ACIC Q3 2023 Earnings Presentation | American Coastal Insurance

American Coastal Insurance Corp. (ACIC) reported Q3 2023 results with non-GAAP core income of $14.9 million and gross premiums earned of $165.8 million, reflecting improved rate adequacy in commercial property lines and lower catastrophe losses. The specialty underwriter operates two P&C carriers serving Florida commercial residential and New York homeowners markets with $1.15 billion in total assets. ACIC completed its rebranding from United Insurance Holdings Corp. in August 2023 and launched an at-the-market stock offering to support growth initiatives.