American Coastal reports Q1 2026 net income of $19.3M with stable underwriting despite softer market conditions

American Coastal Insurance Corporation reported a net income of $19.3 million for Q1 2026, slightly down from $21.3 million in Q1 2025, mainly due to discontinued operations in 2025. Gross premiums written fell 24.5% to $149.4 million, reflecting increased competition and a softer commercial insurance market. The company maintained a strong combined ratio of 66.0%, consistent with prior year, signaling disciplined underwriting and stable earnings. Looking ahead, American Coastal plans to leverage AI and selective partnerships to strengthen its market position while focusing on prudent risk selection and value creation.