American Coastal Insurance (ACIC) Proxy Filing summary

Executive summary

• Annual meeting scheduled for May 19, 2025, to be held virtually, allowing shareholders to participate, vote, and ask questions online.

• Key agenda items include director elections, auditor ratification, executive compensation approval, and advisory vote on compensation frequency.

• 2024 saw a $32.3 million increase in net revenues from continuing operations, with a focus on specialty commercial lines underwriting and the completed exit from personal lines.

• The company closed the sale of Interboro Insurance Company in April 2025, finalizing its portfolio realignment.

Voting matters and shareholder proposals

• Four Class A directors nominated for election to serve until 2027.

• Ratification of Deloitte & Touche LLP as independent auditor for fiscal 2025.

• Advisory vote on executive compensation and on the frequency of future advisory votes, with the board recommending a three-year cycle.

• Shareholders of record as of March 20, 2025, are eligible to vote.

• No other known matters are expected, but proxies may vote on any new business that arises.

Board of directors and corporate governance

• Board consists of nine directors split into two classes, with Class A up for election in 2025 and Class B in 2026.

• Board leadership includes an Executive Chairman and a Lead Director, with a focus on independent oversight.

• All board committees (Audit, Compensation, Nominating, Investment) are composed of independent directors.

• Board and committees met regularly in 2024, with full attendance by all directors.

• Stock ownership guidelines and anti-hedging policies are in place for directors and executives.