American Coastal Insurance Corporation Reports Financial Results for Its First Quarter Ended March 31, 2026
American Coastal Insurance Corporation reported net income of $19.3 million for Q1 2026, slightly down 9.8% year-over-year. Gross premiums written fell 24.5% to $149.4 million due to a softening commercial insurance market and pricing pressure. The company maintained solid underwriting discipline with a combined ratio of 66.0%. Book value per share…