Demonstrações financeiras detalhadas de American Coastal Insurance Corporation (ACIC): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
American Coastal Insurance Corporation registou receitas de $335.4M no último exercício, com um CAGR de 5 anos de -16.9%.
Margens dos últimos 12 meses: margem bruta 70.1%, margem operacional 40.3%, margem líquida 30.3%.
Ao preço atual de $9.18, ACIC negocia a um P/L de 4.43 e um ROE de 30.43%. A capitalização de mercado é de $445M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $487.1M | $654.4M | $723.9M | $825.1M | $846.7M | $228.7M | $220.8M | $263.7M | $296.7M | $335.4M |
| Custo da Receita | $416.0M | $541.0M | $611.7M | $737.8M | $844.3M | $182.2M | $177.1M | $122.1M | $140.3M | $46.0M |
| Lucro Bruto | $71.1M | $113.4M | $112.2M | $87.4M | $2.3M | $46.4M | $43.7M | $141.6M | $156.3M | $289.4M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $357.7M | 0 |
| Despesas Gerais e Administrativas | $43.0M | $81.8M | $66.1M | $66.0M | $72.1M | $31.4M | $32.0M | $31.8M | $37.0M | 0 |
| Despesas Operacionais | $64.1M | $112.5M | $116.5M | $120.0M | $134.4M | $56.9M | $42.0M | $45.5M | $44.8M | $146.7M |
| Lucro Operacional | $7.0M | $910000 | -$4.2M | -$32.6M | -$132.1M | -$10.4M | $1.7M | $96.1M | $111.6M | $142.7M |
| EBITDA | $19.4M | $41.7M | $24.1M | -$10.8M | -$111.5M | $10.7M | $34.5M | $117.6M | $122.5M | $174.1M |
| Despesas com Juros | $723000 | $3.2M | $9.9M | $9.8M | $9.6M | $9.3M | $9.5M | $10.9M | $12.0M | $10.8M |
| Lucro Antes de Impostos | $7.0M | $910000 | -$4.2M | -$32.6M | -$132.1M | -$10.4M | $1.7M | $96.1M | $101.7M | $142.7M |
| Imposto | $1.3M | -$9.2M | -$4.6M | -$3.1M | -$36.6M | -$6.7M | $26.2M | $10.9M | $25.3M | $35.9M |
| Lucro Líquido | $5.7M | $10.1M | $290000 | -$29.9M | -$96.5M | -$57.9M | -$469.9M | $309.9M | $75.7M | $106.8M |
| LPA | $0.27 | $0.27 | $0.01 | $-0.70 | $-2.25 | $-1.35 | $-10.87 | $7.11 | $1.58 | $2.20 |
| LPA Diluído | $0.26 | $0.27 | $0.01 | $-0.70 | $-2.25 | $-1.35 | $-10.87 | $6.98 | $1.53 | $2.15 |
| Ações em Circulação (Diluídas) | $21.6M | $37.4M | $42.8M | $42.8M | $42.9M | $42.9M | $43.1M | $44.4M | $49.4M | $49.8M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $90.3M | $86.4M | $71.2M | $82.5M |
| Lucro Bruto | $54.3M | $76.5M | $61.0M | $39.7M |
| Lucro Operacional | $42.4M | $36.6M | $25.8M | $28.4M |
| EBITDA | $46.7M | $45.9M | $29.0M | $31.5M |
| Lucro Líquido | $32.5M | $26.6M | $19.3M | $21.9M |
| LPA | $0.67 | $0.55 | $0.40 | $0.46 |
| LPA Diluído | $0.65 | $0.53 | $0.39 | $0.44 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $150.7M | $139.2M | $112.7M | $215.5M | $239.4M | $212.0M | $229.9M | $138.9M | $137.0M | $198.8M |
| Investimentos de Curto Prazo | $528.6M | $137.1M | $862.3M | $884.9M | $940.0M | $663.6M | $376.5M | $7.2M | $148.0M | $113.0M |
| Contas a Receber | $62.9M | $471.0M | $721.8M | $636.7M | $908.5M | $1.08B | $835.8M | $386.7M | $310.0M | $207.8M |
| Estoque | -$230.3M | -$423.9M | -$359.0M | -$476.4M | -$1.59B | -$364.5M | -$394.0M | -$722.8M | 0 | 0 |
| Ativos Circulantes | $742.2M | $747.3M | $1.70B | $1.74B | $1.4M | $1.95B | $2.32B | $153.8M | 0 | $723.4M |
| Imobilizado | $17.9M | $17.3M | $17.1M | $32.7M | $34.2M | $31.6M | $19.6M | $4.2M | $5.7M | $723000 |
