American Coastal Insurance Corporation reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 58.21 million compared to USD 74.7 million a year ago. Net income was USD 14.28 million compared to net loss of USD 296.77 million a year ago.

Basic earnings per share from continuing operations was USD 0.38 compared to USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 0.37 compared to USD 0.02 a year ago. Basic earnings per share was USD 0.32 compared to basic loss per share of USD 6.89 a year ago.

Diluted earnings per share was USD 0.31 compared to diluted loss per share of USD 6.89 a year ago.