SAINT PETERSBURG, Fla. (AP) — SAINT PETERSBURG, Fla. (AP) — American Coastal Insurance Corporation (ACIC) on Wednesday reported second-quarter profit of $26.4 million.
On a per-share basis, the Saint Petersburg, Florida-based company said it had net income of 53 cents. Earnings, adjusted for one-time gains and costs, were 54 cents per share.
The property and casualty insurance company posted revenue of $86.5 million in the period. Its adjusted revenue was $84.2 million.
American Coastal shares have declined 24% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.18, a decline of 13% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACIC at https://www.zacks.com/ap/ACIC
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