AMERICAN COASTAL INSURANCE Corp
For the period ended Dec 31, 2024. Filed Mar 10, 2025.
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FY2024 · Filed Mar 10, 2025
ACIC$10.26+2.5%Stored close · as of Nov 10, 2026
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Item 15. Exhibits and Financial Statement Schedules
The following documents are filed as part of this Form 10-K:
(1) Consolidated Financial Statements. In Part II, Item 8, we have included our consolidated financial statements, the notes thereto and the report of the Independent Registered Public Accounting Firm.
(2) Exhibits. We hereby file as part of this Form 10-K the exhibits listed in the following index.
EXHIBIT INDEX
| Exhibit | Description |
| 2.1 | Agreement and Plan of Merger, dated as of August 17, 2016, by and among United Insurance Holdings Corp., Kilimanjaro Corp., Kili LLC, RDX Holding, LLC, certain equityholders of RDX Holding, LLC party thereto and AmCo Holding Company (included as Exhibit 2.1 to the Form 8-K filed on August 19, 2016, and incorporated herein by reference). |
| 3.1 | Bylaws (included as exhibit 3.3 to the Form S-1 (Registration No. 333-143466), filed June 4, 2007, and incorporated herein by reference). |
| 3.2 | Second Amended and Restated Certificate of Incorporation (included as exhibit 3.1 to the Form 10-Q, filed November 14, 2008, and incorporated herein by reference). |
| 3.3 | Second Amended and Restated Certificate of Incorporation (as amended to include the Certificate of Designations, Powers, Preferences and Rights of Series A Junior Participating Preferred Stock of United Insurance Holdings Corp.) (included as Exhibit 3.1 to the Form 10-Q filed on August 8, 2012, and incorporated herein by reference). |
| 3.4 | Certificate of Elimination of Series A Junior Participating Preferred Stock, dated as of January 10, 2018 (included as Exhibit 3.1 to the Form 8-K filed January 12, 2018, and incorporated herein by reference). |
| 3.5 | Amended and Restated Bylaws (included as Exhibit 3.1 to the Form 8-K filed on April 23, 2020, and incorporated herein by reference). |
| 3.6 | Certificate of Amendment to United Insurance Holdings Corp.’s Second Amended and Restated Articles of Incorporation (included as Exhibit 3.1 to Form 8-K filed on July 2, 2021, and incorporated herein by reference). |
| 3.7 | Second Certificate of Amendment to American Coastal Insurance Corporation’s Certificate of Incorporation (included as Exhibit 3.1 to Form 8-K filed on July 14, 2023, and incorporated herein by reference.) |
| 3.8 | First Amendment to American Coastal Insurance Corporation’s Amended and Restated Bylaws (included as Exhibit 3.1 to Form 8-K filed on July 14, 2023, and incorporated herein by reference.) |
| 4.1 | Specimen Common Stock Certificate (included as Exhibit 4.2 to Amendment No. 1 to Post-Effective Amendment No. 1 on Form S-3 (Registration No. 333-150327), filed on December 23, 2008, and incorporated herein by reference). |
| 4.2 | Registration Rights Agreement, dated October 4, 2007, by and among FMG Acquisition Corp. and the investors named therein (included as Exhibit 10.4 to the Form 8-K, filed on October 12, 2007, and incorporated herein by reference). |
| 4.3 | Indenture, dated as of December 13, 2017, by and between the Company and Deutsche Bank Trust Company Americas, as trustee (included at Exhibit 4.1 to the Form 8-K, filed on December 13, 2017, and incorporated herein by reference). |
| 4.4 | First Supplemental Indenture, dated as of December 13, 2017, by and between the Company and Deutsche Bank Trust Company Americas, as trustee (including form of Note) (included as Exhibit 4.2 to the Form 8-K filed on December 13, 2017, and incorporated herein by reference). |
| 4.5 | Description of the Registrant’s Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934. |
