{"schema_version":"secwatch.filing_event.v1","accession":"0001401521-23-000016","form_type":"8-K","ticker":"ACIC","cik":"0001401521","company_name":"AMERICAN COASTAL INSURANCE Corp","filed_at":"2023-03-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.759762+00:00","generated_at":"2026-06-18T14:44:08.750480+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"UIHC reports Q4 net loss $294.9M; subsidiary UPC placed into receivership","bullets":["Q4 net loss $294.9M ($6.84 diluted EPS); full year net loss $468M ($10.87 EPS).","UPC placed into receivership Feb 27, 2023; de-consolidation effective that date.","Pro forma equity after de-consolidation $48M ($1.12/share) vs reported -$180M (-$4.16).","Hurricane Ian gross loss estimates rose to $1.54B, exhausting UPC's reinsurance.","Renewal rights agreement with Slide Insurance for UPC policies."],"urls":{"canonical":"https://secwatch.observer/filing/0001401521-23-000016","json":"https://secwatch.observer/filing/0001401521-23-000016.json","markdown":"https://secwatch.observer/filing/0001401521-23-000016.md","text":"https://secwatch.observer/filing/0001401521-23-000016.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1401521/000140152123000016/0001401521-23-000016-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1401521/000140152123000016/uihc-20230302.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T14:44:08.750480+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"836d09eee5a3d8928b43057084bd22d05dbd03b5","claim":"AMERICAN COASTAL INSURANCE Corp reported the year ended December 31, 2022 results: revenue $455,422, net income $(467,999), EPS $(10.87).","evidence_excerpt":"($ in thousands, except for per share data) Three Months Ended Year Ended December 31, December 31, 2022 2021 Change 2022 2021 Change Gross premiums written $ 229,239 $ 268,890 (14.7) % $ 1,124,063 $ 1,329,445 (15.4) % Gross premiums earned $ 296,323 $ 341,886 (13.3) % $ 1,223,183 $ 1,408,443 (13.2) % Net premiums earned $ 134,177 $ 145,081 (7.5) % $ 462,626 $ 589,761 (21.6) % Total revenues $ 113,475 $ 154,544 (26.6) % $ 455,422 $ 634,527 (28.2) % Loss before income tax $ (294,616) $ (6,202) NM $ (442,625) $ (83,857) NM Net loss attributable to UIHC $ (294,914) $ (2,316) NM $ (467,999) $ (57,919) NM Net loss available to UIHC common stockholders per diluted share $ (6.84) $ (0.05) NM $ (10.87) $ (1.35) NM","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1401521/000140152123000016/0001401521-23-000016-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2022"},{"label":"Revenue","value":"$455,422"},{"label":"Net income","value":"$(467,999)"},{"label":"EPS","value":"$(10.87)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e930bab6a3c7bf14cb890284eaf0330e10883732","claim":"AMERICAN COASTAL INSURANCE Corp reported the fourth quarter ended December 31, 2022 results: revenue $113,475, net income $(294,914), EPS $(6.84).","evidence_excerpt":"($ in thousands, except for per share data) Three Months Ended Year Ended December 31, December 31, 2022 2021 Change 2022 2021 Change Gross premiums written $ 229,239 $ 268,890 (14.7) % $ 1,124,063 $ 1,329,445 (15.4) % Gross premiums earned $ 296,323 $ 341,886 (13.3) % $ 1,223,183 $ 1,408,443 (13.2) % Net premiums earned $ 134,177 $ 145,081 (7.5) % $ 462,626 $ 589,761 (21.6) % Total revenues $ 113,475 $ 154,544 (26.6) % $ 455,422 $ 634,527 (28.2) % Loss before income tax $ (294,616) $ (6,202) NM $ (442,625) $ (83,857) NM Net loss attributable to UIHC $ (294,914) $ (2,316) NM $ (467,999) $ (57,919) NM Net loss available to UIHC common stockholders per diluted share $ (6.84) $ (0.05) NM $ (10.87) $ (1.35) NM","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1401521/000140152123000016/0001401521-23-000016-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$113,475"},{"label":"Net income","value":"$(294,914)"},{"label":"EPS","value":"$(6.84)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}