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Jun 30, 2022
American Coastal Insurance Q2 2022 Earnings Report
Reported financial results for the second quarter, transitioning towards a specialty commercial lines writer.
Key Takeaways
United Insurance Holdings Corp. reported a net loss attributable to the company of $69.0 million for the second quarter of 2022, which included recognition of a valuation allowance against our deferred tax asset of $43.7 million. Commercial lines direct written premium exceeded personal lines direct written premium for the first time. The commercial lines combined ratio was 61.5% with an $18.8 million pre-tax profit.
Commercial lines direct written premium exceeded personal lines direct written premium for the first time.
Commercial lines combined ratio was 61.5% with an $18.8 million pre-tax profit.
Net loss attributable to the Company was $69.0 million, which included recognition of a valuation allowance against our deferred tax asset of $43.7 million.
Total gross written premium decreased by 15.5% to $360.1 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Statements made in this press release, or on the conference call identified above, and otherwise, that are not historical facts are “forward-looking statements”.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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