Statutory Accounting and Regulation (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Statutory Accounting and Regulation

The Company's insurance subsidiary must file with the various insurance regulatory authorities an “Annual Statement” which reports, among other items, statutory net income and surplus as regards policyholders, which is called stockholders' equity under GAAP. The table below details the statutory net income for the three and six months ended June 30, 2025 and 2024 for AmCoastal.


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Net Income	$	18,219	$	17,011	$	36,511	$	41,940

The Company's insurance subsidiary must maintain capital and surplus ratios or balances as determined by the regulatory authority of the state in which it is domiciled. At June 30, 2025, the Company met these requirements. The table below details the amount of surplus as regards policyholders for AmCoastal at June 30, 2025 and December 31, 2024.


	June 30, 2025		December 31, 2024
Surplus as regards policyholders	$	243,788	$	230,001

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

+ References + Details

AMERICAN COASTAL INSURANCE Corp 10-Q