AMERICAN COASTAL INSURANCE (ACIC) 10-Q 21 Aug 23 2023 Q2 Quarterly report Financial data

Document & Entity Information

Document & Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Aug. 09, 2023
Document and Entity Information [Abstract]
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	800 2nd Avenue S.
Document Type	10-Q
Document Quarterly Report	true
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Trading Symbol	ACIC
Title of 12(b) Security	Common Stock, $0.0001 par value per share
Security Exchange Name	NASDAQ
Registrant Name	American Coastal Insurance Corporation
City Area Code	727-
Local Phone Number	895-7737
Central Index Key	0001401521
Filer Category	Non-accelerated Filer
Common Stock, Shares, Outstanding		43,406,486
Document Transition Report	false
Entity File Number	001-35761
Entity Emerging Growth Company	false
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Small Business	true
Entity Current Reporting Status	Yes
Entity Address, City or Town	St. Petersburg,
Entity Address, State or Province	FL
Entity Tax Identification Number	75-3241967
Entity Address, Postal Zip Code	33701
Document Period End Date	Jun. 30, 2023

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Investments, at fair value:
Fixed maturities (amortized cost of $559,163 and $672,139	$ 160,863	$ 204,682
Equity Securities, FV-NI	0	15,657
Other investments (amortized cost of $16,780 and $17,131	3,583	3,675
Total investments	164,446	224,014
Cash and Cash Equivalents	27,767	70,903
Restricted Cash	49,501	45,988
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	77,268	116,891
Accrued Investment Income	1,632	1,605
Property and equipment, net	4,474	5,293
Premiums receivable, net (credit allowance of $28 and $32)	55,651	39,301
Reinsurance Recoverable for Paid and Unpaid Claims and Claims Adjustments (credit allowance of $552 and $563)	658,814	796,546
Ceded uneared premiums	329,676	90,496
Goodwill	59,476	59,476
Deferred policy acquisition costs	34,821	52,369
Intangible Assets, Net (Excluding Goodwill)	10,946	12,770
Other assets, net	35,546	3,920
Total Assets	1,444,855	2,837,496
Liabilities
Unpaid losses and loss adjustment expenses	534,676	842,958
Unearned Premiums	387,311	258,978
Reinsurance Payable	140,662	30,503
Payments outstanding	17,532	2,000
Accounts Payable	93,184	74,386
Operating Lease, Liability	1,172	1,689
Other Liabilities	7,606	5,849
Notes Payable	148,521	148,355
Total Liabilities	1,332,459	3,019,535
Commitments and Contingencies
Stockholders' Equity
Preferred Stock, $0.0001 par value; 1,000,000 shares authorized, none issued or outstanding	0	0
Common Stock, $0.0001 par value; 50,000,000 shares authorized; 43,525,249 and 43,360,429 issued; 43,313,166 and 43,370,442 outstanding, respectively	4	4
Additional Paid in Capital	396,136	395,631
Treasury shares, at cost; 212,083 shares	(431)	(431)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(21,072)	(30,947)
Retained Earnings	(262,241)	(546,296)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	112,396	(182,039)
Total Liabilities and Stockholders' Equity	1,444,855	2,837,496
Disposal Group, Including Discontinued Operation, Assets	12,105	1,434,815
Disposal Group, Including Discontinued Operation, Liabilities	$ 1,795	$ 1,654,817

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0	$ 0.0001
Preferred stock, authorized shares	1,000,000	1,000,000
Preferred stock, issued shares	0	0
Preferred stock, outstanding shares	0	0
Common stock, par value	$ 0	$ 0.0001
Common stock, authorized shares	100,000,000	100,000,000
Common stock, issued shares	43,618,569	43,492,256
Common Stock, Shares, Outstanding	43,406,486	43,280,173
Treasury stock	212,083	212,083
Financing Receivable, Allowance for Credit Loss	$ 0	$ 0
Premium Receivable, Allowance for Credit Loss	28	32
Reinsurance Recoverable, Allowance for Credit Loss	169	333
Fixed Maturities
Schedule of Available-for-sale Securities
Fixed maturities, cost	185,046	237,735
Other Long-term Investments
Schedule of Available-for-sale Securities
Fixed maturities, cost	$ 3,403	$ 3,072

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
REVENUE:
Change in gross unearned premiums			$ 59,854	$ (14,657)
Investment Income, Net	$ 2,692	$ 1,839	5,281	3,243
EXPENSES:
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	(17,779)	69,055	(285,059)	102,312
Net Income (Loss) Attributable to Noncontrolling Interest	0	(26)	0	(111)
Net income (loss)	17,779	(69,029)	285,059	(102,201)
OTHER COMPREHENSIVE INCOME:
Change in net unrealized gains (losses) on investments	(2,168)	(16,590)	2,063	(44,279)
Reclassification adjustment for net realized investment (gains) losses	6,725	78	6,808	1,847
Income tax benefit (expense) related to items of other comprehensive income	0	(6,187)	0	49
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	22,336	(91,754)	293,930	(144,695)
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	0	479	0	(164)
Total comprehensive income	$ 22,336	$ (92,233)	$ 293,930	$ (144,531)
Weighted-average shares outstanding
Weighted-average shares outstanding	43,229,416	43,049,227	43,178,758	43,015,114
Weighted-average diluted shares	43,805,217	43,049,227	43,690,435	43,015,114
Earnings Per Share
Basic earnings per share	$ 0.42	$ (1.60)	$ 6.59	$ (2.37)
Diluted earnings per share	$ 0.41	$ (1.60)	$ 6.52	$ (2.37)
Unearned premiums			$ (59,854)	$ 14,657
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 17,779	$ (69,055)	$ 285,059	$ (102,312)
Basic earnings per share	$ 0.42	$ (1.60)	$ 6.59	$ (2.37)
Diluted earnings per share	$ 0.41	$ (1.60)	$ 6.52	$ (2.37)
Investment Income, Net	$ 2,692	$ 1,839	$ 5,281	$ 3,243
Net Income (Loss) Attributable to Noncontrolling Interest	0	(26)	0	(111)
Change in net unrealized gains (losses) on investments	(2,168)	(16,590)	2,063	(44,279)
Reclassification adjustment for net realized investment (gains) losses	6,725	78	6,808	1,847
Income tax benefit (expense) related to items of other comprehensive income	0	(6,187)	0	49
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	22,336	(91,754)	293,930	(144,695)
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	0	479	0	(164)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ 22,336	$ (92,233)	$ 293,930	$ (144,531)
Weighted-average shares outstanding	43,229,416	43,049,227	43,178,758	43,015,114
Weighted-average diluted shares	43,805,217	43,049,227	43,690,435	43,015,114
Net Income (Loss), Parent	$ 17,779	$ (69,029)	$ 285,059	$ (102,201)
Continuing Operations
REVENUE:
Gross premiums written	243,885	207,632	431,008	350,046
Change in gross unearned premiums	(85,686)	(78,149)	(128,333)	(97,830)
Gross premiums earned	158,199	129,483	302,675	252,216
Ceded premiums earned	(75,030)	(64,951)	(132,182)	(129,938)
Net premiums earned	83,169	64,532	170,493	122,278
Investment Income, Net	2,692	1,839	5,281	3,243
Gain (Loss) on Investments	(6,725)	(77)	(6,808)	(40)
Increase (Decrease) in Equity Securities, FV-NI	141	(2,391)	615	(3,161)
Other revenue	18	7	34	22
Total revenue	(79,295)	(63,910)	(169,615)	(122,342)
EXPENSES:
Losses and loss adjustment expenses	20,915	14,032	37,327	40,347
Policy acquisition costs	25,545	23,570	52,517	43,878
Operating Costs and Expenses	3,274	3,820	5,442	7,527
General and administrative expenses	6,583	8,208	15,376	16,272
Interest expense	(2,719)	(2,363)	(5,438)	(4,722)
Total expenses	59,036	51,993	116,100	112,746
Income (loss) before other income	20,259	11,917	53,515	9,596
Other income	806	258	1,394	1,591
Provision for income taxes	713	25,486	4,190	24,771
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	(20,352)	13,311	(50,719)	13,584
Net Income (Loss) Attributable to Noncontrolling Interest	0	(26)	0	(111)
Net income (loss)	$ 20,352	$ (13,285)	$ 50,719	$ (13,473)
Earnings Per Share
Basic earnings per share	$ 0.48	$ (0.31)	$ 1.16	$ (0.31)
Diluted earnings per share	$ 0.47	$ (0.31)	$ 1.16	$ (0.31)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$ 21,065	$ 12,175	$ 54,909	$ 11,187
Unearned premiums	85,686	78,149	128,333	97,830
Revenues	79,295	63,910	169,615	122,342
Interest expense	2,719	2,363	5,438	4,722
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 20,352	$ (13,311)	$ 50,719	$ (13,584)
Basic earnings per share	$ 0.48	$ (0.31)	$ 1.16	$ (0.31)
Diluted earnings per share	$ 0.47	$ (0.31)	$ 1.16	$ (0.31)
Insurance Agency Management Fee			$ 0	$ 0
Gross premiums written	$ 243,885	$ 207,632	431,008	350,046
Gross premiums earned	158,199	129,483	302,675	252,216
Ceded Premiums Earned	75,030	64,951	132,182	129,938
Premiums Earned, Net, Property and Casualty	83,169	64,532	170,493	122,278
Investment Income, Net	2,692	1,839	5,281	3,243
Gain (Loss) on Investments	(6,725)	(77)	(6,808)	(40)
Increase (Decrease) in Equity Securities, FV-NI	141	(2,391)	615	(3,161)
Other revenue	18	7	34	22
Losses and loss adjustment expenses	20,915	14,032	37,327	40,347
Policy acquisition costs	25,545	23,570	52,517	43,878
Operating Costs and Expenses	3,274	3,820	5,442	7,527
General and administrative expenses	6,583	8,208	15,376	16,272
Costs and Expenses	59,036	51,993	116,100	112,746
Operating Income (Loss)	20,259	11,917	53,515	9,596
Other income	806	258	1,394	1,591
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	21,065	12,175	54,909	11,187
Provision for income taxes	713	25,486	4,190	24,771
Net Income (Loss) Attributable to Noncontrolling Interest	0	(26)	0	(111)
Net Income (Loss), Parent	20,352	(13,285)	50,719	(13,473)
Discontinued Operations
REVENUE:
Gross premiums written	0	174,094	(120,608)	320,922
Change in gross unearned premiums	0	13,243	198,154	72,969
Gross premiums earned	0	187,337	77,546	393,891
Ceded premiums earned	0	(140,463)	(48,203)	(303,906)
Net premiums earned	0	46,874	29,343	89,985
Investment Income, Net	0	1,301	2,182	2,375
Gain (Loss) on Investments	0	(1)	1,343	(1,807)
Increase (Decrease) in Equity Securities, FV-NI	0	(2,693)	2,080	(4,191)
Other revenue	0	6,411	2,717	9,474
Total revenue	0	(51,892)	(37,665)	(95,836)
EXPENSES:
Losses and loss adjustment expenses	1,191	76,051	36,417	141,115
Policy acquisition costs	(170)	5,418	(1,522)	11,126
Operating Costs and Expenses	507	9,199	4,503	17,740
General and administrative expenses	1,275	6,286	2,559	14,227
Interest expense	0	(31)	(22)	(50)
Total expenses	2,803	96,985	41,979	184,258
Income (loss) before other income	(2,803)	(45,093)	(4,314)	(88,422)
Other income	0	13	0	23
Provision for income taxes	(230)	10,664	(214)	329
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	$ 2,573	$ 55,744	$ (234,340)	$ 88,728
Earnings Per Share
Basic earnings per share	$ (0.06)	$ (1.29)	$ 5.43	$ (2.06)
Diluted earnings per share	$ (0.06)	$ (1.29)	$ 5.36	$ (2.06)
Unearned premiums	$ 0	$ (13,243)	$ (198,154)	$ (72,969)
Revenues	0	51,892	37,665	95,836
Interest expense	0	31	22	50
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ (2,573)	$ (55,744)	$ 234,340	$ (88,728)
Basic earnings per share	$ (0.06)	$ (1.29)	$ 5.43	$ (2.06)
Diluted earnings per share	$ (0.06)	$ (1.29)	$ 5.36	$ (2.06)
Gross premiums written	$ 0	$ 174,094	$ (120,608)	$ 320,922
Gross premiums earned	0	187,337	77,546	393,891
Ceded Premiums Earned	0	140,463	48,203	303,906
Premiums Earned, Net, Property and Casualty	0	46,874	29,343	89,985
Investment Income, Net	0	1,301	2,182	2,375
Gain (Loss) on Investments	0	(1)	1,343	(1,807)
Increase (Decrease) in Equity Securities, FV-NI	0	(2,693)	2,080	(4,191)
Other revenue	0	6,411	2,717	9,474
Losses and loss adjustment expenses	1,191	76,051	36,417	141,115
Policy acquisition costs	(170)	5,418	(1,522)	11,126
Operating Costs and Expenses	507	9,199	4,503	17,740
General and administrative expenses	1,275	6,286	2,559	14,227
Costs and Expenses	2,803	96,985	41,979	184,258
Operating Income (Loss)	(2,803)	(45,093)	(4,314)	(88,422)
Other income	0	13	0	23
Provision for income taxes	$ (230)	$ 10,664	$ (214)	$ 329

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Comprehensive Income	Retained Earnings	Parent	Noncontrolling Interest	Treasury Stock, Common
Common Stock, Shares, Outstanding		43,370,442
Stockholders' Equity Attributable to Parent		$ 4	$ 394,268	$ (6,531)	$ (74,904)	$ 312,406		$ (431)
Stockholders' Equity Attributable to Noncontrolling Interest							$ 19,551
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 331,957
Net Income (Loss), Parent	(102,201)				(102,201)	(102,201)
Net Income (Loss) Attributable to Noncontrolling Interest	(111)						(111)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(102,312)
Other Comprehensive Income (Loss), Parent				(42,330)		(42,330)
Other Comprehensive Income (Loss), NCI							(53)
Other Comprehensive Income (Loss), Total	(42,383)
Shares Issued, Shares, Share-based Payment Arrangement, before Forfeiture		(57,276)
Stock Issued During Period, Value, Restricted Stock Award, Gross	634		634			634
Dividends, Common Stock, Cash	(2,589)				(2,589)	(2,589)
Return of capital - Noncontrolling interest	(18,335)				1,052	1,052	(19,387)
Common Stock, Shares, Outstanding		43,257,595
Stockholders' Equity Attributable to Parent		$ 4	394,720	(25,657)	(110,665)	257,971		(431)
Stockholders' Equity Attributable to Noncontrolling Interest							18,908
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	276,879
Net Income (Loss), Parent	(69,029)				(69,029)	(69,029)
Net Income (Loss) Attributable to Noncontrolling Interest	(26)						(26)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(69,055)
Other Comprehensive Income (Loss), Parent				(23,204)		(23,204)
Other Comprehensive Income (Loss), NCI							505
Other Comprehensive Income (Loss), Total	(22,699)
Shares Issued, Shares, Share-based Payment Arrangement, before Forfeiture		55,571
Stock Issued During Period, Value, Restricted Stock Award, Gross	182		182			182
Return of capital - Noncontrolling interest	(18,335)				1,052	1,052	(19,387)
Common Stock, Shares, Outstanding		43,313,166
Stockholders' Equity Attributable to Parent		$ 4	394,902	(48,861)	(178,642)	166,972		(431)
Stockholders' Equity Attributable to Noncontrolling Interest							$ 0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 166,972
Common Stock, Shares, Outstanding	43,280,173	43,280,173
Stockholders' Equity Attributable to Parent		$ 4	395,631	(30,947)	(546,296)	(182,039)		(431)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ (182,039)
Net Income (Loss), Parent	285,059				285,059	285,059
Net Income (Loss) Attributable to Noncontrolling Interest	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	285,059
Other Comprehensive Income (Loss), Parent				8,871		8,871
Other Comprehensive Income (Loss), Total	8,871
Impact of Deconsolidation of Discontinued Operations	(1,004)
Shares Issued, Shares, Share-based Payment Arrangement, before Forfeiture		126,313
Stock Issued During Period, Value, Restricted Stock Award, Gross	505		505			505
Return of capital - Noncontrolling interest	0
Impact of Deconsolidation on OCI - Discontinued Operations.	1,004
Common Stock, Shares, Outstanding		43,274,359
Stockholders' Equity Attributable to Parent		$ 4	395,966	(25,629)	(280,020)	89,890		(431)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	89,890
Net Income (Loss), Parent	17,779				17,779	17,779
Net Income (Loss) Attributable to Noncontrolling Interest	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	17,779
Other Comprehensive Income (Loss), Parent				4,557		4,557
Other Comprehensive Income (Loss), Total	4,557
Shares Issued, Shares, Share-based Payment Arrangement, before Forfeiture		132,127
Stock Issued During Period, Value, Restricted Stock Award, Gross	$ 170		170			170
Common Stock, Shares, Outstanding	43,406,486	43,406,486
Stockholders' Equity Attributable to Parent		$ 4	$ 396,136	$ (21,072)	$ (262,241)	$ 112,396		$ (431)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 112,396

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
OPERATING ACTIVITIES
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 285,059	$ (102,312)
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	4,281	5,042
Bond amortization and accretion	499	3,041
Net realized gains (losses)	5,464	1,847
Unrealized Gain (Loss) on Investments	(2,694)	7,352
Provision for uncollectable premiums/over and short	4	6
Reinsurance Recoverable Change in Credit Loss Allowance	(164)	(223)
Deferred income taxes, net	3,310	24,764
Stock based compensation	505	634
Proceeds from contractual commitment	0	3,800
Gain on sale of building	(559)	(1,528)
Gain (Loss) on Disposition of Assets	953	343
Changes in operating assets and liabilities:
Accrued investment income	555	200
Premiums receivable	7,648	(22,386)
Reinsurance recoverable on paid and unpaid losses	423,501	239,386
Ceded unearned premiums	(191,910)	(72,033)
Deferred policy acquisition costs, net	24,201	(38,671)
Other assets	(49,699)	(1,728)
Unpaid losses and loss adjustment expenses	(491,831)	(234,456)
Unearned premiums	(59,854)	14,657
Reinsurance payable	93,378	189,059
Payments outstanding	(53,287)	(5,561)
Accounts Payable	21,837	(7,693)
Change in Operating Lease Liability	(517)	(334)
Other liabilities	(15,391)	4,634
Net cash provided by operating activities	(232,823)	8,286
INVESTING ACTIVITIES
Proceeds from sales and maturities of fixed maturities	230,424	107,536
Proceeds from Sale of Equity Securities, FV-NI	40,322	88
Proceeds from Sale and Maturity of Other Investments	500	1,464
Payments to Acquire Fixed Maturities, Available-for-sale	(11,786)	(18,334)
Payments to Acquire Equity Securities, FV-NI	35	(6,253)
Payments to Acquire Other Investments	(759)	(840)
Proceeds from Sale of Property, Plant, and Equipment	599	3,966
Cost of property, equipment and capitalized software acquired	(273)	(2,360)
Net cash provided by (used in) investing activities	26,480	85,267
FINANCING ACTIVITIES
Repayments of borrowings	0	(761)
Payments of Dividends	0	(2,589)
Return of capital - Noncontrolling interest	0	(18,335)
Net Cash Provided by (Used in) Financing Activities	0	(21,685)
Cash, Cash Equivalents, Restricted Cash at beginning of period	116,891
Cash, Cash Equivalents, Restricted Cash at end of period	77,268
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	(206,343)	71,868
Supplemental Cash Flows Information
Interest Paid	5,438	4,771
Income taxes paid	614	644
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax	(238,440)	0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	77,268
Proceeds from Divestiture of Businesses, Net of Cash Divested	(232,582)	0
Continuing Operations
OPERATING ACTIVITIES
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	50,719	(13,584)
Adjustments to reconcile net income to net cash provided by operating activities
Unrealized Gain (Loss) on Investments	(615)	3,161
Changes in operating assets and liabilities:
Unearned premiums	128,333	97,830
FINANCING ACTIVITIES
Cash, Cash Equivalents, Restricted Cash at beginning of period	283,611	245,278
Cash, Cash Equivalents, Restricted Cash at end of period	77,268	317,146
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	77,268	317,146
Discontinued Operations
OPERATING ACTIVITIES
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	234,340	(88,728)
Changes in operating assets and liabilities:
Unearned premiums	$ (198,154)	$ (72,969)

