American Coastal: Q2 Earnings Snapshot
By AP News
Published - Aug 08, 2024, 10:13 AM ET
Last Updated - Aug 08, 2024, 10:13 AM EDT
SAINT PETERSBURG, Fla. (AP) — SAINT PETERSBURG, Fla. (AP) — American Coastal Insurance Corporation (ACIC) on Wednesday reported second-quarter profit of $19.1 million.
The Saint Petersburg, Florida-based company said it had profit of 39 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 40 cents per share.
The property and casualty insurance company posted revenue of $68.7 million in the period.
American Coastal shares have increased 23% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $11.65, more than doubling in the last 12 months.
