Kingstone Stock Price, News & Analysis

Kingstone Companies (NASDAQ:KINS) has successfully finalized its catastrophe reinsurance program for July 2025-June 2026. The company increased its catastrophe reinsurance limit by 57% ($160 million) to $440 million, including $125 million in multi-year protection through their first catastrophe bond, 1886 Re Ltd. Despite the significant coverage increase, the overall cost rose by only 10%. The catastrophe program cost represents 12% of projected direct premiums earned, down from 13% in the previous period. The favorable terms will positively impact projected diluted EPS by $0.11 for July-December 2025, with similar benefits expected for the remainder of the treaty. The program received support from over 25 reinsurance partners.

Kingstone Companies (NASDAQ:KINS) has successfully issued its first catastrophe bond worth $125 million through its subsidiary, Kingstone Insurance Company. The Series 2025-1 notes were issued via Bermuda-registered 1886 Re Ltd., priced at 4.5%, providing collateralized reinsurance protection. The notes offer multi-year protection against named storm events across five Northeast states (NY, NJ, CT, MA, RI) from July 1, 2025, through June 30, 2029. This strategic move enhances Kingstone's access to diversified capital while securing additional multi-year reinsurance capacity and managing protection costs. The catastrophe bond was structured and placed by Aon Securities LLC.

Kingstone Companies (NASDAQ:KINS) reported strong Q1 2025 financial results, marking its sixth consecutive profitable quarter. The company achieved net income of $3.88 million, a 172.1% increase from Q1 2024, with diluted EPS of $0.27. Core business direct premiums written grew 22.7% to $57.2 million, driven by favorable market conditions in Downstate New York.

The company maintained a solid net combined ratio of 93.7%, slightly up by 0.4 points year-over-year. Catastrophe losses were 3.5 percentage points lower than the previous year due to mild winter conditions. Kingstone reaffirmed its 2025 guidance, projecting core business premium growth of 15-25%, a net combined ratio of 81-85%, and basic EPS of $1.90-$2.30.

Kingstone Companies (NASDAQ:KINS), a Northeast regional property and casualty insurance holding company, has announced it will release its first quarter 2025 financial results after market close on Thursday, May 8, 2025.

The company will host a conference call to discuss business operations and financial results on Friday, May 9, 2025, at 8:30 am ET. Investors can join via phone using U.S. toll-free number 1-877-423-9820 or international number 1-201-493-6749. A webcast will be available on the company's investor relations website, with replay access for approximately 30 days after the call.

Kingstone Companies (NASDAQ:KINS) has announced that its subsidiary, Kingstone Insurance Company, will offer replacement policies to selected Homeowners policyholders in Downstate New York as AmGUARD Insurance Company exits the admitted personal lines business. The transaction involves approximately $70 million in written premium and is pending approval from the New York Department of Financial Services.

The policy transitions are scheduled to begin in the third quarter of 2025. Kingstone will streamline the process by providing quotes for eligible policyholders directly to producers. The company, which was the 12th largest writer of homeowners insurance in New York in 2024, aims to ensure a smooth transition for brokers and policyholders.

Kingstone Companies (NASDAQ:KINS), a Northeast regional property and casualty insurance holding company, has announced a strategic partnership with Kyber Technologies to implement AI-enabled claims correspondence automation. The collaboration aims to enhance the efficiency of Kingstone's claims processing system.

Through Kyber's AI technology, Kingstone's Claims Specialists will be able to instantly draft, review, and send claims communications, streamlining administrative tasks and improving customer service delivery. The partnership focuses on managing complex state-specific templates and ensuring compliance across all lines of business.

Kingstone Companies (NASDAQ:KINS) announced the resignation of CFO Jennifer Gravelle, effective April 18, 2025. Victor Brodsky, current Chief Accounting Officer and former CFO (2009-2020), will temporarily assume CFO duties alongside CEO Meryl Golden while an executive search is conducted.

The company reaffirmed its 2025 financial guidance, projecting:

• Net premiums earned of approximately $184 million
• Core Business direct premiums written growth of 15% to 25%
• Combined ratio of 81% to 85%
• Basic net income per share of $1.90 to $2.30
• Return on equity of 27% to 35%

The company expects weighted average shares outstanding for 2025 to be 13.3 million basic and 14.2 million diluted, with total shares outstanding reaching 13.6 million basic and 14.7 million diluted by year-end.

Kingstone Companies (NASDAQ:KINS), a Northeast regional property and casualty insurance holding company, has announced a strategic partnership with Snapsheet to enhance its claims processing capabilities. The collaboration aims to modernize Kingstone's claims operations through Snapsheet's software implementation.

The partnership will introduce new digital communication capabilities, expanded payment options, and intelligent automation to streamline the claims resolution process. According to Dave Fernandez, Chief Claims Officer of Kingstone, this initiative will enable their team to deliver faster, more accurate, and compassionate claims service to policyholders.

Snapsheet's President Andy Cohen highlighted that their platform will enhance Kingstone's claims efficiency through automation and intelligent workflows while providing a seamless digital experience for customers.

Kingstone Companies (NASDAQ:KINS) reported exceptional results for Q4 and full year 2024, marking significant growth and profitability improvements. The company achieved a 31% growth in core direct premiums written for the full year, with Q4 showing a remarkable 49% increase due to market dislocation.

Key highlights include:

• Full-year combined ratio improved by 25.3 percentage points to 80.0%
• Q4 combined ratio of 78.5%, an 11-percentage point improvement year-over-year
• Fifth consecutive quarter of profitability in Q4 2024
• Expense ratio reduced by 1.6 points to 31.3%

The company's performance benefited from lower frequency and severity of claims, minimal impact from severe weather and catastrophe events, and improved operational efficiency. Despite holiday season-related increases in large losses, the overall results remained strong. For 2025, Kingstone anticipates net premiums earned of approximately $184 million.