Acmat Corp. · OTC:ACMT
Acmat — Shareholder Meeting (June 2024)
13 slides from Acmat's shareholder meeting presentation, Jun 20, 2024
Slide 1: Annual Shareholders' Meeting
ACMAT Corporation Annual Shareholders’ Meeting June 20, 2024 2024 – ACMAT Corporation
Slide 2: Financial Position – December 31
Financial Position – December 31 2024 – ACMAT Corporation 1
Slide 3: Operating Income – December 31
Operating Income – December 31 Year Ended December 31, 2023 2022 Revenues Premiums $ 908,520 $ 818,413 Net investment income 1,772,175 1,773,897 Realized capital (losses) gains (1,670,591) 193,907 Unrealized capital gains (losses) on equity securities 1,064,547 (2,408,658) Fee income 73,360 88,253 T
Slide 4: Financial Position – March 31
Financial Position – March 31 2024 – ACMAT Corporation 3
Slide 5: Operating Income – March 31
Operating Income – March 31 Three Months Ended March 31, 2024 2023 Revenues Premiums $ 301,299 $ 142,933 Net investment income 468,764 400,046 Realized capital gains 1,348 77,007 Unrealized capital gains (losses) 137,713 (342,950) Fee income 31,491 11,749 Total revenues 940,615 288,785 Expenses Net
Slide 6: Realized Capital Gain (Loss) - Historical
Realized Capital Gain (Loss) - Historical $3,000,000 $2,000,000 $1,261,839 $1,174,081 $1,075,896 $995,071 $1,000,000 $939,631 $866,793 $694,947 $682,946 $677,329 $421,443 $195,325 $193,907 $1,348 $0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Q1 2024 ($227,833) ($
Slide 7: Investment Income
Investment Income $3,000,000 $2,479,461 $2,500,000 $2,301,505 $2,211,885 $2,125,989 $1,966,733 $2,000,000 $1,916,818 $1,856,054 $1,766,583 $1,772,175 $1,720,777 $1,471,469 $1,500,000 $1,000,000 $500,000 $- 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Est. 2024 – ACMAT Corporation 6
Slide 8: Paid Losses to Written Premium
$0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 ($4,000,000) ($3,000,000) ($2,000,000) ($1,000,000) $3,405,052 2010 $1,882,328 $3,053,108 2011 $1,962,822 $2,398,041 2012 $1,442,887 $2,396,718 2013 $250,106 $2,124,614 2014 $352,400 $2,020,562 2015 $20,000 $1,310,100 Paid Losses to Written Premium 2016
Slide 9: Loss and LAE by Line of Business
Loss and LAE by Line of Business 2023 2022 2021 2020 2019 2018 2017 2016 Reserve accrual actions by line of business: Surety Current accident year loss and LAE accrual 408,834 369,982 350,521 399,333 838,904 457,421 438,088 675,142 Prior accident year reserve strengthening (release) (393,150) (650,0
Slide 10: Loss and LAE Reserves – December 31, 2023
Loss and LAE Reserves – December 31, 2023 Case Reserves $42,500 0.50% IBNR Reserves $8,905,203 99.5% Reserves are net of reinsurance 2024 – ACMAT Corporation 9
Slide 11: Direct Written Surety Premium
Direct Written Surety Premium $3,000,000 $2,396,718 $2,500,000 $2,124,614 $2,020,562 $2,000,000 $1,500,000 $1,310,100 $1,350,000 $1,233,499 $1,121,603 $934,317 $991,180 $964,897 $1,000,000 $856,048 $829,622 $500,000 $0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Est. 2024 – ACMAT Cor
Slide 12: Written Premium and Fees
Written Premium and Fees Year-to-Date through May 31st $800,000 $725,509 $700,000 $600,000 $500,000 $425,642 $400,000 $300,000 $200,000 $100,000 $0 May 2024 May 2023 2024 – ACMAT Corporation 11
Slide 13: Forward-Looking Statements and use of Non-GAAP Measures
Forward-Looking Statements and use of Non-GAAP Measures ACMAT Corporation, 2024 This presentation includes financial results with respect to adjusted operating income, and adjusted earnings per share, which are non-GAAP financial measures. Non-GAAP financial measures should be viewed as supplementin