| Ágio | $14.3M | $73.0M | $73.0M | $73.0M | $73.0M | $73.0M | $59.5M | $59.5M | $59.5M | $59.5M |
| Ativos Intangíveis | $12.4M | $45.3M | $31.4M | $26.1M | $21.9M | $18.4M | $12.8M | $8.5M | $5.9M | $41.3M |
| Ativos Totais | $994.3M | $2.06B | $2.32B | $2.47B | $2.85B | $2.70B | $2.84B | $1.06B | $1.22B | $1.07B |
| Contas a Pagar | $99.9M | $195.7M | $246.3M | $244.7M | $332.8M | $324.9M | $104.9M | $75.6M | $169.3M | $179.6M |
| Dívida de Curto Prazo | 0 | 0 | 0 | 0 | $2.2M | $2.2M | $2.1M | 0 | 0 | 0 |
| Passivos Circulantes | $99.9M | $195.7M | $246.3M | $244.7M | $10991 | $324.9M | $134.4M | $75.6M | 0 | $594.9M |
| Dívida de Longo Prazo | $54.2M | $161.4M | $160.1M | $158.9M | $158.0M | $156.6M | $148.4M | $148.7M | $149.0M | $149.4M |
| Passivos Totais | $753.0M | $1.52B | $1.78B | $1.94B | $2.43B | $2.37B | $3.02B | $891.6M | $980.5M | $755.2M |
| Reservas | $141.6M | $141.2M | $140.5M | $100.4M | -$6.6M | -$74.9M | -$544.4M | -$237.4M | -$184.8M | -$114.5M |
| Patrimônio Líquido | $241.3M | $537.1M | $520.2M | $503.1M | $395.8M | $312.4M | -$180.2M | $168.8M | $235.7M | $317.6M |
| Dívida Total | $54.2M | $161.4M | $160.1M | $159.3M | $160.4M | $158.5M | $150.0M | $149.5M | $152.3M | $152.5M |
| Dívida Líquida | -$625.2M | -$114.9M | -$814.9M | -$941.1M | -$1.02B | -$717.1M | -$456.3M | -$185.0M | -$132.7M | -$159.3M |
| Capital de Giro | $642.4M | $551.6M | $1.45B | $1.49B | $1.4M | $1.63B | $2.19B | $78.2M | 0 | $128.5M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $267.9M | $198.8M | $117.0M | $218.9M |
| Ativos Totais | $1.18B | $1.07B | $997.0M | $1.24B |
| Passivos Totais | $851.6M | $755.2M | $665.3M | $903.0M |
| Patrimônio Líquido | $327.2M | $317.6M | $331.7M | $340.8M |
| Dívida Total | $152.5M | $152.5M | $152.5M | $152.5M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $5.7M | $10.1M | $394000 | -$29.5M | -$95.5M | -$59.9M | -$470.0M | $309.9M | $75.7M | $106.8M |
| Depreciação e Amortização | $11.7M | $37.5M | $18.5M | $12.0M | $11.0M | $11.8M | $23.3M | $10.6M | $8.9M | $6.6M |
| Compensação em Ações | $1.9M | $2.6M | $2.4M | $3.0M | $1.4M | $1.2M | $1.4M | $1.3M | $2.5M | $4.3M |
| Variação Capital de Giro | $41.0M | -$32.9M | -$21.7M | $187.9M | $112.8M | -$218.8M | $210.0M | -$238.2M | $160.6M | -$54.9M |
| Fluxo de Caixa Operacional | $65.7M | $14.3M | $10.1M | $149.0M | -$10.5M | -$295.4M | -$173.1M | -$136.0M | $243.5M | $71.0M |
| CapEx | -$3.1M | -$5.2M | -$4.1M | -$21.9M | -$10.8M | -$5.3M | -$3.0M | -$196000 | -$22000 | -$155000 |
| Aquisições | -$32.9M | $95.3M | 0 | $12.1M | $500.0M | -$256.6M | $21.2M | -$232.0M | 0 | $4.5M |
| Recompra de Ações | -$270000 | -$287000 | -$418000 | -$296000 | -$25000 | -$39000 | -$25000 | -$24000 | 0 | 0 |
| Dividendos Pagos | -$5.0M | -$9.0M | -$10.3M | -$10.3M | -$10.3M | -$10.3M | -$2.6M | 0 | -$24.1M | 0 |
| Fluxo de Caixa Livre | $62.6M | $9.1M | $6.0M | $127.1M | -$21.3M | -$300.7M | -$176.2M | -$136.2M | $243.5M | $70.9M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | -$35.6M | -$47.8M | -$5.7M | $58.5M |
| CapEx | 0 | -$59000 | -$136000 | -$235000 |
| Fluxo de Caixa Livre | -$35.6M | -$47.8M | -$5.9M | $58.3M |
| Dividendos Pagos | 0 | 0 | -$36.6M | 0 |
