American Coastal Insurance

Core earnings are sensitive to hurricane activity and reinsurance pricing. The 2026 to 2027 reinsurance tower materially lifts first‑event and aggregate protection, reducing tail outcomes, and the portfolio saw minimal catastrophe losses in 2025. Still, quarterly cash flows can swing.

Q1 2026 operating cash flow was negative 5.7 million after a strong 2025, and underwriting volumes are declining as the market softens. Florida legal reforms lower litigation volatility, but weather remains the overriding variable.