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ACIC reports higher Q2 combined ratio as losses rise
American Coastal Insurance Corporation said gross premiums written fell 5.3% to $216.3 million, while losses and LAE increased 21.3% to $18.8 million.
American Coastal Insurance Corporation reported an underlying combined ratio of 68.7% for the second quarter of 2026, up from 62.2% in the same quarter a year earlier. The quarter’s combined figure reflected a loss ratio of 27.0%, rising from 19.8%, while the expense ratio increased to 47.3% from 40.8%.
The insurer said losses and loss adjustment expenses increased 21.3% to $18.8 million from $15.5 million. On a gross underlying basis, excluding catastrophe losses and reserve development, the loss and LAE ratio would have been 10.8%, up 0.6 points from 10.2%.
Premium trends also weighed on results. ACIC reported gross premiums written declined 5.3% to $216.3 million, and gross premiums earned fell 16.2% to $138.7 million, while net premiums earned dropped 11.1% to $69.7 million.
ACIC posted net income of $21.9 million, down 17.2% from $26.4 million in the prior-year quarter, attributing the decline to lower net premiums earned. The company said June 1 reinsurance renewal secured broader protection at a lower cost, and highlighted that its book value per share grew more than 20% over the past year to $7.21, according to Reinsurance News.