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Investor Presentaiton

2Q-23 Detailed Results Investment losses and higher catastrophe loss & reinsurance costs were overcome by top line growth. $ in millions Gross Premiums Earned Q2-221 Change Ceded Premiums Earned Net Premiums Earned Investment & Other Income Unrealized G(L) on Equities Total Revenue Q2-23 $ 158.2 % Chg I 1 YTD 6.30.23 Prior YTD Change % Chg $ 129.5 28.7 22.2% $ 302.7 $ 252.2 50.5 20.0% (75.0) (65.0) (10.0) 15.4% T (132.2) (129.9) (2.2) 1.7% 83.2 64.5 18.7 29.0% I 170.5 122.3 48.2 39.4% (4.0) 1.8 (5.8) -322.2% (1.5) 3.2 (4.7) -146.9% 0.1 (2.4) 2.5 -104.2% 0.6 (3.2) 3.8 -118.8% 79.3 63.9 15.4 24.1% 169.6 122.3 47.3 38.7% Underlying Loss & LAE 19.5 19.9 (0.4) -2.0% 36.5 43.9 (7.4) -16.9% Current year CAT Loss & LAE 6.5 (2.1) 8.7 -414.3% 9.2 3.4 5.8 170.6% Prior year development (F)/U (5.2) (3.8) (1.4) 36.8% (8.3) (6.9) (1.5) 21.7% Net Loss & LAE 20.9 14.0 6.9 49.3% 37.3 40.3 (3.0) -7.4% Operating Expense 35.4 35.6 (0.2) -0.6% 73.3 67.7 5.8 8.6% 56.3 49.6 6.7 13.5% 110.7 108.0 2.5 2.3% Total Expenses (excluding interest) Earnings from continuing operations before tax Net income from continuing operations SS $ 21.1 $ $ 20.4 $ 12.2 $ (13.3) $ 8.9 33.7 70.1% 253.4% est es 54.9 S $ 11.2 $ 43.7 50.7 $ (13.6) $ 64.3 390.2% 472.8% Net Loss Ratio 25.1% 21.7% 3.4 pts 21.9% 33.0% -11.1 pts Net Expense Ratio 42.6% 55.2% -12.6 pts 43.0% 55.3% -12.3 pts Combined Ratio 67.7% 76.9% -9.2 pts 64.9% 88.3% -23.4 pts Less: Current year catastrophe loss & LAE 7.9% -3.3% 11.2 pts 5.4% 2.8% 2.6 pts Less: Prior year reserve development (F)/U Underlying Combined Ratio -6.2% -6.0% -0.2 pts -4.9% -5.7% 0.8 pts 66.0% 86.2% -20.2 pts 64.4% 91.2% -26.8 pts 1 2022 amounts recast for discontinued operations. American Coastal A INSURANCE CORPORATION™
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