American Coastal: Q3 Earnings Snapshot

SAINT PETERSBURG, Fla. (AP) — SAINT PETERSBURG, Fla. (AP) — American Coastal Insurance Corporation (ACIC) on Thursday reported third-quarter net income of $19.4 million.

The Saint Petersburg, Florida-based company said it had profit of 40 cents per share. Earnings, adjusted for non-recurring costs, were 42 cents per share.

The property and casualty insurance company posted revenue of $70.7 million in the period.

American Coastal shares have declined 13% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $10.93, a decrease of 8% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACIC at https://www.zacks.com/ap/ACIC