美国海岸保险公司2025年季度报告

FORM10-Q_______________________ ☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedMarch31, 2025OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number001-35761____________________ American Coastal Insurance Corporation Securities registered pursuant to Section 12(b) of the Act: Title of Each ClassCommon Stock, $0.0001 par value per share Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and Indicate by check mark whether the registrant has submitted electronically everyInteractive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting Large accelerated filer☐Accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.£ As of May2, 2025,48,353,412shares of common stock, par value $0.0001 per share, were outstanding. FORWARD-LOOKING STATEMENTS This Form 10-Q contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.These forward-looking statements include statements about anticipated growth in revenues, gross written premium, earnings per share,estimated unpaid losses on insurance policies, investment returns, and diversification and expectations about our liquidity, our ability tomeet our investment objectives, our ability to manage and mitigate market risk with respect to our investments and our ability to continueas a going concern. Without limiting the generality of the foregoing, words such as “may,” “will,” “expect,” “endeavor,” “project,”“believe,” “plan,” “anticipate,” “intend,” “could,” “would,” “estimate,” or “continue” or the negative variations thereof or comparable •our exposure to catastrophic events and severe weather conditions;•the regulatory, economic and weather conditions present in Florida the state in which we write business;•our ability to cultivate and maintain agent relationships, particularly our relationship with AmRisc, LLC (AmRisc);•the possibility that actual claims incurred may exceed our loss reserves for claims;•assessments charged by various governmental agencies;•our ability to implement and maintain adequate internal controls over financial reporting;•our ability to maintain information technology and data security systems, and to outsource relationships;•our reliance on key vendor relationships, and the ability of our vendors to protect the personally identifiable information of ourcustomers, claimants or employees;•our ability to attract and retain the services of senior management;•risks and uncertainties relating to our mergers, dispositions and other strategic transactions;•risks associated with investments in which we share ownership or management with third parties;•our ability to generate sufficient cash to service all of our indebtedness and comply with covenants and other requirements relatedto our indebtedness;•our ability to maintain our market share;•changes in the regulatory environment present in the states in which we operate;•the impact of newfederal orstate regulations that affect the insurance industry;•the cost, viability and availability of reinsurance;•our ability to collect from our reinsurers or others on our reinsurance claims;•our ability to accurately price risks we underwrite and apply loss limitation methods;•our ability to pay claims accurately and timely;•dependence on investment income and the composition of our investment portfolio and related market risks;•the possibility of the pricing and terms for our products to decline due to the historically cyclical nature of the property andcasualty insurance and reinsurance industry;•the outcome of litigation pending against us, including the terms of any settlements;•downgrades in our financial strength or stability ratings;•the impact of future transactions of substantial amounts of our common stock by us or our significant stockholders on our stockprice;•our ability to meet the standards for continued listing on Nasdaq;•our ability to pay dividends in the future, which may be constrained by our holding company structure; We caution you not to rely on these forward-looking statements, which are valid only as of t