AMERICAN COASTAL INSURANCE Corp
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
ACIC$10.26+2.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets (Unaudited)
| September 30,2025 | December 31,2024 | |
|---|---|---|
| ASSETS | ||
| Investments, at fair value: | ||
| Fixed maturities, available-for-sale (amortized cost of $256,026 and $295,547, respectively) | $246,499 | $281,001 |
| Equity securities | 52,585 | 36,794 |
| Other investments (amortized cost of $36,167 and $22,969, respectively) | 36,827 | 23,623 |
| Total investments | $335,911 | $341,418 |
| Cash and cash equivalents | 267,872 | 137,036 |
| Restricted cash | 91,264 | 62,357 |
| Total cash, cash equivalents and restricted cash | $359,136 | $199,393 |
| Accrued investment income | 3,226 | 2,964 |
| Property and equipment, net | 2,807 | 5,736 |
| Premiums receivable, net (credit allowance of $0 and $26, respectively) | 30,335 | 46,564 |
| Reinsurance recoverable on paid and unpaid losses, net (credit allowance of $39 and $75, respectively) | 144,261 | 263,419 |
| Ceded unearned premiums | 184,366 | 160,893 |
| Goodwill | 59,476 | 59,476 |
| Deferred policy acquisition costs, net | 44,214 | 40,282 |
| Intangible assets, net | 4,080 | 5,908 |
| Other assets | 11,042 | 16,816 |
| Assets held for sale | — | 73,243 |
| Total Assets | $1,178,854 | $1,216,112 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Liabilities: | ||
| Unpaid losses and loss adjustment expenses | $188,703 | $322,087 |
| Unearned premiums | 293,047 | 285,354 |
| Reinsurance payable on premiums | 143,058 | 83,130 |
| Accounts payable and accrued expenses | 64,936 | 86,140 |
| Operating lease liability | 3,193 | 3,323 |
| Notes payable, net | 149,270 | 149,020 |
| Other liabilities | 9,426 | 1,456 |
| Liabilities held for sale | — | 49,942 |
| Total Liabilities | $851,633 | $980,452 |
| Commitments and Contingencies (Note 12) | ||
| Stockholders' Equity: | ||
| Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding | $— | $— |
| Common stock, $0.0001 par value; 100,000,000 shares authorized; 48,977,385 and 48,417,045 issued, respectively; 48,765,302 and 48,204,962 outstanding, respectively | 5 | 5 |
| Additional paid-in capital | 440,549 | 436,524 |
| Treasury shares, at cost: 212,083 shares | (431) | (431) |
| Accumulated other comprehensive loss | (8,403) | (15,666) |
| Retained earnings (deficit) | (104,499) | (184,772) |
| Total Stockholders' Equity | $327,221 | $235,660 |
| Total Liabilities and Stockholders' Equity | $1,178,854 | $1,216,112 |
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