secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN COASTAL INSURANCE Corp (ACIC)
CIK:        0001401521
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001401521-23-000053
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401521/000140152123000053/0001401521-23-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401521/000140152123000053/uihc-20230515.htm
  HTML page:      https://secwatch.observer/filing/0001401521-23-000053

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