{"id":3137,"date":"2025-11-06T11:00:47","date_gmt":"2025-11-06T12:00:47","guid":{"rendered":"http:\/\/www.xinetica.com\/?p=3137"},"modified":"2025-11-06T14:28:25","modified_gmt":"2025-11-06T14:28:25","slug":"american-coastal-q325-net-income-increases-to-32-5mn-with-improved-cor","status":"publish","type":"post","link":"http:\/\/www.xinetica.com\/index.php\/2025\/11\/06\/american-coastal-q325-net-income-increases-to-32-5mn-with-improved-cor\/","title":{"rendered":"American Coastal Q3\u201925 net income increases to $32.5mn with improved CoR"},"content":{"rendered":"

American Coastal Insurance Corporation has announced its financial results for the third quarter of 2025, reporting a net income of $32.5 million, which compares to the $28.1 million seen in the same period last year.<\/p>\n

\"\"The property and casualty insurance holding company attributed the increase in net income to gross premiums earned growth and decreased ceded premiums earned, driving an overall increase in revenues.<\/p>\n

This increase in revenue was offset by increased policy acquisition costs and general and administrative expenses quarter-over-quarter, partially offset by decreased loss and loss adjustment expenses.<\/p>\n

During Q3 2024, the company’s net income attributable to discontinued operations was $450 thousand, while it had no discontinued operations during the third quarter of 2025.<\/p>\n

American Coastal also reported a 22.8% decrease in gross written premiums, to $71.8 million, for Q3 2025. This compares to the $93.0 million reported in Q3 2024.<\/p>\n

\n
\"Brit<\/a><\/div>\n<\/div>\n

Gross premium earned increased 1.6%, to $162.8 million from $160.2 million for Q3 2024, while ceded premiums earned decreased 4.4%, to $81.9 million for this year\u2019s Q3, from $85.7 million for the third quarter 2024.<\/p>\n

Q3 2025 net premiums earned stood at $80.8 million, a slight increase of 8.5% compared to Q3 2024\u2019s $74.5 million. Total revenue was $90.4 million, a 10% increase from the $82.2 million reported in Q3 2024.<\/p>\n

The company\u2019s combined ratio went down 0.8 pts in Q3 2025, to 56.9% from 57.7% in Q3 2024.<\/p>\n

Loss and LAE decreased by 22.0%, to $9.2 million for this year\u2019s third quarter, from the $11.8 million seen in Q3 2024. Loss and LAE expense as a percentage of net earned premiums decreased 4.4 points to 11.4% for Q3 2025.<\/p>\n

Excluding catastrophe losses and reserve development, American Coastal\u2019s gross underlying loss and LAE ratio for Q3 2025, would have been 6.1%, an increase of 1.0 point from 5.1% for Q3 2024.<\/p>\n

B. Bradford Martz, President & Chief Executive Officer of American Coastal, commented: \u201cWe delivered another strong quarter, achieving year-over-year gains in both revenue and earnings. Our underwriting results continue to demonstrate our expertise and competitive advantage, with an underlying combined ratio of 57.8% for the third quarter and 62.4% year-to-date, outperforming our 65% target combined ratio.<\/p>\n

\u201cAmerican Coastal is strategically positioned to deliver superior risk-adjusted returns throughout the market cycle, even as market conditions begin to soften, with a disciplined focus on achieving long-term value creation for our stakeholders.\u201d<\/p>\n

The post American Coastal Q3\u201925 net income increases to $32.5mn with improved CoR<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

American Coastal Insurance Corporation has announced its financial results for the third quarter of 2025, reporting a net income of […]<\/p>\n","protected":false},"author":1,"featured_media":3139,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/3137"}],"collection":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/comments?post=3137"}],"version-history":[{"count":3,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/3137\/revisions"}],"predecessor-version":[{"id":3141,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/3137\/revisions\/3141"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/media\/3139"}],"wp:attachment":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/media?parent=3137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/categories?post=3137"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/tags?post=3137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}