---
schema_version: "secwatch.filing_event.v1"
accession: "0001401521-23-000012"
form_type: "8-K"
ticker: "ACIC"
cik: "0001401521"
company_name: "AMERICAN COASTAL INSURANCE Corp"
filed_at: "2023-02-10T23:59:59+00:00"
generated_at: "2026-06-19T17:48:00.985157+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# UPC subsidiary near insolvency; Hurricane Ian losses surge to $1.54B gross, nets $197M in Q4 2022

## Summary
- UPC expected insolvent as of Dec 31, 2022; Florida OIR notified.
- Hurricane Ian gross loss estimate increased to $1.54B from $1B; net loss expense $197M in Q4 2022.
- UPC personal lines Ian loss net $145M; all reinsurance exhausted. ACIC commercial Ian net $16M; FHCF has $518M limit remaining.
- Adverse prior year reserve development adds $61M net in Q4 2022.
- Company to deconsolidate UPC if receivership; pro forma financials filed.

## SEC filing metadata
- accession: 0001401521-23-000012
- form_type: 8-K
- ticker: ACIC
- cik: 0001401521
- company_name: AMERICAN COASTAL INSURANCE Corp
- filed_at: 2023-02-10T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 2.02, 2.06, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1401521/000140152123000012/0001401521-23-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1401521/000140152123000012/uihc-20230210.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001401521-23-000012
- JSON: https://secwatch.observer/filing/0001401521-23-000012.json
- Plain text: https://secwatch.observer/filing/0001401521-23-000012.txt

## Key facts
- Earnings Releases
  AMERICAN COASTAL INSURANCE Corp reported preliminary financial results for the fourth quarter of 2022.
  - Period: the fourth quarter of 2022
  - Result: preliminary results
  source text: we expect to incur approximately $197 million of net loss and loss adjustment expense related to current accident year catastrophe events for the fourth quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401521/000140152123000012/0001401521-23-000012-index.htm

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