UNITED INSURANCE(UIHC) - 2025 Q4 - Annual Report

Financial Performance - The company's combined ratio is a key measure of underwriting profitability, with a ratio under 100% indicating an underwriting profit[26]. - 100% of the company's condominium revenue is generated through AmRisc, which manages independent agencies in Florida[27]. - The apartment and assisted living facility policies also generate 100% of their revenue through Skyway Underwriters, which utilizes multiple wholesaler partners[28]. - As of December 31, 2025, the company's risk-based capital (RBC) ratio was 1,757%, significantly exceeding minimum requirements[41]. - The company was fined $400,000 in 2025 related to findings from a statutory financial examination conducted by the Florida Office of Insurance Regulation[38]. - There were no related party transactions for the years ended December 31, 2025, 2024, and 2023, indicating a clean financial record[277]. Environmental Commitment - The company has made a commitment to achieve net-zero carbon emissions by 2030, although it acknowledges that this timeline may need to be recalibrated[56]. Workforce and Diversity - As of December 31, 2025, the company employed 68 individuals, with 11 in the Claims Department and 10 in Sales and Underwriting[61]. - The management team has a gender diversity rate of 44.6%, reflecting a 5.7 percentage point increase from December 31, 2024[65]. - In 2021, a female leader was appointed as General Counsel, and in January 2024, a new female Chief Financial Officer was appointed from outside the organization[67]. - As of December 31, 2025, three of the seven members of the executive leadership team are from underrepresented groups, demonstrating a commitment to ESG goals[67]. - The company emphasizes creating an inclusive environment that reflects the diversity of its policyholders and team[68]. Employee Retention and Benefits - Voluntary attrition rate for the year ended December 31, 2025, was 3.0%, indicating effective employee retention strategies[70]. - Employee benefits include competitive salaries, bonuses, tuition reimbursement, and a robust health care package[73]. Corporate Governance - The company changed its corporate name from United Insurance Holdings Corp. to American Coastal Insurance Corporation on July 10, 2023[71]. - The company operates under one reportable operating segment, with the President and CEO as the chief operating decision maker[72]. - The company has established a culture of accountability and integrity, supported by five core values: collaboration, communication, loyalty, resiliency, and integrity[51]. Transparency and Reporting - The company provides free access to its Annual Reports and other filings through its website, ensuring transparency[75]. - Goodwill is tested for impairment at least annually, with methodologies subject to key judgments and assumptions[275]. Technology and Innovation - The company is focused on leveraging technology and making substantial investments to gain a competitive advantage in the insurance market[34].