American Coastal Insurance Corporation (ACIC) Q3 2024 Earnings Call Transcript Summary
American Coastal Insurance Corporation (ACIC) Q3 2024 Earnings Call Transcript Summary
Gross premium earned grew to $160.2 million.The following is a summary of the American Coastal Insurance Corporation (ACIC) Q3 2024 Earnings Call Transcript:
以下是美國海岸保險公司（ACIC）2024年第三季度業績會簡報：
Financial Performance:
財務表現:
American Coastal reported a robust Q3 with total revenue of $82.1 million.
Q3 net income stood at $28.1 million, with a core income increase of $11.4 million year-over-year.
Gross premium earned grew to $160.2 million.
The combined ratio improved to 57.7% from 62.7% last year.
The company's cash and investments surged by 83.1%, and stockholders' equity increased by 53.8%.
Book value per share rose by 49.2% to $5.38.
美國海岸報告第三季度強勁，總營業收入爲$8210萬。
第三季度淨利潤達到$2810萬，核心收入同比增加了$1140萬。
賺取的總保險費增長至$16020萬。
綜合比率從去年的62.7%提高到57.7%。
公司的現金和投資激增了83.1%，股東權益增加了53.8%。
每股淨資產增長了49.2%，達到$5.38。
Business Progress:
業務進展:
American Coastal successfully implemented its first-ever takeout from Citizens, adding policies to its condo book and launching a new apartment program.
American Coastal成功地從Citizens實施了首次的接機，爲其公寓保單添加政策並推出了新的公寓計劃。
Opportunities:
機會：
The reduction of the quota share from 40% to 20% has allowed for greater retention of underwriting profits, and the company anticipates the continuation of strong revenue growth.
將份額從40%減少到20%有助於更大幅度地保留承保利潤，公司預計強勁營業收入增長將繼續。
Risks:
風險：
The active hurricane season brought considerable catastrophe losses, specifically Hurricanes Debby, Helene, and Milton impacting financial results.
活躍的颶風季節帶來了相當大的災難損失，特別是迪比颶風、海倫颶風和米爾頓颶風對財務結果產生了影響。
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。
