Earnings per Share

9 Months Ended

Sep. 30, 2025

EARNINGS PER SHARE (EPS)

Basic EPS is based on the weighted average number of common shares outstanding for the period, excluding any dilutive common share equivalents. Diluted EPS reflects the potential dilution resulting from the vesting of outstanding restricted stock awards, restricted stock units, performance stock units and stock options. The following table shows the computation of basic and diluted EPS for the three and nine months ended September 30, 2025 and 2024, respectively:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Numerator:
Net income attributable to ACIC common stockholders	$	32,483	$	28,119	$	80,273	$	70,772

Denominator:
Weighted-average shares outstanding		48,664,597		48,066,358		48,413,364		47,742,744
Effect of dilutive securities		1,253,132		1,454,888		1,300,171		1,512,327
Weighted-average diluted shares		49,917,729		49,521,246		49,713,535		49,255,071

Earnings available to ACIC common stockholders per share
Basic	$	0.67	$	0.59	$	1.66	$	1.49
Diluted	$	0.65	$	0.57	$	1.61	$	1.44

See Note 17 of these Notes to Unaudited Condensed Consolidated Financial Statements for additional information on the stock grants related to dilutive securities.