American Coastal Insurance Corp. holds annual meeting

American Coastal Insurance Corporation (NASDAQ:ACIC), a property and casualty insurer with a market capitalization of $532 million, conducted its 2025 Annual Meeting of Stockholders on Thursday, where several key proposals were voted upon. According to InvestingPro data, the company maintains a GREAT financial health score and is currently trading near its Fair Value. The meeting saw a significant turnout with 41,399,152 shares represented, out of the 48,308,466 shares entitled to vote.

The first proposal involved the election of four Class A directors to serve a two-year term until the 2027 annual meeting. The elected directors were R. Daniel Peed, Gregory C. Branch, Michael R. Hogan, and Kent G. Whittemore. The voting results were as follows: Peed received 31,780,974 votes for and 597,678 against, Branch received 31,001,672 votes for and 1,373,303 against, Hogan received 28,880,927 votes for and 3,495,181 against, and Whittemore received 28,745,663 votes for and 3,630,446 against. Each director also had a number of abstentions and broker non-votes.

The second proposal ratified Deloitte & Touche, LLP as the independent registered public accounting firm for the fiscal year ended December 31, 2025, with an overwhelming number of votes in favor (41,357,111), few against (18,236), and some abstentions (23,805).

The third proposal was an advisory vote on executive compensation, which received 32,203,753 votes for, 175,186 against, and 28,825 abstentions, with 8,991,388 broker non-votes.

Finally, the fourth proposal sought advisory input on the frequency of future advisory votes on executive compensation. The stockholders recommended a three-year frequency with 20,653,310 votes, compared to 11,635,783 for one year, and 79,080 for two years, with 39,591 abstentions and 8,991,388 broker non-votes.

The company, formerly known as United Insurance Holdings Corp . and FMG Acquisition Corp., is based in Saint Petersburg, Florida, and specializes in fire, marine, and casualty insurance. The insurer has demonstrated strong performance with a 24% revenue growth and trades at an attractive P/E ratio of 7.3. InvestingPro subscribers can access detailed analysis, including 12+ actionable ProTips and comprehensive financial metrics in the Pro Research Report. This report is based on an official press release statement filed with the SEC.

In other recent news, American Coastal Insurance Corporation (ACIC) reported its first-quarter financial results for 2025, showing robust performance amid market challenges. The company recorded a net income of $21.3 million, although core income decreased by $3.7 million year-over-year. Net premium earned increased by 9% to $68.3 million, reflecting strategic growth initiatives. In addition, ACIC introduced a new insurance initiative targeting apartment buildings in Central and Northeast Florida, which is expected to support future growth. The reinsurance program is set for renewal with enhanced protection and reduced rates, which may positively impact the company’s financial stability.

Meanwhile, Raymond (NSE:RYMD) James made adjustments to Atlas Crest Investment Corp’s financial outlook, reducing the price target from $16.00 to $15.00 while maintaining an Outperform rating. The adjustment reflects a valuation of 10.4 times the estimated 2026 operating earnings per share. Analyst Greg Peters noted that Atlas Crest’s stock is valued at 7.7 times the estimated 2026 operating EPS, justifying the revised target. Despite the price target cut, Raymond James believes Atlas Crest has the potential to outperform the market. These developments highlight the ongoing strategic and financial maneuvers by both companies to navigate their respective markets.

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