Organization, Consolidation and

Organization, Consolidation and Presentation	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure	ORGANIZATION, CONSOLIDATION AND PRESENTATION (a) Business American Coastal Insurance Corporation (referred to in this document as we, our, us, the Company or ACIC) is a property and casualty insurance holding company that sources, writes and services residential commercial and personal property and casualty insurance policies using a network of agents and two wholly-owned insurance subsidiaries. On July 10, 2023, we changed our corporate name from United Insurance Holdings Corp. to American Coastal Insurance Corporation. Our two insurance subsidiaries are Interboro Insurance Company (IIC), acquired via merger on April 29, 2016; and American Coastal Insurance Company (AmCoastal), acquired via merger on April 3, 2017. Our other subsidiaries include United Insurance Management, L.C. (UIM), a managing general agent; Skyway Claims Services, LLC, which provides claims adjusting services to AmCoastal; AmCo Holding Company, LLC (AmCo) which is a holding company subsidiary that consolidates its respective insurance company; BlueLine Cayman Holdings (BlueLine), which reinsures portfolios of excess and surplus policies; UPC Re, which provides a portion of the reinsurance protection purchased by our insurance subsidiaries when needed; Skyway Reinsurance Services, LLC, which provides reinsurance brokerage services for our insurance companies; Skyway Legal Services, LLC (SLS), which provides claims litigation services to our insurance companies; and Skyway Technologies, LLC (SCS), a managing general agent that provides technological and distribution services to our insurance companies. Our primary products are commercial and homeowners' residential property insurance. We currently offer commercial residential insurance in Florida. During 2022, we also wrote commercial residential insurance in South Carolina and Texas, however, effective May 1, 2022, we no longer write in these states. In addition, we write personal residential insurance in New York. During 2022, we wrote personal residential business in six other states; however on February 27, 2023, our former insurance subsidiary, United Property & Casualty Insurance Company (UPC) was placed into receivership with the Florida Department of Financial Services (DFS), which divested our ownership of UPC. The events leading to receivership and results of this subsidiary, now included within discontinued operations, are discussed in Note 3 below. On August 25, 2022, we announced that our former subsidiary UPC had filed plans for withdrawal in the states of Florida, Louisiana, and Texas and intended to file a plan for withdrawal in the state of New York. All filed plans entail non-renewing personal lines policies in these states. Additionally, we announced that Demotech, Inc. (Demotech), an insurance rating agency, notified UPC of its intent to withdraw UPC's Financial Stability Rating. On December 5, 2022, the Florida Office of Insurance Regulation ("FLOIR") issued Consent Order No. 303643-22- CO that provided for the administrative supervision and approval of the plan of run-off for UPC (the "Consent Order"). The Consent Order provided formal approval of UPC's Plan of Run-Off (the "Plan") to facilitate a solvent wind down of its affairs in an orderly fashion. Additionally, in connection with the Plan, IIC agreed to not pay ordinary dividends without the prior approval of the New York Department of Financial Services until January 1, 2025. On February 10, 2023, we announced that a solvent run-off of UPC was unlikely and on February 27, 2023, UPC was placed into receivership with the Florida Department of Financial Services (the "DFS") which divested our ownership of UPC. Effective June 1, 2022, we merged our majority-owned insurance subsidiary, Journey Insurance Company (JIC) into AmCoastal, with AmCoastal being the surviving entity. JIC was formed in strategic partnership with a subsidiary of Tokio Marine Kiln Group Limited (Kiln) on August 30, 2018 and operated independently from AmCoastal prior to the merging of the entities. The Kiln subsidiary held a noncontrolling interest in JIC, which was terminated prior to the merger. Effective June 1, 2022, we entered into a quota share reinsurance agreement with TypTap Insurance Company (Typtap). Under the terms of this agreement, we ceded 100% of our former subsidiary UPC's in-force, new, and renewal policies in the states of Georgia, North Carolina and South Carolina. Effective June 1, 2022, we began the transition of South Carolina policies to Homeowners Choice Property and Casualty Insurance Company, Inc. (HCPCI) in connection with our renewal rights agreement. Effective October 1, 2022, we transitioned Georgia policies to HCPCI in connection with our renewal rights agreement. Effective December 1, 2022, we began the transition of North Carolina policies to HCPCI in connection with our renewal rights agreement. As a result, these policies will no longer be covered under this agreement upon their renewal. This agreement replaces the 85% quota share agreement with HCPCI effective December 31, 2021. Effective May 31, 2022, we merged Family Security Insurance Company, Inc. (FSIC) into our former subsidiary UPC, with UPC being the surviving entity. FSIC was acquired via merger on February 3, 2015, and operated independently from UPC prior to the merging of the entities. In conjunction with the merger, we dissolved Family Security Holdings (FSH), a holding company subsidiary that consolidated its respective insurance company, FSIC. Effective June 1, 2021, we entered into a quota share reinsurance agreement with HCPCI and TypTap. Under the terms of this agreement, we ceded 100% of our former subsidiary UPC's in-force, new, and renewal policies in the states of Connecticut, New Jersey, Massachusetts, and Rhode Island. The cession of these policies was 50% to HCPCI and 50% to TypTap. HCPCI is responsible for processing all claims as a part of this agreement. As of April 1, 2022, we completed the transition of all policies in these four states to HCPCI in connection with our renewal rights agreement (Northeast Renewal Agreement) to sell UPC's personal lines homeowners business in these states. We conduct our operations under two reportable segments, commercial residential property and casualty insurance policies (commercial lines) and personal residential property and casualty insurance policies (personal lines). Our chief operating decision maker is our President, who makes decisions to allocate resources and assesses performance at both segment levels, as well as at the corporate level. (b) Consolidation and Presentation We prepare our unaudited condensed consolidated interim financial statements in conformity with U.S. generally accepted accounting principles (GAAP). We have condensed or omitted certain information and footnote disclosures normally included in the annual consolidated financial statements presented in accordance with GAAP. In management's opinion, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, including normal recurring items, considered necessary for a fair presentation of interim periods. We include all of our subsidiaries in our consolidated financial statements, eliminating intercompany balances and transactions during consolidation. As described in Note 2 , our former subsidiary, UPC, and activities related directly to supporting the business conducted by UPC qualify as discontinued operations. Our unaudited condensed consolidated interim financial statements and footnotes should be read in conjunction with our consolidated financial statements and footnotes in our Annual Report on Form 10-K for the year ended December 31, 2022. While preparing our unaudited condensed consolidated financial statements, we make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements, as well as reported amounts of revenues and expenses during the reporting period. Accordingly, actual results could differ from those estimates. Reported amounts that require us to make extensive use of estimates include our reserves for unpaid losses and loss adjustment expenses, investments and goodwill. Except for the captions on our Unaudited Condensed Consolidated Balance Sheets and Unaudited Condensed Consolidated Statements of Comprehensive Loss, we generally use the term loss(es) to collectively refer to both loss and loss adjustment expenses. Our results of operations and our cash flows as of the end of the interim periods reported herein do not necessarily indicate our results for the remainder of the year or for any other future period. (c) Going Concern Our unaudited condensed consolidated interim financial statements have been prepared in accordance with GAAP assuming the Company will continue as a going concern. As disclosed in our Annual Report on Form 10-K for the year ended December 31, 2022, our subsidiary AmCoastal is a part of a combined reinsurance program with our former subsidiary, UPC. To properly allocate the reinsurance recoverables under the shared catastrophe treaties, UPC and AmCoastal entered into a reinsurance allocation agreement that became effective on June 1, 2022 (the "Allocation Agreement"). The Allocation Agreement was filed with and approved by the FLOIR on December 5, 2022. On February 10, 2023, we announced that a solvent run-off of UPC was unlikely, driven by Hurricane Ian losses which exhausted UPC's reinsurance coverage. On February 27, 2023, UPC was placed into receivership with the DFS which divested our ownership of UPC. As of the date of filing our Annual Report, the DFS had not recognized the Allocation Agreement, leaving uncertainty regarding the timing of both recoveries currently held by UPC that are allocated to AmCoastal and future recoverables. Management also believed that the ability for AmCoastal to obtain adequate reinsurance to meet its needs for the June 1, 2023 to May 31, 2024 catastrophe cover could only be accomplished assuming that recoveries due to AmCoastal pursuant to the Allocation Agreement could be resolved in short order. However, on April 19, 2023, AmCoastal entered into a Memorandum of Understanding with the DFS. Under the terms of the Memorandum, AmCoastal and the DFS as receiver of UPC have reached the following agreement: 1. The DFS adopts, ratifies and affirms the Allocation Agreement. 2. All future reinsurance recoverable under reinsurance agreements applicable to the Allocation Agreement for Hurricane Ian losses shall be paid, either directly from the reinsurers or directly from the reinsurance intermediary responsible therefor, to AmCoastal. If a true up adjustment demonstrates that any future reinsurance recoveries were over-collected by AmCoastal, AmCoastal will remit any over-payment to UPC. On May 15, 2023, the Company, together with it's subsidiary, AmCoastal, entered into a Tax Memorandum of Understanding (the "Tax Memorandum") with the DFS as receiver of the Company's former subsidiary, UPC. On February 27, 2023, UPC entered into receivership with the DFS as receiver. As of March 31, 2023, in accordance with the various reinsurance allocation agreements including the Allocation Agreement described above, the Company is due approximately $38,352,000 of net reinsurance recoveries received by UPC on behalf of the Company but not settled prior to receivership. In addition, in April ACIC paid reinsurance premiums on behalf of UPC totaling $12,929,000. The Company and the DFS believe that an opportunity exists to settle these balances via the realization of certain deferred tax assets of the Company's consolidated Federal and Florida tax returns to which ACIC and UPC belong. UPC holds certain deferred tax assets that are believed to be on no value to UPC on a stand-alone basis. However, AmCoastal and the Company have the opportunity, subject to certain conditions such as continuing and adequate profitability, to realize these assets. Under the terms of the Tax Memorandum, the Company, AmCoastal and the DFS as receiver of UPC have reached the following agreement: 1. The parties agree to cooperate with one another to achieve realization of the deferred tax assets; 2. The parties agree to deposit the funds that are or may be due to UPC pursuant to the Tax Allocation Agreement into a segregated account (the "DTA Account") held by AmCoastal that will serve as collateral for any amount payable from or to UPC; 3. The parties agree that the Federal Income Tax Allocation Agreement entered into prior to UPC’s receivership is ratified and accepted by all parties; 4. The parties agree to an annual “true up” of the allocation of the disputed recoveries to the extent that such recoveries were not allocated correctly according to the Reinsurance Allocation Agreement; 5. In the event that AmCoastal, ACIC, or any of their affiliates make a claim or file a proof of claim in the UPC estate, the reviewed, approved, and/or adjudicated claim shall be reduced by the amount of (a) any tax benefit collectively received by AmCoastal, ACIC, or any of their affiliates as well as (b) any money withdrawn from the DTA Account for the benefit of any entity other than UPC; and 6. In the event that the benefit received by the Company is greater than the disputed recoveries, the difference shall be paid to DFS as receiver of UPC. The Tax Memorandum allows the Company to secure amounts due from UPC to AmCoastal provided the Internal Revenue Service does not object to the Company utilizing UPC's net operating loss carry-forward against its future taxable income. We believe probability of the Internal Revenue Service (IRS) allowing the Company to utilize UPC's net operating losses is more likely than not based on other entities having successfully accomplished this and prior permission or approval from the IRS not being required. The execution of these MOUs prior to June 30, 2023 alleviate the uncertainty regarding future recoverables, and recoveries currently held by UPC. In addition, as of March 31, 2023, the Company had not finalized its catastrophe cover for June 1, 2023 to May 31, 2024. However, as of June 30, 2023, the Company has finalized this cover, alleviating the uncertainty of this placement. As a result, the Company has concluded substantial doubt no longer exists regarding its ability to continue as a going concern.

Significant Accounting Policies

Significant Accounting Policies Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Significant Accounting Policies	SIGNIFICANT ACCOUNTING POLICIES (a) Income Taxes In June 2022, we assessed our deferred tax position and believed it was more likely than not that the benefit from certain net operating loss (NOL) carryforwards, net capital operating loss carryforwards and other net deferred tax assets would not be realized. In recognition of this risk, we recorded a valuation allowance against these deferred tax assets as of June 30, 2022. During the second quarter of 2023, we evaluated our position based on the results of our continuing operations and determined that it is more likely than not that we will be able to realize the benefit from these NOL carryforwards and other net deferred tax assets. Accordingly, we have reversed the valuation allowance on these deferred tax assets, totaling $2,223,000. On May 15, we entered into the Tax Memorandum with DFS, as described in Note 1 above. As a result of this Memorandum, any benefit received from the use of UPC's net operating losses are due to to the DFS as receiver of UPC. The expense related to this remittance is presented within our provision for income taxes on our Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss), offsetting the tax benefit recognized. (b) Changes to Significant Accounting Policies During the three months ended March 31, 2023, our former subsidiary, UPC, was placed into receivership with the DFS. As described in Note 1 , effective February 27, 2023, this receivership divested our ownership of UPC. This disposal, as well as the activities related directly to supporting the business conducted by UPC were evaluated for qualification as discontinued operations. The results of operations of business are reported as discontinued operations when the disposal represents a strategic shift that will have a major effect on the entity's operations and financial results. When a business is identified for discontinued operations reporting: • Results for prior periods are retroactively reclassified as discontinued operations; • Results of operations are reported in a single line, net of tax, in the Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss); and • Assets and liabilities are reported as held for disposal in the Unaudited Condensed Consolidated Balance Sheets Additional details by major classification of operating results and financial position are included in Note 3 . There have been no other changes to our significant accounting policies as reported in our Annual Report on Form 10-K for the year ended December 31, 2022. (c) Pending Accounting Pronouncements

Discontinued Operations and Dis

Discontinued Operations and Disposal Groups	6 Months Ended
	Jun. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Income Statement Disclosure	3) DISCONTINUED OPERATIONS On August 25, 2022, we announced that our former subsidiary UPC had filed plans for withdrawal in the states of Florida, Louisiana, and Texas and intended to file a plan for withdrawal in the state of New York. All filed plans entailed non-renewing personal lines policies in these states. Additionally, we announced that Demotech, an insurance rating agency, notified UPC of its intent to withdraw UPC's Financial Stability Rating. On December 5, 2022, the FLOIR issued Consent Order No. 303643-22- CO that provided for the administrative supervision and approval of the plan of run-off for UPC (the "Consent Order"). The Consent Order provided formal approval of UPC's Plan of Run-Off (the "Plan") to facilitate a solvent wind down of its affairs in an orderly fashion. On February 10, 2023, we announced that a solvent run-off of UPC was unlikely, driven by Hurricane Ian losses which exhausted UPC's reinsurance coverage. On February 27, 2023, UPC was placed into receivership with the DFS which divested our ownership of UPC. In the first quarter of 2023, the assets and liabilities of UPC were divested. In addition, activities provided by our entities, SCS, SLS and UIM, related directly to supporting the business conducted by UPC have been included. The assets and liabilities for the balance sheet as of December 31, 2022 are reclassified as held for disposal retrospectively, and the results of UPC and activities related directly to supporting the business conducted by UPC are presented as discontinued operations for all periods presented. The results from discontinued operations for the three and six months ended June 30, 2023 and 2022 are presented below. Results From Discontinued Operations Three Months Ended Six Months Ended 2023 2022 2023 2022 REVENUE: Gross premiums written $ — $ 174,094 $ (120,608) $ 320,922 Change in gross unearned premiums — 13,243 198,154 72,969 Gross premiums earned — 187,337 77,546 393,891 Ceded premiums earned — (140,463) (48,203) (303,906) Net premiums earned — 46,874 29,343 89,985 Net investment income — 1,301 2,182 2,375 Net realized investment gains (losses) — (1) 1,343 (1,807) Net unrealized gains (losses) on equity securities — (2,693) 2,080 (4,191) Other revenue — 6,411 2,717 9,474 Total revenue — 51,892 37,665 95,836 EXPENSES: Losses and loss adjustment expenses 1,191 76,051 36,417 141,115 Policy acquisition costs (170) 5,418 (1,522) 11,126 Operating expenses 507 9,199 4,503 17,740 General and administrative expenses 1,275 6,286 2,559 14,227 Interest expense — 31 22 50 Total expenses 2,803 96,985 41,979 184,258 Loss before other income (2,803) (45,093) (4,314) (88,422) Other income (loss) — 13 — 23 Loss before income taxes (2,803) (45,080) (4,314) (88,399) Provision (benefit) for income taxes (230) 10,664 (214) 329 Income (loss) from discontinued operations, net of tax $ (2,573) $ (55,744) $ (4,100) $ (88,728) As of February 28, 2023, the Company completed the disposal of its former subsidiary, UPC. This divestiture resulted in a gain of $238,440,000 for the three months ended March 31, 2023. This gain was driven by the negative equity position of UPC. The major classes of assets and liabilities transferred as a result of the transaction as of the date of transfer and December 31, 2022 are presented below. Major Classes of Assets and Liabilities Disposed Closing (1) December 31, 2022 ASSETS Fixed maturities, available-for-sale $ 1,380 $ 171,781 Equity securities 272 23,363 Other investments 12,882 12,952 Cash and cash equivalents 224,824 158,990 Restricted cash 7,758 7,730 Accrued investment income 875 1,457 Premiums receivable, net 22,733 46,736 Reinsurance recoverable on paid and unpaid losses, net 548,929 834,863 Ceded unearned premiums 75,262 122,533 Deferred policy acquisition costs, net (89) (2,046) Other assets 53,675 33,548 Total assets $ 948,501 $ 1,411,907 LIABILITIES Unpaid losses and loss adjustment expenses 920,431 1,103,980 Unearned premiums 98,655 286,842 Reinsurance payable on premiums 12,612 29,394 Payments outstanding 144,238 213,058 Accounts payable and accrued expenses 1,361 (872) Other liabilities 3,476 14,658 Notes payable, net 4,118 4,118 Total Liabilities $ 1,184,891 $ 1,651,178 (1) The Company divested its ownership on February 27, 2023, the date the DFS was appointed as receiver of the entity. In addition, the major classes of assets and liabilities remaining related to activities directly supporting the business conducted by UPC are outlined in the table below as of June 30, 2023 and December 31, 2022. Major Classes of Assets and Liabilities Held for Disposal June 30, 2023 December 31, 2022 ASSETS Property and equipment, net 12,105 14,299 Deferred policy acquisition costs — 8,609 Total assets $ 12,105 $ 22,908 LIABILITIES Commissions Payable 1,795 987 Unearned Policy Fees — 2,652 Total Liabilities $ 1,795 $ 3,639 The discontinued operations of the Company incurred $488,000 and $748,000 of amortization expense during the six months ended June 30, 2023 and 2022, respectively. There were no other noncash transactions for either period.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Reporting Disclosure	) SEGMENT REPORTING Personal Lines Business Our personal lines business provides structure, content and liability coverage for standard single-family homeowners, renters and condominium unit owners, through our subsidiary IIC. Personal residential products are offered in New York. We include coverage to policyholders for loss or damage to dwellings, detached structures or equipment caused by covered causes of loss such as fire, wind, hail, water, theft and vandalism. We have developed a unique and proprietary homeowners’ product. This product uses a granular approach to pricing for catastrophe perils. We have focused on using independent agencies as a channel of distribution for our personal lines business. All of our personal lines business is managed internally. Commercial Lines Business Our commercial lines business primarily provides commercial multi-peril property insurance for residential condominium associations and apartments in Florida, through our subsidiary AmCoastal. We include coverage to policyholders for loss or damage to buildings, inventory or equipment caused by covered causes of loss such as fire, wind, hail, water, theft and vandalism. We also wrote commercial residential coverage through our subsidiary JIC, in South Carolina and Texas. Effective June 1, 2022, JIC was merged into AmCoastal, with AmCoastal being the surviving entity. As a result, the commercial residential policies originally written by JIC were not renewed effective May 31, 2022. All of our commercial lines business is administered by an outside managing general underwriter, AmRisc, LLC (AmRisc). This includes handling the underwriting, claims processing and premium collection related to our commercial business. In return, AmRisc is reimbursed through monthly management fees. International Catastrophe Insurance Managers (ICAT) handled the underwriting and premium collection for JIC’s commercial business written in South Carolina and Texas and was also reimbursed through monthly management fees. Effective May 31, 2022, the Company terminated its agreement with ICAT. Please note the following similarities pertaining to the accounting and transactions of our operating segments for the three and six months ended June 30, 2023 and 2022: • Both operating segments follow the accounting policies as reported in our Annual Report on Form 10-K for the year ended December 31, 2022; • Neither operating segment experienced significant noncash transactions outside of depreciation and amortization for the three and six months ended June 30, 2023 and 2022. The tables below present the information for each of the reportable segment's profit or loss, as well as segment assets for the three and six months ended June 30, 2023 and 2022. We have restated our segments to reflect the discontinued operations disclosed in Note 3 , excluding the result of the entity for all periods presented. Three Months Ended June 30, 2023 Commercial Personal (1) Adjustments Consolidated REVENUE: Gross premiums written $ 236,822 $ 7,063 $ — $ 243,885 Change in gross unearned premiums (91,011) 5,325 — (85,686) Gross premiums earned 145,811 12,388 — 158,199 Ceded premiums earned (71,825) (3,205) — (75,030) Net premiums earned 73,986 9,183 — 83,169 Net investment income 1,866 804 22 2,692 Net realized gains (losses) (6,708) (17) — (6,725) Net unrealized losses on equity securities 140 — 1 141 Other revenue — 18 — 18 Total revenues 69,284 9,988 23 79,295 EXPENSES: Losses and loss adjustment expenses 16,245 4,670 — 20,915 Policy acquisition costs 23,526 2,019 — 25,545 Operating expenses 1,501 1,669 104 3,274 General and administrative expenses (2) 2,631 3,772 180 6,583 Interest expense — — 2,719 2,719 Total expenses 43,903 12,130 3,003 59,036 Income (loss) before other income 25,381 (2,142) (2,980) 20,259 Other income (loss) — 806 — 806 Income (loss) before income taxes $ 25,381 $ (1,336) (2,980) 21,065 Provision for income taxes 713 713 Net income (loss) $ (3,693) $ 20,352 Less: Net loss attributable to noncontrolling interests — — Net income (loss) attributable to ACIC $ (3,693) $ 20,352 Loss ratio, net (3) (4) 22.0 % 50.9 % 25.1 % Expense ratio (3) (5) 37.4 % 81.2 % 42.6 % Combined ratio (3) (6) 59.4 % 132.1 % 67.7 % Total segment assets $ 1,612,469 $ (233,324) $ 53,605 $ 1,432,750 (1) Our personal lines income statement also includes amounts related to subsidiaries outside of our insurance companies. We have included these items as these subsidiaries directly support our personal lines operations. (2) Included in our General and Administrative expenses is $996,000 and $811,000 of depreciation and amortization expense related to our personal and commercial lines assets, respectively. (3) As these are calculated ratios, the addition of the ratios will not result in the same value as the consolidated ratio. To calculate the consolidated ratio please see the corresponding footnote below. (4) Loss ratio, net is calculated as losses and LAE net of losses ceded to reinsurers, relative to net premiums earned. Management uses this operating metric to analyze our loss trends and believes it is useful for investors to evaluate this component separately from our other operating expenses. (5) Expense ratio is calculated as the sum of all operating expenses less interest expense relative to net premiums earned. Management uses this operating metric to analyze our expense trends and believes it is useful for investors to evaluate these components separately from our loss expenses. (6) Combined ratio is the sum of the loss ratio, net and expense ratio. Management uses this operating metric to analyze our total expense trends and believes it is a key indicator for investors when evaluating the overall profitability of our business. Three Months Ended June 30, 2022 Commercial Personal (1) Adjustments Consolidated REVENUE: Gross premiums written $ 181,067 $ 26,565 $ — $ 207,632 Change in gross unearned premiums (67,849) (10,300) — (78,149) Gross premiums earned 113,218 16,265 — 129,483 Ceded premiums earned (61,771) (3,180) — (64,951) Net premiums earned 51,447 13,085 — 64,532 Net investment income 1,476 353 10 1,839 Net realized gains (losses) (79) 2 — (77) Net unrealized losses on equity securities (2,390) — (1) (2,391) Other revenue — 7 — 7 Total revenues 50,454 13,447 9 63,910 EXPENSES: Losses and loss adjustment expenses 8,194 5,838 — 14,032 Policy acquisition costs 19,928 3,642 — 23,570 Operating expenses 1,127 2,606 87 3,820 General and administrative expenses (2) 2,421 5,285 502 8,208 Interest expense — — 2,363 2,363 Total expenses 31,670 17,371 2,952 51,993 Income (loss) before other income 18,784 (3,924) (2,943) 11,917 Other income (loss) 2 199 57 258 Income (loss) before income taxes $ 18,786 $ (3,725) (2,886) 12,175 Provision for income taxes 25,486 25,486 Net income (loss) $ (28,372) $ (13,311) Less: Net loss attributable to noncontrolling interests (26) (26) Net income (loss) attributable to ACIC $ (28,346) $ (13,285) Loss ratio, net (3) (4) 15.9 % 44.6 % 21.7 % Expense ratio (3) (5) 45.6 % 88.1 % 55.2 % Combined ratio (3) (6) 61.5 % 132.7 % 76.9 % Total segment assets $ 1,352,713 $ (471,806) $ 304,824 $ 1,185,731 (1) Our personal lines income statement also includes amounts related to subsidiaries outside of our insurance companies. We have included these items as these subsidiaries directly support our personal lines operations. (2) Included in our General and Administrative expenses is $1,047,000 and $877,000 of depreciation and amortization expense related to our personal and commercial lines assets, respectively. (3) As these are calculated ratios, the addition of the ratios will not result in the same value as the consolidated ratio. To calculate the consolidated ratio please see the corresponding footnote below. (4) Loss ratio, net is calculated as losses and LAE net of losses ceded to reinsurers, relative to net premiums earned. Management uses this operating metric to analyze our loss trends and believes it is useful for investors to evaluate this component separately from our other operating expenses. (5) Expense ratio is calculated as the sum of all operating expenses less interest expense relative to net premiums earned. Management uses this operating metric to analyze our expense trends and believes it is useful for investors to evaluate these components separately from our loss expenses. (6) Combined ratio is the sum of the loss ratio, net and expense ratio. Management uses this operating metric to analyze our total expense trends and believes it is a key indicator for investors when evaluating the overall profitability of our business. Six Months Ended June 30, 2023 Commercial Personal (1) Adjustments Consolidated REVENUE: Gross premiums written $ 413,463 $ 17,545 $ — $ 431,008 Change in gross unearned premiums (135,618) 7,285 — (128,333) Gross premiums earned 277,845 24,830 — 302,675 Ceded premiums earned (125,199) (6,983) — (132,182) Net premiums earned 152,646 17,847 — 170,493 Net investment income 3,652 1,586 43 5,281 Net realized gains (losses) (6,791) (17) — (6,808) Net unrealized losses on equity securities 613 — 2 615 Management fee income — — — — Other revenue — 34 — 34 Total revenues 150,120 19,450 45 169,615 EXPENSES: Losses and loss adjustment expenses 30,146 7,181 — 37,327 Policy acquisition costs 48,692 3,825 — 52,517 Operating expenses 1,597 3,617 228 5,442 General and administrative expenses (2) 5,385 9,679 312 15,376 Interest expense — — 5,438 5,438 Total expenses 85,820 24,302 5,978 116,100 Income (loss) before other income 64,300 (4,852) (5,933) 53,515 Other income (loss) — 1,609 (215) 1,394 Income (loss) before income taxes $ 64,300 $ (3,243) (6,148) 54,909 Provision for income taxes 4,190 4,190 Net income (loss) $ (10,338) $ 50,719 Less: Net loss attributable to noncontrolling interests — — Net income (loss) attributable to ACIC $ (10,338) $ 50,719 Loss ratio, net (3) (4) 19.7 % 40.2 % 21.9 % Expense ratio (3) (5) 36.5 % 95.9 % 43.0 % Combined ratio (3) (6) 56.2 % 136.1 % 64.9 % Total segment assets $ 1,612,469 $ (233,324) $ 53,605 $ 1,432,750 (1) Our personal lines income statement also includes amounts related to subsidiaries outside of our insurance companies. We have included these items as these subsidiaries directly support our personal lines operations. (2) Included in our General and Administrative expenses is $2,003,000 and $1,623,000 of depreciation and amortization expense related to our personal and commercial lines assets, respectively. (3) As these are calculated ratios, the addition of the ratios will not result in the same value as the consolidated ratio. To calculate the consolidated ratio please see the corresponding footnote below. (4) Loss ratio, net is calculated as losses and LAE net of losses ceded to reinsurers, relative to net premiums earned. Management uses this operating metric to analyze our loss trends and believes it is useful for investors to evaluate this component separately from our other operating expenses. (5) Expense ratio is calculated as the sum of all operating expenses less interest expense relative to net premiums earned. Management uses this operating metric to analyze our expense trends and believes it is useful for investors to evaluate these components separately from our loss expenses. (6) Combined ratio is the sum of the loss ratio, net and expense ratio. Management uses this operating metric to analyze our total expense trends and believes it is a key indicator for investors when evaluating the overall profitability of our business. Six Months Ended June 30, 2022 Commercial Personal (1) Adjustments Consolidated REVENUE: Gross premiums written $ 309,031 $ 41,015 $ — $ 350,046 Change in gross unearned premiums (88,348) (9,482) — (97,830) Gross premiums earned 220,683 31,533 — 252,216 Ceded premiums earned (123,793) (6,145) — (129,938) Net premiums earned 96,890 25,388 — 122,278 Net investment income 2,603 621 19 3,243 Net realized gains (77) 37 — (40) Net unrealized losses on equity securities (3,159) — (2) (3,161) Management fee income — — Other revenue — 22 — 22 Total revenues 96,257 26,068 17 122,342 EXPENSES: Losses and loss adjustment expenses 22,308 18,039 — 40,347 Policy acquisition costs 36,606 7,272 — 43,878 Operating expenses 2,236 5,113 178 7,527 General and administrative expenses (2) 4,741 10,648 883 16,272 Interest expense — — 4,722 4,722 Total expenses 65,891 41,072 5,783 112,746 Income (loss) before other income 30,366 (15,004) (5,766) 9,596 Other income 2 (78) 1,667 1,591 Income (loss) before income taxes $ 30,368 $ (15,082) (4,099) 11,187 Provision for income taxes 24,771 24,771 Net income (loss) $ (28,870) $ (13,584) Less: Net income attributable to noncontrolling interests (111) (111) Net income (loss) attributable to ACIC $ (28,759) $ (13,473) Loss ratio, net (3) (4) (7) 23.0 % 71.1 % 33.0 % Expense ratio (3) (5) (7) 45.0 % 90.7 % 55.3 % Combined ratio (3) (6) (7) 68.0 % 161.8 % 88.3 % Total segment assets $ 1,352,713 $ (471,806) $ 304,824 $ 1,185,731 (1) Our personal lines income statement also includes amounts related to subsidiaries outside of our insurance companies. We have included these items as these subsidiaries directly support our personal lines operations. (2) Included in our General and Administrative expenses is $2,121,000 and $1,762,000 of depreciation and amortization expense related to our personal and commercial lines assets, respectively. (3) As these are calculated ratios, the addition of the ratios will not result in the same value as the consolidated ratio. To calculate the consolidated ratio please see the corresponding footnote below. (4) Loss ratio, net is calculated as losses and LAE net of losses ceded to reinsurers, relative to net premiums earned. Management uses this operating metric to analyze our loss trends and believes it is useful for investors to evaluate this component separately from our other operating expenses . (5) Expense ratio is calculated as the sum of all operating expenses less interest expense relative to net premiums earned. Management uses this operating metric to analyze our expense trends and believes it is useful for investors to evaluate these components separately from our loss expenses. (6) Combined ratio is the sum of the loss ratio, net and expense ratio. Management uses this operating metric to analyze our total expense trends and believes it is a key indicator for investors when evaluating the overall profitability of our business.

