AMERICAN COASTAL INSURANCE Corp Earnings Per Share Disclosure
| Year Ended December 31, | ||||||||||||||||||||
| 2024 | 2023 | 2022 | ||||||||||||||||||
| Numerator: | ||||||||||||||||||||
| Net income (loss) attributable to ACIC common stockholders | $ | 75,718 | $ | 309,911 | $ | (469,855) | ||||||||||||||
| Denominator: | ||||||||||||||||||||
| Weighted-average shares outstanding | 47,831,412 | 43,596,432 | 43,052,070 | |||||||||||||||||
| Effect of dilutive securities | 1,531,573 | 792,372 | — | |||||||||||||||||
| Weighted-average diluted shares | 49,362,985 | 44,388,804 | 43,052,070 | |||||||||||||||||
| Earnings available to ACIC common stockholders per share | ||||||||||||||||||||
Basic | $ | 1.59 | $ | 7.11 | $ | (10.91) | ||||||||||||||
Diluted | $ | 1.54 | $ | 6.98 | $ | (10.91) | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2024 | Mar 10, 2025 | Showing above |
| 2023 | Mar 15, 2024 | |
| 2019 | Mar 12, 2020 | |
| 2017 | Mar 28, 2018 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.