American Coastal reports lower net income for Q1’24 as GWP rise

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Reinsurance News - May 13, 2024

American Coastal Insurance Corporation, a property and casualty insurer, has reported net income for Q1 2024 of $23.6 million, or $0.48 per diluted share, compared to $267.3 million, or $6.14 per diluted share, for Q1 2023. This decrease in net income reflects $236 million of income from discontinue...

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