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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	278.37	180.7	204.68	659.5	933.5	881.88
Investments in Equity & Preferred Securities	27.91	2.48	19.21	59.69	23.55	129.35
Other Investments	24.43	14	0.13	0.38	38	0.5
Total Investments	330.72	197.19	224.01	719.57	995.05	1,012
Cash & Equivalents	183.15	153.76	70.9	212.02	239.42	215.47
Reinsurance Recoverable	147.07	341.1	796.55	997.12	821.16	550.14
Other Receivables	21.99	49.38	40.91	82.46	92.02	92.47
Deferred Policy Acquisition Cost	43.17	25.04	52.37	38.52	74.41	104.57
Property, Plant & Equipment	7.32	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	6.52	9.32	12.85	19.37	23.42	32.4
Restricted Cash	57.25	18.07	45.99	33.25	62.08	71.59
Other Current Assets	273.96	167.24	1,525	430.63	384.59	270.03
Long-Term Deferred Tax Assets	-	5.3	-	23.92	-	-
Other Long-Term Assets	13.26	30.25	2.64	36.41	48.89	19.04
Total Assets	1,144	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	173.32	370.22	842.96	1,084	1,090	760.36
Unearned Premiums	307.33	293.06	258.98	644.94	723.94	674.06
Reinsurance Payable	122.6	0.32	30.5	248.63	241.64	166.13
Current Portion of Leases	0.01	0.6	0	-	-	-
Long-Term Debt	148.94	148.69	148.36	156.56	158.04	158.93
Long-Term Leases	0.02	0.18	1.69	1.95	2.31	0.36
Long-Term Deferred Tax Liabilities	-	-	0.18	-	4.17	14.56
Other Current Liabilities	49.12	-	1,655	-	-	-
Other Long-Term Liabilities	7.44	3.28	7.67	153.83	120.11	90.37
Total Liabilities	884.29	891.62	3,020	2,367	2,431	1,943
Common Stock	0.01	0.01	0	0	0	0
Additional Paid-In Capital	437.24	423.72	395.63	394.27	393.12	391.85
Retained Earnings	-165.62	-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	-11.62	-17.14	-30.95	-6.53	9.69	11.32
Total Common Equity	259.58	168.77	-182.04	312.41	395.75	503.14
Minority Interest	-	-	-	19.55	21.85	20.73
Shareholders' Equity	259.58	168.77	-182.04	331.96	417.6	523.87
Total Liabilities & Equity	1,144	1,060	2,837	2,699	2,849	2,467
Filing Date Shares Outstanding	47.6	47.35	42.6	42.98	42.83	42.81
Total Common Shares Outstanding	47.6	46.33	42.57	42.81	42.82	42.84
Total Debt	148.96	149.46	150.05	158.51	160.35	159.29
Net Cash (Debt)	34.19	4.3	-79.14	53.51	79.07	56.18
Net Cash Growth	-	-	-	-32.32%	40.74%	-
Net Cash Per Share	0.71	0.10	-1.84	1.25	1.84	1.31
Book Value Per Share	5.45	3.64	-4.28	7.30	9.24	11.74
Tangible Book Value	193.59	99.97	-254.37	220	299.29	397.7
Tangible Book Value Per Share	4.07	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	15.97	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.