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 nine months ended 30 September 2024, American Coastal Insurance Corp revenues increased 2% to $217.4M. Net income before extraordinary items increased 4% to $70.5M. Revenues reflect Adjustments segment increase from $64K to $268K. Net income benefited from Personal Lines Business segment income totaling $296K vs. loss of $10.1M, Adjustments segment loss decrease of 70% to $2.7M, GAAP Expense Ratio - Personal% decrease of 67% to 36.7%.