AMERICAN COASTAL INSURANCE Corp
For the period ended Dec 31, 2025. Filed Mar 9, 2026.
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FY2025 · Filed Mar 9, 2026
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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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| OPERATING ACTIVITIES | |||
| Net income | $106,837 | $75,718 | $309,911 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 6,569 | 8,869 | 10,626 |
| Bond amortization and accretion | 848 | 744 | 1,006 |
| Net realized losses on investments | 412 | 190 | 5,466 |
| Net unrealized gains on equity securities | (4,999) | (1,996) | (2,884) |
| Provision for uncollectable premiums | (26) | 24 | (19) |
| Provision for uncollectable reinsurance recoverables | (45) | 22 | 236 |
| Deferred income taxes, net | 10,284 | (2,364) | 14,436 |
| Stock based compensation | 4,299 | 2,545 | 1,318 |
| Gain on sale of property and equipment | — | — | (588) |
| Fixed asset and intangible asset disposals | 1,369 | 141 | 1,147 |
| Loss on sale of subsidiary | 328 | — | — |
| Gain on disposition of former subsidiary | — | (1,007) | (238,440) |
| Changes in operating assets and liabilities: | |||
| Accrued investment income | (172) | (1,177) | 83 |
| Premiums receivable | (25,425) | (920) | 16,048 |
| Reinsurance recoverable on paid and unpaid losses | 135,253 | 77,402 | 741,141 |
| Ceded unearned premiums | 53,267 | (5,821) | (21,381) |
| Deferred policy acquisition costs, net | 1,653 | (18,889) | 33,981 |
| Other assets | 1,563 | 21,526 | (55,589) |
| Unpaid losses and loss adjustment expenses | (156,494) | (26,635) | (656,286) |
| Unearned premiums | (32,402) | 12,535 | (154,108) |
| Reinsurance payable on premiums | (20,256) | 86,780 | (46,967) |
| Accounts payable and accrued expenses | (10,890) | 11,914 | 2,142 |
| Operating lease liability | (192) | 2,616 | (913) |
| Other liabilities | (756) | 1,292 | (96,369) |
| Net cash provided by (used in) operating activities | $71,025 | $243,509 | $(136,003) |
| INVESTING ACTIVITIES | |||
| Proceeds from sales, maturities and repayments of: | |||
| Fixed maturities | 117,666 | 19,601 | 239,995 |
| Equity securities | 9,998 | — | 40,436 |
| Other investments | 36,160 | 16,147 | 2,418 |
| Purchases of: | |||
| Fixed maturities | (86,995) | (156,316) | (37,780) |
| Equity securities | (29,028) | (34,992) | (79) |
| Other investments | (51,521) | (23,629) | (15,385) |
| Proceeds from sale of property, equipment, and cap software | — | — | 629 |
| Cost of property, equipment and capitalized software acquired | (155) | (22) | (196) |
| Disposition of cash on divestiture of subsidiary | — | — | (232,582) |
| Net proceeds from sale of former subsidiary | 4,495 | — | — |
| Net cash provided by (used in) investing activities | $620 | $(179,211) | $(2,544) |
| FINANCING ACTIVITIES | |||
| Tax withholding payment related to net settlement of equity awards | (1,855) | (1,359) | (24) |
| Dividends | — | (24,102) | — |
| Proceeds from issuance of common stock, including exercise of stock options | 774 | 11,621 | 26,793 |
| Net cash provided by (used in) financing activities | $(1,081) | $(13,840) | $26,769 |
| Increase (decrease) in cash, cash equivalents and restricted cash, including cash classified as assets held for sale | 70,564 | 50,458 | (111,778) |
| Cash, cash equivalents and restricted cash at beginning of period | 222,290 | 171,832 | 283,610 |
| Cash, cash equivalents and restricted at end of period | $292,854 | $222,290 | $171,832 |
| Supplemental Cash Flows Information | |||
| Interest paid | $10,875 | $12,808 | $10,875 |
| Federal income taxes refunded | $— | $(7,201) | $(12,127) |
| Florida state income taxes paid (refunded) | $(987) | $575 | $746 |
| Louisiana state income taxes paid (refunded) | $(35) | $(91) | $270 |
| All other state income taxes paid (refunded) | $(62) | $(67) | $542 |
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