American Coastal Insurance Corp (NASDAQ: ACIC) is a Florida-based commercial property and casualty insurance holding company that writes insurance through its wholly owned subsidiary, American Coastal Insurance Company (AmCoastal). Revenue is generated by collecting premiums on commercial property policies, primarily in Florida, with the company targeting markets where large national carriers have reduced their policy concentration due to natural catastrophe risk. ACIC operates as the surviving insurance business after its former personal residential subsidiary, United Property and Casualty Insurance Company, was placed into receivership with the Florida Department of Financial Services on February 27, 2023. The company formerly operated as United Insurance Holdings Corp, adopting the American Coastal Insurance Corporation name on July 10, 2023. CEO B. Bradford Martz serves as President and Chief Executive Officer, with Svetlana Castle as Chief Financial Officer. ACIC paid a special cash dividend of $0.75 per share in January 2026 and received a $23,000,000 dividend from AmCoastal during the year ended December 31, 2025.

Revenue model

Premium income from commercial property and casualty insurance policies written in Florida through AmCoastal. The company cedes a portion of premiums and risk to reinsurers via quota share agreements and catastrophe treaties, retaining a net share of earned premiums after reinsurance costs.

Products and services

Commercial property and casualty insurance policies underwritten through AmCoastal, with reinsurance structures including quota share agreements (e.g., a 20% cession rate treaty covering June 2023 to May 2024, reduced to 15% effective June 1, 2023) and catastrophe excess-of-loss treaties providing ground-up protection for catastrophe and attritional losses.

Customers and end markets

Commercial property owners in Florida, with a target market focus on areas where perceived natural catastrophe exposure has caused large national insurance carriers to reduce policy concentration.

Value-chain role

Primary insurer and underwriter of commercial property and casualty risk, ceding risk to third-party reinsurers. The company relies on independent agents for distribution and third-party administrators and vendors for key operational functions.

Geographic exposure

Florida is the sole revenue-generating state as disclosed in the 10-K filed March 9, 2026.

Source: SEC 10-K, filed 2026-03-09

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