J Studios Investment Thesis American Coastal Insurance (NASDAQ:ACIC) has given investors a very strong first quarter earnings, with an underlying combined ratio of 57.8% and core ROE of 69.7%. These outstanding profitability metrics are quite unbelievable to me and set this insurance company apart from its peers, yet its valuation metrics are very cheap in relation to the sector median. Therefore, I expect profitability to continue to be strong as coastal homeowners insurance continues to offer attracti ...