Welcome to our dedicated page for Kingstone news (Ticker: KINS), a resource for investors and traders seeking the latest updates and insights on Kingstone stock.
Kingstone Companies, Inc. reports developments in property and casualty insurance, with recurring updates on premium growth, underwriting results, catastrophe losses, reinsurance, investment income and operating guidance. The company’s news frequently centers on its New York homeowners business, the Select product, claims performance, expense management and the effect of severe weather on combined ratios.
Other recurring items include quarterly dividends, earnings calls, shareholder communications, governance and executive compensation matters, and strategic updates tied to geographic diversification and underwriting analytics.
Kingstone Companies (NASDAQ:KINS) announced estimated net pre-tax catastrophe losses for Q3 2021 ranging from $9.6 million to $12.6 million, attributed to five events, including three named storms. The after-tax losses are projected between $7.6 million and $10.0 million. The company will host a conference call on November 12, 2021, at 8:30 a.m. ET, to discuss its financial results. Kingstone operates as a property and casualty insurance holding company primarily in the Northeast.
Kingstone Companies (Nasdaq: KINS) has announced the election of Meryl Golden as the new President of Kingstone Insurance Company (KICO). Ms. Golden, previously serving as COO for two years, will oversee all operations, product management, and regulatory affairs at KICO. CEO Barry Goldstein praised her leadership and the positive impact she has made. Kingstone operates primarily in personal lines insurance across several Northeastern states, including New York and New Jersey.
Kingstone Companies (NASDAQ:KINS) reported its financial results for Q2 2021, showcasing earnings per share of $0.12, down from $0.43 a year earlier. The operating loss per share was ($0.05), contrasting with prior income of $0.23. Despite a 4.6% growth in direct written premiums, net premiums earned surged 33% to $35.4 million. The net combined ratio rose to 100.4% from 86.9%, driven by a higher net loss ratio at 58.6%. The company's book value per share improved to $8.52, with a return of $1.4 million to shareholders through repurchases and dividends.
Kingstone Companies (Nasdaq: KINS) announced estimated net pre-tax catastrophe losses for Q2 2021 of less than $100,000 from a single event. These estimates are based on initial reviews and may change. Additionally, the Board declared a common stock dividend of $0.04 per share, payable on September 15, 2021, to shareholders of record as of August 31, 2021. Kingstone primarily operates in personal lines insurance across several Northeastern states, providing stability and a return to its shareholders amid recent events.
Kingstone Companies (Nasdaq:KINS) announced the finalization of its reinsurance program for July 1, 2021, to June 30, 2022. The company secured $490.0 million in total catastrophe limit, an increase of $15.0 million from the previous year. The program includes a risk-adjusted cost decrease compared to last year. Over 50 reinsurers participated, with 10 new partners joining. CEO Barry Goldstein and COO Meryl Golden emphasized the effectiveness of recent underwriting changes aimed at managing catastrophe exposure.
Kingstone Companies (NASDAQ:KINS) has announced its 2021 Second Quarter financial results conference call set for August 13, 2021, at 8:30 a.m. Eastern Time. The earnings announcement will be released shortly after market close on August 12, 2021. Investors can join the call by phone or via a webcast, which will also be archived for 30 days. Kingstone specializes in property and casualty insurance in the Northeast, primarily focusing on personal lines in several states including New York and New Jersey.
Kingstone Companies, Inc. (NASDAQ:KINS) reported its Q1 2021 financial results, showing a loss per share of ($0.03), an improvement from ($0.50) in the prior year. Total net premiums earned rose 28.4% to $34.6 million, driven by a 45% increase in personal lines due to exiting a quota share treaty. However, the net combined ratio increased to 107.2%, driven by a rise in the net loss ratio. Net investment income grew by 7% to $1.8 million, bolstered by realized gains of $1.1 million. The company plans for 5-7% premium growth in 2021 and projects a combined ratio of 88%-92% for the year.
Kingstone Insurance Company (NASDAQ:KINS) has expanded its operations by launching personal property insurance policies in New York, utilizing WaterStreet's cloud-based policy administration platform. This strategic move follows successful implementations in Connecticut, Massachusetts, New Jersey, and Rhode Island. The initiative is part of Kingstone's Kingstone 2.0 modernization project aimed at consolidating multiple systems into a single management platform, enhancing customer experience and operational efficiency. WaterStreet's proven capabilities make it a fitting partner for Kingstone's growth.
Kingstone Companies (NASDAQ: KINS) announced an estimated net pre-tax catastrophe loss of $0.23 million for Q1 2021, translating to $0.18 million after tax, primarily due to three events. The company's Board of Directors declared a quarterly dividend of $0.04 per share, payable on June 15, 2021, to shareholders of record by May 28, 2021. Kingstone operates primarily in the Northeast, focusing on property and casualty insurance, with significant presence in New York, New Jersey, Rhode Island, Massachusetts, and Connecticut.
Kingstone Companies (NASDAQ: KINS) announced its 2021 Q1 financial results conference call set for May 14, 2021 at 8:30 a.m. ET. The earnings report will be released after market close on May 13, 2021. Domestic callers can access the call at 877-407-3105, while international callers should dial 201-493-6794. The conference will also be available via a live webcast, accessible here. Kingstone specializes in property and casualty insurance focused on personal lines in the Northeast.