ACIC Q2 2024 Earnings — American Coastal Insurance Corporation Revenue & Financial Results | Market Cap Arena

ACICAmerican Coastal Insurance Corporation

$566M

Q2 2024 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$69M-6.6% YoY

Gross Profit

$39M56.8% margin

Operating Income

$25M36.2% margin

Net Income

$19M27.7% margin

EPS (Diluted)

$0.39

QoQ Revenue Growth

+3.3%

Cash Flow

Operating Cash Flow

$126M

Free Cash Flow

$126M

Stock-Based Comp.

$780,000

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$1.1B

Stockholders' Equity

$223M

Cash & Equivalents

$229M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$69M	$74M	-6.6%
Gross Profit	$39M	$34M	+15.5%
Operating Income	$25M	$22M	+11.1%
Net Income	$19M	$18M	+7.2%