| Compensação em Ações | $1.0M | $1.0M | $1.1M | $1.7M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +34.3% | +10.6% | +14.0% | +2.6% | -73.0% | -3.5% | +19.4% | +12.5% | +13.1% |
| Crescimento Lucro Líquido (anual) | | +78.0% | -97.1% | -10400.7% | -222.9% | +40.0% | -711.2% | +166.0% | -75.6% | +41.1% |
| Crescimento LPA (anual) | | +0.0% | -97.5% | -10394.1% | -221.4% | +40.0% | -705.2% | +165.4% | -77.8% | +39.2% |
| Variação de Ações (anual) | | +72.9% | +14.6% | -0.2% | +0.2% | +0.2% | +0.2% | +3.1% | +11.2% | +0.9% |
| Crescimento FCF (anual) | | -85.5% | -33.3% | +2001.1% | -116.8% | -1310.3% | +41.4% | +22.7% | +278.8% | -70.9% |
| Margem Bruta | 14.6% | 17.3% | 15.5% | 10.6% | 0.3% | 20.3% | 19.8% | 53.7% | 52.7% | 86.3% |
| Margem Operacional | 1.4% | 0.1% | -0.6% | -4.0% | -15.6% | -4.6% | 0.8% | 36.4% | 37.6% | 42.6% |
| Margem EBITDA | 4.0% | 6.4% | 3.3% | -1.3% | -13.2% | 4.7% | 15.6% | 44.6% | 41.3% | 51.9% |
| Margem Líquida | 1.2% | 1.6% | 0.0% | -3.6% | -11.4% | -25.3% | -212.8% | 117.5% | 25.5% | 31.8% |
| Margem FCF | 12.9% | 1.4% | 0.8% | 15.4% | -2.5% | -131.5% | -79.8% | -51.7% | 82.1% | 21.1% |
| Taxa Efetiva de Imposto | 18.6% | -1014.8% | 109.3% | 9.6% | 27.7% | 64.3% | 1560.6% | 11.3% | 24.9% | 25.2% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $2.90 | $0.24 | $0.14 | $2.97 | $-0.50 | $-7.00 | $-4.09 | $-3.07 | $4.93 | $1.42 |
| Dividendo por Ação | $0.23 | $0.24 | $0.24 | $0.24 | $0.24 | $0.24 | $0.06 | $0.00 | $0.49 | $0.00 |
| Ações em Circulação (Básicas) | $21.4M | $37.2M | $42.7M | $42.8M | $42.9M | $42.9M | $43.1M | $43.6M | $47.8M | $48.5M |
O que olhar em Seguros
As seguradoras ganham de 2 formas: a subscrever bem (combined ratio) e a investir o float. Buffett construiu a Berkshire assim.
- Op Margin 5 anos (proxy Combined Ratio) — Proxy do combined ratio quando FMP não expõe. ≥10% média 5 anos = disciplina de subscrição (CR <100%)
- Crescimento Book Value / Ação — Como Buffett mede a Berkshire. O valor real que os acionistas acumulam
- Dívida / Equity — Seguradoras alavancadas falham rápido em catástrofes
- P/B (Preço / Valor Contabilístico) — Seguradoras valorizadas por múltiplo de book. Aqui cruza-se com o ROE (qualidade × avaliação)
- Sequência crescimento dividendo — Anos consecutivos a subir dividendo por ação — seguradoras sólidas acumulam décadas
Rentabilidade
| Retorno sobre patrimônio | 30.43% |
| Retorno sobre capital investido | 19.81% |
| Retorno sobre ativos | 8.06% |
| Margem bruta | 70.05% |
| Margem operacional | 40.30% |
| Margem líquida | 30.33% |
Saúde financeira
| Dívida / Patrimônio | 0.45 |
| Liquidez corrente | 1.22 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 1.23 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 56.07 | 63.89 | 2444.12 | -18.01 | -2.54 | -3.21 | -0.10 | 1.37 | 8.52 | 5.74 |
| P/VP | 1.34 | 1.19 | 1.36 | 1.07 | 0.62 | 0.60 | -0.25 | 2.51 | 2.73 | 1.93 |
| P/V | 0.67 | 0.98 | 0.98 | 0.65 | 0.29 | 0.82 | 0.21 | 1.61 | 2.17 | 1.83 |
| Margem Bruta | 14.6% | 17.3% | 15.5% | 10.6% | 0.3% | 20.3% | 19.8% | 53.7% | 52.7% | 86.3% |
| Margem Operacional | 1.4% | 0.1% | -0.6% | -4.0% | -15.6% | -4.6% | 0.8% | 36.4% | 37.6% | 42.6% |
| Margem Líquida | 1.2% | 1.6% | 0.0% | -3.6% | -11.4% | -25.3% | -212.8% | 117.5% | 25.5% | 31.8% |