Investments

Investments	6 Months Ended
	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Investments	INVESTMENTS The following table details fixed-maturity available-for-sale securities, by major investment category, at June 30, 2023 and December 31, 2022: Cost or Adjusted/Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value June 30, 2023 U.S. government and agency securities $ 2,493 $ — $ 100 $ 2,393 Foreign government 1,000 — 5 995 States, municipalities and political subdivisions 26,470 11 3,002 23,479 Public utilities 5,672 — 663 5,009 Corporate securities 72,088 — 10,318 61,770 Mortgage-backed securities 57,652 — 8,188 49,464 Asset-backed securities 19,671 — 1,918 17,753 Total fixed maturities $ 185,046 $ 11 $ 24,194 $ 160,863 December 31, 2022 U.S. government and agency securities $ 2,490 $ — $ 105 $ 2,385 Foreign government 1,000 — 9 991 States, municipalities and political subdivisions 30,958 2 4,065 26,895 Public utilities 8,936 — 1,242 7,694 Corporate securities 99,062 20 15,739 83,343 Mortgage-backed securities 65,251 — 9,136 56,115 Asset-backed securities 30,038 9 2,788 27,259 Total fixed maturities $ 237,735 $ 31 $ 33,084 $ 204,682 Equity securities are summarized as follows: June 30, 2023 December 31, 2022 Estimated Fair Value Percent of Total Estimated Fair Value Percent of Total Mutual funds $ — — % $ 15,657 100.0 % When we sell investments, we calculate the gain or loss realized on the sale by comparing the sales price (fair value) to the cost or adjusted/amortized cost of the security sold. We determine the cost or adjusted/amortized cost of the security sold using the specific-identification method. The following table details our realized gains (losses) by major investment category for the three and six months ended June 30, 2023 and 2022, respectively: 2023 2022 Gains Fair Value at Sale Gains Fair Value at Sale Three Months Ended June 30, Fixed maturities $ 55 $ 7,698 $ 23 $ 12,541 Equity securities 165 5,786 — — Short-term investments — — — — Total realized gains 220 13,484 23 12,541 Fixed maturities (6,280) 44,516 (100) 1,010 Equity securities (665) 10,372 — — Short-term investments — — — — Total realized losses (6,945) 54,888 (100) 1,010 Net realized investment gains (losses) $ (6,725) $ 68,372 $ (77) $ 13,551 Six Months Ended June 30, Fixed maturities $ 59 $ 12,990 $ 64 $ 24,733 Equity securities 165 5,786 — — Short-term investments — 126 — — Total realized gains 224 18,902 64 24,733 Fixed maturities (6,367) 44,475 (104) 1,261 Equity securities (665) 10,372 — — Short-term investments — — — — Total realized losses (7,032) 54,847 (104) 1,261 Net realized investment gains (losses) $ (6,808) $ 73,749 $ (40) $ 25,994 The table below summarizes our fixed maturities at June 30, 2023 by contractual maturity periods. Actual results may differ as issuers may have the right to call or prepay obligations, with or without penalties, prior to the contractual maturities of those obligations. June 30, 2023 Cost or Amortized Cost Percent of Total Fair Value Percent of Total Due in one year or less $ 5,798 3.1 % $ 5,728 3.6 % Due after one year through five years 38,018 20.5 34,426 21.4 Due after five years through ten years 58,951 31.9 49,482 30.8 Due after ten years 4,956 2.7 4,010 2.5 Asset and mortgage-backed securities 77,323 41.8 67,217 41.7 Total $ 185,046 100.0 % $ 160,863 100.0 % The following table summarizes our net investment income by major investment category: Three Months Ended Six Months Ended 2023 2022 2023 2022 Fixed maturities $ 1,224 $ 1,583 $ 2,496 $ 3,014 Equity securities — 62 81 128 Cash and cash equivalents 1,624 195 2,928 217 Other investments (84) 117 (78) 172 Investment income 2,764 1,957 5,427 3,531 Investment expenses (72) (118) (146) (288) Net investment income $ 2,692 $ 1,839 $ 5,281 $ 3,243 Portfolio monitoring We have a quarterly portfolio monitoring process to identify and evaluate each fixed-income security whose carrying value may be impaired as the result of a credit loss. For each fixed-income security in an unrealized loss position, if we determine that we intend to sell the security or that it is more likely than not that we will be required to sell the security before recovery of the cost or amortized cost basis for reasons such as liquidity needs, contractual or regulatory requirements, the security's entire decline in fair value is recorded in earnings. If our management decides not to sell the fixed-income security and it is more likely than not that we will not be required to sell the fixed-income security before recovery of its amortized cost basis, we evaluate whether the decline in fair value has resulted from credit losses or other factors. This is typically indicated by a change in the rating of the security assigned by a rating agency, and any adverse conditions specifically related to the security or industry, among other factors. If the assessment indicates that a credit loss may exist, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses will be recorded in earnings. Credit loss is limited to the difference between a security's amortized cost basis and its fair value. Any additional impairment not recorded through an allowance for credit losses is recognized in other comprehensive loss. During the three and six months ended June 30, 2023, we determined that none of our fixed-income securities shown in the table below that are in an unrealized loss position have declines in fair value that are reflected as a result of credit losses. Therefore, no credit loss allowance was recorded at June 30, 2023. The issuers of our debt security investments continue to make interest payments on a timely basis. We do not intend to sell, nor is it likely that we would be required to sell the debt securities before we recover our amortized cost basis. Equity securities are reported at fair value with changes in fair value recognized in the valuation of equity investments. The following table presents an aging of our unrealized investment losses by investment class: Less Than Twelve Months Twelve Months or More Number of Securities (1) Gross Unrealized Losses Fair Value Number of Securities (1) Gross Unrealized Losses Fair Value June 30, 2023 U.S. government and agency securities 1 $ 7 $ 992 2 $ 93 $ 1,400 Foreign governments 1 5 995 — — — States, municipalities and political subdivisions 7 52 3,412 42 2,950 19,323 Public utilities — — — 12 663 5,008 Corporate securities 14 245 4,675 130 10,073 57,090 Mortgage-backed securities 5 135 1,744 118 8,053 47,719 Asset-backed securities 8 73 3,376 45 1,845 14,494 Total fixed maturities 36 $ 517 $ 15,194 349 $ 23,677 $ 145,034 December 31, 2022 U.S. government and agency securities 3 $ 105 $ 2,385 — $ — $ — Foreign governments 1 9 991 — — — States, municipalities and political subdivisions 21 540 7,306 31 3,525 18,853 Public utilities 8 193 2,286 4 1,049 5,408 Corporate securities 78 2,279 24,594 77 13,460 57,765 Mortgage-backed securities 48 1,282 15,259 80 7,854 40,856 Asset-backed securities 16 795 6,397 46 1,993 19,028 Total fixed maturities 175 $ 5,203 $ 59,218 238 $ 27,881 $ 141,910 (1) This amount represents the actual number of discrete securities, not the number of shares or units of those securities. The numbers are not presented in thousands. Fair value measurement Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The hierarchy for inputs used in determining fair value maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that observable inputs be used when available. Assets and liabilities recorded on our Unaudited Condensed Consolidated Balance Sheets at fair value are categorized in the fair value hierarchy based on the observability of inputs to the valuation techniques as follows: Level 1: Assets and liabilities whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market that we can access. Level 2: Assets and liabilities whose values are based on the following: (a) Quoted prices for similar assets or liabilities in active markets; (b) Quoted prices for identical or similar assets or liabilities in markets that are not active; or (c) Valuation models whose inputs are observable, directly or indirectly, for substantially the full term of the asset or liability. Level 3: Assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. Unobservable inputs reflect our estimates of the assumptions that market participants would use in valuing the assets and liabilities. We estimate the fair value of our investments using the closing prices on the last business day of the reporting period, obtained from active markets such as the NYSE, Nasdaq and NYSE American. For securities for which quoted prices in active markets are unavailable, we use a third-party pricing service that utilizes quoted prices in active markets for similar instruments, benchmark interest rates, broker quotes and other relevant inputs to estimate the fair value of those securities for which quoted prices are unavailable. Our estimates of fair value reflect the interest rate environment that existed as of the close of business on June 30, 2023 and December 31, 2022. Changes in interest rates subsequent to June 30, 2023 may affect the fair value of our investments. The fair value of our fixed maturities is initially calculated by a third-party pricing service. Valuation service providers typically obtain data about market transactions and other key valuation model inputs from multiple sources and, through the use of proprietary models, produce valuation information in the form of a single fair value for individual fixed-income and other securities for which a fair value has been requested. The inputs used by the valuation service providers include, but are not limited to, market prices from recently completed transactions and transactions of comparable securities, interest rate yield curves, credit spreads, liquidity spreads, currency rates and other information, as applicable. Credit and liquidity spreads are typically implied from completed transactions and transactions of comparable securities. Valuation service providers also use proprietary discounted cash flow models that are widely accepted in the financial services industry and similar to those used by other market participants to value the same financial information. The valuation models take into account, among other things, market observable information as of the measurement date, as described above, as well as the specific attributes of the security being valued, including its term, interest rate, credit rating, industry sector and, where applicable, collateral quality and other issue or issuer specific information. Executing valuation models effectively requires seasoned professional judgment and experience. Any change in the estimated fair value of our fixed-income securities would impact the amount of unrealized gain or loss we have recorded, which could change the amount we have recorded for our investments and other comprehensive loss on our Unaudited Condensed Consolidated Balance Sheet as of June 30, 2023. The following table presents the fair value of our financial instruments measured on a recurring basis by level at June 30, 2023 and December 31, 2022: Total Level 1 Level 2 Level 3 June 30, 2023 U.S. government and agency securities $ 2,393 $ — $ 2,393 $ — Foreign government 995 — 995 — States, municipalities and political subdivisions 23,479 — 23,479 — Public utilities 5,009 — 5,009 — Corporate securities 61,770 — 61,770 — Mortgage-backed securities 49,464 — 49,464 — Asset-backed securities 17,753 — 17,753 — Total fixed maturities 160,863 — 160,863 — Mutual funds — — — — Total equity securities — — — — Other investments (1) 116 — 116 — Total investments $ 160,979 $ — $ 160,979 $ — December 31, 2022 U.S. government and agency securities $ 2,385 $ — $ 2,385 $ — Foreign government 991 — 991 — States, municipalities and political subdivisions 26,895 — 26,895 — Public utilities 7,694 — 7,694 — Corporate securities 83,343 — 83,343 — Mortgage-backed securities 56,115 — 56,115 — Asset-backed securities 27,259 — 27,259 — Total fixed maturities 204,682 — 204,682 — Mutual Funds 15,657 15,657 — — Total equity securities 15,657 15,657 — — Other investments (1) 125 — 125 — Total investments $ 220,464 $ 15,657 $ 204,807 $ — (1) Other investments included in the fair value hierarchy exclude these limited partnership interests that are measured at estimated fair value using the net asset value per share (or its equivalent) practical expedient. Certain financial assets and financial liabilities are measured at fair value on a non-recurring basis; this is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). There were no financial instruments measured on a non-recurring basis at June 30, 2023 and December 31, 2022. The carrying amounts for the following financial instrument categories approximate their fair values at June 30, 2023 and December 31, 2022, because of their short-term nature: cash and cash equivalents, accrued investment income, premiums receivable, reinsurance recoverable, reinsurance payable, other assets, and other liabilities. The carrying amount of our senior notes approximate fair value as the interest rates and terms are variable. We are responsible for the determination of fair value and the supporting assumptions and methodologies. We have implemented a system of processes and controls designed to provide assurance that our assets and liabilities are appropriately valued. For fair values received from third parties, our processes are designed to provide assurance that the valuation methodologies and inputs are appropriate and consistently applied, the assumptions are reasonable and consistent with the objective of determining fair value, and the fair values are accurately recorded. At the end of each quarter, we determine whether we need to transfer the fair values of any securities between levels of the fair value hierarchy and, if so, we report the transfer as of the end of the quarter. During the quarter ended June 30, 2023, we transferred no investments between levels. For our investments in U.S. government securities that do not have prices in active markets, agency securities, state and municipal governments, and corporate bonds, we obtain the fair values from our investment custodians, which use a third-party valuation service. The valuation service calculates prices for our investments in the aforementioned security types on a month-end basis by using several matrix-pricing methodologies that incorporate inputs from various sources. The model the valuation service uses to price U.S. government securities and securities of states and municipalities incorporates inputs from active market makers and inter-dealer brokers. To price corporate bonds and agency securities, the valuation service calculates non-call yield spreads on all issuers, uses option-adjusted yield spreads to account for any early redemption features, and adds final spreads to the U.S. Treasury curve at 3 p.m. (ET) as of quarter end. Since the inputs the valuation service uses in its calculations are not quoted prices in active markets, but are observable inputs, they represent Level 2 inputs. Other investments We acquired investments in limited partnerships, recorded in the other investments line of our Unaudited Condensed Consolidated Balance Sheets, and these investments are currently being measured at estimated fair value utilizing a net asset value per share (or its equivalent) practical expedient. The information presented in the table below is as of June 30, 2023: Book Value Unrealized Gain Unrealized Loss Fair Value June 30, 2023 Limited partnership investments (1) $ 3,286 $ 722 $ 541 $ 3,467 Certificates of deposit — — — — Short-term investments 117 — 1 116 Total other investments $ 3,403 $ 722 $ 542 $ 3,583 (1) Distributions will be generated from investment gains, from operating income, from underlying investments of funds, and from liquidation of the underlying assets of the funds. We estimate that the underlying assets of the funds will be liquidated over the next few months to five years. Restricted Cash We are required to maintain assets on deposit with various regulatory authorities to support our insurance operations. The cash on deposit with state regulators is available to settle insurance liabilities. We also use trust funds in certain reinsurance transactions. The following table presents the components of restricted assets: June 30, 2023 December 31, 2022 Trust funds $ 48,874 $ 45,364 Cash on deposit (regulatory deposits) 627 624 Total restricted cash $ 49,501 $ 45,988 In addition to the cash held on deposit described above, we also have securities on deposit with regulators, which are presented within our Fixed Maturities or Other Investments lines on the Unaudited Condensed Balance Sheets, dependent upon if they are short-term or long-term in nature. The table below shows the carrying value of those securities held on deposit with regulators. June 30, 2023 December 31, 2022 Invested assets on deposit (regulatory deposits) $ 2,493 $ 2,616

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE (EPS)Basic EPS is based on the weighted average number of common shares outstanding for the period, excluding any dilutive common share equivalents. Diluted EPS reflects the potential dilution resulting from the vesting of outstanding restricted stock awards, restricted stock units, performance stock units and stock options. The following table shows the computation of basic and diluted EPS for the three and six month periods ended June 30, 2023 and 2022, respectively: Three Months Ended Six Months Ended 2023 2022 2023 2022 Numerator: Net income (loss) attributable to ACIC common stockholders $ 17,779 $ (69,029) $ 285,059 $ (102,201) Denominator: Weighted-average shares outstanding 43,229,416 43,049,227 43,178,758 43,015,114 Effect of dilutive securities 575,801 — 511,677 — Weighted-average diluted shares 43,805,217 43,049,227 43,690,435 43,015,114 Earnings available to ACIC common stockholders per share Basic $ 0.42 $ (1.60) $ 6.59 $ (2.37) Diluted $ 0.41 $ (1.60) $ 6.52 $ (2.37) See Note 17 of these Notes to Unaudited Condensed Consolidated Financial Statements for additional information on the stock grants related to dilutive securities.

