Highest-materiality recent filing
ACIC renews 2026/27 catastrophe reinsurance with $1.918B limit, 14.4% increase, cost down 11.1%
Purchased $1.918B occurrence-based limit aggregate, up $241.5M or 14.4% from prior year.
ACIC Q1 2026 core EPS $0.39 misses estimate; premiums down 24.5% YoY
Core income $19.3M ($0.39) vs $20.7M ($0.42) YoY; consensus $0.44.
ACIC Q4 core EPS $0.52 beats $0.41 estimate; combined ratio 58.6% vs 70.3%
Core income $25.8M ($0.52/diluted share) versus $6.0M ($0.12) a year ago; analyst consensus was $0.41.
American Coastal Q3 net income $32.5M ($0.65 EPS); core EPS $0.61 beats est. $0.39
Net premiums earned $80.8M (+8.5% YoY); total revenue $90.4M (+10.1%).
ACIC Q2 net income $26.4M; core EPS $0.54 beats $0.38; combined ratio 60.6%
Core income $26.8M ($0.54 diluted) vs $19.6M ($0.40) YoY, beating analyst estimate of $0.38.
ACIC renews 2025/26 Core CAT program with $1.676B limit, 12.2% risk-adjusted cost decrease
Occurrence-based limit increased 3.9% to $1.676B; first event limit up 5.4% to $1.33B.
American Coastal Q1 core EPS $0.42 vs $0.50 YoY; combined ratio 65%
Net premiums earned $68.3M, up 9.0% YoY; total revenue $72.2M, +8.4%.
American Coastal completes sale of Interboro Insurance to Forza for $26.4M
Sold 100% of Interboro Insurance Company to Forza Insurance Holdings on April 1, 2025.
ACIC Q4 core EPS $0.12 misses estimates, hit by Hurricane Milton losses
Q4 core income $6.0M ($0.12 diluted) vs analyst estimate $0.16; down 66.7% YoY.
American Coastal Insurance appoints B. Bradford Martz as CEO; Peed becomes Executive Chairman
B. Bradford Martz, previously President and CFO, named CEO and President effective February 11, 2025.
ACIC renews AOP CAT reinsurance with lower costs and attachment point; adds CAT Agg
Renewed AOP CAT effective Jan 1, 2025: $90M limit excess of $10M attachment point (down $4M from $14M YoY).
American Coastal Q3 core EPS $0.54 vs est $0.15; book value $5.38; guides FY24 net income $75-80M
Q3 core income $26.9M ($0.54), +73.6% YoY, vs analyst estimate $0.15; combined ratio 57.7% vs 62.7%.
ACIC Q2 core EPS $0.40 beats consensus $0.30; book value $4.63; guides FY net income $85M-$95M
Core EPS $0.40 vs analyst estimate $0.30; book value per share $4.63 vs est $4.58.
American Coastal renews catastrophe reinsurance; AmCoastal limit up 10%, cost down 8.5%
AmCoastal purchased $1.454B occurrence limit (+10% from $1.322B) covering Florida windstorms.
ACIC to sell 100% of Interboro Insurance Company to Forza Insurance Holdings.
Core income (non-GAAP) $24.3M ($0.50), down 20.9% YoY from $30.7M ($0.70).
ACIC Q4 core income $0.39, up 225% YoY; combined ratio 66.6% vs 104.5%
Net income from continuing ops $17.1M ($0.37) vs $1.0M ($0.02) YoY; core income $17.7M ($0.39).
American Coastal Insurance names Svetlana Castle as CFO as Martz steps down
B. Bradford Martz steps down as CFO effective Jan 22, 2024; remains President focused on investor relations and strategy.
ACIC renews AOP CAT reinsurance with $100M limit; cost down 9.24%, coverage up 70.3%
Effective Jan 1, 2024, ACIC renewed AOP CAT providing up to $100M limit excess of $10M per occurrence.
American Coastal Insurance Q3 net income $14.4M vs loss last year; combined ratio 68.7%
Net income from continuing operations $14.4M ($0.33 EPS) vs loss of $27.4M ($0.64 loss) YoY; core income $14.9M.
American Coastal Insurance enters ATM equity distribution agreement for up to 8 million shares
Up to 8,000,000 shares of common stock may be sold at market prices through Raymond James & Associates.
