AMERICAN COASTAL INSURANCE Corp ACIC
American Coastal Insurance Corporation (referred to in this Form 10-K as we, our, us, the Company or ACIC) is a holding company primarily engaged in the commercial property and casualty insurance business with investments in the United States. On July 10, 2023, we changed our corporate name from United Insurance Holdings Corp. to American Coastal Insurance Corporation. We conduct our business principally through our wholly owned insurance subsidiary, American Coastal Insurance Company (AmCoastal). The Company also previously wrote insurance outside of Florida through Interboro Insurance Company (IIC); however, on April 1, 2025, the Company completed the sale of IIC. The details of this transaction are described below. Collectively, we refer to the holding company and all our subsidiaries, including non-insurance subsidiaries, as "American Coastal Insurance Corporation," which is the preferred brand identification for our Company.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $335.4M | $296.7M | $264.4M | $221.7M | $228.7M | $846.7M | $825.1M | $723.9M | $654.4M | $487.1M |
| SG&A | $40.5M | $44.8M | $37.6M | $43.7M | $31.4M | $72.1M | $66.0M | $66.1M | $81.8M | $43.0M |
| Total operating expenses | $195.2M | $197.1M | $170.5M | $230.3M | $239.2M | $978.8M | $857.8M | $728.3M | $27.7M | $20.5M |
| Operating income | $140.3M | $99.6M | $93.9M | -$8.7M | -$10.5M | -$132.2M | -$32.7M | -$4.4M | $757.0K | $6.9M |
| Interest expense | $10.8M | $12.0M | $10.9M | $9.5M | $9.3M | $9.6M | $9.8M | $9.9M | $3.2M | $723.0K |
| Pre-tax income | $142.7M | $101.7M | $96.1M | $1.7M | -$10.4M | -$132.1M | -$32.6M | -$4.2M | $910.0K | $7.0M |
| Income tax | $35.9M | $25.3M | $10.9M | $26.2M | $6.7M | $36.6M | $3.1M | $4.6M | $9.2M | $1.3M |
| Net income | $106.8M | $75.7M | $309.9M | -$469.9M | -$57.9M | -$96.5M | -$29.9M | $290.0K | $10.1M | $5.7M |
| EPS, basic | 2.20 | 1.59 | 7.11 | -10.91 | -1.35 | -2.25 | -0.70 | 0.01 | 0.27 | 0.27 |
| EPS, diluted | 2.15 | 1.54 | 6.98 | -10.91 | -1.35 | -2.25 | -0.70 | 0.01 | 0.27 | 0.26 |
| Shares, diluted (wtd. avg.) | $49.8M | $49.4M | $44.4M | $43.1M | $42.9M | $42.9M | $42.8M | $42.8M | $37.4M | $21.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $198.8M | $137.0M | $171.8M | $283.6M | $245.3M | $301.5M | $287.1M | $184.1M | $276.3M | $150.7M |
| Property, plant and equipment | $723.0K | $5.7M | $3.7M | $5.3M | $31.6M | $34.2M | $32.7M | $17.1M | $17.3M | $17.9M |
| Goodwill | $59.5M | $59.5M | $59.5M | $69.6M | $73.0M | $73.0M | $73.0M | $73.0M | $73.0M | $14.3M |
| Other intangibles | $3.5M | $5.9M | $8.5M | $12.8M | $18.4M | $21.9M | $26.1M | $31.4M | $45.3M | $12.4M |
| Total assets | $1.07B | $1.22B | $1.06B | $2.84B | $2.70B | $2.85B | $2.47B | $2.32B | $2.06B | $999.7M |
| Long-term debt | $150.0M | $150.0M | $150.0M | $150.0M | $158.6M | $160.4M | $161.6M | $163.1M | $164.7M | $54.2M |
| Total liabilities | $755.2M | $980.5M | $893.6M | $3.02B | $2.37B | $2.43B | $1.94B | $1.78B | $1.52B | $758.4M |
| Retained earnings | -$114.5M | -$184.8M | -$237.4M | -$546.3M | -$74.9M | -$6.6M | $100.4M | $140.5M | $141.2M | $141.6M |
| Total equity | $317.6M | $235.7M | $168.8M | -$182.0M | $332.0M | $417.6M | $523.9M | $540.4M | $537.1M | $241.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $71.0M | $243.5M | -$136.0M | -$173.1M | -$295.4M | -$10.5M | $149.0M | $25.8M | $35.5M | $65.7M |
| Depreciation and amortisation | $3.8M | $4.9M | $1.5M | $4.6M | $5.5M | $6.4M | $6.3M | $4.2M | $5.8M | $2.4M |
| Stock-based compensation | $4.3M | $2.5M | $1.3M | $1.4M | $1.2M | $1.4M | $3.0M | $2.4M | $2.6M | $1.9M |
| Capital expenditure | $155.0K | $22.0K | $196.0K | $3.0M | $5.3M | $10.8M | $21.9M | $4.1M | $5.2M | $3.1M |
| Investing cash flow | $620.0K | -$179.2M | -$2.5M | $236.8M | $251.4M | $36.6M | -$34.0M | -$125.6M | -$7.3M | -$49.8M |
| Financing cash flow | -$1.1M | -$13.8M | $26.8M | -$25.4M | -$12.2M | -$11.7M | -$12.1M | $7.7M | $97.4M | $49.9M |
| Dividends paid | $0 | $24.1M | $0 | $2.6M | $10.3M | $10.3M | $10.3M | $10.3M | $9.0M | $5.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001401521-26-000015.
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