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Kingstone Cos. Inc - KINS STOCK NEWS

Welcome to our dedicated news page for Kingstone Cos. (Ticker: KINS), a resource for investors and traders seeking the latest updates and insights on Kingstone Cos..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Kingstone Cos.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Kingstone Cos.'s position in the market.

News
Kingstone Announces Contract Extension for Chief Executive Officer Meryl Golden
Rhea-AI Summary
Kingstone Companies, Inc. (NASDAQ:KINS) extends Chief Executive Officer Meryl Golden's employment agreement for two more years, showcasing confidence in her leadership. Ms. Golden's strategic initiatives and vision have been instrumental in the company's growth and transformation.
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Kingstone Announces Addition of Manmohan Singh to its Board of Directors
Rhea-AI Summary
Kingstone Companies, Inc. appoints Manmohan Singh to its Board of Directors, bringing valuable experience in insurance and financial operations. The company aims to leverage Singh's expertise for long-term profitability and shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.68%
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management
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Kingstone Announces Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
Kingstone Companies, Inc. (KINS) returns to profitability with a combined ratio of 89.5% in 4Q23, showing significant improvement. The company achieved a net income of $2,946 and earnings per share of $0.26, compared to a loss in the previous year. Key financial metrics such as direct premiums written, net premiums earned, and policies-in-force have shown fluctuations. The company's Core Business in New York performed well, while the Non-Core Business outside of New York saw a decline. Kingstone provided guidance for FY2024, expecting growth in direct premiums written, a lower combined ratio, and improved earnings per share. The CEO expressed confidence in sustaining positive momentum and delivering value to stakeholders.
Rhea-AI Impact
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End-of-Day
14.4%
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earnings
News
Kingstone Insurance Company Announces Innovative Partnership with Zojacks to Mitigate Water Damage Risks
Rhea-AI Summary
Kingstone Insurance Company, a subsidiary of Kingstone Companies, Inc., partners with Zojacks to offer innovative water leak detection solutions to policyholders. The partnership aims to enhance home protection and reduce water-related risks, providing peace of mind to customers. Through this collaboration, Kingstone policyholders can access cost-saving packages and insurance discounts with Zojacks technology installation.
Rhea-AI Impact
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End-of-Day
-1.54%
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Kingstone Announces Certain Preliminary Fourth Quarter 2023 Results and Schedules Conference Call
Rhea-AI Summary
Kingstone Companies, Inc. (NASDAQ:KINS) expects a return to profitability in Q4 2023 with a significant reduction in non-core policies-in-force and no prior-year loss reserve development. The company achieved a 48% reduction in non-core policies-in-force, with a consolidated fourth-quarter GAAP combined ratio of 90% to 92%. Net premiums earned decreased to $28.7 million, with a 44% decline in non-core business premiums. The core business net loss ratio improved by 17 to 15 percentage points, while the non-core business net loss ratio improved by 45 to 43 percentage points. There was no favorable or unfavorable prior-year loss reserve development for the quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.39%
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earnings
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Kingstone Announces Estimated Fourth Quarter 2023 Catastrophe Losses
Rhea-AI Summary
Kingstone Companies, Inc. (Nasdaq:KINS) reported a significant decrease in net pre-tax catastrophe losses for the fourth quarter of 2023, estimating $0.98 million compared to $3.66 million in the prior year period. This announcement reflects a positive financial trend for the company, demonstrating improved risk management and potential cost savings.
Rhea-AI Impact
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End-of-Day
3.06%
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earnings
News
Kingstone CEO Letter to Shareholders
Rhea-AI Summary
Kingstone Companies, Inc. (Nasdaq:KINS) issued an open letter to stockholders regarding actions taken to enhance value. The CEO expressed gratitude to shareholders for their support and provided updates on the company's performance and future plans.
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Kingstone Completes Quota Share Placement
Rhea-AI Summary
Kingstone Companies, Inc. (Nasdaq:KINS) announced its fully placed quota share reinsurance program for 2024. The company will cede 27% of its personal lines' insurance written, down from 30% in 2023, and will receive a higher ceding commission rate. Kingstone CEO Meryl Golden expressed delight in finalizing the reinsurance treaties and highlighted the company's ability to secure reinsurance capacity from high-quality partners. CFO Jennifer Gravelle emphasized the improved terms as a sign of confidence from reinsurer partners in the execution of the company's strategy and business transformation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.64%
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Kingstone Announces 2023 Third Quarter Financial Results
Rhea-AI Summary
Kingstone Companies, Inc. (NASDAQ:KINS) announced its financial results for the quarter ended September 30, 2023. The company reported an increase in direct written premiums and net premiums earned for the New York business segment. However, non-core results showed a decline in direct written premiums and net premiums earned. The company's CEO emphasized the progress made on their 2023 strategy, particularly in aggressively reducing non-core business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.95%
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earnings
News
Kingstone Announces Estimated Third Quarter 2023 Catastrophe
Rhea-AI Summary
Kingstone Companies, Inc. (NASDAQ: KINS), a property and casualty insurance holding company, reported estimated net pre-tax catastrophe losses of $2.16 million ($1.71 million after-tax) for Q3 2023. The losses were attributed to six events.
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Stock KINS logo
Kingstone Cos. Inc

Nasdaq:KINS

KINS Rankings

#4782 Ranked by Market Cap
#2637 Ranked by Stock Gains
N/A Ranked by Dividends

KINS Stock Data

46.23M
8.76M
25.98%
15.33%
0.07%
Direct Property and Casualty Insurance Carriers
Finance and Insurance
Link
United States
Kingston

About KINS

kingstone companies, inc. is the parent of kingstone insurance company, inc. (“kico”). founded in 1886, with its headquarters in kingston, new york, kico is a leading regional provider of insurance products for small and mid-sized businesses as well as for individuals. kico distributes its products exclusively through a network of select independent producers. kico was ranked #1 of the 81 insurers rated by the professional insurance agents association in its 2010 company performance survey. in addition, kingstone is the parent of payments, inc. a nys licensed insurance premium finance company kingstone companies, inc. trades under the symbol "kins"​ on the nasdaq stock exchange.