AMERICAN COASTAL INSURANCE Corp

Listed Company

ACICCIK 0001401521NasdaqAcceleratedFire, Marine & Casualty InsuranceDelawareFY ends Dec 31

Period

FY 2025

Revenue

$335.44M

Net Income

$106.84M

Total Assets

$1.07B

Equity

$317.56M

Shares Out

48.66M

Op. Cash Flow

$71.03M

Business

AMERICAN COASTAL INSURANCE Corp is a holding company primarily engaged in the commercial and personal property and casualty insurance business in the United States through its insurance subsidiaries. It offers commercial multi-peril property insurance for residential condominium associations and apartments, personal residential homeowners’, dwelling fire and renters’ policies, and non-risk commission-based products such as equipment breakdown, identity theft and cybersecurity coverage. The company conducts operations through its two insurance subsidiaries, American Coastal Insurance Company and Interboro Insurance Company, with underwriting services managed in part by AmRisc. Its business is concentrated in Florida and New York and its products are distributed mainly through AmRisc-managed independent agencies for commercial lines and a network of independent agencies for personal lines.

Summary from filing dated 2025-03-10

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Gross premiums written	613	648	636	528	485
Change in gross unearned premiums	36	−9	−31	−54	−19
Gross premiums earned	648	639	605	474	466
Ceded premiums earned	−341	−365	−343	251	245
Net premiums earned	307	274	262	—	—
Net investment income	22	21	8	6	6
Net realized investment gains (losses)	1	−124,000	−7	−7	138,000
Net unrealized gains on equity securities	5	2	814,000	−2	1
Other revenue	0	0	15,000	1	46,000
Total revenue	335	297	264	222	229
Losses and loss adjustment expenses	46	69	47	96	—
Policy acquisition costs	98	71	75	81	93
General and administrative expenses	40	45	38	44	31
Interest expense	11	12	11	9	9
Total expenses	195	197	171	230	239
Income before other income	140	100	94	−9	−11
Other income (loss)	2	2	2	10	129,000
Income before income taxes	143	102	96	2	−10
Provision for income taxes	36	25	11	26	−7
Income from continuing operations, net of tax	107	76	85	—	—
Income (loss) from discontinued operations, net of tax	42,000	−601,000	225	−445	−56
Net income	107	76	310	−470	−58
Change in net unrealized gains on investments	10	3	6	−57	−18
Reclassification adjustment for net realized investment losses (gains)	−1	124,000	7	−32	4
Total comprehensive income	115	79	323	−494	−76
Weighted average shares outstanding, Basic	48	48	44	43	43
Weighted average shares outstanding, Diluted	50	49	44	43	43
Continuing operations	2.2	1.6	1.96	−0.56	−0.04
Discontinued operations	0	−0.01	5.15	−10.35	−1.31
Total (per share)	2.2	1.59	7.11	−10.91	−1.35
Continuing operations	2.15	1.55	1.92	−0.56	−0.04
Discontinued operations	0	−0.01	5.06	−10.35	−1.31
Total (per share)	2.15	1.54	6.98	−10.91	−1.35

