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 fiscal year ended 31 December 2023, American Coastal Insurance Corp revenues increased 6% to $286.5M. Net income before extraordinary items totaled $82.2M vs. loss of $39.9M. Revenues reflect Commercial Lines Business segment increase of 17% to $253.4M, Adjustments segment increase of 85% to $100K. Net Income reflects Commercial Lines Business segment income increase from $35.8M to $118.1M.