The business behind the dividend
| Measure | ACIC | Median | Formula |
|---|---|---|---|
| Return on equity | 33.6% | 10.6% | Net income ÷ shareholders’ equity |
| Return on capital employed | — | — | Operating income ÷ (equity + total debt) |
| Owner earnings | $110.48m | $120.90m | Net income + depreciation & amortisation − capital expenditure |
| Free cash flow | $70.87m | $155.08m | Operating cash flow − capital expenditure |
| Operating margin | 41.8% | 14.3% | Operating income ÷ revenue |
| Net margin | 31.8% | 10.1% | Net income ÷ revenue |
| Debt to equity | — | — | Total debt ÷ shareholders’ equity |
| Interest cover | — | — | Operating income ÷ interest expense |
| Current ratio | — | — | Current assets ÷ current liabilities |
| Long-term debt to working capital | — | — | Long-term debt ÷ (current assets − current liabilities) |
| Cash conversion | — | — | Operating cash flow ÷ net income |
| Accruals | 3.3% | -3.1% | (Net income − operating cash flow) ÷ total assets |
Not computed here: Cash conversion, Current ratio, Debt to equity, Long-term debt to working capital, Interest cover, Return on capital employed — why a blank is not a zero.
Ten years of it
The same measures, for every year the filings support. One year is a fact; a row is a business.
| Measure | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | Median |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on equity | 33.6% | 32.1% | 183.6% | — | -18.5% | -24.4% | -5.9% | 0.1% | 1.9% | 2.4% | 1.9% |
| Operating margin | 41.8% | 33.6% | 35.5% | -3.9% | -4.6% | -15.6% | -4.0% | -0.6% | 0.1% | 1.4% | -0.6% |
| Net margin | 31.8% | 25.5% | — | -212.0% | -25.3% | -11.4% | -3.6% | 0.0% | 1.6% | 1.2% | 0.0% |
How it compares in banks & insurers
Among the 377 banks & insurers companies here measured on GAAP earnings, American Coastal Insurance pays out less than 151 of them. The median for that group is 30.6%, against this company’s 34.9%.
Closest on GAAP earnings
- NewtekOne (NEWT) 34.9%
- RBB Bancorp (RBB) 35.0%
- BankUnited (BKU) 35.1%
- Fulton Financial (FULT) 35.1%
Same sector and same denominator, so the figures are comparable. All 377 in banks & insurers →