American Coastal Insurance Corporation (ACIC)

ACIC Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	264.45	180.7	204.68	659.5	933.5	881.88
Investments in Equity & Preferred Securities	17.39	2.48	19.21	59.69	23.55	129.35
Other Investments	29.16	14	0.13	0.38	38	0.5
Total Investments	310.99	197.19	224.01	719.57	995.05	1,012
Cash & Equivalents	229.43	153.76	70.9	212.02	239.42	215.47
Reinsurance Recoverable	206.44	341.1	796.55	997.12	821.16	550.14
Other Receivables	57.6	49.38	40.91	82.46	92.02	92.47
Deferred Policy Acquisition Cost	51.42	25.04	52.37	38.52	74.41	104.57
Property, Plant & Equipment	9.16	4.25	6.49	32.26	34.87	26.75
Goodwill	59.48	59.48	59.48	73.05	73.05	73.05
Other Intangible Assets	7.13	9.32	12.85	19.37	23.42	32.4
Restricted Cash	32.16	18.07	45.99	33.25	62.08	71.59
Other Current Assets	334.56	167.24	1,525	430.63	384.59	270.03
Long-Term Deferred Tax Assets	-	5.3	-	23.92	-	-
Other Long-Term Assets	12.93	30.25	2.64	36.41	48.89	19.04
Total Assets	1,311	1,060	2,837	2,699	2,849	2,467
Accounts Payable	75.53	75.28	74.39	76.26	91.17	78.59
Unpaid Claims	211.43	370.22	842.96	1,084	1,090	760.36
Unearned Premiums	374.49	293.06	258.98	644.94	723.94	674.06
Reinsurance Payable	226.51	0.32	30.5	248.63	241.64	166.13
Current Portion of Leases	0.02	0.6	0	-	-	-
Long-Term Debt	148.85	148.69	148.36	156.56	158.04	158.93
Long-Term Leases	0.05	0.18	1.69	1.95	2.31	0.36
Long-Term Deferred Tax Liabilities	-	-	0.18	-	4.17	14.56
Other Current Liabilities	50.04	-	1,655	-	-	-
Other Long-Term Liabilities	1.29	3.28	7.67	153.83	120.11	90.37
Total Liabilities	1,088	891.62	3,020	2,367	2,431	1,943
Common Stock	0.01	0.01	0	0	0	0
Additional Paid-In Capital	436.38	423.72	395.63	394.27	393.12	391.85
Retained Earnings	-193.74	-237.39	-546.3	-74.9	-6.64	100.39
Treasury Stock	-0.43	-0.43	-0.43	-0.43	-0.43	-0.43
Comprehensive Income & Other	-19.15	-17.14	-30.95	-6.53	9.69	11.32
Total Common Equity	223.07	168.77	-182.04	312.41	395.75	503.14
Minority Interest	-	-	-	19.55	21.85	20.73
Shareholders' Equity	223.07	168.77	-182.04	331.96	417.6	523.87
Total Liabilities & Equity	1,311	1,060	2,837	2,699	2,849	2,467
Filing Date Shares Outstanding	47.55	47.35	42.6	42.98	42.83	42.81
Total Common Shares Outstanding	47.54	46.33	42.57	42.81	42.82	42.84
Total Debt	148.92	149.46	150.05	158.51	160.35	159.29
Net Cash (Debt)	80.51	4.3	-79.14	53.51	79.07	56.18
Net Cash Growth	-	-	-	-32.32%	40.74%	-
Net Cash Per Share	1.71	0.10	-1.84	1.25	1.84	1.31
Book Value Per Share	4.69	3.64	-4.28	7.30	9.24	11.74
Tangible Book Value	156.47	99.97	-254.37	220	299.29	397.7
Tangible Book Value Per Share	3.29	2.16	-5.98	5.14	6.99	9.28
Land	-	-	-	2.11	2.11	2.11
Buildings	-	-	-	9.21	9.21	9.14
Machinery	16.55	8.67	10.58	44.74	45.94	31.86
Construction In Progress	-	-	-	-	-	2.18
Leasehold Improvements	-	0.31	0.75	0.75	0.77	0.02

Source: S&P Capital IQ. Insurance template. Financial Sources.