Added to YB: 2025-02-18
Pitch date: 2025-02-14
ACIC [bullish]
American Coastal Insurance Corporation
-0.71%
current return
Author Info
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Company Info
American Coastal Insurance Corporation, through its subsidiaries, primarily engages in the commercial and personal property and casualty insurance business in the United States.
Market Cap
$492.2M
Pitch Price
$12.76
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.62
P/E
6.20
EV/Sales
1.03
Sector
Insurance
Category
growth
American Coastal Insurance Company $ACIC: The Niche Florida Catastrophe Insurer
ACIC: Leading FL wind-cat insurer. 6.9x P/E, 2.2x P/B, 45% ROE. Strong underwriting (57% combined ratio) & AmRisc partnership. Growing NWP (48% Q3) as balance sheet recovers. New MGU initiative targeting $100-200M premiums in 5 years. Risks: hurricane exposure, soft market. Attractive valuation at 7x LTM EPS.
Read full article (14 min)