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 Statements of Cash Flows (Unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| OPERATING ACTIVITIES | ||
| Net income | $80,273 | $70,772 |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 5,042 | 6,614 |
| Bond amortization and accretion | 481 | 553 |
| Net realized losses on investments | 411 | 190 |
| Net unrealized gains on equity securities | (3,429) | (1,542) |
| Provision for uncollectable premiums | (26) | 32 |
| Provision for uncollectable reinsurance recoverables | (36) | 58 |
| Deferred income taxes, net | 11,741 | (2,558) |
| Stock based compensation | 3,251 | 1,903 |
| Fixed asset disposal | 61 | 129 |
| Loss on sale of subsidiary | 328 | — |
| Gain on disposition of former subsidiary | — | (1,007) |
| Changes in operating assets and liabilities: | ||
| Accrued investment income | (242) | (1,579) |
| Premiums receivable | 14,687 | 26,425 |
| Reinsurance recoverable on paid and unpaid losses | 119,188 | 193,719 |
| Ceded unearned premiums | (21,402) | (45,792) |
| Deferred policy acquisition costs, net | (4,746) | (22,067) |
| Other assets | 2,519 | 26,368 |
| Unpaid losses and loss adjustment expenses | (133,492) | (175,543) |
| Unearned premiums | 11,029 | 35,857 |
| Reinsurance payable on premiums | 55,961 | 124,656 |
| Accounts payable and accrued expenses | (22,161) | 999 |
| Operating lease liability | (134) | (739) |
| Other liabilities | (527) | 4,459 |
| Net cash provided by operating activities | $118,777 | $241,907 |
| INVESTING ACTIVITIES | ||
| Proceeds from sales, maturities and repayments of: | ||
| Fixed maturities | 112,781 | 12,687 |
| Equity securities | 9,982 | — |
| Other investments | 20,622 | 12,111 |
| Purchases of: | ||
| Fixed maturities | (76,069) | (140,667) |
| Equity securities | (21,028) | (23,995) |
| Other investments | (33,392) | (23,029) |
| Cost of property, equipment and capitalized software acquired | (96) | (11) |
| Net proceeds from sale of former subsidiary | 4,495 | — |
| Net cash provided by (used in) investing activities | $17,295 | $(162,904) |
| FINANCING ACTIVITIES | ||
| Proceeds from issuance of common stock, including exercise of stock options | 774 | 11,621 |
| Net cash provided by financing activities | $774 | $11,621 |
| Increase in cash, cash equivalents and restricted cash, including cash classified as assets held for sale | 136,846 | 90,624 |
| Cash, cash equivalents and restricted cash at beginning of period | 222,290 | 171,832 |
| Cash, cash equivalents and restricted at end of period | $359,136 | $262,456 |
| Supplemental Cash Flows Information | ||
| Interest paid | $5,438 | $5,438 |
| Income taxes refunded | $(1,039) | $(6,564) |
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