American Coastal Insurance ( (ACIC) ) has issued an update.
American Coastal Insurance Corporation announced its strategic transformation, focusing on its profitable commercial lines and divesting from its struggling personal lines business. The company aims to enhance its market positioning by increasing rates, reducing exposure, and leveraging its exclusive partnership with AmRisc, while maintaining strong reinsurance support to manage catastrophe risks.
More about American Coastal Insurance
American Coastal Insurance Corporation is a holding company that underwrites commercial residential property insurance policies in Florida through its subsidiary, American Coastal Insurance Company. Founded in 2007, it holds the largest market share in commercial residential property insurance in Florida, with a focus on commercial lines.
YTD Price Performance: -6.33%
Average Trading Volume: 162,956
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $585.2M
Find detailed analytics on ACIC stock on TipRanks’ Stock Analysis page.