| 10.1 | Investment Management Agreement between United Property & Casualty Insurance Company and Synovus Trust Company, dated October 8, 2003 (included as Exhibit 10.18 to the Form S-4/A (Registration No. 333-150327), filed on June 13, 2008, and incorporated herein by reference). |
| 10.3 | Master Business Process Outsourcing Services Agreement between United Insurance Management, LLC and Computer Sciences Corporation, dated March 11, 2008 (included as Exhibit 10.24 to the Form S-4/A (Registration No. 333-150327), filed on June 13, 2008, and incorporated herein by reference). |
| 10.5 | Federal Income Tax Allocation Agreement between United Insurance Holdings Corp., United Insurance Management, L.C., Skyway Claims Services, LLC, United Property & Casualty Insurance Company, UPC Re and amended to include Family Security Holdings, LLC and its subsidiaries dated July 1, 2012 (included as Exhibit 10.11 to the Form 10-Q filed on August 8, 2012, and incorporated herein by reference). |
| 10.6 | Form of Restricted Stock Award under the United Insurance Holdings Corp. 2013 Omnibus Incentive Plan (included as Exhibit 10.1 to the Form 8-K, filed on September 30, 2013, and incorporated herein by reference). |
| 10.7 | United Insurance Holdings Corp. 2013 Omnibus Incentive Plan (included as Appendix A to the Company’s Definitive Proxy Statement for its 2013 Annual Meeting, filed on April 16, 2013, and incorporated herein by reference). |
| Exhibit | Description |
|---|
| 10.8 | Form of Restricted Stock Award Agreement (for Non-Employee Members of the Board of Directors) under the United Insurance Holdings Corp. 2013 Omnibus Incentive Plan (included as Exhibit 10.1 to the Form 8-K filed on September 25, 2014, and incorporated herein by reference). |
| 10.9 | Form of Restricted Stock Award (for Employees) under the United Insurance Holdings Corp. 2013 Omnibus Incentive Plan (included as Exhibit 10.2 to the Form 8-K filed on September 25, 2014, and incorporated herein by reference). |
| 10.10 | Form of Restricted Stock Award Agreement (for Chairman of the Board) under the United Insurance Holdings Corp. 2013 Omnibus Incentive Plan (included as Exhibit 10.3 to the Form 8-K filed on September 25, 2014, and incorporated herein by reference). |
| 10.11 | Form of Stock Option Award under the United Insurance Holdings Corp. 2013 Omnibus Incentive Plan (included as Exhibit 10.1 to the Form 10-Q, filed on November 7, 2018, and incorporated herein by reference). |
| 10.12 | Form of Restricted Stock Unit Award under the United Insurance Holdings Corp. 2013 Omnibus Incentive Plan (included as Exhibit 10.2 to the Form 10-Q, filed on November 7, 2018, and incorporated herein by reference). |
| 10.13 | Form of Performance Stock Unit Award under the United Insurance Holdings Corp. 2013 Omnibus Incentive Plan (included as Exhibit 10.3 to the Form 10-Q, filed on November 7, 2018, and incorporated herein by reference). |
| 10.14 | Stockholders Agreement, dated as of August 17, 2016, by and among United Insurance Holdings Corp., RDX Holding, LLC., R. Daniel Peed and Peed FLP1, Ltd., L.L.P (included as Exhibit 10.1 to the Form 8-K filed on August 19, 2016, and incorporated herein by reference). |
| 10.15 | American Coastal Insurance Corp. 2020 Amended and Restated Omnibus Incentive Plan (included as Appendix A to the Company’s Definitive Proxy Statement for its 2024 Annual Meeting, filed on April 2, 2024, and incorporated herein by reference). |
| 10.16 | Form of Indemnification Agreement, dated as of September 1, 2020, by and between United Insurance Holdings Corp. and the members of the Board of Directors. (included as Exhibit 10.2 to the Form 10-Q filed on November 6, 2020, and incorporated herein by reference. |