Property and Equipment, Net

Property and Equipment, Net	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	PROPERTY AND EQUIPMENT, NET Property and equipment, net consists of the following: June 30, December 31, Computer hardware and software (software in progress of $76 and $82, respectively) $ 8,134 $ 8,164 Office furniture and equipment 806 1,414 Leasehold improvements 311 753 Leased vehicles (1) — 1,080 Total, at cost 9,251 11,411 Less: accumulated depreciation and amortization (4,777) (6,118) Property and equipment, net $ 4,474 $ 5,293 (1) Includes vehicles under financing leases. See Note 12 of these Notes to Unaudited Condensed Consolidated Financial Statements for further information on leases. Depreciation and amortization expense under property and equipment was $996,000 and $2,004,000 for the three and six months ended June 30, 2023, respectively. Depreciation and amortization expense under property and equipment was $1,230,000 and $2,502,000 for the three and six months ended June 30, 2022, respectively. During the six months ended June 30, 2023, we sold or disposed of leased vehicles totaling $1,069,000. The accumulated depreciation on these vehicles totaled $1,038,000 at the time of disposal. We realized a net gain on this disposal of $559,000. We disposed of computer hardware and software totaling $811,000. The accumulated depreciation on these systems totaled $321,000 at the time of disposal. In addition, we disposed of office furniture totaling $691,000 during the period. Accumulated depreciation at the time of this disposal totaled $644,000. During the year ended December 31, 2022

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	) GOODWILL AND INTANGIBLE ASSETS Goodwill The carrying amount of goodwill at June 30, 2023 and December 31, 2022 was $59,476,000. No impairment in the value of goodwill was recognized during the three or six month period ended June 30, 2023. As a result of the strategic decision to place our former subsidiary UPC into an orderly runoff, we recognized an impairment of our personal lines reporting unit's goodwill totaling $10,156,000 during the third quarter of 2022. The goodwill attributable to our commercial lines reporting unit was most recently tested for impairment during the fourth quarter of 2022. It was determined that there was no impairment in the value of the asset as of December 31, 2022. Goodwill allocated to our commercial lines reporting unit was $59,476,000 at June 30, 2023 and December 31, 2022. There was no goodwill allocated to our personal lines reporting unit at June 30, 2023 and December 31, 2022. There was no goodwill acquired or disposed of during the six month periods ended June 30, 2023 and 2022 . Accumulated impairment related to goodwill was $10,156,000 at June 30, 2023 and December 31, 2022. Intangible Assets The following is a summary of intangible assets excluding goodwill recorded as intangible assets on our Unaudited Condensed Consolidated Balance Sheets: June 30, 2023 December 31, 2022 Intangible assets subject to amortization $ 9,748 $ 11,372 Indefinite-lived intangible assets (1) 1,198 1,398 Total $ 10,946 $ 12,770 (1) Indefinite-lived intangible assets are comprised of state insurance and agent licenses, as well as perpetual software licenses. Intangible assets subject to amortization consisted of the following: Weighted-average remaining amortization period (in years) Gross carrying amount Accumulated amortization Net carrying amount June 30, 2023 Value of business acquired — $ 42,788 $ (42,788) $ — Agency agreements acquired 3.8 34,660 (25,519) 9,141 Trade names acquired 0.8 6,381 (5,774) 607 Total $ 83,829 $ (74,081) $ 9,748 December 31, 2022 Value of business acquired — $ 42,788 $ (42,788) $ — Agency agreements acquired 4.3 34,661 (24,300) 10,361 Trade names acquired 1.3 6,381 (5,370) 1,011 Total $ 83,830 $ (72,458) $ 11,372 No impairment in the value of amortizing or non-amortizing intangible assets was recognized during the six months ended June 30, 2023 and 2022. However during the year ended December 31, 2022, we disposed of intangible assets totaling $2,359,000. Amortization expense of our intangible assets was $811,000 and $812,000 for the three months ended June 30, 2023 and 2022, respectively. Amortization expense of our intangible assets was $1,623,000 and $1,624,000 for the six months ended June 30, 2023 and 2022, respectively. Estimated amortization expense of our intangible assets to be recognized by the Company during the remainder of 2023 and over the next five years is as follows: Year ending December 31, Estimated Amortization Expense Remaining in 2023 $ 1,623 2024 2,640 2025 2,438 2026 2,438 2027 609 2028 —

Reinsurance

Reinsurance	6 Months Ended
	Jun. 30, 2023
Reinsurance Disclosures [Abstract]
Reinsurance	) REINSURANCE Our reinsurance program is designed, utilizing our risk management methodology, to address our exposure to catastrophes. Our program provides reinsurance protection for catastrophes, including hurricanes and tropical storms. These reinsurance agreements are part of our catastrophe management strategy, which is intended to provide our stockholders an acceptable return on the risks assumed in our property business, and to reduce variability of earnings, while providing protection to our policyholders. Although reinsurance agreements contractually obligate our reinsurers to reimburse us for the agreed-upon portion of our gross paid losses, they do not discharge our primary liability. Our program includes excess of loss and quota share treaties. Our AmCoastal catastrophe reinsurance program, in effect from June 1, 2023 through May 31, 2024, provides coverage for catastrophe losses from named or numbered windstorms and earthquakes up to an exhaustion point of approximately $1,300,000,000 in the aggregate. Under our core catastrophe excess of loss treaty, retention on a first and second event is $10,000,000 each. The exhaustion point of IIC's catastrophe reinsurance program is approximately $82,000,000 in the aggregate, with a retention of $3,000,000 per occurrence, covering all perils. During the third quarter of 2022, the Company's core catastrophe reinsurance program was impacted by Hurricane Ian. As a result, the Company has approximately $508 million of occurrence limit remaining for Hurricane Ian all of which is attributable to AmCoastal only. After reinstatement premiums of approximately $15.4 million, the Company, with its former subsidiary UPC has approximately $993 million of aggregate limit remaining after Hurricane Ian, based on our estimated ultimate net loss subject to the core catastrophe reinsurance program. Effective January 1, 2023, we renewed our all other perils catastrophe excess of loss agreement. The agreement provides protection from catastrophe loss events other than named windstorms and earthquakes up to $101,000,000. During the third quarter of 2022, one of our private reinsurers who held a 100% share of the $15,000,000 in excess of $15,000,000 layer on our all other perils catastrophe excess of loss agreement notified us of their intent to terminate the agreement due to the contractual provision regarding the change in our former subsidiary UPC's statutory surplus being greater than 25%. We agreed to a termination and commutation date of August 22, 2022 for this contract. This change resulted in approximately $1,300,000 of ceded premium savings that would have otherwise been due in the fourth quarter of 2022 and the Company retaining all the risk for any non-hurricane catastrophe losses up to $30,000,000, excluding any quota share recoveries. The table below outlines our quota share agreements in effect for the six months ended June 30, 2023 and 2022. The impacts of these quota share agreements on our former subsidiary, UPC's financial statements are included in discontinued operations. Reinsurer Companies in Scope (1) Effective Dates Cession Rate States in Scope External third-party AmCoastal 06/01/2023 - 06/01/2024 40% (2) Florida External third-party UPC, FSIC & AmCoastal 06/01/2022 - 06/01/2023 10% (2) Florida, Louisiana, Texas TypTap UPC 06/01/2022 - 06/01/2023 100% (3) Georgia, North Carolina, South Carolina External third-party UPC, FSIC & AmCoastal 12/31/2021 - 12/31/2022 8% (2) Florida, Louisiana, Texas HCPCI UPC 12/31/2021 - 06/01/2022 85% Georgia, North Carolina, South Carolina External third-party UPC & FSIC 12/31/2021 - 12/31/2022 25% (4) Florida, Louisiana, Texas HCPCI / TypTap (5) UPC 06/01/2021 - 06/01/2022 100% (3) Connecticut, New Jersey, Massachusetts, Rhode Island External third-party UPC, FSIC & AmCoastal (6) 06/01/2021 - 06/01/2022 15% (2) Florida, Georgia, Louisiana, North Carolina, South Carolina, Texas IIC UPC 12/31/2020 - 12/31/2022 100% New York (1) Effective May 31, 2022, FSIC was merged into UPC, with UPC being the surviving entity. (2) This treaty provides coverage for all catastrophe perils and attritional losses incurred. For all catastrophe perils, the quota share agreement provides ground- up protection effectively reducing our retention for catastrophe losses. (3) This treaty provides coverage on our in-force, new and renewal policies until these states are transitioned to HCPCI or TypTap upon renewal. (4) This treaty provides coverage on non-catastrophe losses on policies in-force on the effective date of the agreement. (5) Cessions are split 50% to HCPCI and 50% to TypTap. (6) This treaty was amended effective December 31, 2020 to include AmCoastal. Reinsurance recoverable at the balance sheet dates consists of the following: June 30, December 31, 2023 2022 Reinsurance recoverable on unpaid losses and loss adjustment expenses $ 443,719 $ 732,254 Reinsurance recoverable on paid losses and loss adjustment expenses 215,095 64,292 Reinsurance recoverable (1) $ 658,814 $ 796,546 (1) Our reinsurance recoverable balance is net of our allowance for expected credit losses. More information related to this allowance can be found in Note 13 .

Liability for Unpaid Losses and

Liability for Unpaid Losses and Loss Adjustment Expenses	6 Months Ended
	Jun. 30, 2023
Insurance [Abstract]
Liability for unpaid losses and loss adjustment expenses	LIABILITY FOR UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSE (LAE) We determine the reserve for unpaid losses on an individual case basis for all incidents reported. The liability also includes amounts for incurred but not reported (IBNR) claims as of the balance sheet date. The table below shows the analysis of our reserve for unpaid losses for the six months ended June 30, 2023 and 2022 on a GAAP basis: June 30, 2023 2022 Balance at January 1 $ 842,958 $ 250,642 Less: reinsurance recoverable on unpaid losses 732,254 176,096 Net balance at January 1 $ 110,704 $ 74,546 Incurred related to: Current year 45,643 47,288 Prior years (8,316) (6,941) Total incurred $ 37,327 $ 40,347 Paid related to: Current year 27,217 30,666 Prior years 29,857 23,651 Total paid $ 57,074 $ 54,317 Net balance at June 30 $ 90,957 $ 60,576 Plus: reinsurance recoverable on unpaid losses 443,719 163,509 Balance at June 30 $ 534,676 $ 224,085 Composition of reserve for unpaid losses and LAE: Case reserves $ 182,196 $ 116,428 IBNR reserves 352,480 107,657 Balance at June 30 $ 534,676 $ 224,085 Based upon our internal analysis and our review of the annual statement of actuarial opinion provided by our actuarial consultants at December 31, 2022, we believe that the reserve for unpaid losses reasonably represents the amount necessary to pay all claims and related expenses which may arise from incidents that have occurred as of the balance sheet date. As reflected in the table above, we had favorable development in both 2023 and 2022 related to prior year losses. This favorable development came as a result of re-estimating ultimate losses in 2023 based on historical loss trends. The loss payments made by the Company during the six months ended June 30, 2023, were higher than the loss payments made during the six months ended June 30, 2022, due to the settling of claims related to Hurricane Ian, which made landfall during the third quarter of 2022. Case and IBNR reserves and reinsurance recoverable on unpaid losses also increased when compared to the prior period as a result of Hurricane Ian.

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Long-term Debt	LONG-TERM DEBT Long-Term Debt The table below presents all long-term debt outstanding as of June 30, 2023 and December 31, 2022: Effective Interest Rate Carrying Value at Maturity June 30, 2023 December 31, 2022 Senior Notes December 15, 2027 7.25% $ 150,000 $ 150,000 Florida State Board of Administration Note (1) July 1, 2026 N/A — — Truist Term Note Payable (2) May 26, 2031 N/A — — Total long-term debt $ 150,000 $ 150,000 (1) Our Florida State Board of Administration Note was held by our former subsidiary, UPC. (2) Our Truist Term Note Payable was repaid in full on August 12, 2022. Senior Notes Payable On December 13, 2017, we issued $150,000,000 of 10-year senior notes (the Senior Notes) that will mature on December 15, 2027 and bear interest at a rate equal to 6.25% per annum payable semi-annually on each June 15 and December 15, commencing June 15, 2018. The Senior Notes are senior unsecured obligations of the Company. We may redeem the Senior Notes at our option, at any time and from time to time in whole or in part, prior to September 15, 2027, at a redemption price equal to the greater of (i) 100% of the principal amount of the notes to be redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon from the date of redemption to the date that is three months prior to maturity, plus accrued and unpaid interest thereon. On or after that date, we may redeem the Senior Notes at par, plus accrued and unpaid interest thereon. On December 8, 2022, the Kroll Bond Rating Agency, LLC announced a downgrade of our issuer and debt ratings from BBB- to BB+. As a result, pursuant to our agreement, the interest rate of our Senior Notes increased from 6.25% to 7.25%. Florida State Board of Administration Note Payable On September 22, 2006, we issued a $20,000,000, 20-year note payable to the Florida State Board of Administration (the SBA Note). For the first three years of the SBA Note we were required to pay interest only. On October 1, 2009, we began to repay the principal in addition to interest. The SBA Note bears an annual interest rate equivalent to the 10-year Constant Maturity Treasury rate (as defined in the SBA Note agreement), which resets quarterly. This note was held by our former insurance subsidiary, UPC. On February 27, 2023, UPC was placed into receivership with the Florida Department of Financial Services, divesting our ownership of UPC. Truist Term Note Payable On May 26, 2016, we issued a $5,200,000, 15-year term note payable to Truist (the Truist Note), with the intent to use the funds to purchase, renovate, furnish and equip our principal executive office. The Truist Note bears interest at 1.65% in excess of the one-month LIBOR, which resets monthly. LIBOR was phased out at the end of 2021, however, the Intercontinental Exchange will continue to publish one-month LIBOR settings through 2023. The outstanding Truist Note payable balance, including applicable interest, was repaid in full on August 12, 2022. Therefore, effective August 12, 2022, Truist no longer holds our principal executive office as collateral and may not take possession of or foreclose upon the office. Financial Covenants Senior Notes - Our Senior Notes provide that the Company and its subsidiaries shall not incur any indebtedness unless no default exists and the Company’s leverage ratio as of the last day of any annual or quarterly period (the balance sheet date) immediately preceding the date on which such additional indebtedness is incurred would have been no greater than 0.3:1, determined on a pro forma basis as if the additional indebtedness and all other indebtedness incurred since the immediately preceding balance sheet date had been incurred and the proceeds therefrom applied as of such day. The Company and its subsidiaries also may not create, assume, incur or permit to exist any indebtedness for borrowed money that is secured by a lien on the voting stock of any significant subsidiary without securing the Senior Notes equally. The Company may not issue, sell, assign, transfer or otherwise dispose of, directly or indirectly, any of the capital stock of the Company’s significant subsidiaries as of the issue date of the Senior Notes (except to the Company or to one or more of the Company’s other subsidiaries, or for the purpose of qualifying directors or as may be required by law or regulation), subject to certain exceptions. At December 31, 2022, while our leverage ratio was greater than the allowed ratio above, we did not incur any additional debt during the period and as a result, we were in compliance with the covenants in the Senior Notes. SBA Note - Our SBA Note required that UPC maintained either a 2:1 ratio of net written premium to surplus, or net writing ratio, or a 6:1 ratio of gross written premium to surplus, or gross writing ratio, to avoid additional interest penalties. The SBA Note agreement defined surplus for the purpose of calculating the required ratios as the $20,000,000 of capital contributed to UPC under the agreement plus the outstanding balance of the note. Should UPC have failed to exceed either a net writing ratio of 1.5:1 or a gross writing ratio of 4.5:1, UPC's interest rate would have increased by 450 basis points above the 10-year Constant Maturity Treasury rate, which was 3.81% at the end of June 2023. Any other writing ratio deficiencies resulted in an interest rate penalty of 25 basis points above the stated rate of the note. Our SBA Note further provided that the Florida State Board of Administration may, among other things, declare its loan immediately due and payable upon any default existing under the SBA Note; however, any payment is subject to approval by the insurance regulatory authority. At June 30, 2023, we no longer held the SBA Note as a result of placing UPC into receivership. Debt Issuance Costs The table below presents the rollforward of our debt issuance costs paid, in conjunction with the debt instruments described above, during the six months ended June 30, 2023 and 2022: 2023 2022 Balance at January 1, $ 1,645 $ 1,998 Additions — — Amortization (166) (168) Balance at June 30, $ 1,479 $ 1,830

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Litigation We are involved in claims-related legal actions arising in the ordinary course of business. We accrue amounts resulting from claims-related legal actions in unpaid losses and LAE during the period that we determine an unfavorable outcome becomes probable and we can estimate the amounts. Management makes revisions to our estimates based on its analysis of subsequent information that we receive regarding various factors, including: (i) per claim information; (ii) company and industry historical loss experience; (iii) judicial decisions and legal developments in the awarding of damages; and (iv) trends in general economic conditions, including the effects of inflation. At June 30, 2023, the Company is involved in legal proceedings whereby on August 18, 2021, Jacqueline A. Miraglia filed suit in the United States District Court for the District of Delaware against United Insurance Holdings Corp. alleging violations arising under Title VII of the Civil Rights Act of 1964 and the Age Discrimination in Employment Act of 1967, and sought damages in an unspecified amount. On September 27, 2022, venue was transferred to the United States District Court for the Middle District of Florida, Tampa Division and in November, 2022, the plaintiff amended the complaint to add Skyway Claims Services as a defendant. On July 6, 2023, the Company entered into a Settlement Agreement and General Release, which resulted in an immaterial payment to the plaintiff and did not involve an admission of any wrongdoing by any party. Commitments to fund partnership investments We have fully funded one limited partnership investments and have committed to fund our remaining limited partnership investment. The amount of unfunded commitments was $3,602,000 and $4,238,000 at June 30, 2023 and December 31, 2022, respectively. Leases We, as lessee, have entered into leases of commercial office space of various term lengths. In addition to office space, we lease office equipment and a parking lot under operating leases and vehicles under finance leases. The classification of operating and finance lease asset and liability balances within the Unaudited Condensed Consolidated Balance Sheets was as follows: Financial Statement Line June 30, 2023 December 31, 2022 Assets Operating lease assets Other assets $ 903 $ 1,278 Financing lease assets Property and equipment, net — 51 Total lease assets $ 903 $ 1,329 Liabilities Operating lease liabilities Operating lease liability $ 1,172 $ 1,689 Financing lease liabilities Other liabilities — 2 Total lease liabilities $ 1,172 $ 1,691 The components of lease expenses were as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Operating lease expense $ 222 $ 160 $ 444 $ 320 Financing lease expense: Amortization of leased assets 2 113 9 242 Interest on lease liabilities — 1 — 1 Net lease expense $ 224 $ 274 $ 453 $ 563 At June 30, 2023, future minimum gross lease payments relating to these non-cancellable operating lease agreements were as follows: Total Remaining in 2023 $ 432 2024 593 2025 222 2026 11 Total undiscounted future minimum lease payments 1,258 Less: Imputed interest (86) Present value of lease liabilities $ 1,172 Weighted average remaining lease term and discount rate related to operating and finance leases were as follows: June 30, 2023 December 31, 2022 Weighted average remaining lease term (months) Operating leases 21 25 Financing leases — 9 Weighted average discount rate Operating leases 3.57 % 3.79 % Financing leases — % 3.27 % There were no other cash or non-cash related activities during the three or six months ended June 30, 2023 and 2022. Capital lease amortization expenses are included in depreciation expense in our Unaudited Condensed Consolidated Statements of Comprehensive Loss. See Note 7 of these Notes to Unaudited Condensed Consolidated Financial Statements for more information regarding depreciation expense, Note 11 for information regarding commitments related to long-term debt, and Note 14 for information regarding commitments related to regulatory actions. Subleases We previously leased and occupied office space in which we no longer operate. Effective October 1, 2022, this office space is now subleased to a third-party. This sublease is effective from October 1, 2022 through July 31, 2025, with no option to extend. During the six months ended June 30, 2023, we recognized $99,000 of income related to this sublease, exclusive of the lease expense associated with the original lease. During the year ended December 31, 2022, we recognized $297,000 of income related to this sublease, exclusive of the lease expense associated with the original lease. Additionally, as a result of the sublease, we evaluated our right-of-use asset associated with the original lease for impairment, using the undiscounted cash flows from the sublease. During the year ended December 31, 2022, we recognized impairment of $175,000, which was recognized in the results of our personal lines operating segment. Employee Retention Credit A series of legislation was enacted in the United States during 2020 and 2021 in response to the COVID-19 pandemic that provided financial relief for businesses impacted by government-mandated shutdowns, work stoppages, or other losses suffered by employers. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provided an employee retention credit, which is a refundable tax credit against certain employment taxes of up to $5,000 per employee for eligible employers. The tax credit is equal to 50% of qualified wages paid to employees during a quarter, capped at $10,000 of qualified wages per employee. During the second quarter of 2022, we evaluated our eligibility and filed for a $10,161,000 refund in connection with our Employee Retention Tax Credit for the tax year ended December 31, 2021. As of June 30, 2023, we have received $5,718,000 from the Internal Revenue Service related to this refund. A gain contingency is an uncertain situation that will be resolved in the future, possibly resulting in a gain. We have not recognized this gain contingency of $10,161,000 within our financial statements except for the $5,718,000 that has already been received. While we believe the likelihood of the refund approval being reversed is low, a loss contingency to the extent of the refunds received and recognized of $5,718,000 is present. We will continue to monitor the matter for further developments that could affect the outcome of these contingencies and will make any appropriate adjustments each quarter.

