Investor Presentaiton
2Q-23 Segment Results
Corrections made to discontinued operations impacted PL servicing revenue & expense QTD & YTD.
Three Months Ended Jun 30, 2023
Six Months Ended Jun 30, 2023
$ in millions
CL
PL
Other
Total
CL
PL
Other
Gross Premiums Earned
Ceded Premiums Earned
Net Premiums Earned
$ 145.8 $ 12.4 $
(71.8)
(3.2)
$ 158.2
(75.0)
$ 277.8 $ 24.8 $
(125.2)
(7.0)
Total
$ 302.7
(132.2)
74.0
9.2
83.2
152.6
17.8
170.5
Investment & other revenue
(4.9)
0.9
(4.0)
(3.1)
1.6
(1.5)
Unrealized G(L) on Equities
0.1
0.0
0.1
0.6
0.0
0.6
Total Revenue
69.3
10.0
79.3
150.1
19.4
169.6
Underlying Loss & LAE
15.3
4.2
19.5
29.9
6.5
36.5
Current year CAT Loss & LAE
6.2
0.3
6.5
8.3
0.9
9.2
Prior year development
(5.3)
0.2
(5.2)
(8.1)
(0.2)
(8.3)
Total Loss
16.2
4.7
20.9
30.1
7.2
37.3
Operating & Interest Expense
27.7
7.4
3.0
38.1
55.8
17.1
6.0
78.8
Total Expenses
43.9
12.1
3.0
59.0
85.8
24.3
6.0
116.1
Other income (loss)
0.8
0.8
1.6
(0.2)
1.4
Income (Loss) before tax
$ 25.4 $ (1.3) $ (3.0)
21.1 I | $
64.3 $ (3.2) $ (6.2)
54.9
CL
Commercial lines
PL - Personal lines
American Coastal
INSURANCE CORPORATION™
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