Kingstone Stock Price, News & Analysis

Kingstone Companies (NASDAQ: KINS) reported estimated net pre-tax catastrophe losses of $1.75 million for Q4 2021, amounting to $1.40 million after tax, primarily from two events. Additionally, the Board of Directors declared a quarterly dividend of $0.04 per share, payable on March 15, 2022, to shareholders of record as of February 28, 2022. For more financial information, visit Kingstone's website.

Kingstone Companies (NASDAQ:KINS) announced a financial results conference call scheduled for March 11, 2022, to discuss its Q4 and Full Year 2021 results. The earnings announcement will be released after market close on March 10. Additionally, Kingstone Insurance Company finalized a new 30% personal lines quota share treaty effective until December 31, 2022, reducing its catastrophe retention from $10.0 million to $7.4 million. This move is expected to increase statutory surplus, benefiting written premium growth as the company enters 2022.

Kingstone Companies (NASDAQ:KINS) reported disappointing financial results for Q3 2021, with a loss per share of $(1.01), up from $(0.12) a year prior. The net combined ratio surged to 136.4% due to catastrophe losses from three storms, adding 33 points to the ratio. Despite this, direct written premiums rose by 6.8% to $48.9 million, and net premiums earned increased by 33.7% to $36.8 million. Investment income grew by 12.2% to $1.7 million, and the company repurchased 88,329 shares. A quarterly dividend of $0.04 was declared, payable on December 15, 2021.

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.