American Coastal Insurance Corporation (ACIC) operates as a specialty property and casualty insurer, primarily serving the commercial residential market in Florida. The company's core business involves underwriting commercial multi-peril property insurance for condominium associations, homeowners associations, and apartment properties. Its policies provide coverage against covered causes of loss such as fire, wind, hail, water, theft, and vandalism. In 2024, commercial policies accounted for over 94% of the company's gross written premium. ACIC distributes its products through a network of independent agencies and an exclusive partnership with AmRisc Group, a leading managing general agent specializing in hurricane-exposed properties. The company's business model relies heavily on disciplined underwriting, careful catastrophe exposure management, and the extensive use of reinsurance to mitigate the financial impact of severe weather events and natural disasters. Following a strategic reorganization and rebranding from United Insurance Holdings Corp. in 2023, ACIC divested its legacy personal-lines operations to focus entirely on its profitable commercial residential niche. The company is also expanding its footprint through its managing general agent, Skyway Underwriters, and the formation of an excess and surplus lines carrier, ACES Specialty Insurance Company.
