💨 Abstract

American Coastal Insurance Corporation (ACIC) reported a first-quarter net income of $21.3 million, with earnings of 43 cents per share (42 cents adjusted). The company's revenue for the period was $72.2 million. ACIC's shares have decreased by 11% since the beginning of the year but have risen by 11% over the past 12 months, closing at $11.92 on Thursday.

Courtesy: wtop.com

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