Credit Losses

Credit Losses	6 Months Ended
	Jun. 30, 2023
Credit Loss [Abstract]
Allowance for Credit Losses	ALLOWANCE FOR EXPECTED CREDIT LOSSES We are exposed to credit losses primarily through four different pools of assets based on similar risk characteristics: premiums receivable for direct written business; reinsurance recoverables from ceded losses to our reinsurers; our investment holdings; and our notes receivable. We estimate the expected credit losses based on historical trends, credit ratings assigned to reinsurers by rating agencies, average default rates, current economic conditions, and reasonable and supportable forecasts of future economic conditions that affect the collectability of the reported amounts over its expected life. Changes in the relevant information may significantly affect the estimates of expected credit losses. The allowance for credit losses is deducted from the amortized cost basis of the assets to present their net carrying value at the amount expected to be collected. Each period, the allowance for credit losses is adjusted through earnings to reflect expected credit losses over the remaining lives of the assets. The following tables summarize our allowance for expected credit losses by pooled asset for the six months ended June 30, 2023 and 2022, respectively: June 30, 2023 December 31, 2022 Provision for expected credit losses Write-offs June 30, 2023 Premiums Receivable $ 32 $ (47) $ 43 $ 28 Reinsurance Recoverables 333 (164) — 169 Total $ 365 $ (211) $ 43 $ 197 June 30, 2022 December 31, 2021 Provision for expected credit losses Write-offs June 30, 2022 Premiums Receivable $ 16 $ (21) $ 22 $ 17 Reinsurance Recoverables 58 23 — 81 Total $ 74 $ 2 $ 22 $ 98

Statutory Accounting and Regula

Statutory Accounting and Regulation	6 Months Ended
	Jun. 30, 2023
Insurance [Abstract]
Statutory Accounting and Regulation	STATUTORY ACCOUNTING AND REGULATION The insurance industry is heavily regulated. State laws and regulations, as well as national regulatory agency requirements, govern the operations of all insurers such as our insurance subsidiaries. The various laws and regulations require that insurers maintain minimum amounts of statutory surplus and risk-based capital, restrict insurers' ability to pay dividends, specify allowable investment types and investment mixes, and subject insurers to assessments. Effective June 1, 2022, our insurance subsidiaries JIC and AmCoastal were merged, with AmCoastal being the surviving entity. Effective May 31, 2022, our former insurance subsidiaries UPC and FSIC were merged, with UPC being the surviving entity. Both UPC and AmCoastal are domiciled in Florida, while IIC is domiciled in New York. At June 30, 2023, and during the six months then ended, AmCoastal and IIC met all regulatory requirements of the states in which they operate. As of December 31, 2022, UPC was determined to be insolvent and effective February 27, 2023 was placed into receivership by the DFS. During 2023, we received an assessment notice from the Florida Insurance Guaranty Association (FIGA). This assessment will be 0.7% on direct written premium of all covered lines of business in Florida to cover the cost of an insurance company facing insolvency. This assessment is in addition to the 1.3% assessment, described below, and is recoupable from policyholders. During 2022, we received an assessment notice from FIGA. This assessment will be 1.3% on direct written premium of all covered lines of business in Florida to cover the cost of an insurance company facing insolvency. The National Association of Insurance Commissioners (NAIC) has Risk-Based Capital (RBC) guidelines for insurance companies that are designed to assess capital adequacy and to raise the level of protection that statutory surplus provides for policyholders. Most states, including Florida and New York, have enacted statutory requirements adopting the NAIC RBC guidelines, and insurers having less statutory surplus than required will be subject to varying degrees of regulatory action, depending on the level of capital inadequacy. State insurance regulatory authorities could require an insurer to cease operations in the event the insurer fails to maintain the required statutory capital. The state laws of Florida and New York permit an insurer to pay dividends or make distributions out of that part of statutory surplus derived from net operating profit and net realized capital gains. The state laws further provide calculations to determine the amount of dividends or distributions that can be made without the prior approval of the insurance regulatory authorities in those states and the amount of dividends or distributions that would require prior approval of the insurance regulatory authorities in those states. Statutory RBC requirements may further restrict our insurance subsidiaries' ability to pay dividends or make distributions if the amount of the intended dividend or distribution would cause statutory surplus to fall below minimum RBC requirements. Additionally, in connection with our former subsidiary UPC's plan for run off, IIC has agreed not to pay ordinary dividends without prior approval of the New York Department of Financial Services until January 1, 2025. Our insurance subsidiaries must each file with the various insurance regulatory authorities an “Annual Statement” which reports, among other items, statutory net income (loss) and surplus as regards policyholders, which is called stockholders' equity under GAAP. The table below details the statutory net income (loss) for each of our regulated entities for the three and six months ended June 30, 2023 and 2022. Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 AmCoastal (1) 40,883 4,577 59,113 10,687 IIC (278) 1,389 (2,481) (2,596) Total $ 40,605 $ 5,966 $ 56,632 $ 8,091 (1) AmCoastal results are inclusive of JIC as these entities were merged effective June 1, 2022. Our insurance subsidiaries must maintain capital and surplus ratios or balances as determined by the regulatory authority of the states in which they are domiciled. At June 30, 2023, we met these requirements. The table below details the amount of surplus as regards policyholders for each of our regulated entities at June 30, 2023 and December 31, 2022. June 30, 2023 December 31, 2022 AmCoastal (1) 122,200 77,511 IIC 23,574 26,152 Total $ 145,774 $ 103,663 (1) AmCoastal results are inclusive of JIC as these entities were merged effective June 1, 2022.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income	ACCUMULATED OTHER COMPREHENSIVE LOSS We report changes in other comprehensive income (loss) items within comprehensive income (loss) on the Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss), and we include accumulated other comprehensive income (loss) as a component of stockholders' equity on our Unaudited Condensed Consolidated Balance Sheets. The table below details the components of accumulated other comprehensive loss at period end: Pre-Tax Amount Tax (Expense) Benefit Net-of-Tax Amount December 31, 2022 $ (33,041) $ 2,094 $ (30,947) Changes in net unrealized losses on investments 3,407 1,366 4,773 Reclassification adjustment for realized losses 5,464 (1,366) 4,098 Impact of deconsolidation of discontinued operations $ (3) $ 1,007 $ 1,004 June 30, 2023 $ (24,173) $ 3,101 $ (21,072)

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2023
Stockholders' Equity Note [Abstract]
Stockholders' Equity	STOCKHOLDERS' EQUITY Our Board of Directors declared dividends on our outstanding shares of common stock to stockholders of record as follows for the periods presented (in thousands, except per share amounts): Six Months Ended June 30, 2023 2022 Per Share Amount Aggregate Amount Per Share Amount Aggregate Amount First Quarter $ — $ — $ 0.06 $ 2,589 Second Quarter — — — — In July 2019, our Board of Directors authorized a stock repurchase plan of up to $25,000,000 of our common stock. As of June 30, 2023, we had not yet repurchased any shares under this stock repurchase plan. The timing and volume of repurchases are at the discretion of management, based on the capital needs of the business, the market price of ACIC common stock, and general market conditions. The plan has no expiration date, and the plan may be suspended or discontinued at any time. See Note 17

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	) STOCK-BASED COMPENSATION We account for stock-based compensation under the fair value recognition provisions of ASC Topic 718 - Compensation - Stock Compensation . We recognize stock-based compensation cost over the award’s requisite service period on a straight-line basis for time-based restricted stock grants and performance-based restricted stock grants. We record forfeitures as they occur for all stock-based compensation. The following table presents our total stock-based compensation expense: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Employee stock-based compensation expense Pre-tax $ 79 $ 141 $ 388 $ 531 Post-tax (1) 62 111 307 419 Director stock-based compensation expense Pre-tax 29 41 55 103 Post-tax (1) 23 32 43 81 (1) The after tax amounts are determined using the 21% corporate federal tax rate. We had approximately $2,676,000 of unrecognized stock compensation expense at June 30, 2023 related to non-vested stock-based compensation granted, which we expect to recognize over a weighted-average period of approximately 2.3 years. We had approximately $218,000 of unrecognized director stock-based compensation expense at June 30, 2023 related to non-vested director stock-based compensation granted, which we expect to recognize over a weighted-average period of approximately 0.9 years. Restricted stock, restricted stock units and performance stock units Stock-based compensation cost for restricted stock awards, restricted stock units and performance stock units is measured based on the closing fair market value of our common stock on the date of grant, which vest in equal installments over the requisite service period of typically three years. Restricted stock awards granted to non-employee directors vest over a one-year period. Each restricted stock unit and performance stock unit represents our obligation to deliver to the holder one share of common stock upon vesting. Performance stock units vest based on the Company's return on average equity compared to a defined group of peer companies. On the grant date, we issue the target number of performance stock units. They are subject to forfeitures if performance goals are not met. The actual number of performance stock units earned can vary from zero to 150 percent of the target for the 2023, 2022, and 2021 awards. We granted 45,000 and 793,041 shares of restricted common stock during the three months ended June 30, 2023 and 2022, respectively, which had a weighted-average grant date fair value of $5.25 and $1.74 per share, respectively. We granted 45,000 and 907,907 shares of restricted common stock during the six months ended June 30, 2023 and 2022, respectively, which had a weighted-average grant date fair value of $5.25 and $1.97 per share, respectively. Additionally, during the three and six month periods ended June 30, 2023, the Company granted 262,933 shares of restricted common stock, with a fair value of $4.33, which are contingent upon stockholder approval of an increase in the number of shares of our common stock that may be issued pursuant to the 2020 Omnibus Incentive Plan. Stockholders will vote on this matter at our 2024 annual meeting of stockholders. The following table presents certain information related to the activity of our non-vested common stock grants: Number of Restricted Shares Weighted Average Grant Date Fair Value Outstanding as of December 31, 2022 714,239 $ 2.73 Granted (1) 45,000 5.25 Less: Forfeited 130,546 3.16 Less: Vested 179,334 3.20 Outstanding as of June 30, 2023 449,359 $ 2.67 (1) Contingent shares have been excluded from the calculations in the table above. Stock options Stock option fair value was estimated on the grant date using the Black-Scholes-Merton formula. Stock options vest in equal installments over the requisite service period of typically three years. The following weighted-average assumptions were used to value the stock options granted: 2023 2022 Expected annual dividend yield — % — % Expected volatility 80.84 % 49.66 % Risk-free interest rate 3.44 % 2.92 % Expected term 6 years 6 years The expected annual dividend yield for our options granted during 2023 and 2022 is based on no dividends being paid in future quarters. The expected volatility is a historical volatility calculated based on the daily closing prices over a period equal to the expected term. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the grant date. Expected term takes into account the three-year graded vesting term and the 10-year contractual term of the option. We did not grant any stock options for the three and six months ended June 30, 2023. We granted 635,643 stock options during the three and six month periods ended June 30, 2022, which had a weighted average grant date fair value of $0.86 per share. Additionally, during the three and six months ended June 30, 2023, the Company granted 123,399 stock options, with a fair value of $3.08, which are contingent upon stockholder approval of an increase in the number of shares of our common stock that may be issued pursuant to the 2020 Omnibus Incentive Plan. Stockholders will vote on this matter at our 2024 annual meeting of stockholders. The following table presents certain information related to the activity of our non-vested stock option grants: Number of Stock Options Weighted Average Exercise Prices Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value Outstanding as of December 31, 2022 1,250,685 $ 3.71 7.66 $ — Granted (1) — — — — Less: Forfeited 40,000 3.46 — — Less: Expired 161,925 3.05 — — Less: Exercised 20,000 3.46 — — Outstanding as of June 30, 2023 1,028,760 $ 3.83 8.30 $ 1,561 Vested as of June 30, 2023 (2) 800,759 $ 5.25 7.99 $ 653 Exercisable as of June 30, 2023 430,568 $ 5.25 7.99 $ 653 (1) Contingent options have been excluded from the calculations in the table above. (2) The vested shares are calculated based on all vested shares at June 30, 2023, inclusive of those that have since expired. The weighted average exercise prices, weighted-average remaining contractual term and aggregate intrinsic value is calculated based on only vested shares that are outstanding and exercisable at June 30, 2023.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS We evaluate all subsequent events and transactions for potential recognition or disclosure in our financial statements. At June 30, 2023, the Company was involved in legal proceedings whereby on August 18, 2021, Jacqueline A. Miraglia filed suit in the United States District Court for the District of Delaware against United Insurance Holdings Corp. alleging violations arising under Title VII of the Civil Rights Act of 1964 and the Age Discrimination in Employment Act of 1967, and sought damages in an unspecified amount. On September 27, 2022, venue was transferred to the United States District Court for the Middle District of Florida, Tampa Division and in November, 2022, the plaintiff amended the complaint to add Skyway Claims Services as a defendant. On July 6, the Company entered into a Settlement Agreement and General Release, which resulted in an immaterial payment to the plaintiff and does not involve an admission of any wrongdoing by any party. On July 10, 2023, we filed with the Secretary of the State of the State of Delaware a Second Certificate of Amendment of Certificate of Incorporation to change its corporate name from United Insurance Holdings Corp. to American Coastal Insurance Corporation, effective July 10, 2023. In connection with the Company's name change, the Board of Directors amended the Company's by-laws to reflect the corporate name American Coastal Insurance Corporation, also effective on July 10, 2023. No other changes were made to the Company's by-laws. On July 27, 2023, we announced that the Company will begin trading on NASDAQ under the ticker symbol "ACIC", prior to market open on August 15, 2023. The new ticker replaces the current ticker symbol "UIHC", which has been used since the Company's formation and initial public offering on the over-the-counter (OTC) market in 2007, and subsequent listing on The Nasdaq Capital Market in 2012. On August 10, 2023, the Company issued a press release related to its earnings for the second quarter ended June 30, 2023 (the Earnings Release). The Earnings Release was filed as exhibit 99.1 to the Form 8-K filed on August 10, 2023. Subsequent to the Earnings Release, the Company has reported changes to its provision for income taxes and Income from discontinued operations, net of tax on its Consolidated Statements of Comprehensive Loss. In addition, the Company has decreased its reported other liabilities and increased its reported other assets on its Consolidated Balance Sheets. On August 21, 2023, the Company filed an amended 10-Q for the first quarter ended March 31, 2023. This amended filing corrects our allocation of discontinued operations to include activities related directly to the support of our former subsidiary UPC. In addition, this amendment corrects our provision for income taxes to appropriately reflect the impact of the disposition of UPC.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Pending Accounting Pronouncements	(b) Changes to Significant Accounting Policies During the three months ended March 31, 2023, our former subsidiary, UPC, was placed into receivership with the DFS. As described in Note 1 , effective February 27, 2023, this receivership divested our ownership of UPC. This disposal, as well as the activities related directly to supporting the business conducted by UPC were evaluated for qualification as discontinued operations. The results of operations of business are reported as discontinued operations when the disposal represents a strategic shift that will have a major effect on the entity's operations and financial results. When a business is identified for discontinued operations reporting: • Results for prior periods are retroactively reclassified as discontinued operations; • Results of operations are reported in a single line, net of tax, in the Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss); and • Assets and liabilities are reported as held for disposal in the Unaudited Condensed Consolidated Balance Sheets Additional details by major classification of operating results and financial position are included in Note 3 . There have been no other changes to our significant accounting policies as reported in our Annual Report on Form 10-K for the year ended December 31, 2022. (c) Pending Accounting Pronouncements

Discontinued Operations and D_2

Discontinued Operations and Disposal Groups (Tables)	6 Months Ended
	Jun. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Assets & Liabilities	The results from discontinued operations for the three and six months ended June 30, 2023 and 2022 are presented below. Results From Discontinued Operations Three Months Ended Six Months Ended 2023 2022 2023 2022 REVENUE: Gross premiums written $ — $ 174,094 $ (120,608) $ 320,922 Change in gross unearned premiums — 13,243 198,154 72,969 Gross premiums earned — 187,337 77,546 393,891 Ceded premiums earned — (140,463) (48,203) (303,906) Net premiums earned — 46,874 29,343 89,985 Net investment income — 1,301 2,182 2,375 Net realized investment gains (losses) — (1) 1,343 (1,807) Net unrealized gains (losses) on equity securities — (2,693) 2,080 (4,191) Other revenue — 6,411 2,717 9,474 Total revenue — 51,892 37,665 95,836 EXPENSES: Losses and loss adjustment expenses 1,191 76,051 36,417 141,115 Policy acquisition costs (170) 5,418 (1,522) 11,126 Operating expenses 507 9,199 4,503 17,740 General and administrative expenses 1,275 6,286 2,559 14,227 Interest expense — 31 22 50 Total expenses 2,803 96,985 41,979 184,258 Loss before other income (2,803) (45,093) (4,314) (88,422) Other income (loss) — 13 — 23 Loss before income taxes (2,803) (45,080) (4,314) (88,399) Provision (benefit) for income taxes (230) 10,664 (214) 329 Income (loss) from discontinued operations, net of tax $ (2,573) $ (55,744) $ (4,100) $ (88,728) As of February 28, 2023, the Company completed the disposal of its former subsidiary, UPC. This divestiture resulted in a gain of $238,440,000 for the three months ended March 31, 2023. This gain was driven by the negative equity position of UPC. The major classes of assets and liabilities transferred as a result of the transaction as of the date of transfer and December 31, 2022 are presented below. Major Classes of Assets and Liabilities Disposed Closing (1) December 31, 2022 ASSETS Fixed maturities, available-for-sale $ 1,380 $ 171,781 Equity securities 272 23,363 Other investments 12,882 12,952 Cash and cash equivalents 224,824 158,990 Restricted cash 7,758 7,730 Accrued investment income 875 1,457 Premiums receivable, net 22,733 46,736 Reinsurance recoverable on paid and unpaid losses, net 548,929 834,863 Ceded unearned premiums 75,262 122,533 Deferred policy acquisition costs, net (89) (2,046) Other assets 53,675 33,548 Total assets $ 948,501 $ 1,411,907 LIABILITIES Unpaid losses and loss adjustment expenses 920,431 1,103,980 Unearned premiums 98,655 286,842 Reinsurance payable on premiums 12,612 29,394 Payments outstanding 144,238 213,058 Accounts payable and accrued expenses 1,361 (872) Other liabilities 3,476 14,658 Notes payable, net 4,118 4,118 Total Liabilities $ 1,184,891 $ 1,651,178 (1) The Company divested its ownership on February 27, 2023, the date the DFS was appointed as receiver of the entity. In addition, the major classes of assets and liabilities remaining related to activities directly supporting the business conducted by UPC are outlined in the table below as of June 30, 2023 and December 31, 2022. Major Classes of Assets and Liabilities Held for Disposal June 30, 2023 December 31, 2022 ASSETS Property and equipment, net 12,105 14,299 Deferred policy acquisition costs — 8,609 Total assets $ 12,105 $ 22,908 LIABILITIES Commissions Payable 1,795 987 Unearned Policy Fees — 2,652 Total Liabilities $ 1,795 $ 3,639 The discontinued operations of the Company incurred $488,000 and $748,000 of amortization expense during the six months ended June 30, 2023 and 2022, respectively. There were no other noncash transactions for either period.

