American Coastal Insurance (ACIC) investor relations material

Business Overview and Strategy

• Maintains #1 market share in Florida commercial residential insurance, focusing on low-rise, garden-style apartments and condos, and has been profitable every year since 2007, even through severe events.

• Operates as a niche, specialized underwriter with disciplined underwriting and high returns, supported by a leadership team with deep expertise.

• Holds approximately 50% insider ownership, aligning management and shareholder interests.

• Growth strategy includes expanding into specialty E&S markets nationwide, leveraging AmRisc and the upcoming ACES platform, with licensing expected by late 2026 and business writing to begin in Q2 2027.

• Maintains a risk-averse stance on catastrophe losses, structuring programs to protect surplus and treat catastrophes as earnings events.

Financial Performance and Key Metrics

• Book value per share grew from $2.45 (Q2-23) to $7.21 (Q2-26), a 43% CAGR.

• 2025 core EPS was $2.08, revenue $335 million (net of reinsurance), and combined ratio 60.1; core ROE for 2025 was 35.2%, and YTD Q2 2026 core ROE was 21.7%.

• First half of 2026 saw gross premiums earned at $280 million, total revenue at $154 million, and net income at $41 million.

• Annualized return on equity for 2026 is 25%, exceeding the 20% target.

• Kroll upgraded ratings in Q2 2026: AmCoastal to A, ACIC issuer to BBB.

Underwriting, Reinsurance, and Risk Management

• Focuses on disciplined underwriting, targeting properties under $35 million insured value and up to $100 million, with judgment-based pricing for over 75% of the portfolio.

• Maintains exclusive relationships with AmRisc for condo business and has expanded its reinsurance panel, adding over 10 new reinsurers in the past two years.

• For 2026-2027, has $1.7 billion in windstorm limit with $23.5 million retention, and multi-year reinsurance placements totaling $760 million.

• All other perils reinsurance covers non-named windstorm events with $10 million retention.

• Excess per risk program provides per-building and per-policy coverage, with increased layers and expanded reinsurer panel.