SAINT PETERSBURG, Fla. (AP) 鈥� SAINT PETERSBURG, Fla. (AP) 鈥� American Coastal Insurance Corporation (ACIC) on Wednesday reported second-quarter earnings of $21.9 million.
On a per-share basis, the Saint Petersburg, Florida-based company said it had profit of 44 cents. Earnings, adjusted for non-recurring gains, were 33 cents per share.
The property and casualty insurance company posted revenue of $82.6 million in the period. Its adjusted revenue was $75.1 million.
American Coastal shares have decreased 13% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.95, an increase of almost 7% in the last 12 months.
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