Kingstone Stock Price, News & Analysis

Kingstone Insurance Company has launched the Sure AI Assistant, developed by Insurity, to enhance its claims process. This AI-powered tool allows policyholders to file claims quickly, even during high call volumes, improving efficiency and customer satisfaction. The Sure AI Assistant personalizes interactions by identifying callers based on their registered phone numbers, streamlining the first notice of loss (FNOL) process. This initiative aligns with Kingstone's strategy to modernize operations and is expected to boost policy retention.

Kingstone Companies (NASDAQ:KINS) has announced its 2022 Third Quarter financial results conference call for analysts and investors, set for November 15, 2022, at 8:30 a.m. ET. The earnings announcement will precede this call, scheduled for release after market close on November 14, 2022. The conference call can be accessed via 877-407-3105 for domestic callers and 201-493-6794 for international callers. It will also be available through a webcast accessible fifteen minutes prior to the call.

Kingstone Companies (KINS) reported a net loss per share of $(0.51) for Q2 2022, a significant decline from earnings of $0.12 per share a year prior. Direct written premiums grew by 11.6% to $49.8 million. However, net premiums earned decreased by 21.3% to $27.9 million, influenced by a 30% quota share treaty. The combined ratio rose to 103.3%, driven by a loss ratio of 66.9%. The Board declared a quarterly dividend of $0.04 per share, payable on September 15, 2022. Management expressed optimism about ongoing initiatives and potential future improvements.

Kingstone Companies (Nasdaq: KINS) will announce its Q2 2022 financial results on August 11, 2022, after market close. A conference call for analysts and investors is scheduled for August 12, 2022, at 8:30 a.m. ET. Domestic callers can dial 877-407-3105, while international callers can reach 201-493-6794. The call will also be available via a webcast. Kingstone operates mainly in personal lines insurance across several northeastern states, including New York and New Jersey.

Kingstone Companies (NASDAQ: KINS) reported a first-quarter 2022 operating loss per share of $(0.54), up from $(0.25) in Q1 2021. The net loss per share surged to $(0.87), compared to $(0.03) a year earlier, owing to significant catastrophe losses and unrealized investment declines. Direct written premiums grew by 12.7% to $43.0 million, but net premiums earned fell by 22.9% to $26.7 million due to a new quota share treaty. The net combined ratio worsened to 124.5%, revealing increased losses related to severe weather events.

Kingstone Companies (Nasdaq: KINS) announced its Board of Directors received a preliminary non-binding acquisition proposal from Griffin Highline Capital LLC. The Board will evaluate the proposal to determine the best course of action for the company and its shareholders. Kingstone operates primarily in the Northeast, providing property and casualty insurance through its subsidiary, Kingstone Insurance Company, focusing on personal lines in several states. The company cautioned that forward-looking statements involve risks, including potential losses from severe weather and regulatory challenges.

Kingstone Companies (NASDAQ: KINS) announced an estimated net pre-tax catastrophe loss of $2.59 million for Q1 2022, translating to $2.05 million after-tax, attributed to four separate events. The losses are based on preliminary data and remain subject to change, reflecting potential risks as noted in SEC filings. Additionally, the company declared a common stock dividend of $0.04 per share, payable on June 15, 2022, to shareholders of record as of May 31, 2022.

Kingstone Companies (NASDAQ:KINS) announced its 2022 First Quarter financial results conference call on May 13, 2022, at 8:30 a.m. ET. The earnings report will be disclosed after market close on May 12. Interested participants can access the call via a dedicated conference line or through a live webcast available here. Kingstone operates primarily in the Northeast, offering personal lines insurance across several states. This event is crucial for analysts and investors to gauge the company's performance.

Kingstone Companies announced its financial results for the fourth quarter and full year ended December 31, 2021. Q4 earnings per share were $0.21, down from $0.28. An operating loss per share of ($0.11) was reported. The full year saw a loss per share of ($0.70) compared to $0.09 earnings the prior year. Direct written premiums grew 13.2% in Q4 and 7.3% for the year. However, the net combined ratio increased to 111.5%. Management highlighted a strengthened reinsurance program to mitigate future large losses and record premium writings of $50 million in Q4.