KINGSTONE COMPANIES, INC. (KINS) SEC Filings

Kingstone Companies, Inc. (KINS) reports that its Audit Committee approved the engagement of Deloitte & Touche LLP as independent registered public accounting firm to audit the company’s consolidated financial statements and internal control over financial reporting as of and for the year ending December 31, 2026, subject to execution of an engagement letter. At the same time, the company dismissed CBIZ CPAs P.C. as its auditor, a change also approved by the Audit Committee. The company states that CBIZ CPAs’ audit report on the 2025 financial statements contained no adverse or qualified opinion, but CBIZ CPAs issued an adverse attestation report on the effectiveness of internal control over financial reporting as of December 31, 2025 because of a material weakness tied to the lack of a Service Organization Control (SOC) 1 Type 2 report for the insurance premium quoting platform system and general ledger system. Kingstone notes there were no disagreements with CBIZ CPAs on accounting or auditing matters and that CBIZ CPAs is authorized to respond fully to Deloitte’s inquiries.

Kingstone Companies, Inc. held its Annual Meeting of Stockholders on August 5, 2026. Stockholders elected all six director nominees, including Meryl S. Golden with 7,854,706 votes for and 72,715 withheld, and each other nominee receiving over 7.1 million votes for, with 3,406,800 broker non-votes on each director item.

Stockholders ratified CBIZ CPAs P.C. as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 11,275,822 votes for, 20,415 against, and 37,984 abstentions. They also approved, on a non-binding advisory basis, the compensation of the named executive officers, with 7,012,944 votes for, 151,777 against, 762,700 abstentions, and 3,406,800 broker non-votes.

Kingstone Companies, Inc., a personal-lines insurer concentrated in New York homeowners business and beginning to write non‑admitted homeowners coverage in California, reported higher Q2 2026 profitability. Net premiums earned rose to $60,467,477 for the quarter and $116,336,291 for the first six months, compared with $46,215,260 and $89,738,323 a year earlier. Total revenues reached $65,853,546 for Q2. Q2 net income increased to $15,470,171 from $11,252,332, with diluted EPS of $1.05 versus $0.78, while the company paid $0.05 per share in quarterly dividends.

For the six‑month period, net income was $9,661,921 versus $15,134,992, as loss and loss adjustment expenses climbed to $69,504,881 from $45,102,240 and prior‑year results benefited from a $1,965,989 real estate gain and stronger investment gains. Operating cash flow improved to $37,459,778 from $27,131,737. At June 30, 2026, total assets were $477,933,872 and stockholders’ equity was $129,159,460, with loss reserves of $167,475,018 and debt of $3,801,148, largely from an equipment financing sale‑leaseback. A reinsurance program, including a $125,000,000 catastrophe bond and excess‑of‑loss treaties, provides multi‑year protection against major storm and catastrophe losses.

Kingstone Companies reported its most profitable quarter in company history for the quarter ended June 30, 2026. Net income was $15.5 million (up 37.5% year over year), with diluted EPS of $1.05 and an annualized return on equity of 50.8%. Net premiums earned rose 30.8% to $60.5 million, and direct premiums written increased 18.7% to $72.5 million.

Underwriting performance was strong, with a GAAP net combined ratio of 70.2%, including a net loss ratio of 39.6%, underwriting expense ratio of 30.6%, and a (0.8)% catastrophe loss ratio helped by favorable prior-year reserve development. Net investment income grew 49.1% to $3.4 million. Diluted book value per share increased to $8.69, up 34.9% year over year.

The company highlighted a $500 million catastrophe reinsurance program with more than 15% lower risk‑adjusted cost and reduced New York quota share from 16% to 5%. Capital returns included a quarterly dividend increase of 20% to $0.06 per share and a share repurchase authorization of up to 1,000,000 shares. Kingstone reaffirmed its 2026 guidance, including direct premiums written growth of 16%–20%, a net combined ratio of 81%–86%, diluted EPS of $2.20–$2.90, and ROE of 24%–30%.

Kingstone Companies, Inc. announced that its Board of Directors approved a 20% increase in the quarterly cash dividend to $0.06 per share of common stock, up from $0.05. The dividend is payable on August 26, 2026 to stockholders of record at the close of business on August 11, 2026.

Chief Financial Officer Randy Patten stated that the higher dividend reflects the Board’s confidence in the company’s earnings power and outlook for continued profitable growth and capital returns. The increase follows a share repurchase program authorized in May 2026 for up to 1,000,000 shares over the next two years and is the first dividend increase since the quarterly dividend was reinstated in July 2025.

Kingstone Companies, Inc., a regional property and casualty insurance holding company, announced that it will issue financial results for the second quarter ended June 30, 2026 after the market closes on Thursday, August 6, 2026.

Management will host a conference call at 8:30 a.m. ET on Friday, August 7, 2026 to discuss business operations and financial results. U.S. participants can dial 1-877-407-2991 and international participants 1-201-389-0925, with a live webcast and a replay available for approximately 30 days via the company’s investor relations website.

Kingstone Companies, Inc. is asking stockholders to vote at its August 5, 2026 virtual annual meeting on three items: electing six directors, ratifying CBIZ CPAs P.C. as auditor for 2026, and approving on an advisory basis executive compensation.

The proxy details 14,484,841 common shares outstanding as of June 12, 2026, with one vote per share and cumulative voting for directors. It highlights CEO Meryl Golden’s 2025 total compensation of $1,871,100, including salary, bonus and equity awards under the 2024 Equity Participation Plan, and describes performance-based pay for other executives, outstanding equity awards, and change‑in‑control protections.

The filing also shows a three‑year pay versus performance table, including 2025 net income of $40,767,128 and a Total Stockholder Return value of $112.75 on a hypothetical $100 investment, and outlines director fees, stock grants, board committee roles, and ownership of major stockholders such as BlackRock and individual 5% holders.

Kingstone Companies, Inc. Chief Actuary and Senior VP Minlei Chen reported routine share withholding for taxes tied to equity compensation. On a Form 4 dated June 18, 2026, 1,202 shares of common stock were disposed of at $15.89 per share through a tax-withholding disposition, meaning shares were withheld from a vested stock grant to pay related withholding taxes rather than sold in the open market.

After this transaction, Chen directly holds 41,917 common shares, which include 12,727 shares from unvested restricted stock grants scheduled to vest as to 6,520 shares on March 3, 2027, 3,333 shares on June 18, 2027, and 2,874 shares on March 3, 2028. Chen also holds a stock option over 3,333 shares of common stock at a $2.25 exercise price that vests and becomes exercisable on January 5, 2027 and expires on January 5, 2029.

KINGSTONE COMPANIES director Thomas Newgarden bought 14,000 shares of Common Stock in open-market purchases. He acquired 6,000 shares on May 28, 2026 at $15.50 per share and 8,000 shares on May 29, 2026 at a weighted average price of $14.9947 per share. After these transactions, he directly owns 99,366 shares, including 3,149 unvested shares received as director fees that vest on January 2, 2027, subject to earlier vesting under certain circumstances.