38.5

)%

$

1.23

$

1.61

(23.6

)%

Discontinued Operations

—

—

NM

—

—

NM

Total

$

0.40

$

0.65

(38.5

)%

$

1.23

$

1.61

(23.6

)%

Reconciliation of net income to core income:

Plus: Non-cash amortization of intangible assets

$

610

$

609

0.2

%

$

1,830

$

1,828

0.1

%

Less: Income from discontinued operations, net of tax

—

—

NM

—

42

NM

Less: Net realized gains (losses) on investment portfolio

(4

)

—

NM

3,266

1,382

NM

Less: Unrealized gains (losses) on equity securities

(625

)

3,161

NM

4,136

3,429

20.6

%

Less: Net tax impact (1)

260

(536

)

NM

(1,170

)

(626

)

86.9

%

Core income(2)

20,376

30,467

(33.1

)%

56,145

77,874

(27.9

)%

Core income per diluted share (2)

$

0.42

$

0.61

(31.1

)%

$

1.14

$

1.57

(27.4

)%

Book value per share

$

7.52

$

6.71

12.1

%

NM = Not Meaningful

(1) In order to reconcile net income to the core income measures, the Company included the tax impact of all adjustments using the 21% federal corporate tax rate.

(2) Core income and core income per diluted share, both of which are measures that are not based on generally accepted accounting principles ("GAAP"), are reconciled above to net income and net income per diluted share, respectively, the most directly comparable GAAP measures. Additional information regarding non-GAAP financial measures presented in this press release can be found in the "Definitions of Non-GAAP Measures" section below.

1

Exhibit 99.1

Comments from President & Chief Executive Officer, B. Bradford Martz:

"Our third quarter results reflect the strength of our disciplined underwriting in a softening market. With our net pricing down more than 25% year over year, American Coastal delivered solid results against a very strong prior-year quarter, including net income of $19.4 million, a 64.7% combined ratio and a 24.1% core return on equity. Just as important, our underlying combined ratio was 68.4% for the quarter, in line with the first two quarters of the year, which tells us the quality of our portfolio has not changed even as rates have come down. We also returned to year-over-year growth in gross premiums written for the first time since early 2025.

We continue to generate strong, profitable results while using this part of the cycle to position American Coastal to benefit meaningfully from the next hard market. Book value per share reached $7.52, up 15.5% since year-end. During the quarter, we put our AmRisc partnership on a permanent footing, and our participation in AmRisc’s nationwide E&S commercial property portfolio has added $37.3 million of premium so far this year. We also received our certificate of authority for ACES Specialty and expect to begin writing E&S commercial property through Skyway in Florida, Texas and South Carolina in the coming months. With a strong balance sheet and new avenues for growth, we believe American Coastal is well positioned to compound significant value for shareholders over the long term."

Return on Equity and Core Return on Equity

The calculations of the Company's return on equity and core return on equity are shown below.

($ in thousands)

Three Months Ended September 30,

Nine Months Ended September 30,

2026

2025

2026

2025

Income from continuing operations, net of tax

$

19,397

$

32,483

$

60,547

$

80,231

Return on equity based on GAAP income from continuing operations, net of tax (1)

22

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