Kingstone ( (KINS) ) has released its Q1 earnings. Here is a breakdown of the information Kingstone presented to its investors.
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Kingstone Companies, Inc. is a regional property and casualty insurance holding company based in the Northeast, primarily operating through its subsidiary Kingstone Insurance Company. The company focuses on personal lines and commercial auto insurance, with a significant presence in New York. In the first quarter of 2025, Kingstone reported its sixth consecutive quarter of profitability, with a notable increase in net income and premium growth. The company achieved a 172% rise in net income, driven by a 22.7% growth in direct premiums written for its core business. The net combined ratio slightly increased to 93.7%, reflecting a balance between lower catastrophe losses and higher fire loss severity. Kingstone’s management expressed optimism for the remainder of 2025, reaffirming its guidance for the year and highlighting strong premium growth and disciplined underwriting as key factors for continued success.