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Fixed maturities, available-for-sale	253	281	—	376	664
Equity securities	62	37	—	39	38
Other investments	40	24	—	17	18
Total investments	355	341	—	432	720
Cash and cash equivalents	199	137	—	230	212
Restricted cash	94	62	18	46	33
Total cash, cash equivalents and restricted cash	293	199	172	284	245
Accrued investment income	3	3	—	3	3
Property and equipment, net	723,000	6	4	5	32
Premiums receivable, net	70	47	—	86	79
Reinsurance recoverable on paid and unpaid losses, net	128	263	—	1,631	997
Ceded uneared premiums	110	161	—	213	431
Goodwill	59	59	59	70	73
Deferred policy acquisition costs	38	40	21	49	40
Intangible assets, net	3	6	9	13	18
Other assets	12	17	—	37	62
Assets held for sale	0	73	77	1,435	—
Total Assets	1,073	1,216	1,062	2,837	2,699
Unpaid losses and loss adjustment expenses	166	322	348	816	230
Unearned premiums	250	285	293	—	645
Reinsurance payable on premiums	67	83	—	60	249
Accounts payable and accrued expenses	113	86	—	75	76
Operating lease liability	3	3	739,000	2	2
Notes payable, net	149	149	—	152	157
Other liabilities	8	1	—	23	39
Liabilities held for sale	0	50	44	1,655	—
Total Liabilities	755	980	894	3,020	2,367
Commitments and Contingencies (Note 12)	—	—	—	—	—
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding	0	0	0	0	0
Common stock, $0.0001 par value; 100,000,000 shares authorized; 48,976,885 and 48,417,045 issued, respectively; 48,764,802 and 48,204,962 outstanding, respectively	5,000	5,000	5,000	4,000	4,000
Additional paid-in capital	440	437	424	396	394
Treasury shares, at cost; 212,083 shares	−431,000	−431,000	−431,000	−431,000	−431,000
Accumulated other comprehensive loss	−7	−16	−17	−31	−7
Retained earnings (deficit)	−115	−185	−237	−546	−75
Total Stockholders' Equity	318	236	169	−182	312
Total Liabilities and Stockholders' Equity	1,073	1,216	1,062	2,837	2,699

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	7	9	11	23	12
Bond amortization and accretion	848,000	744,000	1	−6	−9
Net realized losses on investments	412,000	190,000	5	−32	4
Net unrealized gains on equity securities	−5	−2	−3	−7	3
Provision for uncollectable premiums	−26,000	24,000	−19,000	—	—
Provision for uncollectable reinsurance recoverables	−45,000	22,000	236,000	—	—
Deferred income taxes, net	10	−2	14	−24	23
Stock based compensation	4	3	1	1	1
Gain on sale of property and equipment	0	0	−588,000	—	—
Fixed asset and intangible asset disposals	1	141,000	1	3	21,000
Loss on sale of subsidiary	328,000	0	0	—	—
Gain on disposition of former subsidiary	0	−1	−238	0	0
Accrued investment income	−172,000	−1	83,000	−234,000	−1
Premiums receivable	−25	−920,000	16	7	−8
Reinsurance recoverable on paid and unpaid losses	135	77	741	634	176
Ceded unearned premiums	53	−6	−21	−218	46
Deferred policy acquisition costs, net	2	−19	34	20	−36
Other assets	2	22	−56	3	−21
Unpaid losses and loss adjustment expenses	−156	−27	−656	862	−6
Unearned premiums	−32	13	−154	−99	−79
Reinsurance payable on premiums	−20	87	−47	−189	7
Accounts payable and accrued expenses	−11	12	2	−2	−15
Operating lease liability	−192,000	3	−913,000	−245,000	−377,000
Other liabilities	−756,000	1	−96	−16	−7
Net cash provided by (used in) operating activities	71	244	−136	−173	−295
Proceeds from sales, maturities and repayments of fixed maturities	118	20	240	251	442
Proceeds from sales, maturities and repayments of equity securities	10	0	40	750,000	13
Proceeds from sales, maturities and repayments of other investments	36	16	2	3	72
Purchases of fixed maturities	−87	−156	−38	26	199
Purchases of equity securities	−29	−35	−79,000	8	30
Purchases of other investments	−52	−24	−15	2	42
Proceeds from sale of property, equipment, and cap software	0	0	629,000	21	—
Cost of property, equipment and capitalized software acquired	−155,000	−22,000	−196,000	3	5
Disposition of cash on divestiture of subsidiary	0	0	−233	0	—
Net proceeds from sale of former subsidiary	4	0	0	—	—
Net cash provided by (used in) investing activities	620,000	−179	−3	237	251
Tax withholding payment related to net settlement of equity awards	−2	−1	−24,000	25,000	39,000
Dividends	0	−24	0	3	10
Net cash provided by (used in) financing activities	−1	−14	27	−25	−12
Increase (decrease) in cash, cash equivalents and restricted cash, including cash classified as assets held for sale	71	50	−112	38	−56
Interest Paid	11	13	11	10	10

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro