Kingstone (KINS)
NASDAQ:KINS
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Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.95Last Year’s EPS
0.75Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a mixed near-term result driven by an exceptionally severe winter that produced a GAAP loss, elevated combined ratio and negative ROE for the quarter. However, management emphasized that these catastrophe impacts were within guidance scenarios and highlighted material improvements in the controllable operating metrics: strong premium growth (DPW +~20%, NPE +28%), improved underlying combined ratio (down 5.1 points to 88.3%), investment income (+63%) and expense efficiency (expense ratio 30.4%). The company reaffirmed full-year guidance, has no long-term debt, growing book value year-over-year, and conservative, measured geographic expansion plans. Overall, the underlying business momentum and capital/strategy positioning outweigh the quarter's catastrophe-driven headline loss.Company Guidance
Improved Underlying Profitability
Underlying combined ratio improved 5.1 points year-over-year to 88.3% (from 93.4%), with underlying loss ratio improving over 4 points to 57.9% — showing durable underwriting improvement when excluding catastrophe volatility.
Strong Premium Growth
Direct premiums written grew ~20% year-over-year; net premiums earned increased 28% to $55.9 million, driven by momentum in New York Personal Lines and reduced quota share retention.
Policies in Force and New Business Momentum
Policies in force increased over 7% to more than 82,000 (up 2.5% from year-end); new business policies grew 19% YoY, average renewal premium up 10%, and retention rose ~1 point.
Meaningful Organic Growth
Organic growth in New York was approximately 16% (with renewal-rights/inorganic contributing ~4%), and the renewal rights agreement added about $2.5 million of direct premiums in the quarter.
Investment Income and Portfolio Improvement
Net investment income rose 63% to $3.3 million; investment portfolio grew to $313.4 million with portfolio yield up to 4.3% from 3.7% (increase of 60 basis points) and effective duration of 4.3 years.
Expense Efficiency and Operating Leverage
Expense ratio improved by ~0.9 points to 30.4% (from ~31.3%), reflecting operating leverage as underwriting expense dollars grew slower than net earned premium; expense ratio down ~10 points since 2021.
Favorable Reserve Development
Recognized 2.3 points of favorable prior year reserve development in the quarter, supporting loss reserve management and underwriting performance.
Select Product Performance
Select homeowner claim frequency remains exceptional — over 33% lower than legacy product — and Select now represents ~60% of policies, indicating improved risk segmentation and lower future frequency.
Capital Position and Book Value Growth
Shareholders' equity was $114.5 million; book value per diluted share $7.70 (down $0.58 from YE 2025 but up 38% YoY from $5.57); excluding AOCI, book value per share was $8.23, up 32% YoY.
Strategic Expansion and Conservative Market Entry
Reaffirmed plans to enter California (E&S) in Q2 with a conservative 3% quota share and to begin admitted homeowners in Connecticut in Q3 via new subsidiary; reaffirmed full-year 2026 guidance (DPW growth 15–20%, underlying combined ratio 74–76%, catastrophe loss ratio 7–10 pts, diluted EPS $2.20–$2.90, ROE 24–30%).
KINS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
KINS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $16.10 | $15.46 | -3.96% |
Mar 05, 2026 | $16.17 | $15.53 | -3.95% |
Nov 06, 2025 | $14.68 | $14.70 | +0.13% |
Aug 07, 2025 | $15.99 | $14.88 | -6.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Kingstone (KINS) report earnings?
Kingstone (KINS) is schdueled to report earning on Aug 06, 2026, After Close (Confirmed).
What is Kingstone (KINS) earnings time?
Kingstone (KINS) earnings time is at Aug 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KINS EPS forecast?
KINS EPS forecast for the fiscal quarter 2026 (Q2) is 0.95.