Earnings Call Summary | American Coastal Insurance(ACIC.US) Q2 2024 Earnings Conference
Earnings Call Summary | American Coastal Insurance(ACIC.US) Q2 2024 Earnings Conference
Net income from continuing operations, excluding catastrophes, is projected to be between $85 million and $95 million for the full year 2024, with net premiums estimated to be between $285 million and $300 million.The following is a summary of the American Coastal Insurance Corporation (ACIC) Q2 2024 Earnings Call Transcript:
以下是美國海岸保險公司（ACIC）2024年第二季度業績會議記錄摘要：
Financial Performance:
金融業績：
ACIC reported strong Q2 results with a net income of $19.1 million, though core income decreased by $7.5 million year-over-year due to higher ceded earned premiums.
Gross premium earned increased by $5.6 million to $165.5 million, and operating expenses decreased by $7.1 million.
Net income from continuing operations, excluding catastrophes, is projected to be between $85 million and $95 million for the full year 2024, with net premiums estimated to be between $285 million and $300 million.
儘管核心收入減少了750萬美元，但ACIC報告了1910萬美元的強勁Q2業績，主要是由於高出保險現金收入增加所致。
賺取的總保費增加了560萬美元，達到16550萬美元，而營業費用則減少了710萬美元。
將不包括災難的連續經營淨利潤預計在2024年全年爲8500萬至9500萬美元，而淨保費估計爲2.85億至3億美元。
Business Progress:
業務進展：
ACIC completed core catastrophe reinsurance renewal and entered into agreements to divest the Interboro Insurance Company.
Plans to participate in the Citizens Commercial Residential takeout in October 2024, expecting to enhance growth.
ACIC完成了核心災難再保險續簽，並達成了出售Interboro保險公司的協議。
計劃參與2024年10月的Citizens Commercial Residential takeout，預計將增強增長。
Opportunities:
機會：
Enhanced core catastrophe reinsurance program to positively impact revenue and earnings growth.
Expected revenue growth between 33% and 46% in the second half of 2024.
增強核心災難再保險計劃將對營收和收益增長產生積極影響。
預計2024年下半年收入增長率在33％至46％之間。
Risks:
風險：
Potential catastrophe losses pose a risk, with the company estimating an after-tax retention of $16.2 million for the first event and $10.3 million for subsequent events.
潛在的災難損失構成風險，公司預計第一次事件的稅後承保限額爲1620萬美元，後續事件的承保限額爲1030萬美元。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。