American Coastal recasts 2022 financials to reflect UPC liquidation as discontinued operations
UPC placed into liquidation Feb 27, 2023; Florida DFS appointed receiver; company divested ownership.
American Coastal restates Q1 2023 financials, net income understated by $6.4M
Identified accounting errors in Q1-23 and Q1-22 discontinued ops and income tax; net income understated by ~$6.4M for Q1-23.
American Coastal Insurance Q2 net income $18.2M; combined ratio 67.7%; core EPS $0.65 vs $0.20 YoY
Net income from continuing operations $22.6M ($0.52 diluted EPS) vs $5.8M ($0.14) YoY; consolidated net income $18.2M vs loss of $69.0M.
Q1 2023 continuing ops pre-tax earnings of $40.4M; annualized revenue $416.2M as of March 31, 2023.
United Insurance Holdings enters tax agreement with Florida DFS to recover $38.4M in reinsurance
United Insurance Holdings and its subsidiary American Coastal Insurance Co. signed a Tax Memorandum of Understanding with the Florida DFS on May 15, 2023.
United Insurance Holdings Reports Q1 2023 Net Income of $260.9M, Core Income Up 419%
GAAP net income from continuing operations $30.5M, up 563% from $4.6M in Q1 2022.
United Insurance subsidiary ACIC reaches MOU on Hurricane Ian reinsurance allocation
ACIC and Florida DFS as UPC receiver entered MOU on April 19, 2023 regarding reinsurance allocation.
UIHC reports Q4 net loss $294.9M; subsidiary UPC placed into receivership
Q4 net loss $294.9M ($6.84 diluted EPS); full year net loss $468M ($10.87 EPS).
Circuit Court for Leon County, FL issued consent order on Feb 27, 2023 appointing Florida Dept of Financial Services as receiver for UPC.
UPC subsidiary near insolvency; Hurricane Ian losses surge to $1.54B gross, nets $197M in Q4 2022
UPC expected insolvent as of Dec 31, 2022; Florida OIR notified.
UPC cancels ~72,000 Florida HO3/DP3 policies; Slide simultaneously issues replacement stub policies effective Feb 1, 2023.
KBRA downgrades UIHC debt to BB+ from BBB-; UPC IFSR cut to B+
UIHC issuer/debt rating cut to BB+ from BBB-; UPC IFSR downgraded to B+ from BB-.
FLOIR orders UPCIC run-off; all Florida policies cancelled by May 31, 2023
UPCIC placed under FLOIR administrative supervision for duration of run-off.
Net loss of $70.9M ($1.65 diluted EPS) vs. $14.3M loss year ago; core loss of $57.5M ($1.34/share).
Simultaneous with Mr. Martz's promotion, R. Daniel Peed, age 62, will transition from his former role as Chief Executive Officer and Chairman of the Board of Directors to Executive Chairman of the Board of Directors.
Effective February 11, 2025, American Coastal Insurance Corporation's ("ACIC") Board of Directors appointed B. Bradford Martz, age 53, as Chief Executive Officer and President of ACIC.
Effective January 22, 2024, B. Bradford Martz, President, will step down from his role of Chief Financial Officer to focus on his position as President of American Coastal Insurance Corporation
The Company has appointed Svetlana Castle, JD, MPA, CPA, as the Company's new Chief Financial Officer effective January 22, 2024.
On October 25, 2022, United Insurance Holdings Corp. (the "Company") announced that Ms. Brooke Shirazi has departed from the position of Chief Underwriting Officer of the Company effective October 24, 2022.
On August 2, 2022, United Insurance Holdings Corp. (the "Company") announced that Ms. Alycia Weigley has departed from the position of Chief Talent Officer of the Company effective August 2, 2022.
On June 29, 2022, United Insurance Holdings Corp. (the "Company") announced that Mr. Scott St John resigned from the position of Chief Claims Officer of the Company effective July 8, 2022, to pursue another opportunity.
United Insurance Holdings Corp. (the "Company") appointed Ms. Brooke Shirazi to service as its Chief Underwriting Officer beginning on September 1, 2021.
On July 7, 2021, United Insurance Holdings Corp. (the "Company") announced that Mr. Chris Dittman resigned from the positions of Chief Underwriting Officer and Chief Risk Officer of the Company effective July 15, 2021, to pursue another opportunity.
Max materiality 1.00 · Median 0.65 · Most common event other_material