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The tables below present the information for each of the reportable segment's profit or loss, as well as segment assets for the three and six months ended June 30, 2023 and 2022. We have restated our segments to reflect the discontinued operations disclosed in Note 3 , excluding the result of the entity for all periods presented. Three Months Ended June 30, 2023 Commercial Personal (1) Adjustments Consolidated REVENUE: Gross premiums written $ 236,822 $ 7,063 $ — $ 243,885 Change in gross unearned premiums (91,011) 5,325 — (85,686) Gross premiums earned 145,811 12,388 — 158,199 Ceded premiums earned (71,825) (3,205) — (75,030) Net premiums earned 73,986 9,183 — 83,169 Net investment income 1,866 804 22 2,692 Net realized gains (losses) (6,708) (17) — (6,725) Net unrealized losses on equity securities 140 — 1 141 Other revenue — 18 — 18 Total revenues 69,284 9,988 23 79,295 EXPENSES: Losses and loss adjustment expenses 16,245 4,670 — 20,915 Policy acquisition costs 23,526 2,019 — 25,545 Operating expenses 1,501 1,669 104 3,274 General and administrative expenses (2) 2,631 3,772 180 6,583 Interest expense — — 2,719 2,719 Total expenses 43,903 12,130 3,003 59,036 Income (loss) before other income 25,381 (2,142) (2,980) 20,259 Other income (loss) — 806 — 806 Income (loss) before income taxes $ 25,381 $ (1,336) (2,980) 21,065 Provision for income taxes 713 713 Net income (loss) $ (3,693) $ 20,352 Less: Net loss attributable to noncontrolling interests — — Net income (loss) attributable to ACIC $ (3,693) $ 20,352 Loss ratio, net (3) (4) 22.0 % 50.9 % 25.1 % Expense ratio (3) (5) 37.4 % 81.2 % 42.6 % Combined ratio (3) (6) 59.4 % 132.1 % 67.7 % Total segment assets $ 1,612,469 $ (233,324) $ 53,605 $ 1,432,750 (1) Our personal lines income statement also includes amounts related to subsidiaries outside of our insurance companies. We have included these items as these subsidiaries directly support our personal lines operations. (2) Included in our General and Administrative expenses is $996,000 and $811,000 of depreciation and amortization expense related to our personal and commercial lines assets, respectively. (3) As these are calculated ratios, the addition of the ratios will not result in the same value as the consolidated ratio. To calculate the consolidated ratio please see the corresponding footnote below. (4) Loss ratio, net is calculated as losses and LAE net of losses ceded to reinsurers, relative to net premiums earned. Management uses this operating metric to analyze our loss trends and believes it is useful for investors to evaluate this component separately from our other operating expenses. (5) Expense ratio is calculated as the sum of all operating expenses less interest expense relative to net premiums earned. Management uses this operating metric to analyze our expense trends and believes it is useful for investors to evaluate these components separately from our loss expenses. (6) Combined ratio is the sum of the loss ratio, net and expense ratio. Management uses this operating metric to analyze our total expense trends and believes it is a key indicator for investors when evaluating the overall profitability of our business. Three Months Ended June 30, 2022 Commercial Personal (1) Adjustments Consolidated REVENUE: Gross premiums written $ 181,067 $ 26,565 $ — $ 207,632 Change in gross unearned premiums (67,849) (10,300) — (78,149) Gross premiums earned 113,218 16,265 — 129,483 Ceded premiums earned (61,771) (3,180) — (64,951) Net premiums earned 51,447 13,085 — 64,532 Net investment income 1,476 353 10 1,839 Net realized gains (losses) (79) 2 — (77) Net unrealized losses on equity securities (2,390) — (1) (2,391) Other revenue — 7 — 7 Total revenues 50,454 13,447 9 63,910 EXPENSES: Losses and loss adjustment expenses 8,194 5,838 — 14,032 Policy acquisition costs 19,928 3,642 — 23,570 Operating expenses 1,127 2,606 87 3,820 General and administrative expenses (2) 2,421 5,285 502 8,208 Interest expense — — 2,363 2,363 Total expenses 31,670 17,371 2,952 51,993 Income (loss) before other income 18,784 (3,924) (2,943) 11,917 Other income (loss) 2 199 57 258 Income (loss) before income taxes $ 18,786 $ (3,725) (2,886) 12,175 Provision for income taxes 25,486 25,486 Net income (loss) $ (28,372) $ (13,311) Less: Net loss attributable to noncontrolling interests (26) (26) Net income (loss) attributable to ACIC $ (28,346) $ (13,285) Loss ratio, net (3) (4) 15.9 % 44.6 % 21.7 % Expense ratio (3) (5) 45.6 % 88.1 % 55.2 % Combined ratio (3) (6) 61.5 % 132.7 % 76.9 % Total segment assets $ 1,352,713 $ (471,806) $ 304,824 $ 1,185,731 (1) Our personal lines income statement also includes amounts related to subsidiaries outside of our insurance companies. We have included these items as these subsidiaries directly support our personal lines operations. (2) Included in our General and Administrative expenses is $1,047,000 and $877,000 of depreciation and amortization expense related to our personal and commercial lines assets, respectively. (3) As these are calculated ratios, the addition of the ratios will not result in the same value as the consolidated ratio. To calculate the consolidated ratio please see the corresponding footnote below. (4) Loss ratio, net is calculated as losses and LAE net of losses ceded to reinsurers, relative to net premiums earned. Management uses this operating metric to analyze our loss trends and believes it is useful for investors to evaluate this component separately from our other operating expenses. (5) Expense ratio is calculated as the sum of all operating expenses less interest expense relative to net premiums earned. Management uses this operating metric to analyze our expense trends and believes it is useful for investors to evaluate these components separately from our loss expenses. (6) Combined ratio is the sum of the loss ratio, net and expense ratio. Management uses this operating metric to analyze our total expense trends and believes it is a key indicator for investors when evaluating the overall profitability of our business. Six Months Ended June 30, 2023 Commercial Personal (1) Adjustments Consolidated REVENUE: Gross premiums written $ 413,463 $ 17,545 $ — $ 431,008 Change in gross unearned premiums (135,618) 7,285 — (128,333) Gross premiums earned 277,845 24,830 — 302,675 Ceded premiums earned (125,199) (6,983) — (132,182) Net premiums earned 152,646 17,847 — 170,493 Net investment income 3,652 1,586 43 5,281 Net realized gains (losses) (6,791) (17) — (6,808) Net unrealized losses on equity securities 613 — 2 615 Management fee income — — — — Other revenue — 34 — 34 Total revenues 150,120 19,450 45 169,615 EXPENSES: Losses and loss adjustment expenses 30,146 7,181 — 37,327 Policy acquisition costs 48,692 3,825 — 52,517 Operating expenses 1,597 3,617 228 5,442 General and administrative expenses (2) 5,385 9,679 312 15,376 Interest expense — — 5,438 5,438 Total expenses 85,820 24,302 5,978 116,100 Income (loss) before other income 64,300 (4,852) (5,933) 53,515 Other income (loss) — 1,609 (215) 1,394 Income (loss) before income taxes $ 64,300 $ (3,243) (6,148) 54,909 Provision for income taxes 4,190 4,190 Net income (loss) $ (10,338) $ 50,719 Less: Net loss attributable to noncontrolling interests — — Net income (loss) attributable to ACIC $ (10,338) $ 50,719 Loss ratio, net (3) (4) 19.7 % 40.2 % 21.9 % Expense ratio (3) (5) 36.5 % 95.9 % 43.0 % Combined ratio (3) (6) 56.2 % 136.1 % 64.9 % Total segment assets $ 1,612,469 $ (233,324) $ 53,605 $ 1,432,750 (1) Our personal lines income statement also includes amounts related to subsidiaries outside of our insurance companies. We have included these items as these subsidiaries directly support our personal lines operations. (2) Included in our General and Administrative expenses is $2,003,000 and $1,623,000 of depreciation and amortization expense related to our personal and commercial lines assets, respectively. (3) As these are calculated ratios, the addition of the ratios will not result in the same value as the consolidated ratio. To calculate the consolidated ratio please see the corresponding footnote below. (4) Loss ratio, net is calculated as losses and LAE net of losses ceded to reinsurers, relative to net premiums earned. Management uses this operating metric to analyze our loss trends and believes it is useful for investors to evaluate this component separately from our other operating expenses. (5) Expense ratio is calculated as the sum of all operating expenses less interest expense relative to net premiums earned. Management uses this operating metric to analyze our expense trends and believes it is useful for investors to evaluate these components separately from our loss expenses. (6) Combined ratio is the sum of the loss ratio, net and expense ratio. Management uses this operating metric to analyze our total expense trends and believes it is a key indicator for investors when evaluating the overall profitability of our business. Six Months Ended June 30, 2022 Commercial Personal (1) Adjustments Consolidated REVENUE: Gross premiums written $ 309,031 $ 41,015 $ — $ 350,046 Change in gross unearned premiums (88,348) (9,482) — (97,830) Gross premiums earned 220,683 31,533 — 252,216 Ceded premiums earned (123,793) (6,145) — (129,938) Net premiums earned 96,890 25,388 — 122,278 Net investment income 2,603 621 19 3,243 Net realized gains (77) 37 — (40) Net unrealized losses on equity securities (3,159) — (2) (3,161) Management fee income — — Other revenue — 22 — 22 Total revenues 96,257 26,068 17 122,342 EXPENSES: Losses and loss adjustment expenses 22,308 18,039 — 40,347 Policy acquisition costs 36,606 7,272 — 43,878 Operating expenses 2,236 5,113 178 7,527 General and administrative expenses (2) 4,741 10,648 883 16,272 Interest expense — — 4,722 4,722 Total expenses 65,891 41,072 5,783 112,746 Income (loss) before other income 30,366 (15,004) (5,766) 9,596 Other income 2 (78) 1,667 1,591 Income (loss) before income taxes $ 30,368 $ (15,082) (4,099) 11,187 Provision for income taxes 24,771 24,771 Net income (loss) $ (28,870) $ (13,584) Less: Net income attributable to noncontrolling interests (111) (111) Net income (loss) attributable to ACIC $ (28,759) $ (13,473) Loss ratio, net (3) (4) (7) 23.0 % 71.1 % 33.0 % Expense ratio (3) (5) (7) 45.0 % 90.7 % 55.3 % Combined ratio (3) (6) (7) 68.0 % 161.8 % 88.3 % Total segment assets $ 1,352,713 $ (471,806) $ 304,824 $ 1,185,731 (1) Our personal lines income statement also includes amounts related to subsidiaries outside of our insurance companies. We have included these items as these subsidiaries directly support our personal lines operations. (2) Included in our General and Administrative expenses is $2,121,000 and $1,762,000 of depreciation and amortization expense related to our personal and commercial lines assets, respectively. (3) As these are calculated ratios, the addition of the ratios will not result in the same value as the consolidated ratio. To calculate the consolidated ratio please see the corresponding footnote below. (4) Loss ratio, net is calculated as losses and LAE net of losses ceded to reinsurers, relative to net premiums earned. Management uses this operating metric to analyze our loss trends and believes it is useful for investors to evaluate this component separately from our other operating expenses . (5) Expense ratio is calculated as the sum of all operating expenses less interest expense relative to net premiums earned. Management uses this operating metric to analyze our expense trends and believes it is useful for investors to evaluate these components separately from our loss expenses. (6) Combined ratio is the sum of the loss ratio, net and expense ratio. Management uses this operating metric to analyze our total expense trends and believes it is a key indicator for investors when evaluating the overall profitability of our business.

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2023
Debt and Equity Securities, FV-NI
Schedule of Available-for-sale Securities Reconciliation	The following table details fixed-maturity available-for-sale securities, by major investment category, at June 30, 2023 and December 31, 2022: Cost or Adjusted/Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value June 30, 2023 U.S. government and agency securities $ 2,493 $ — $ 100 $ 2,393 Foreign government 1,000 — 5 995 States, municipalities and political subdivisions 26,470 11 3,002 23,479 Public utilities 5,672 — 663 5,009 Corporate securities 72,088 — 10,318 61,770 Mortgage-backed securities 57,652 — 8,188 49,464 Asset-backed securities 19,671 — 1,918 17,753 Total fixed maturities $ 185,046 $ 11 $ 24,194 $ 160,863 December 31, 2022 U.S. government and agency securities $ 2,490 $ — $ 105 $ 2,385 Foreign government 1,000 — 9 991 States, municipalities and political subdivisions 30,958 2 4,065 26,895 Public utilities 8,936 — 1,242 7,694 Corporate securities 99,062 20 15,739 83,343 Mortgage-backed securities 65,251 — 9,136 56,115 Asset-backed securities 30,038 9 2,788 27,259 Total fixed maturities $ 237,735 $ 31 $ 33,084 $ 204,682
Equity Securities Fair Value	Equity securities are summarized as follows: June 30, 2023 December 31, 2022 Estimated Fair Value Percent of Total Estimated Fair Value Percent of Total Mutual funds $ — — % $ 15,657 100.0 %
Schedule of Realized Gain (Loss)	The following table details our realized gains (losses) by major investment category for the three and six months ended June 30, 2023 and 2022, respectively: 2023 2022 Gains Fair Value at Sale Gains Fair Value at Sale Three Months Ended June 30, Fixed maturities $ 55 $ 7,698 $ 23 $ 12,541 Equity securities 165 5,786 — — Short-term investments — — — — Total realized gains 220 13,484 23 12,541 Fixed maturities (6,280) 44,516 (100) 1,010 Equity securities (665) 10,372 — — Short-term investments — — — — Total realized losses (6,945) 54,888 (100) 1,010 Net realized investment gains (losses) $ (6,725) $ 68,372 $ (77) $ 13,551 Six Months Ended June 30, Fixed maturities $ 59 $ 12,990 $ 64 $ 24,733 Equity securities 165 5,786 — — Short-term investments — 126 — — Total realized gains 224 18,902 64 24,733 Fixed maturities (6,367) 44,475 (104) 1,261 Equity securities (665) 10,372 — — Short-term investments — — — — Total realized losses (7,032) 54,847 (104) 1,261 Net realized investment gains (losses) $ (6,808) $ 73,749 $ (40) $ 25,994
Investments Classified by Contractual Maturity Date	The table below summarizes our fixed maturities at June 30, 2023 by contractual maturity periods. Actual results may differ as issuers may have the right to call or prepay obligations, with or without penalties, prior to the contractual maturities of those obligations. June 30, 2023 Cost or Amortized Cost Percent of Total Fair Value Percent of Total Due in one year or less $ 5,798 3.1 % $ 5,728 3.6 % Due after one year through five years 38,018 20.5 34,426 21.4 Due after five years through ten years 58,951 31.9 49,482 30.8 Due after ten years 4,956 2.7 4,010 2.5 Asset and mortgage-backed securities 77,323 41.8 67,217 41.7 Total $ 185,046 100.0 % $ 160,863 100.0 %
Investment Income	The following table summarizes our net investment income by major investment category: Three Months Ended Six Months Ended 2023 2022 2023 2022 Fixed maturities $ 1,224 $ 1,583 $ 2,496 $ 3,014 Equity securities — 62 81 128 Cash and cash equivalents 1,624 195 2,928 217 Other investments (84) 117 (78) 172 Investment income 2,764 1,957 5,427 3,531 Investment expenses (72) (118) (146) (288) Net investment income $ 2,692 $ 1,839 $ 5,281 $ 3,243
Schedule of Unrealized Loss on Investments	The following table presents an aging of our unrealized investment losses by investment class: Less Than Twelve Months Twelve Months or More Number of Securities (1) Gross Unrealized Losses Fair Value Number of Securities (1) Gross Unrealized Losses Fair Value June 30, 2023 U.S. government and agency securities 1 $ 7 $ 992 2 $ 93 $ 1,400 Foreign governments 1 5 995 — — — States, municipalities and political subdivisions 7 52 3,412 42 2,950 19,323 Public utilities — — — 12 663 5,008 Corporate securities 14 245 4,675 130 10,073 57,090 Mortgage-backed securities 5 135 1,744 118 8,053 47,719 Asset-backed securities 8 73 3,376 45 1,845 14,494 Total fixed maturities 36 $ 517 $ 15,194 349 $ 23,677 $ 145,034 December 31, 2022 U.S. government and agency securities 3 $ 105 $ 2,385 — $ — $ — Foreign governments 1 9 991 — — — States, municipalities and political subdivisions 21 540 7,306 31 3,525 18,853 Public utilities 8 193 2,286 4 1,049 5,408 Corporate securities 78 2,279 24,594 77 13,460 57,765 Mortgage-backed securities 48 1,282 15,259 80 7,854 40,856 Asset-backed securities 16 795 6,397 46 1,993 19,028 Total fixed maturities 175 $ 5,203 $ 59,218 238 $ 27,881 $ 141,910 (1) This amount represents the actual number of discrete securities, not the number of shares or units of those securities. The numbers are not presented in thousands.
Schedule of Fair Value of Financial Instruments Measured on a Recurring Basis	The following table presents the fair value of our financial instruments measured on a recurring basis by level at June 30, 2023 and December 31, 2022: Total Level 1 Level 2 Level 3 June 30, 2023 U.S. government and agency securities $ 2,393 $ — $ 2,393 $ — Foreign government 995 — 995 — States, municipalities and political subdivisions 23,479 — 23,479 — Public utilities 5,009 — 5,009 — Corporate securities 61,770 — 61,770 — Mortgage-backed securities 49,464 — 49,464 — Asset-backed securities 17,753 — 17,753 — Total fixed maturities 160,863 — 160,863 — Mutual funds — — — — Total equity securities — — — — Other investments (1) 116 — 116 — Total investments $ 160,979 $ — $ 160,979 $ — December 31, 2022 U.S. government and agency securities $ 2,385 $ — $ 2,385 $ — Foreign government 991 — 991 — States, municipalities and political subdivisions 26,895 — 26,895 — Public utilities 7,694 — 7,694 — Corporate securities 83,343 — 83,343 — Mortgage-backed securities 56,115 — 56,115 — Asset-backed securities 27,259 — 27,259 — Total fixed maturities 204,682 — 204,682 — Mutual Funds 15,657 15,657 — — Total equity securities 15,657 15,657 — — Other investments (1) 125 — 125 — Total investments $ 220,464 $ 15,657 $ 204,807 $ — (1) Other investments included in the fair value hierarchy exclude these limited partnership interests that are measured at estimated fair value using the net asset value per share (or its equivalent) practical expedient.
Schedule of Investments in Limited Partnerships	The information presented in the table below is as of June 30, 2023: Book Value Unrealized Gain Unrealized Loss Fair Value June 30, 2023 Limited partnership investments (1) $ 3,286 $ 722 $ 541 $ 3,467 Certificates of deposit — — — — Short-term investments 117 — 1 116 Total other investments $ 3,403 $ 722 $ 542 $ 3,583
Restrictions on Cash and Cash Equivalents	The following table presents the components of restricted assets: June 30, 2023 December 31, 2022 Trust funds $ 48,874 $ 45,364 Cash on deposit (regulatory deposits) 627 624 Total restricted cash $ 49,501 $ 45,988
Securities Owned and Other Investments Not Readily Marketable Disclosure	The table below shows the carrying value of those securities held on deposit with regulators. June 30, 2023 December 31, 2022 Invested assets on deposit (regulatory deposits) $ 2,493 $ 2,616

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	The following table shows the computation of basic and diluted EPS for the three and six month periods ended June 30, 2023 and 2022, respectively: Three Months Ended Six Months Ended 2023 2022 2023 2022 Numerator: Net income (loss) attributable to ACIC common stockholders $ 17,779 $ (69,029) $ 285,059 $ (102,201) Denominator: Weighted-average shares outstanding 43,229,416 43,049,227 43,178,758 43,015,114 Effect of dilutive securities 575,801 — 511,677 — Weighted-average diluted shares 43,805,217 43,049,227 43,690,435 43,015,114 Earnings available to ACIC common stockholders per share Basic $ 0.42 $ (1.60) $ 6.59 $ (2.37) Diluted $ 0.41 $ (1.60) $ 6.52 $ (2.37)

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment, net consists of the following: June 30, December 31, Computer hardware and software (software in progress of $76 and $82, respectively) $ 8,134 $ 8,164 Office furniture and equipment 806 1,414 Leasehold improvements 311 753 Leased vehicles (1) — 1,080 Total, at cost 9,251 11,411 Less: accumulated depreciation and amortization (4,777) (6,118) Property and equipment, net $ 4,474 $ 5,293

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill	The following is a summary of intangible assets excluding goodwill recorded as intangible assets on our Unaudited Condensed Consolidated Balance Sheets: June 30, 2023 December 31, 2022 Intangible assets subject to amortization $ 9,748 $ 11,372 Indefinite-lived intangible assets (1) 1,198 1,398 Total $ 10,946 $ 12,770 (1) Indefinite-lived intangible assets are comprised of state insurance and agent licenses, as well as perpetual software licenses.
Schedule of Acquired Finite-Lived Intangible Assets by Major Class	Intangible assets subject to amortization consisted of the following: Weighted-average remaining amortization period (in years) Gross carrying amount Accumulated amortization Net carrying amount June 30, 2023 Value of business acquired — $ 42,788 $ (42,788) $ — Agency agreements acquired 3.8 34,660 (25,519) 9,141 Trade names acquired 0.8 6,381 (5,774) 607 Total $ 83,829 $ (74,081) $ 9,748 December 31, 2022 Value of business acquired — $ 42,788 $ (42,788) $ — Agency agreements acquired 4.3 34,661 (24,300) 10,361 Trade names acquired 1.3 6,381 (5,370) 1,011 Total $ 83,830 $ (72,458) $ 11,372
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Estimated amortization expense of our intangible assets to be recognized by the Company during the remainder of 2023 and over the next five years is as follows: Year ending December 31, Estimated Amortization Expense Remaining in 2023 $ 1,623 2024 2,640 2025 2,438 2026 2,438 2027 609 2028 —

Reinsurance (Tables)

Reinsurance (Tables)	6 Months Ended
	Jun. 30, 2023
Reinsurance Disclosures [Abstract]
Reinsurance Recoverables	Reinsurance recoverable at the balance sheet dates consists of the following: June 30, December 31, 2023 2022 Reinsurance recoverable on unpaid losses and loss adjustment expenses $ 443,719 $ 732,254 Reinsurance recoverable on paid losses and loss adjustment expenses 215,095 64,292 Reinsurance recoverable (1) $ 658,814 $ 796,546

Liability for Unpaid Losses a_2

Liability for Unpaid Losses and Loss Adjustment Expense (Tables)	6 Months Ended
	Jun. 30, 2023
Insurance [Abstract]
Schedule of Liability for Unpaid Claims and Claims Adjustment Expense	The table below shows the analysis of our reserve for unpaid losses for the six months ended June 30, 2023 and 2022 on a GAAP basis: June 30, 2023 2022 Balance at January 1 $ 842,958 $ 250,642 Less: reinsurance recoverable on unpaid losses 732,254 176,096 Net balance at January 1 $ 110,704 $ 74,546 Incurred related to: Current year 45,643 47,288 Prior years (8,316) (6,941) Total incurred $ 37,327 $ 40,347 Paid related to: Current year 27,217 30,666 Prior years 29,857 23,651 Total paid $ 57,074 $ 54,317 Net balance at June 30 $ 90,957 $ 60,576 Plus: reinsurance recoverable on unpaid losses 443,719 163,509 Balance at June 30 $ 534,676 $ 224,085 Composition of reserve for unpaid losses and LAE: Case reserves $ 182,196 $ 116,428 IBNR reserves 352,480 107,657 Balance at June 30 $ 534,676 $ 224,085

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The table below presents all long-term debt outstanding as of June 30, 2023 and December 31, 2022: Effective Interest Rate Carrying Value at Maturity June 30, 2023 December 31, 2022 Senior Notes December 15, 2027 7.25% $ 150,000 $ 150,000 Florida State Board of Administration Note (1) July 1, 2026 N/A — — Truist Term Note Payable (2) May 26, 2031 N/A — — Total long-term debt $ 150,000 $ 150,000
Debt Issuance Cost Rollforward	The table below presents the rollforward of our debt issuance costs paid, in conjunction with the debt instruments described above, during the six months ended June 30, 2023 and 2022: 2023 2022 Balance at January 1, $ 1,645 $ 1,998 Additions — — Amortization (166) (168) Balance at June 30, $ 1,479 $ 1,830

Commitments and Contingencies L

Commitments and Contingencies Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Lease, Cost	The components of lease expenses were as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Operating lease expense $ 222 $ 160 $ 444 $ 320 Financing lease expense: Amortization of leased assets 2 113 9 242 Interest on lease liabilities — 1 — 1 Net lease expense $ 224 $ 274 $ 453 $ 563
Lease Assets and Liabilities	The classification of operating and finance lease asset and liability balances within the Unaudited Condensed Consolidated Balance Sheets was as follows: Financial Statement Line June 30, 2023 December 31, 2022 Assets Operating lease assets Other assets $ 903 $ 1,278 Financing lease assets Property and equipment, net — 51 Total lease assets $ 903 $ 1,329 Liabilities Operating lease liabilities Operating lease liability $ 1,172 $ 1,689 Financing lease liabilities Other liabilities — 2 Total lease liabilities $ 1,172 $ 1,691
Weighted Average Lease Terms	Weighted average remaining lease term and discount rate related to operating and finance leases were as follows: June 30, 2023 December 31, 2022 Weighted average remaining lease term (months) Operating leases 21 25 Financing leases — 9 Weighted average discount rate Operating leases 3.57 % 3.79 % Financing leases — % 3.27 %
Lessee, Operating Lease, Liability, Maturity	At June 30, 2023, future minimum gross lease payments relating to these non-cancellable operating lease agreements were as follows: Total Remaining in 2023 $ 432 2024 593 2025 222 2026 11 Total undiscounted future minimum lease payments 1,258 Less: Imputed interest (86) Present value of lease liabilities $ 1,172

Credit Losses (Tables)

