Detail akcie United Insurance Holdings Corp, Ordinary, Consolidated Issue listed on NASDAQ Capital Market online

Business Summary: American Coastal Insurance Corporation is the holding company of the insurance carrier, American Coastal Insurance Company. The Company is primarily engaged in the commercial and personal property and casualty insurance business with investments in the United States. Its primary products are commercial and homeowners' residential property insurance. It has two segments: commercial residential property and casualty insurance policies (commercial lines) and personal residential property and casualty insurance policies (personal lines). Its personal lines business provides structure, content and liability coverage for standard single-family homeowners, renters and condominium unit owners, through its subsidiary Interboro Insurance Company. Personal residential products are offered in New York. Its commercial lines business primarily provides commercial multi-peril property insurance for residential condominium associations and apartments in Florida, through its subsidiary AmCoastal.
Financial Summary: BRIEF: For the three months ended 31 March 2024, American Coastal Insurance Corp revenues decreased 19% to $73.2M. Net income before extraordinary items decreased 22% to $23.6M. Revenues reflect Commercial Lines Business segment decrease of 18% to $66M, Personal Lines Business segment decrease of 27% to $6.9M. Net income also reflects Commercial Lines Business segment income decrease of 16% to $32.8M.