Investor Presentaiton
Summary of Balance Sheet Changes
$ in millions except per share amounts
March 31, 2023
June 30, 2023
10-Q/A
10-Q
Change
10-Q
8-K
Change
Cash, investments, and restricted cash
$
372.7 $ 372.7 $
| $
241.7 $ 241.7 $
Accrued investment income
1.8
1.8
1.6
1.6
Property and equipment, net
4.7
18.1
(13.4)
4.5
4.5
Premiums receivable
48.1
48.1
55.7
55.7
Reinsurance recoverable
792.4
792.4
658.8
658.8
Ceded unearned premiums
65.7
65.7
329.7
329.7
Goodwill
59.5
59.5
59.5
59.5
Deferred policy acquisition costs, net
59.9
59.9
34.8
34.8
Intangible assets, net
11.8
11.8
10.9
10.9
Other assets
17.4
15.4
2.0
35.5
33.5
2.0
Assets held for disposal
13.4
13.4
12.1
12.1
Total Assets
$ 1,447.4 $ 1,445.4 $
2.0
$ 1,444.8 $ 1,442.8 $
2.0
Unpaid loss & loss adjustment expenses
$
748.4 $ 748.4 $
$
534.7 $
534.7 $
Unearned premiums
301.6
301.6
387.3
387.3
Reinsurance payable
33.9
33.9
140.7
140.7
Payments outstanding
2.3
2.3
17.5
17.5
Accounts payable and accrued expenses
89.6
89.6
93.2
93.2
Operating lease liability
1.4
1.4
1.2
1.2
Other liabilities
30.1
36.2
(6.2)
7.6
11.5
(3.9)
Notes payable, net
148.4
148.4
148.5
Liabilities held for disposal
1.8
1.8
1.8
148.5
1.8
Total Liabilities
$ 1,357.5 $ 1,361.9 $
(4.4) $ 1,332.5 $1,336.3 $
(3.9)
Total Stockholders' Equity
$ 89.8 $ 83.5 $
6.3
$ 112.4 $ 106.5 $
5.9
Total Liabilities and Stockholders' Equity $ 1,447.4 $ 1,445.4 $
2.0
$ 1,444.8 $ 1,442.8 $
2.0
Book value per share
$ 2.08 $ 1.93 $ 0.15
$
2.59 $ 2.45 $
0.14
A
American Coastal
INSURANCE CORPORATION™
8View entire presentation