---
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"
generated_at: "2026-06-18T14:44:08.750480+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# UIHC reports Q4 net loss $294.9M; subsidiary UPC placed into receivership

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: regulatory
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001401521-23-000016
- JSON: https://secwatch.observer/filing/0001401521-23-000016.json
- Plain text: https://secwatch.observer/filing/0001401521-23-000016.txt

## Key facts
- Earnings Releases
  AMERICAN COASTAL INSURANCE Corp reported the year ended December 31, 2022 results: revenue $455,422, net income $(467,999), EPS $(10.87).
  - Period: the year ended December 31, 2022
  - Revenue: $455,422
  - Net income: $(467,999)
  - EPS: $(10.87)
  - Result: reported results
  source text: ($ 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_url: https://www.sec.gov/Archives/edgar/data/1401521/000140152123000016/0001401521-23-000016-index.htm
- Earnings Releases
  AMERICAN COASTAL INSURANCE Corp reported the fourth quarter ended December 31, 2022 results: revenue $113,475, net income $(294,914), EPS $(6.84).
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $113,475
  - Net income: $(294,914)
  - EPS: $(6.84)
  - Result: reported results
  source text: ($ 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_url: https://www.sec.gov/Archives/edgar/data/1401521/000140152123000016/0001401521-23-000016-index.htm

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