| 10.17 | Second Amended and Restated Employment Agreement, dated as of October 1, 2020, by and between the Company and Christopher Griffith |
| 10.18 | Second Amended and Restated Employment Agreement, dated as of October 23, 2020, by and between UnitedInsurance Holdings Corp. and Bennett Bradford Martz (included as Exhibit 10.1 to the Form 8-K filed on October 28, 2020, and incorporated herein by reference). |
| 10.19 | Employment Agreement, dated January 1, 2021, between the Company and Antonio Gonzalez |
| 10.20 | Employment Agreement, dated April 5, 2021, between the Company and Brooke Adler |
| 10.21 | Stock Re-purchase Agreement, dated as of June 30, 2022, by and among Journey Insurance Company and RJ Kiln & Co. (No. 3) Limited. (included as Exhibit 10.1 to the Form 8-K filed on July 7, 2022, and incorporated herein by reference.) |
| 10.22 | Termination Agreement, dated as of June 30, 2022, by and among United Insurance Holdings Corp., Journey Insurance Company and RJ Kiln & Co. (No. 3) Limited. (included as Exhibit 10.2 to the Form 8-K filed on July 7, 2022, and incorporated herein by reference.) |
| 10.23 | Asset Purchase and Services Agreement, dated as of February 1, 2023, by and among United Insurance Management, L.C. and Slide Insurance Company. (included as Exhibit 10.2 to the Form 8-K filed on February 6, 2023, and incorporated herein by reference.) |
| 10.24 | Equity Distribution Agreement, dated as of September 27, 2023, between the Company and Raymond James & Associates, Inc. (included as Exhibit 1.1 to the Form 8-K filed on September 27, 2023, and incorporated herein by reference.) |
| 10.25 | Employment Agreement, dated January 1, 2024, between American Coastal Insurance Corporation and James Gray |
| 10.26 | Employment Agreement, dated January 17, 2024, between American Coastal Insurance Corporation and Svetlana Castle (included as Exhibit 10.1 to the Form 8-K filed on January 18, 2023, and incorporated herein by reference.) |
| 10.27 | Stock Purchase Agreement, dated as of May 9, 2024, between the Company and Forza Insurance Holdings, LLC (included as Exhibit 1.1 to the Form 8-K filed on May 14, 2024, and incorporated herein by reference). |
| Exhibit | Description |
| 10.28 | Program Administrator Agreement, dated as of May 9, 2024, between the Company and SageSure Insurance Managers, LLC (included as Exhibit 1.2 to the Form 8-K filed on May 14, 2024, and incorporated herein by reference). |
| 10.29 | Claims Services Agreement, dated as of May 9, 2024, between the Company and SageSure Capital Holdings, Inc. (included as Exhibit 1.3 to the Form 8-K filed on May 14, 2024, and incorporated herein by reference). |
| 14.1 | American Coastal Insurance Corporation Code of Conduct and Ethics, dated as of November 9, 2020 |
| 19.1 | American Coastal Insurance Corporation Insider Trading Policy, dated as of July 31, 2024 |
| 21.1 | Subsidiaries of American Coastal Insurance Corporation |
| 23.1 | Consent of Deloitte & Touche LLP. |
| 31.1 | Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act. |
| 31.2 | Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act. |
| 32.1 | Certification of Principal Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act. |
| 32.2 | Certification of Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act. |
| 97 | Compensation Clawback and Recoupment Policy, dated as of March 21, 2019. (included as Exhibit 97 to the Form 10-K filed on March 15, 2024, and incorporated herein by reference). |
| 101.INS | XBRL Instance Document |
| 101.SCH | XBRL Taxonomy Extension Schema |
| 101.CAL | XBRL Taxonomy Extension Calculation Linkbase |
| 101.DEF | XBRL Taxonomy Extension Definition Linkbase |
| 101.LAB | XBRL Taxonomy Extension Label Linkbase |
| 101.PRE | XBRL Taxonomy Extension Presentation Linkbase |
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