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American Coastal Insurance Corp - UIHC STOCK NEWS

Welcome to our dedicated news page for American Coastal Insurance (Ticker: UIHC), a resource for investors and traders seeking the latest updates and insights on American Coastal Insurance.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect American Coastal Insurance's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of American Coastal Insurance's position in the market.

Rhea-AI Summary
American Coastal Insurance Corporation (Nasdaq: UIHC) reported its financial results for Q2 2023. Gross premiums written increased by 17.5% to $243.9 million, while net premiums earned increased by 28.9% to $83.2 million. Total revenues increased by 24.1% to $79.3 million. The company's net income attributable to ACIC was $18.2 million, compared to a net loss of $69.0 million in Q2 2022.
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-1.63%
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Rhea-AI Summary
United Insurance Holdings Corp. changes its corporate name to American Coastal Insurance Corporation and will begin trading on NASDAQ under the ticker symbol ACIC on August 15, 2023. The rebranding reflects the company's expanded emphasis on its commercial residential business. The CEO is confident in the company's long-term outlook and ability to continue profitable operations. The company will release its second quarter 2023 financial results on August 10, 2023.
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3.49%
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29.58%
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32.99%
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24.73%
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American Coastal Insurance Corp

Nasdaq:UIHC

UIHC Rankings

UIHC Stock Data

343.27M
18.84M
55.58%
10.95%
2.58%
Direct Property and Casualty Insurance Carriers
Finance and Insurance
Link
US
St Petersburg

About UIHC

upc insurance is a flourishing and vibrant company that focuses on writing personal property insurance in catastrophe-exposed areas since 1999. upc is one of the fastest growing homeowners companies in the country. headquartered in st. petersburg, florida, we currently operate in several states with plans to rapidly expand. upc insurance maintains an “a”(exceptional) financial stability rating from demotech. at upc we believe that extraordinary associates drive our business. our team of talented and committed employees creates value for our customers and shareholders. we are traded on the nasdaq exchange with the symbol “uihc.” our ultimate vision is to be the premier provider of property insurance in catastrophe-exposed areas.