KINS
Kingstone Companies, Inc.16.36
+0.19+1.18%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details California caution
Q&A fleshed out California entry with a prudent 30% quota share there versus 5% overall, statewide focus on low-moderate wildfire zones, and $5 million home caps matching New York's recent increase. Management targets 29-30% expense ratio long-term through scale benefits. Rumors of new New York entrants prompted confident pushback on Select product's edge and producer ties. Multiple Q1 winter storms hit claims hard, but handling impressed and losses fit 7-10 point cat guidance. Answers largely reaffirmed prepared remarks. Competition stirs. Watch cats and California ramp.
Key Stats
Market Cap
231.45MP/E (TTM)
7.27Basic EPS (TTM)
2.25Dividend Yield
0%Recent Filings
10-K
FY2025 results
Kingstone Companies crushed FY2025 with gross written premiums hitting $277.8M, up 14.8% y/y, fueled by personal lines growth from market shifts like competitor exits in New York. Net premiums earned soared 45.6% to $187.1M thanks to a quota share cut from 27% to 16%, driving net combined ratio to a stellar 75.0%—5 points better than 2024—on lower catastrophe impact (1.2 points) and underlying loss ratio improvement to 44.4%. Q4 momentum accelerated via the Withdrawal Plan adding downstate NY footprint late-year, while debt cleared and $0.05/share dividends resumed. Cash swelled to $321.9M invested assets. Catastrophe exposure looms large.
8-K
Record 2025 profits, strong guidance
Kingstone crushed Q4 and full-year 2025 with record net income of $40.8M, up 122% YoY, on 45.6% net premiums earned growth to $187M and a stellar 75.0% net combined ratio. Book value per share soared 75% to $8.28. Direct premiums written hit $278M, up 14.8%. Guidance calls for 16-20% DPW growth in 2026, underlying combined ratio of 74-76%, yet catastrophe risks loom large.
8-K
Record Q4 profits, premiums up 14%
Kingstone Companies crushed Q4 and full-year 2025 with record results: Q4 direct premiums written hit $83M, up 14% year-over-year, while GAAP net combined ratio sharpened to 64%-66% from 79%. Operating net income per diluted share soared to $1.03-$1.08, driving ROE to 49%-51%. Select product now 57% of policies. Results preliminary; full details March 6.
8-K
Kingstone declares $0.05 dividend
10-Q
Q3 FY2025 results
Kingstone Companies crushed Q3 FY2025 ended September 30, 2025, with net premiums earned up 43.5% y/y to $47.9M and 48.8% y/y for YTD $137.7M, fueled by a 13.8% y/y direct written premium jump to $75.8M from market dynamics and a quota share cut to 16%. Net income soared 55.8% y/y to $10.9M ($0.74 diluted EPS), with net loss ratio at 44.3% (derived) but combined ratio steady at 72.7% thanks to underwriting discipline. Operating cash flow hit $53.1M YTD; debt slashed to $4.8M equipment financing while cash sits at $26.8M. Captured competitor runoffs smartly. Yet catastrophe exposure looms large.
IPO
Employees
Sector
Industry
ACIC
American Coastal Insurance Corp
12.81-0.01
DGICA
Donegal Group, Inc.
20.63+0.08
FIGP
FORGE GROUP INC
16.50+0.00
HCI
HCI Group, Inc.
184.25-2.67
HIPO
Hippo Holdings Inc.
30.48-0.61
KNSL
Kinsale Capital Group, Inc.
385.16-7.01
SAFT
Safety Insurance Group, Inc.
78.75+0.58
THG
Hanover Insurance Group Inc
183.76-2.46
TRV
The Travelers Companies, Inc.
289.61-0.98
UFCS
United Fire Group, Inc
36.60-0.31