Financial Performance - Non-GAAP Core Income decreased by $3.7 million, a -15.3% change year-over-year, to $20.7 million ($0.42 per share) due to higher policy acquisition costs [10] - Net premiums earned increased by $5.7 million, a +9.0% increase year-over-year, reaching $68.3 million [10] - The combined ratio increased to 65.0% from 53.2% in the previous year, while the Non-GAAP underlying combined ratio increased to 68.2% from 52.9% [10] - Net income decreased by $2.251 million, a -9.5% change year-over-year, to $21.348 million [16] - Core income decreased by $3.739 million, a -15.3% change year-over-year, to $20.651 million [16] Balance Sheet and Investments - Total Assets stood at $1.16 billion as of March 31, 2025 [6] - Total Equity was $260.9 million as of March 31, 2025 [6] - Stockholders' equity attributable to ACIC increased by $25.2 million from December 31, 2024, to $260.9 million, or $5.40 per share [10] - Total Cash & Investments increased to $568.827 million, a 5.2% increase from $540.811 million [20] Market and Operations - AmCoastal has roughly 4,239 policies and $660.5 million of premium in-force [5] - The commercial property insurance market in Florida softened, with average premium in-force decreasing by -3.1%, but account retention remained strong at 88.4% [10]