Credit Losses (Tables)	6 Months Ended
	Jun. 30, 2023
Credit Loss [Abstract]
Credit Loss Allowance Activity [Table]	The following tables summarize our allowance for expected credit losses by pooled asset for the six months ended June 30, 2023 and 2022, respectively: June 30, 2023 December 31, 2022 Provision for expected credit losses Write-offs June 30, 2023 Premiums Receivable $ 32 $ (47) $ 43 $ 28 Reinsurance Recoverables 333 (164) — 169 Total $ 365 $ (211) $ 43 $ 197 June 30, 2022 December 31, 2021 Provision for expected credit losses Write-offs June 30, 2022 Premiums Receivable $ 16 $ (21) $ 22 $ 17 Reinsurance Recoverables 58 23 — 81 Total $ 74 $ 2 $ 22 $ 98

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The table below details the components of accumulated other comprehensive loss at period end: Pre-Tax Amount Tax (Expense) Benefit Net-of-Tax Amount December 31, 2022 $ (33,041) $ 2,094 $ (30,947) Changes in net unrealized losses on investments 3,407 1,366 4,773 Reclassification adjustment for realized losses 5,464 (1,366) 4,098 Impact of deconsolidation of discontinued operations $ (3) $ 1,007 $ 1,004 June 30, 2023 $ (24,173) $ 3,101 $ (21,072)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2023
Stockholders' Equity Note [Abstract]
Schedule of Dividends Declared	Our Board of Directors declared dividends on our outstanding shares of common stock to stockholders of record as follows for the periods presented (in thousands, except per share amounts): Six Months Ended June 30, 2023 2022 Per Share Amount Aggregate Amount Per Share Amount Aggregate Amount First Quarter $ — $ — $ 0.06 $ 2,589 Second Quarter — — — —

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Share-based Compensation, Stock Options and Stock Appreciation Rights Award Activity	The following table presents certain information related to the activity of our non-vested stock option grants: Number of Stock Options Weighted Average Exercise Prices Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value Outstanding as of December 31, 2022 1,250,685 $ 3.71 7.66 $ — Granted (1) — — — — Less: Forfeited 40,000 3.46 — — Less: Expired 161,925 3.05 — — Less: Exercised 20,000 3.46 — — Outstanding as of June 30, 2023 1,028,760 $ 3.83 8.30 $ 1,561 Vested as of June 30, 2023 (2) 800,759 $ 5.25 7.99 $ 653 Exercisable as of June 30, 2023 430,568 $ 5.25 7.99 $ 653 (1) Contingent options have been excluded from the calculations in the table above. (2) The vested shares are calculated based on all vested shares at June 30, 2023, inclusive of those that have since expired. The weighted average exercise prices, weighted-average remaining contractual term and aggregate intrinsic value is calculated based on only vested shares that are outstanding and exercisable at June 30, 2023.
Schedule of Nonvested Share Activity	The following table presents certain information related to the activity of our non-vested common stock grants: Number of Restricted Shares Weighted Average Grant Date Fair Value Outstanding as of December 31, 2022 714,239 $ 2.73 Granted (1) 45,000 5.25 Less: Forfeited 130,546 3.16 Less: Vested 179,334 3.20 Outstanding as of June 30, 2023 449,359 $ 2.67
Share-based Payment Arrangement, Activity	The following table presents our total stock-based compensation expense: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Employee stock-based compensation expense Pre-tax $ 79 $ 141 $ 388 $ 531 Post-tax (1) 62 111 307 419 Director stock-based compensation expense Pre-tax 29 41 55 103 Post-tax (1) 23 32 43 81
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The following weighted-average assumptions were used to value the stock options granted: 2023 2022 Expected annual dividend yield — % — % Expected volatility 80.84 % 49.66 % Risk-free interest rate 3.44 % 2.92 % Expected term 6 years 6 years

Organization, Consolidation a_2

Organization, Consolidation and Presentation (Details)	6 Months Ended
	Jun. 30, 2023 subsidiary
Number of Wholly-Owned Subsidiaries
Number of Wholly Owned Subsidiaries	2

Discontinued Operations and D_3

Discontinued Operations and Disposal Groups (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Feb. 27, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Increase (Decrease) in Unearned Premiums			$ 59,854	$ (14,657)
Investment Income, Net	$ 2,692	$ 1,839	5,281	3,243
Fixed maturities (amortized cost of $559,163 and $672,139	160,863		160,863			$ 204,682
Equity Securities, FV-NI	0		0			15,657
Other investments (amortized cost of $16,780 and $17,131	3,583		3,583			3,675
Cash and Cash Equivalents	27,767		27,767			70,903
Restricted Cash	49,501		49,501			45,988
Accrued Investment Income	1,632		1,632			1,605
Property and equipment, net	4,474		4,474			5,293
Premiums receivable, net (credit allowance of $28 and $32)	55,651		55,651			39,301
Reinsurance Recoverable for Paid and Unpaid Claims and Claims Adjustments (credit allowance of $552 and $563)	658,814		658,814			796,546
Prepaid Reinsurance Premiums	329,676		329,676			90,496
Deferred policy acquisition costs	34,821		34,821			52,369
Assets	1,444,855		1,444,855			2,837,496
Liabilities	1,332,459		1,332,459			3,019,535
Other assets, net	35,546		35,546			3,920
Disposal Group, Including Discontinued Operation, Assets	12,105		12,105			1,434,815
Unpaid losses and loss adjustment expenses	534,676	224,085	534,676	224,085		842,958	$ 250,642
Unearned Premiums	387,311		387,311			258,978
Reinsurance Payable	140,662		140,662			30,503
Payments outstanding	17,532		17,532			2,000
Accounts Payable	93,184		93,184			74,386
Other Liabilities	7,606		7,606			5,849
Notes Payable	148,521		148,521			148,355
Disposal Group, Including Discontinued Operation, Liabilities	1,795		1,795			1,654,817
Amortization			488	748
Continuing Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross premiums written	243,885	207,632	431,008	350,046
Increase (Decrease) in Unearned Premiums	(85,686)	(78,149)	(128,333)	(97,830)
Gross premiums earned	158,199	129,483	302,675	252,216
Ceded premiums earned	(75,030)	(64,951)	(132,182)	(129,938)
Premiums Earned, Net, Property and Casualty	83,169	64,532	170,493	122,278
Investment Income, Net	2,692	1,839	5,281	3,243
Gain (Loss) on Investments	(6,725)	(77)	(6,808)	(40)
Increase (Decrease) in Equity Securities, FV-NI	141	(2,391)	615	(3,161)
Other revenue	18	7	34	22
Revenues	79,295	63,910	169,615	122,342
Losses and loss adjustment expenses	20,915	14,032	37,327	40,347
Policy acquisition costs	25,545	23,570	52,517	43,878
Operating Costs and Expenses	3,274	3,820	5,442	7,527
General and administrative expenses	6,583	8,208	15,376	16,272
Interest expense	2,719	2,363	5,438	4,722
Costs and Expenses	59,036	51,993	116,100	112,746
Operating Income (Loss)	20,259	11,917	53,515	9,596
Other income	806	258	1,394	1,591
Provision for income taxes	713	25,486	4,190	24,771
Assets	1,432,750	1,185,731	1,432,750	1,185,731
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross premiums written	0	174,094	(120,608)	320,922
Increase (Decrease) in Unearned Premiums	0	13,243	198,154	72,969
Gross premiums earned	0	187,337	77,546	393,891
Ceded premiums earned	0	(140,463)	(48,203)	(303,906)
Premiums Earned, Net, Property and Casualty	0	46,874	29,343	89,985
Investment Income, Net	0	1,301	2,182	2,375
Gain (Loss) on Investments	0	(1)	1,343	(1,807)
Increase (Decrease) in Equity Securities, FV-NI	0	(2,693)	2,080	(4,191)
Other revenue	0	6,411	2,717	9,474
Revenues	0	51,892	37,665	95,836
Losses and loss adjustment expenses	1,191	76,051	36,417	141,115
Policy acquisition costs	(170)	5,418	(1,522)	11,126
Operating Costs and Expenses	507	9,199	4,503	17,740
General and administrative expenses	1,275	6,286	2,559	14,227
Interest expense	0	31	22	50
Costs and Expenses	2,803	96,985	41,979	184,258
Operating Income (Loss)	(2,803)	(45,093)	(4,314)	(88,422)
Other income	0	13	0	23
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax	(2,803)	(45,080)	(4,314)	(88,399)
Provision for income taxes	(230)	10,664	(214)	329
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	(2,573)	$ (55,744)	(4,100)	$ (88,728)
Discontinued Operations | UPC Insurance
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Fixed maturities (amortized cost of $559,163 and $672,139					$ 1,380	171,781
Equity Securities, FV-NI					272	23,363
Other investments (amortized cost of $16,780 and $17,131					12,882	12,952
Cash and Cash Equivalents					224,824	158,990
Restricted Cash					7,758	7,730
Accrued Investment Income					875	1,457
Premiums receivable, net (credit allowance of $28 and $32)					22,733	46,736
Reinsurance Recoverable for Paid and Unpaid Claims and Claims Adjustments (credit allowance of $552 and $563)					548,929	834,863
Prepaid Reinsurance Premiums					75,262	122,533
Deferred policy acquisition costs					(89)	(2,046)
Other assets, net					53,675	33,548
Disposal Group, Including Discontinued Operation, Assets					948,501	1,411,907
Unpaid losses and loss adjustment expenses					920,431	1,103,980
Unearned Premiums					98,655	286,842
Reinsurance Payable					12,612	29,394
Payments outstanding					144,238	213,058
Accounts Payable					1,361	(872)
Other Liabilities					3,476	14,658
Notes Payable					4,118	4,118
Disposal Group, Including Discontinued Operation, Liabilities					$ 1,184,891	1,651,178
Discontinued Operations | Service Entities
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property and equipment, net	12,105		12,105			14,299
Deferred policy acquisition costs	0		0			8,609
Assets	12,105		12,105			22,908
Accrued Sales Commission	1,795		1,795			987
Unearned Policy Fees	0		0			2,652
Liabilities	$ 1,795		$ 1,795			$ 3,639

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Segment Reporting Information
Increase (Decrease) in Unearned Premiums			$ 59,854	$ (14,657)
Investment Income, Net	$ 2,692	$ 1,839	5,281	3,243
Unrealized Gain (Loss) on Investments			2,694	(7,352)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	17,779	(69,055)	285,059	(102,312)
Net Income (Loss) Attributable to Noncontrolling Interest	0	(26)	0	(111)
Net Income (Loss), Parent	$ 17,779	$ (69,029)	$ 285,059	$ (102,201)
Loss Ratio	25.10%	21.70%	21.90%	33%
Underwriting Expense Ratio	42.60%	55.20%	43%	55.30%
Combined Ratio	67.70%	76.90%	64.90%	88.30%
Assets	$ 1,444,855		$ 1,444,855		$ 2,837,496
Continuing Operations
Segment Reporting Information
Gross premiums written	243,885	$ 207,632	431,008	$ 350,046
Increase (Decrease) in Unearned Premiums	(85,686)	(78,149)	(128,333)	(97,830)
Gross premiums earned	158,199	129,483	302,675	252,216
Ceded premiums earned	(75,030)	(64,951)	(132,182)	(129,938)
Premiums Earned, Net, Property and Casualty	83,169	64,532	170,493	122,278
Investment Income, Net	2,692	1,839	5,281	3,243
Gain (Loss) on Investments	(6,725)	(77)	(6,808)	(40)
Unrealized Gain (Loss) on Investments	141	(2,391)	615	(3,161)
Other revenue	18	7	34	22
Revenues	79,295	63,910	169,615	122,342
Losses and loss adjustment expenses	20,915	14,032	37,327	40,347
Policy acquisition costs	25,545	23,570	52,517	43,878
Operating Costs and Expenses	3,274	3,820	5,442	7,527
General and administrative expenses	6,583	8,208	15,376	16,272
Interest expense	2,719	2,363	5,438	4,722
Costs and Expenses	59,036	51,993	116,100	112,746
Operating Income (Loss)	20,259	11,917	53,515	9,596
Other income	806	258	1,394	1,591
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	21,065	12,175	54,909	11,187
Provision for income taxes	713	25,486	4,190	24,771
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	20,352	(13,311)	50,719	(13,584)
Net Income (Loss) Attributable to Noncontrolling Interest	0	(26)	0	(111)
Net Income (Loss), Parent	20,352	(13,285)	50,719	(13,473)
Assets	1,432,750	1,185,731	1,432,750	1,185,731
Insurance Agency Management Fee			0	0
Commercial Lines Reporting Segment
Segment Reporting Information
Gross premiums written	236,822	181,067	413,463	309,031
Increase (Decrease) in Unearned Premiums	(91,011)	(67,849)	(135,618)	(88,348)
Gross premiums earned	145,811	113,218	277,845	220,683
Ceded premiums earned	(71,825)	(61,771)	(125,199)	(123,793)
Premiums Earned, Net, Property and Casualty	73,986	51,447	152,646	96,890
Investment Income, Net	1,866	1,476	3,652	2,603
Gain (Loss) on Investments	(6,708)	(79)	(6,791)	(77)
Unrealized Gain (Loss) on Investments	140	(2,390)	613	(3,159)
Other revenue	0	0	0	0
Revenues	69,284	50,454	150,120	96,257
Losses and loss adjustment expenses	16,245	8,194	30,146	22,308
Policy acquisition costs	23,526	19,928	48,692	36,606
Operating Costs and Expenses	1,501	1,127	1,597	2,236
General and administrative expenses	2,631	2,421	5,385	4,741
Interest expense	0	0	0	0
Costs and Expenses	43,903	31,670	85,820	65,891
Operating Income (Loss)	25,381	18,784	64,300	30,366
Other income	0	2	0	2
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$ 25,381	$ 18,786	$ 64,300	$ 30,368
Loss Ratio	22%	15.90%	19.70%	23%
Underwriting Expense Ratio	37.40%	45.60%	36.50%	45%
Combined Ratio	59.40%	61.50%	56.20%	68%
Assets	$ 1,612,469	$ 1,352,713	$ 1,612,469	$ 1,352,713
Personal Lines Reporting Segment
Segment Reporting Information
Gross premiums written	7,063	26,565	17,545	41,015
Increase (Decrease) in Unearned Premiums	5,325	(10,300)	7,285	(9,482)
Gross premiums earned	12,388	16,265	24,830	31,533
Ceded premiums earned	(3,205)	(3,180)	(6,983)	(6,145)
Premiums Earned, Net, Property and Casualty	9,183	13,085	17,847	25,388
Investment Income, Net	804	353	1,586	621
Gain (Loss) on Investments	(17)	2	(17)	37
Unrealized Gain (Loss) on Investments	0	0	0	0
Other revenue	18	7	34	22
Revenues	9,988	13,447	19,450	26,068
Losses and loss adjustment expenses	4,670	5,838	7,181	18,039
Policy acquisition costs	2,019	3,642	3,825	7,272
Operating Costs and Expenses	1,669	2,606	3,617	5,113
General and administrative expenses	3,772	5,285	9,679	10,648
Interest expense	0	0	0	0
Costs and Expenses	12,130	17,371	24,302	41,072
Operating Income (Loss)	(2,142)	(3,924)	(4,852)	(15,004)
Other income	806	199	1,609	(78)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$ (1,336)	$ (3,725)	$ (3,243)	$ (15,082)
Loss Ratio	50.90%	44.60%	40.20%	71.10%
Underwriting Expense Ratio	81.20%	88.10%	95.90%	90.70%
Combined Ratio	132.10%	132.70%	136.10%
Assets	$ (233,324)	$ (471,806)	$ (233,324)	$ (471,806)
Insurance Agency Management Fee			0	0
Adjustments and Reconciling Items
Segment Reporting Information
Gross premiums written	0	0	0	0
Increase (Decrease) in Unearned Premiums	0	0	0	0
Gross premiums earned	0	0	0	0
Ceded premiums earned	0	0	0	0
Premiums Earned, Net, Property and Casualty	0	0	0	0
Investment Income, Net	22	10	43	19
Gain (Loss) on Investments	0	0	0	0
Unrealized Gain (Loss) on Investments	1	(1)	2	(2)
Other revenue	0	0	0	0
Revenues	23	9	45	17
Losses and loss adjustment expenses	0	0	0	0
Policy acquisition costs	0	0	0	0
Operating Costs and Expenses	104	87	228	178
General and administrative expenses	180	502	312	883
Interest expense	2,719	2,363	5,438	4,722
Costs and Expenses	3,003	2,952	5,978	5,783
Operating Income (Loss)	(2,980)	(2,943)	(5,933)	(5,766)
Other income	0	57	(215)	1,667
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	(2,980)	(2,886)	(6,148)	(4,099)
Provision for income taxes	713	25,486	4,190	24,771
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(3,693)	(28,372)	(10,338)	(28,870)
Net Income (Loss) Attributable to Noncontrolling Interest	0	(26)	0	(111)
Net Income (Loss), Parent	(3,693)	(28,346)	(10,338)	(28,759)
Assets	$ 53,605	$ 304,824	$ 53,605	$ 304,824

Investments (Details)

Investments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Schedule of Available-for-sale Securities
Credit Loss Change, Available-for-Sale Investments	$ 0	$ 0	$ 0	$ 0

Investments - Schedule of Avail

Investments - Schedule of Available-for-sale Securities Reconciliation (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Schedule of Available-for-sale Securities
Fair Value	$ 160,863	$ 204,682
U.S. Government and Agency Securities
Schedule of Available-for-sale Securities
Fixed maturities, cost	2,493	2,490
Fair Value	2,393	2,385
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	0	0
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	100	105
Foreign Government
Schedule of Available-for-sale Securities
Fixed maturities, cost	1,000	1,000
Fair Value	995	991
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	0	0
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	5	9
States, Municipalities and Political Subdivisions
Schedule of Available-for-sale Securities
Fixed maturities, cost	26,470	30,958
Fair Value	23,479	26,895
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	11	2
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	3,002	4,065
Public Utilities
Schedule of Available-for-sale Securities
Fixed maturities, cost	5,672	8,936
Fair Value	5,009	7,694
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	0	0
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	663	1,242
Corporate Securities
Schedule of Available-for-sale Securities
Fixed maturities, cost	72,088	99,062
Fair Value	61,770	83,343
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	0	20
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	10,318	15,739
Mortgage-backed securities
Schedule of Available-for-sale Securities
Fixed maturities, cost	57,652	65,251
Fair Value	49,464	56,115
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	0	0
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	8,188	9,136
Asset-backed Securities
Schedule of Available-for-sale Securities
Fixed maturities, cost	19,671	30,038
Fair Value	17,753	27,259
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	0	9
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	1,918	2,788
Fixed Maturities
Schedule of Available-for-sale Securities
Fixed maturities, cost	185,046	237,735
Fair Value	160,863	204,682
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	11	31
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	$ 24,194	$ 33,084

Investments - Schedule of Reali

Investments - Schedule of Realized Gain (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Fair Value at Sale
Fair value at sale	$ 13,484	$ 12,541	$ 18,902	$ 24,733
Fair value at sale	54,888	1,010	54,847	1,261
Net fair value at sale	68,372	13,551	73,749	25,994
Debt Securities, Available-for-Sale, Realized Gain	220	23	224	64
Debt Securities, Available-for-Sale, Realized Loss	(6,945)	(100)	(7,032)	(104)
Debt Securities, Available-for-Sale, Realized Gain (Loss)	(6,725)	(77)	(6,808)	(40)
Fixed Maturities
Fair Value at Sale
Fair value at sale	7,698	12,541	12,990	24,733
Fair value at sale	44,516	1,010	44,475	1,261
Debt Securities, Available-for-Sale, Realized Gain	55	23	59	64
Debt Securities, Available-for-Sale, Realized Loss	(6,280)	(100)	(6,367)	(104)
Equity Securities
Fair Value at Sale
Fair value at sale	5,786	0	5,786	0
Fair value at sale	10,372	0	10,372	0
Equity Securities, FV-NI, Realized Gain	165	0	165	0
Equity Securities, FV-NI, Realized Loss	(665)	0	(665)	0
Short-term Investments
Fair Value at Sale
Fair value at sale	0	0	126	0
Fair value at sale	0	0	0	0
Debt Securities, Available-for-Sale, Realized Gain	0	0	0	0
Debt Securities, Available-for-Sale, Realized Loss	$ 0	$ 0	$ 0	$ 0

Investments - Investments Class

Investments - Investments Classified by Contractual Maturity Date (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value
Total	$ 160,863	$ 204,682
Fixed Maturities
Cost or Amortized Cost
Due in one year or less	5,798
Due after one year through five years	38,018
Due after five years through ten years	58,951
Due after ten years	4,956
Asset and mortgage backed securities	77,323
Cost or adjusted/amortized cost	$ 185,046	237,735
Percent of Total
Due in one year or less	3.10%
Due after one year through five years	20.50%
Due after five years through ten years	31.90%
Due after ten years	2.70%
Asset and mortgage backed securities	41.80%
Total	100%
Fair Value
Due in one year or less	$ 5,728
Due after one year through five years	34,426
Due after five years through ten years	49,482
Due after ten years	4,010
Asset and mortgage backed securities	67,217
Total	$ 160,863	$ 204,682
Percent of Total
Due in one year or less	3.60%
Due after one year through five years	21.40%
Due after five years through ten years	30.80%
Due after ten years	2.50%
Asset and mortgage backed securities	41.70%
Total	100%

Investments - Investment Income

Investments - Investment Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net Investment Income
Investment income	$ 2,764	$ 1,957	$ 5,427	$ 3,531
Investment expenses	(72)	(118)	(146)	(288)
Net investment income	2,692	1,839	5,281	3,243
Fixed Maturities
Net Investment Income
Investment income	1,224	1,583	2,496	3,014
Equity Securities
Net Investment Income
Investment income	0	62	81	128
Cash and cash equivalents
Net Investment Income
Investment income	1,624	195	2,928	217
Other Investments
Net Investment Income
Investment income	$ (84)	$ 117	$ (78)	$ 172

