Kingstone Companies, Inc (KINS) research, news, and more from GeoInvesting

Company description

Mon, 22 Jul 2024 14:50:24 GMT

Kingstone Companies, Inc., through its subsidiary, provides property and casualty insurance products to individuals in the United States. It offers personal line of insurance products, such as homeowners and dwelling fire, cooperative/condominiums, renters, and personal umbrella policies. The company also provides for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; and canine legal liability policies. In addition, it offers reinsurance products. The company underwrites its products through retail and wholesale agents and brokers. The company was formerly known as DCAP Group, Inc. and changed its name to Kingstone Companies, Inc. in July 2009. Kingstone Companies, Inc. was founded in 1886 and is headquartered in Kingston, New York.

Research

Wed, 04 Feb 2026 15:30:11 GMT

Kingstone Companies, Inc. (NASDAQ:KINS) ($15.17; $214.6M market cap) announced preliminary Q4 2025 and full-year results:

Q4 2025 sales of $49 million vs. $36 million in the prior year
Q4 2025 adjusted EPS: $1.03–$1.08 vs. $0.46 in the prior year
FY 2025 sales of $187 million vs. $128 million in the prior year
FY 2025 adjusted EPS: $2.71–$2.79 vs. $1.45 in the prior year

Management Commentary:

"Our most profitable quarter in history closed out our most profitable year in history. I’m pleased to report that our preliminary results for the full year outperformed the 2025 guidance that we issued during the third quarter of 2025. Our direct written premium growth for the fourth quarter and full year of 2025 of 14% and 15%, respectively, coupled with our exceptional underwriting profit both for the quarter and for the full year of 2025 demonstrates the durability of the platform we have built.

We are proud of our continued service to producers and policyholders in Downstate New York even when other carriers have withdrawn or restricted writing in this market. Throughout 2025, we benefited from low catastrophe losses and continued improvement in our property frequency driven by risk selection in our Select product, which now represents 57% of policies in force (up from 45% one year ago). During the quarter we also recognized the benefit from continued improvements in our claims operations, where faster cycle times are providing earlier visibility into ultimate property claims cost.

We have built a foundation with the Select product, our exceptional claims organization, strong data analytics, enhanced investment management and our low-cost expense structure that positions Kingstone for its next phase: continued profitable growth in New York along with measured expansion into new markets to achieve our 2029 goal of $500M in premium. We look forward to sharing more about these plans, comprehensive results and increased 2026 guidance on our upcoming earnings call.”

Our Quick Take:

These numbers appear to be driven by low catastrophe losses and exceptionally favorable loss ratios. Management is guiding for a Q4 2025 combined ratio of 64-66% and a ROE of 49-51%. Both KPIs are outside the long-term norm of industry standards. We would like to understand if management believes its current favorable KPI stats are sustainable in the long-term, and if so, why.

The shift toward its select product line, tighter risk selection, faster claims resolution, and expense leverage should allow profitability to remain well above 2023 - 2024 levels even as industry conditions normalize.

In August 2025, we hosted a Fireside chat along with Scott Weis of Semco Capital with CEO Meryl Golden. You can see the video here. Learn more about the company's Select Product line by watching this clip.

Kingstone Companies, Inc. provides property and casualty insurance products, including homeowners, renters, commercial auto, and specialty liability coverage, distributed through independent agents and brokers.

Research

Mon, 29 Jul 2024 19:42:41 GMT

KINS - On heels of a bullish shareholder letter, reports EPS of 41 cents vs. a loss of $0.06 on flat revenues.

Kingstone Companies, Inc (NASDAQ:KINS) ($7.41, $71.9 M market cap) announced Q2 2024 earnings:

Revenue Q2 2024: $53.4 million vs. $47.6 million in Q2 2024
Earnings Per Share (EPS) Q2 2024: $0.41 vs. ($0.06) in Q2 2024

Kingstone Companies, Inc. operates as a property and casualty insurance company. The company primarily focuses on personal lines insurance, offering homeowners, renters, and dwelling fire insurance.

Research

Tue, 23 Jul 2024 17:02:03 GMT

Kingstone Companies, Inc (NASDAQ:KINS) ($5.87, $64.7 M market cap) - Meryl Golden, President and CEO of Kingstone Companies, Inc., yesterday issued an exceptionally optimistic “Mid-year 2024” letter to shareholders, highlighting the company's achievements and future growth prospects. The man take away was the recent exit of several competing carriers from the New York market, presenting Kingstone with an opportunity to fill the void. Focusing on its core New York market, Golden also emphasized goals to deliver historic levels of profitability by precise pricing, matching rates to risks, insuring properties at current replacement costs, and maintaining an efficient expense structure.

Kingstone is on track to report its third consecutive profitable quarter, showing significant profit margin improvements.

FInally Golden shared the following metrics:

Direct written premium growth of +21.5% in Q2 2024
+24.3% growth in core personal lines,
Increased the guidance for 2024 core business premium growth to 21%-30%.

Notable Excerpt:

“Market dynamics have changed profoundly in the last few weeks. Competing carriers, representing >$200 million in annual premium, made the decision to exit New York State (or to exit the personal property market countrywide). All of the policies issued by these carriers must be moved to alternative carriers.

This situation is reminiscent of the surge in growth we experienced almost twenty years ago, following the three major Gulf Coast hurricanes where carriers responded by greatly restricting or stopping their coastal writings. This is when our prior long-term growth path began.

I believe the current market changes present us with the greatest profitable growth opportunity that Kingstone has ever experienced!

We have the strongest management team in our history. We have built long-term relationships with our extensive group of producers. We have a highly segmented and proven product that effectively matches rate to risk. With confidence in our operations, this incredible growth opportunity could not have come at a better time. I will continue to keep you apprised of this development as accelerating new business comes our way.

While it is impossible to gauge the size of this opportunity for Kingstone right now, I can share that every incremental $10 million in new PL premium written translates into approximately $0.10 of additional earnings per share as we earn the premium, and even higher earnings as the business renews.”

Kingstone Companies, Inc. operates as a property and casualty insurance company. The company primarily focuses on personal lines insurance, offering homeowners, renters, and dwelling fire insurance.

Recall that we recently added First Acceptance Corporation (OTC:FACO), an insurance carrier that rights auto policies for substandard drivers, to our Open Forum Model Portfolio.