---
schema_version: "secwatch.filing_event.v1"
accession: "0001401521-23-000053"
form_type: "8-K"
ticker: "ACIC"
cik: "0001401521"
company_name: "AMERICAN COASTAL INSURANCE Corp"
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T00:52:10.127833+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# United Insurance Holdings Reports Q1 2023 Net Income of $260.9M, Core Income Up 419%

## Summary
- GAAP net income from continuing operations $30.5M, up 563% from $4.6M in Q1 2022.
- Core income (non-GAAP) of $30.9M, or $0.71 per diluted share, up 419% year-over-year.
- Combined ratio improved to 70.5% from 191.7%, driven by strong commercial lines performance.
- Stockholders' equity restored to $83.5M ($1.93 per share) after de-consolidation of former subsidiary UPC.
- Company secured 100% capacity for 2023-24 catastrophe reinsurance program for ACIC.

## SEC filing metadata
- accession: 0001401521-23-000053
- form_type: 8-K
- ticker: ACIC
- cik: 0001401521
- company_name: AMERICAN COASTAL INSURANCE Corp
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1401521/000140152123000053/0001401521-23-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1401521/000140152123000053/uihc-20230515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001401521-23-000053
- JSON: https://secwatch.observer/filing/0001401521-23-000053.json
- Plain text: https://secwatch.observer/filing/0001401521-23-000053.txt

## Key facts
- Earnings Releases
  AMERICAN COASTAL INSURANCE Corp reported the first quarter ended March 31, 2023 results: revenue Total revenues $ 104,047, net income Consolidated net income (loss) attributable to UIHC $ 260,878, EPS $5.99.
  - Period: the first quarter ended March 31, 2023
  - Revenue: Total revenues $ 104,047
  - Net income: Consolidated net income (loss) attributable to UIHC $ 260,878
  - EPS: $5.99
  - Result: reported results
  source text: 2023 2022 Change Gross premiums written $ 187,123 $ 142,414 31.4 % Gross premiums earned $ 144,476 $ 122,733 17.7 % Net premiums earned $ 87,324 $ 57,746 51.2 % Total revenues $ 104,047 $ 117,361 (11.3) % Earnings from continuing operations, before income tax $ 40,428 $ 5,627 618.5 % Income (loss) from discontinued operations, net of tax $ 230,305 $ (37,904) NM
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401521/000140152123000053/0001401521-23-000053-index.htm

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