American Coastal Insurance

Pricing is cyclical rather than structural. The firm enjoyed a generational hard market across 2023 to 2025, producing a 60.1 percent combined ratio in 2025. In Q1 2026 management reported rate softening with average premiums down year over year in March, and gross premiums written fell 24.5 percent.

Litigation reforms help sustain margins, but true discretionary pricing power is limited by reinsurance costs and competition.