---
schema_version: "secwatch.filing_event.v1"
accession: "0001401521-22-000120"
form_type: "8-K"
ticker: "ACIC"
cik: "0001401521"
company_name: "AMERICAN COASTAL INSURANCE Corp"
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T01:00:59.619771+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# UIHC reports Q3 net loss of $70.9M, goodwill impairment, and substantial doubt over subsidiary's viability

## Summary
- Net loss of $70.9M ($1.65 diluted EPS) vs. $14.3M loss year ago; core loss of $57.5M ($1.34/share).
- Hurricane Ian drove $37.4M net current year catastrophe losses; over 23,000 claims handled, reinsurance key.
- Goodwill impairment of $13.6M related to personal lines withdrawal; stockholders' equity fell to $80.4M ($1.86/book value).
- Regulatory approval received for withdrawal plans in FL, LA, TX; but substantial doubt exists about UPCIC's run-off viability.
- Personal lines policies down 36% YoY; commercial lines grew 15% premium in-force; workforce cut by 37%.

## SEC filing metadata
- accession: 0001401521-22-000120
- form_type: 8-K
- ticker: ACIC
- cik: 0001401521
- company_name: AMERICAN COASTAL INSURANCE Corp
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1401521/000140152122000120/0001401521-22-000120-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1401521/000140152122000120/uihc-20221109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001401521-22-000120
- JSON: https://secwatch.observer/filing/0001401521-22-000120.json
- Plain text: https://secwatch.observer/filing/0001401521-22-000120.txt

## Key facts
- Earnings Releases
  AMERICAN COASTAL INSURANCE Corp reported for its third quarter ended September 30, 2022 results: revenue $123,788, net income Net loss attributable to UIHC $(70,884), EPS $(1.65) per diluted share.
  - Period: for its third quarter ended September 30, 2022
  - Revenue: $123,788
  - Net income: Net loss attributable to UIHC $(70,884)
  - EPS: $(1.65) per diluted share
  - Result: reported results
  source text: % Gross premiums earned $ 301,896 $ 353,461 (14.6) % $ 926,860 $ 1,066,557 (13.1) % Net premiums earned $ 116,187 $ 153,271 (24.2) % $ 328,449 $ 444,680 (26.1) % Total revenues $ 123,788 $ 162,740 (23.9) % $ 341,947 $ 479,983 (28.8) % Loss before income tax $ (70,797) $ (18,600) NM $ (148,009) $ (77,655) (90.6) % Net loss attributable to UIHC $ (70,884) $ (14,322)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401521/000140152122000120/0001401521-22-000120-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.