Investments - Schedule of Unrea

Investments - Schedule of Unrealized Loss on Investments (Details) $ in Thousands	Jun. 30, 2023 USD ($) security	Dec. 31, 2022 USD ($) security
U.S. Government and Agency Securities
Twelve Months or More
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions | security	1	3
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	$ 7	$ 105
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	$ 992	$ 2,385
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | security	2	0
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ 93	$ 0
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	$ 1,400	$ 0
States, Municipalities and Political Subdivisions
Twelve Months or More
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions | security	7	21
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	$ 52	$ 540
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	$ 3,412	$ 7,306
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | security	42	31
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ 2,950	$ 3,525
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	$ 19,323	$ 18,853
Public Utilities
Twelve Months or More
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions | security	0	8
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	$ 0	$ 193
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	$ 0	$ 2,286
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | security	12	4
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ 663	$ 1,049
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	$ 5,008	$ 5,408
Corporate Securities
Twelve Months or More
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions | security	14	78
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	$ 245	$ 2,279
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	$ 4,675	$ 24,594
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | security	130	77
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ 10,073	$ 13,460
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	$ 57,090	$ 57,765
Mortgage-backed securities
Twelve Months or More
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions | security	5	48
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	$ 135	$ 1,282
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	$ 1,744	$ 15,259
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | security	118	80
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ 8,053	$ 7,854
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	$ 47,719	$ 40,856
Asset-backed Securities
Twelve Months or More
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions | security	8	16
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	$ 73	$ 795
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	$ 3,376	$ 6,397
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | security	45	46
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ 1,845	$ 1,993
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	$ 14,494	$ 19,028
Fixed Maturities
Twelve Months or More
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions | security	36	175
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	$ 517	$ 5,203
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	$ 15,194	$ 59,218
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | security	349	238
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ 23,677	$ 27,881
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	$ 145,034	$ 141,910
Foreign Government
Twelve Months or More
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions | security	1	1
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	$ 5	$ 9
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	$ 995	$ 991
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | security	0	0
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ 0	$ 0
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	$ 0	$ 0

Investments - Schedule of Fair

Investments - Schedule of Fair Value of Financial Instruments Measured on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	$ 160,863	$ 204,682
Debt Securities, Trading, and Equity Securities, FV-NI	160,979	220,464
U.S. Government and Agency Securities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	2,393	2,385
Foreign Government
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	995	991
States, Municipalities and Political Subdivisions
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	23,479	26,895
Public Utilities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	5,009	7,694
Corporate Securities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	61,770	83,343
Mortgage-backed securities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	49,464	56,115
Asset-backed Securities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	17,753	27,259
Fixed Maturities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	160,863	204,682
Equity Securities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	0	15,657
Other Long-term Investments
Schedule of Available-for-sale Securities
Other Investments	3,583
Fixed maturities (amortized cost of $559,163 and $672,139	116	125
Mutual Fund
Schedule of Available-for-sale Securities
Equity securities, fair value	0	15,657
Level 1
Schedule of Available-for-sale Securities
Debt Securities, Trading, and Equity Securities, FV-NI	0	15,657
Level 1 | U.S. Government and Agency Securities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	0	0
Level 1 | Foreign Government
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	0	0
Level 1 | States, Municipalities and Political Subdivisions
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	0	0
Level 1 | Public Utilities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	0	0
Level 1 | Corporate Securities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	0	0
Level 1 | Mortgage-backed securities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	0	0
Level 1 | Asset-backed Securities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	0	0
Level 1 | Fixed Maturities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	0	0
Level 1 | Equity Securities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	0	15,657
Level 1 | Other Long-term Investments
Schedule of Available-for-sale Securities
Other Investments	0	0
Level 1 | Mutual Fund
Schedule of Available-for-sale Securities
Equity securities, fair value	0	15,657
Level 2
Schedule of Available-for-sale Securities
Debt Securities, Trading, and Equity Securities, FV-NI	160,979	204,807
Level 2 | U.S. Government and Agency Securities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	2,393	2,385
Level 2 | Foreign Government
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	995	991
Level 2 | States, Municipalities and Political Subdivisions
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	23,479	26,895
Level 2 | Public Utilities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	5,009	7,694
Level 2 | Corporate Securities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	61,770	83,343
Level 2 | Mortgage-backed securities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	49,464	56,115
Level 2 | Asset-backed Securities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	17,753	27,259
Level 2 | Fixed Maturities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	160,863	204,682
Level 2 | Equity Securities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	0	0
Level 2 | Other Long-term Investments
Schedule of Available-for-sale Securities
Other Investments	116	125
Level 2 | Mutual Fund
Schedule of Available-for-sale Securities
Equity securities, fair value	0	0
Level 3
Schedule of Available-for-sale Securities
Debt Securities, Trading, and Equity Securities, FV-NI	0	0
Level 3 | U.S. Government and Agency Securities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	0	0
Level 3 | Foreign Government
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	0	0
Level 3 | States, Municipalities and Political Subdivisions
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	0	0
Level 3 | Public Utilities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	0	0
Level 3 | Corporate Securities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	0	0
Level 3 | Mortgage-backed securities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	0	0
Level 3 | Asset-backed Securities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	0	0
Level 3 | Fixed Maturities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	0	0
Level 3 | Equity Securities
Schedule of Available-for-sale Securities
Fixed maturities (amortized cost of $559,163 and $672,139	0	0
Level 3 | Other Long-term Investments
Schedule of Available-for-sale Securities
Other Investments	0	0
Level 3 | Mutual Fund
Schedule of Available-for-sale Securities
Equity securities, fair value	$ 0	$ 0

Investments - Schedule of Other

Investments - Schedule of Other Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Other Investments
Fair Value	$ 160,863	$ 204,682
Other Long-term Investments
Other Investments
Fair Value	116	125
Other Investments	3,583
Fixed maturities, cost	3,403	$ 3,072
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	722
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	542
Short-term Investments
Other Investments
Fair Value	116
Fixed maturities, cost	117
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	0
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	1
Limited Partnership
Other Investments
Fixed maturities, cost	3,286
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	722
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	541
Fair Value of Limited Partnership Interest	3,467
Certificates of Deposit
Other Investments
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	0
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	0
Fair value - certificates of deposit	$ 0

Investments - Equity Securities

Investments - Equity Securities, FV-NI (Details) - Mutual Fund - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt and Equity Securities, FV-NI
Fair value	$ 0	$ 15,657
Percent of Total	0%	100%

Investments - Restricted Cash (

Investments - Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Restricted Cash and Cash Equivalents Items
Assets Held-in-trust	$ 48,874	$ 45,364
Restricted Cash	49,501	45,988
Regulatory Assets, Fair Value Disclosure	627	624
Security Deposit	$ 2,493	$ 2,616

Earnings per Share - Schedule o

Earnings per Share - Schedule of Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Numerator
Net income attributable to UIHC common stockholders	$ 17,779	$ (69,029)	$ 285,059	$ (102,201)
Denominator
Weighted-average shares outstanding	43,229,416	43,049,227	43,178,758	43,015,114
Effect of dilutive securities	575,801	0	511,677	0
Weighted-average diluted shares	43,805,217	43,049,227	43,690,435	43,015,114
Basic earnings per share	$ 0.42	$ (1.60)	$ 6.59	$ (2.37)
Diluted earnings per share	$ 0.41	$ (1.60)	$ 6.52	$ (2.37)

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense	$ 996		$ 1,230	$ 2,004	$ 2,502
Software in progress	$ 76			76		$ 82
Property, Plant and Equipment, Disposals		$ 13,202			691
Accumulated Depreciation, Depletion and Amortization, Sale or Disposal of Property, Plant and Equipment		12,691		644
Leased Vehicle Disposal		1,222		1,069
Accumulated Depreciation - Leased Vehicles Disposed of		1,114			$ 1,038
Gain on Leased Vehicle Disposal		738		$ 559
Building Disposal		13,369
Accumulated Depreciation, Buildings Disposed of		5,129
Gain on Building Disposal		$ 12,164

Property and Equipment, Net - S

Property and Equipment, Net - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment
Total, at cost	$ 9,251	$ 11,411
Less: Accumulated Depreciation and Amortization, Property, Plant, and Equipment	(4,777)	(6,118)
Property, Plant and Equipment, Net	4,474	5,293
Office Equipment
Property, Plant and Equipment
Total, at cost	806	1,414
Computer Equipment
Property, Plant and Equipment
Total, at cost	8,134	8,164
Leasehold Improvements
Property, Plant and Equipment
Total, at cost	311	753
Vehicles
Property, Plant and Equipment
Total, at cost	$ 0	$ 1,080

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 811		$ 812	$ 1,623	$ 1,624
Goodwill	59,476			59,476		$ 59,476
Goodwill, Impairment Loss				10,156
Goodwill, Impaired, Accumulated Impairment Loss	$ 10,156			$ 10,156
Goodwill - Commercial Lines						$ 59,476
Gain (Loss) on Disposition of Intangible Assets		$ 2,359

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Acquired Finite-Lived Intangible Assets
Finite-Lived Intangible Assets, Gross	$ 83,829		$ 83,830
Finite-Lived Intangible Assets, Accumulated Amortization	(74,081)		(72,458)
Finite-Lived Intangible Assets, Net	9,748		11,372
Value of Business Acquired
Acquired Finite-Lived Intangible Assets
Finite-Lived Intangible Assets, Gross	42,788		42,788
Finite-Lived Intangible Assets, Accumulated Amortization	(42,788)		(42,788)
Finite-Lived Intangible Assets, Net	0		0
Customer Relationships
Acquired Finite-Lived Intangible Assets
Finite-Lived Intangible Assets, Gross	34,660		34,661
Finite-Lived Intangible Assets, Accumulated Amortization	(25,519)		(24,300)
Finite-Lived Intangible Assets, Net	$ 9,141		10,361
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 years 10 months	4 years 4 months
Trade Names
Acquired Finite-Lived Intangible Assets
Finite-Lived Intangible Assets, Gross	$ 6,381		6,381
Finite-Lived Intangible Assets, Accumulated Amortization	(5,774)		(5,370)
Finite-Lived Intangible Assets, Net	$ 607		$ 1,011
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	8 months	1 year 4 months

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Future Amortization Expense (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year	$ 1,623
Finite-Lived Intangible Asset, Expected Amortization, Year One	2,640
Finite-Lived Intangible Asset, Expected Amortization, Year Three	2,438
Finite-Lived Intangible Asset, Expected Amortization, Year Four	2,438
Finite-Lived Intangible Asset, Expected Amortization, Year Four	609
Finite-Lived Intangible Asset, Expected Amortization, Year Five	$ 0

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Reconciliation (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Indefinite-lived Intangible Assets (Excluding Goodwill)	$ 1,198	$ 1,398
Finite-Lived Intangible Assets, Net	9,748	11,372
Intangible Assets, Net (Excluding Goodwill)	$ 10,946	$ 12,770

Reinsurance (Details)

Reinsurance (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)
Reinsurance Retention Policy
Document Period End Date		Jun. 30, 2023
Event Retention Level	$ 10,000	$ 10,000
Catastrophe Excess of Loss
Reinsurance Retention Policy
Reinsurance, Excess Retention, Amount Reinsured, Per Policy	1,300,000
All Other Perils Excess of Loss
Reinsurance Retention Policy
Reinsurance, Excess Retention, Amount Reinsured, Per Policy	101,000
Interboro Insurance
Reinsurance Retention Policy
Event Retention Level	3,000	$ 3,000
Interboro Insurance | Catastrophe Excess of Loss
Reinsurance Retention Policy
Reinsurance, Excess Retention, Amount Reinsured, Per Policy	$ 82,000

Reinsurance Recoverables (Detai

Reinsurance Recoverables (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Reinsurance Recoverable
Reinsurance Recoverable for Unpaid Claims and Claims Adjustments	$ 443,719	$ 732,254	$ 163,509	$ 176,096
Reinsurance Recoverable for Paid Claims and Claims Adjustments	215,095	64,292
Reinsurance Recoverable for Paid and Unpaid Claims and Claims Adjustments	$ 658,814	$ 796,546

Liability for Unpaid Losses a_3

Liability for Unpaid Losses and Loss Adjustment Expenses (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Liability for Unpaid Claims and Claims Adjustment Expense
Unpaid losses and loss adjustment expenses	$ 534,676	$ 224,085	$ 842,958	$ 250,642
Reinsurance Recoverable for Unpaid Claims and Claims Adjustments	443,719	163,509	732,254	176,096
Liability for Unpaid Claims and Claims Adjustment Expense, Net	90,957	60,576	$ 110,704	$ 74,546
Current Year Claims and Claims Adjustment Expense	45,643	47,288
Prior Year Claims and Claims Adjustment Expense	(8,316)	6,941
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims	37,327	40,347
Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid, Current Year	27,217	30,666
Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid, Prior Years	29,857	23,651
Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid	57,074	54,317
Liability for Unpaid Claims and Claims Adjustment Expense, Reported Claims, Amount	182,196	116,428
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred but Not Reported (IBNR) Claims, Amount	$ 352,480	$ 107,657

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($) $ in Thousands	Dec. 13, 2017	May 26, 2016	Sep. 22, 2006	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument
Notes Payable				$ 148,521	$ 148,355
BB&T Term Note Payable
Debt Instrument
Notes Payable		$ 5,200
Interest rate (percentage)		1.65%
Debt Instrument, Term		15 years
Florida State Board of Administration
Debt Instrument
Notes Payable			$ 20,000
Debt Instrument, Term			20 years
150M Senior Notes
Debt Instrument
Notes Payable	$ 150,000
Interest rate (percentage)	6.25%
Debt Instrument, Term	10 years

Schedule of Long-Term Debt (Det

Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Dec. 13, 2017	May 26, 2016
Debt Instrument
Long-term Debt, Fair Value	$ 150,000	$ 150,000
150M Senior Notes
Debt Instrument
Debt Instrument, Maturity Date	Dec. 15, 2027
Interest rate (percentage)			6.25%
Debt Instrument, Interest Rate, Effective Percentage	7.25%
Long-term Debt, Fair Value	$ 150,000	150,000
BB&T Term Note Payable
Debt Instrument
Debt Instrument, Maturity Date	May 26, 2031
Interest rate (percentage)				1.65%
Long-term Debt, Fair Value	$ 0	0
Florida State Board of Administration
Debt Instrument
Debt Instrument, Maturity Date	Jul. 01, 2026
Long-term Debt, Fair Value	$ 0	$ 0

Debt Issuance Cost Rollforward

Debt Issuance Cost Rollforward (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Debt Issuance Costs, Gross	$ 0		$ 0
Accumulated Amortization, Debt Issuance Costs	(166)		(168)
Debt Issuance Costs, Net	$ 1,479	$ 1,645	$ 1,830	$ 1,998

Commitments and Contingencies_2

Commitments and Contingencies Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Mar. 31, 2024	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Lease Costs
Operating Lease, Expense		$ 222	$ 160	$ 444	$ 320
Finance Lease, Right-of-Use Asset, Amortization		2	113	9	242
Finance Lease, Interest Expense		0	1	0	1
Lease, Cost		$ 224	$ 274	453	$ 563
Operating Leases, Income Statement, Sublease Revenue	$ 297			$ 99

Commitments and Contingencies_3

Commitments and Contingencies Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Lessee, Lease, Description
Operating Lease, Right-of-Use Asset	$ 903	$ 1,278
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	0	51
Total Lease Assets	903	1,329
Operating Lease, Liability	1,172	1,689
Finance Lease, Liability	0	2
Total Lease Liability	$ 1,172	$ 1,691

Commitments and Contingencies W

Commitments and Contingencies Weighted Average Lease Terms (Details)	Jun. 30, 2023 Rate	Dec. 31, 2022 Rate
Weighted Average Terms
Operating Lease, Weighted Average Discount Rate, Percent	3.57%	3.79%
Operating Lease, Weighted Average Remaining Lease Term	1 year 8 months	2 years 1 month
Finance Lease, Weighted Average Discount Rate, Percent	0%	3.27%
Finance Lease, Weighted Average Remaining Lease Term	0 years	9 months

Commitments and Contingencies S

Commitments and Contingencies Schedule of Future Minimum Rental Payments (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Schedule of Future Minimum Rental Payments
Total Lease Future Payments Year 1	$ 432
Total Lease Future Payments Year 2	593
Total Lease Future Payments Year 3	222
Total Lease Future Payments Year 4	11
Total Lease Future Payments	1,258
Total Lease Liability Undiscounted Excess Amount	(86)
Operating Lease, Liability	1,172	$ 1,689
Finance Lease, Liability	0	2
Total Lease Liability	$ 1,172	$ 1,691

Commitments and Contingencies N

Commitments and Contingencies Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Partnership unfunded commitments	$ 3,602	$ 4,238

Credit Losses (Details)

Credit Losses (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Credit Loss Allowance Activity
Premium Receivable, Allowance for Credit Loss	$ 28	$ 17	$ 32	$ 16
Reinsurance Recoverable, Allowance for Credit Loss	169	81	333	58
Financing Receivable, Allowance for Credit Loss	0		0
Total Credit Loss Allowances	197	98	$ 365	$ 74
Premium Receivable, Credit Loss Expense (Reversal)	(47)	(21)
Reinsurance Recoverable, Credit Loss Expense (Reversal)	(164)	23
Total Credit Loss Allowance Expenses	(211)	2
Premium Receivable, Allowance for Credit Loss, Writeoff	43	22
Reinsurance recoverable, allowance for credit loss, writeoff	0	0
Total Credit Loss Allowance Writeoffs	$ 43	$ 22

Statutory Accounting and Regu_2

Statutory Accounting and Regulation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Insurance [Abstract]
Statutory capital and surplus balance	$ 145,774		$ 145,774		$ 103,663
Statutory Net Income [Line Items]
Statutory net income (loss)	40,605	$ 5,966	56,632	$ 8,091
Statutory capital and surplus balance	145,774		145,774		103,663
Statutory net income (loss)	40,605	5,966	56,632	8,091
American Coastal Insurance Company
Insurance [Abstract]
Statutory capital and surplus balance	122,200		122,200		77,511
Statutory Net Income [Line Items]
Statutory net income (loss)	40,883	4,577	59,113	10,687
Statutory capital and surplus balance	122,200		122,200		77,511
Statutory net income (loss)	40,883	4,577	59,113	10,687
Interboro Insurance
Insurance [Abstract]
Statutory capital and surplus balance	23,574		23,574		26,152
Statutory Net Income [Line Items]
Statutory net income (loss)	(278)	1,389	(2,481)	(2,596)
Statutory capital and surplus balance	23,574		23,574		$ 26,152
Statutory net income (loss)	$ (278)	$ 1,389	$ (2,481)	$ (2,596)

Schedule of Accumulated Other C

Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss)
AOCI before Tax, Attributable to Parent	$ (24,173)		$ (24,173)		$ (33,041)
Accumulated Other Comprehensive Income (Loss), Tax (Expense) Benefit	3,101		3,101		2,094
Accumulated Other Comprehensive Income (Loss), Net of Tax	(21,072)		(21,072)		$ (30,947)
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment and Tax	2,168	$ 16,590	(2,063)	$ 44,279
Reclassification adjustment for net realized investment (gains) losses	$ (6,725)	$ (78)	(6,808)	$ (1,847)
Impact of deconsolidation of former entity, tax impact			1,007
Impact of deconsolidation of former entity, pre-tax			(3)
Impact of deconsolidation of former entity, net of tax			1,004
Consolidated Entity Excluding Noncontrolling Interests
Accumulated Other Comprehensive Income (Loss)
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment and Tax			3,407
OCI, Debt Securities, Available-for-Sale, Gain (Loss), before Adjustment, Tax			1,366
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax			4,773
Reclassification adjustment for net realized investment (gains) losses			5,464
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax			(1,366)
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent			$ 4,098

Schedule of Dividends Declared

Schedule of Dividends Declared (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2022	Jun. 30, 2022
Class of Stock
Dividends declared per share (in usd per share)	$ 0
Aggregate amount of dividends		$ 2,589
Common Stock, Dividends, Per Share, Cash Paid	$ 0

Stockholders' Equity Narrative

Stockholders' Equity Narrative (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Stockholders' Equity Narrative [Abstract]
Stock Repurchase Program, Authorized Amount	$ 25,000

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock-based Compensation Expense (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($) year	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) year	Jun. 30, 2022 USD ($)
Employee
Share-based Compensation Arrangement by Share-based Payment Award
Unrecognized Stock Compensation Expense	$ 2,676		$ 2,676
Weighted average remaining expense period | year	2.3		2.3
Pre-Tax Expense	$ 79	$ 141	$ 388	$ 531
Post-Tax Expense	62	111	307	419
Director
Share-based Compensation Arrangement by Share-based Payment Award
Unrecognized Stock Compensation Expense	$ 218		$ 218
Weighted average remaining expense period | year	0.9		0.9
Pre-Tax Expense	$ 29	41	$ 55	103
Post-Tax Expense	$ 23	$ 32	$ 43	$ 81

Stock-Based Compensation - Non-

Stock-Based Compensation - Non-Vested Common Stock Grants (Details) - Restricted Stock - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award
Granted shares	45,000	793,041	45,000	907,907
Less: Forfeited shares			130,546
Less: Vested shares			179,334
Outstanding shares	449,359		449,359		714,239
Granted (fair value)	$ 5.25	$ 1.74	$ 5.25	$ 1.97
Less: Forfeited (fair value)			3.16
Less: Vested (fair value)			3.20
Outstanding (fair value)	$ 2.67		$ 2.67		$ 2.73

Stock-Based Compensation - Weig

Stock-Based Compensation - Weighted-Average Assumptions - Stock Options (Details)	3 Months Ended	6 Months Ended
	Mar. 31, 2023	Jun. 30, 2023 Rate	Jun. 30, 2022 Rate
Share-based Compensation Arrangement by Share-based Payment Award
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	6 years
Expected volatility		80.84%	49.66%
Risk-free interest rate		3.44%	2.92%

Stock-Based Compensation - No_2

Stock-Based Compensation - Non-Vested Stock Options (Details) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Share-based Payment Arrangement, Option, Exercise Price Range
Granted shares		0
Less: Forfeited shares		40,000
Outstanding shares		1,028,760	1,250,685
Vested Shares		800,759
Exercisable shares		430,568
Granted (Weighted-Average Exercise)		$ 0
Less: Forfeited (Weighted-Average Exercise)		3.46
Less: Exercised, (Weighted Average Exercise Price)		3.46
Outstanding (Weight-Average Exercise)		3.83	$ 3.71
Vested (Weighted-Average Exercise)		5.25
Exercisable (Weighted-Average Exercise)		$ 5.25
Outstanding Options, weighted average remaining contractual term	7 years 8 months	8 years 4 months
Vested weighted average remaining contractual term		8 years
Exercisable weighted average remaining contractual term		8 years
Granted Options, Intrinsic Value		$ 0
Forfeited Options, Intrinsic Value		0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price		$ 3.05
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period		161,925
Exercised Options, Intrinsic Value		$ 0
Outstanding Options, Intrinsic Value		1,561,000	$ 0
Vested Options, Intrinsic value		653,000
Exercisable Options, Intrinsic Value		$ 653,000
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	6 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period		20,000