Kingstone Companies

At the annual meeting all six nominated directors of Kingstone Companies were reelected and the selection of CBIZ CPAs P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2026, was approved. Shareholders also voted, on an advisory basis, to approve the compensation of the named executive officers. Separately, Kingstone reported a record profit for the second quarter of 2026, with diluted earnings per share of $1.04, revenue of $72.49 million and net income of $15.5 million. » Więcej na de.investing.com

Kingstone Companies posted a record net income of $15.5 million in the second quarter and diluted earnings per share of $1.04 (expectation $0.80). Direct written gross premiums rose 19% to $72.5 million, net earned premiums increased 31% to $60.5 million, and the combined net loss and expense ratio improved to 70.2%. The company raised the quarterly dividend by 20%, continued share repurchases and confirmed its annual guidance, but warned of rising competition in New York and potential charges from the hurricane season. » Więcej na de.investing.com

Kingstone recorded a net loss of $5.8m in the first quarter of 2026 (diluted loss per share $0.40), hit by around 11 winter catastrophe events and gross catastrophe losses of about $25m. Despite the loss, operating metrics improved: earned net premiums rose 28%, written gross premiums nearly 20%, and the adjusted combined ratio fell to 88.3%. The stock initially fell about 5.7% after the figures but showed premarket recovery. Kingstone reaffirmed its 2026 guidance, targeting written gross premium growth of 15–20% and diluted EPS of $2.20 to $2.90. » Więcej na de.investing.com