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 (NASDAQ: KINS) maintains this dedicated news hub for investors and industry professionals tracking developments in regional property and casualty insurance. Our curated collection features official press releases, financial disclosures, and strategic updates from this established Northeast insurer.
Access real-time information on quarterly earnings, leadership appointments, product expansions, and operational milestones. The archive serves as a historical record of Kingstone's growth since 1886, including its innovative risk management practices and technology-driven claims solutions.
Key content categories include financial performance reports, regulatory filings, partnership announcements, and coverage area expansions. Subscribers receive updates on the company's specialized insurance products for small businesses and homeowners across New York, New Jersey, and New England markets.
Bookmark this page for streamlined access to verified information about Kingstone's underwriting strategies, reinsurance partnerships, and independent producer network developments. Check regularly for insights into how this regional insurer maintains financial stability through disciplined risk selection and advanced analytics.
Kingstone Companies, a property and casualty insurance holding company, has announced the appointment of Thomas Newgarden to its Board of Directors. CEO Meryl Golden emphasized Newgarden's extensive experience in insurance operations, particularly in underwriting and product development, as well as his knowledge of the Insurtech landscape, will enhance Kingstone's product offerings and operational efficiency. Newgarden expressed his enthusiasm for contributing to the company's long-term profitability and shareholder value.
Kingstone Insurance Company (Nasdaq:KINS) announced an agreement with ClaimTouch Analytics Inc. to enhance its contents claims management using AI, machine learning, and big data. This partnership aims to improve the accuracy and speed of claim resolutions, making the process more efficient for both customers and Kingstone's Claims team. Dave Fernandez, Chief Claims Officer of Kingstone, emphasized the benefits of this collaboration in transforming the customer experience. ClaimTouch's CEO, Mick Noland, expressed excitement about modernizing a traditionally overlooked area in the insurance industry.
Kingstone Companies (Nasdaq: KINS) announced that its 2024 Annual Meeting of Stockholders will be held on August 7, 2024, at 15 Joys Lane, Kingston, New York. The meeting will start at 9:00 a.m. ET. Stockholders who are on record as of June 14, 2024, will be eligible to vote. The company will send out notices by June 27, 2024.
Kingstone Companies, a Northeast regional property and casualty insurance holding company, announced its inclusion in the Russell Microcap Index, effective July 1, 2024. This follows the annual reconstitution of the Russell U.S. Indexes, which ranks the 4,000 largest U.S. stocks by market capitalization as of April 30, 2024. Kingstone's CEO, Meryl Golden, highlighted this milestone as a significant progress marker, enhancing the company's equity profile and liquidity.
The Russell Microcap Index membership lasts for one year and includes automatic inclusion in the relevant growth and value style indexes. This is expected to expand Kingstone's base of institutional investors and provide better liquidity for current stockholders. FTSE Russell, the index provider, is well-recognized by investment managers and institutional investors globally for index funds and benchmarks.
Kingstone Companies reported a notable first quarter performance in 2024, achieving the highest first quarter profitability in seven years. Key highlights include a 12.5% increase in direct premiums written for its Core Business, a 30-point improvement in the combined ratio to 93.3%, and a net income of $1.427 million compared to a net loss of $5.055 million in the same quarter of 2023. The company also raised its 2024 guidance, forecasting a Core Business premium growth of 16%-20% and a net income per share of $0.75 to $1.10. CEO Meryl Golden attributed the success to strategic initiatives and favorable weather conditions.
Kingstone Companies, Inc. (Nasdaq:KINS) reported certain preliminary financial results for Q1 2024, showing a profitable performance with a focus on its core business in New York. The company saw an increase in net premiums earned driven by renewal rate achievement in core business, while non-core business saw a decline. There was a significant reduction in non-core policies-in-force and improvement in consolidated GAAP combined ratio and catastrophe loss ratio. The company will hold a conference call on May 14, 2024, to discuss the results.
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