other material
confidence medium
sentiment neutral
materiality 0.50
ACIC recasts 2023 financials to classify Interboro as discontinued operations
AMERICAN COASTAL INSURANCE Corp
- Interboro Insurance Company classified as discontinued operations due to pending sale to Forza Insurance Holdings, LLC.
- Company now operates under a single reportable segment following agreement to sell IIC.
- 2023 Form 10-K recast includes revised financial statements and MD&A, effective October 4, 2024.