KINGSTONE COMPANIES, INC. SEC Filings

KINGSTONE COMPANIES, INC. senior vice president and chief claims officer David Craven Fernandez reported his existing equity holdings in the company. He holds 22,142 shares of common stock directly, including 11,095 unvested restricted shares scheduled to vest in stages through March 3, 2028. He also holds a stock option on 10,000 shares of common stock at an exercise price of $2.2500 per share, which vests in three equal annual installments through January 5, 2027 and expires on January 5, 2029.

Kingstone Companies is a regional property and casualty insurer that writes mainly personal lines homeowners business through subsidiary Kingstone Insurance Company. For the year ended December 31, 2025, gross written premiums were $277.8 million, up 14.8% from $242.0 million in 2024, with 94.7% from personal lines and 98.0% of direct written premiums coming from New York.

In 2025 the group sold its Kingston, New York headquarters and an adjacent property to Ulster County for $3.6 million and fully repaid its 13.75% Senior Notes due June 30, 2026 after principal prepayments of $3.5 million and $2.45 million. Kingstone increased the top limit of its catastrophe reinsurance program to $440 million, targeting protection for a one‑in‑100‑year storm, and entered an agreement to offer replacement homeowners policies in Downstate New York tied to a competitor’s withdrawal from roughly $70 million of written premium.

The company paid two cash dividends of $0.05 per share in 2025, withdrew from all New Jersey business, and outlined a 5‑Year Growth Plan to reach $500 million in direct written premium through organic growth in New York and expansion into states including California, where it plans to launch excess and surplus lines in the second quarter of 2026. Net loss and loss adjustment expense reserves rose to $107.3 million at December 31, 2025 from $93.9 million a year earlier, and the filing emphasizes risks from catastrophes, heavy New York concentration, reinsurance availability, regulatory changes, reserve uncertainty, cybersecurity and climate-related pressures.

Gregory and Scott Fortunoff filed a Schedule 13D on Kingstone Companies, Inc. after building sizable positions in its common stock. Based on 14,397,526 shares outstanding as of December 31, 2025, Gregory Fortunoff reports beneficial ownership of 848,650 shares, or 5.9% of the company, while Scott Fortunoff reports 240,660 shares, or 1.7%.

They state they bought shares in open‑market transactions using personal funds of about $10,449,815 for Gregory and $1,885,798.40 for Scott. The investors argue Kingstone is undervalued despite improved stability, reduced debt and a comprehensive reinsurance program, and have asked the Board to begin a formal review of strategic alternatives, including a possible sale of the company, to maximize value for all shareholders.

Gregory also holds American‑style call options on 90,400 shares at $15 expiring on April 17, 2026 and 15,000 shares at $17.50 expiring on July 17, 2026, and has written call options on 1,000 shares at $20 expiring on April 17, 2026.

KINGSTONE COMPANIES, INC. Chief Actuary and Senior VP Minlei Chen reported equity compensation changes involving company common stock. On March 3, 2026, Chen acquired 8,624 shares of common stock at $0.00 per share as a restricted stock grant. As part of the same event, 1,512 shares were disposed of at $16.53 per share, with the shares withheld from the vested grant to cover associated tax withholding obligations. Following these transactions, Chen directly held 36,452 common shares, including 16,060 unvested restricted shares that are scheduled to vest in tranches between June 18, 2026 and March 3, 2028, and also held 10,000 stock options that vest in stages through January 5, 2027.

Kingstone Companies, Inc. reported record results for the fourth quarter and full year 2025, highlighting its strongest performance in company history. For 2025, net premiums earned rose to $187.1 million, up 45.6% from 2024, while direct premiums written reached $277.8 million, a 14.8% increase. The full-year GAAP net combined ratio improved to 75.0%, reflecting stronger underwriting profitability.

Full-year net income more than doubled to $40.8 million, with diluted earnings per share of $2.88, up 94.6%. Book value per diluted share climbed to $8.28, a 75.2% increase. The annualized return on equity reached 43.0%, and operating diluted EPS was $2.79. In the fourth quarter, net income was $14.8 million with diluted EPS of $1.03 and a net combined ratio of 64.2%.

The company emphasized structural drivers of profitability, including its Select underwriting platform, which now represents 57% of policies in force, and a lower net expense ratio of 30.0%. For 2026, Kingstone issued guidance for direct premiums written growth of 16% to 20%, an underlying combined ratio of 74% to 76%, a net combined ratio of 81% to 86%, diluted EPS of $2.20 to $2.90, and return on equity of 24% to 30%, based on a catastrophe loss ratio assumption of 7% to 10%.

KINGSTONE COMPANIES, INC. CFO, VP and Treasurer Randy L. Patten reported equity compensation and related tax withholding transactions in company common stock. He acquired 3,126 shares at no cost through a restricted stock grant, while 435 shares were withheld at $16.53 per share to cover associated tax liabilities, leaving him with 45,981 shares held directly, including 45,374 unvested restricted shares scheduled to vest between August 25, 2026 and August 25, 2028.

Kingstone Companies Chief Accounting Officer Victor J. Brodsky reported equity compensation activity in company common stock. He acquired 6,083 shares on March 3, 2026 through a restricted stock grant at no cash cost. On the same date, 845 shares were withheld from this vested stock grant at $16.53 per share to cover associated tax withholding, reducing the net shares he retained. Following these transactions, he directly owned 64,794 common shares, including 19,055 unvested restricted shares that are scheduled to vest in tranches between April 15, 2026 and April 15, 2028. He also indirectly held 15,000 shares through an IRA.

Kingstone Companies, Inc. filed a current report to furnish a press release announcing certain preliminary financial results for the fourth quarter and full year ended December 31, 2025. The company also announced it will hold a conference call for analysts and investors on March 6, 2026 at 8:30 A.M. ET to discuss these results. The press release is included as Exhibit 99.1 and, along with the related disclosures, is being furnished rather than filed, meaning it is not automatically subject to certain Exchange Act liabilities or incorporated into other securities filings unless specifically referenced.

Kingstone Companies, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share. The dividend will be payable on February 26, 2026 to stockholders of record as of the close of business on February 11, 2026.

The company disclosed this action through a press release furnished as an exhibit. The information is furnished under a current report item, meaning it is not deemed filed for certain securities law liability provisions or automatically incorporated into other registration statements or Exchange Act filings.