Education
About Us
Working with TipRanks
Follow Us
Kingstone (KINS)
NASDAQ:KINS
Earnings Data
Report Date
May 07, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.26Last Year’s EPS
0.17Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a strongly positive underlying operating performance: record profitability, substantial premium and earned premium growth, marked improvement in expense and loss ratios, stronger investment income and capital metrics, and a disciplined, measured expansion strategy (California). The primary near-term headwinds are weather-driven: management is prudently assuming a higher-than-average catastrophe load for 2026 (7–10 points), which depresses headline combined ratio and EPS guidance despite healthy underlying metrics. Regulatory uncertainty in New York and execution risk for California are noted but framed as manageable. Overall, the highlights substantially outweigh the lowlights.Company Guidance
Record Quarterly and Annual Profitability
Q4 net income of $14.8 million; full-year net income of $40.8 million (more than doubled year-over-year). Full-year diluted EPS increased 95% to $2.88 and annual return on equity was 43%.
Exceptionally Strong Q4 Underwriting Performance
Q4 GAAP net combined ratio of 64.2% and underlying loss ratio of 34.7% (improved by over 14 points versus prior-year quarter), driven by materially lower claims frequency and improved claims operations.
Sustained Improvement in Underlying Operating Metrics
Full-year underlying combined ratio of 74.4% in 2025, a 5.1-point improvement from 79.5% in 2024; full-year underlying loss ratio improved nearly 4 points to 44.4%.
Premium Growth and Strong Earned Premium Tailwind
Direct premiums written grew 14% in Q4 to $82.8 million and 15% for the full year to $277.8 million. Net premiums earned increased 38% in Q4 and 46% for the full year, aided by reduced quota share retention.
Select Product Adoption and Risk Selection
Select product now represents 57% of policies in force (up from 45% a year ago), improving risk selection and lowering frequency of attritional claims.
Expense Efficiency Progress
Net expense (operating) ratio improved to 30% in 2025 from 41% in 2021 (11-point reduction). Reached a milestone 30% expense ratio with potential further modest improvement to ~29%–30% run-rate.
Capital Strength and Shareholder Metrics
No debt at the holding company; shareholder equity increased 84% to $122.7 million; book value per diluted share rose 75% to $8.28 (book value ex-AOCI up 56% to $8.69). Declared the third consecutive quarterly dividend.
Improved Investment Income and Portfolio Scale
Net investment income increased 55% in Q4 to $3.0 million and 44% for the year to $9.8 million. Investment portfolio grew to $309.7 million; fixed-income yield 4.3% (up 60 bps year-over-year) and effective duration 4.4 years.
Prudent Reinsurance & Quota Share Strategy
Reduced quota share cession from 27% to 16% (2025 treaty) and planned reduction to 5% (2026 treaty), actions expected to increase projected EPS by ~$0.25 for 2025 and ~$0.20 for 2026 and reflect confidence in underwriting quality.
Measured Growth Roadmap — California Expansion
Announced disciplined entry into California E&S in 2026 (initial contribution <5% of 2026 premium) leveraging Select product, wildfire modeling, real-time accumulation management, and an initial 30% quota share on CA business to limit first-year risk.
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 |
|---|---|---|---|
Mar 05, 2026 | $16.22 | $15.58 | -3.95% |
Nov 06, 2025 | $14.72 | $14.74 | +0.14% |
Aug 07, 2025 | $16.04 | $14.92 | -6.98% |
May 08, 2025 | $18.01 | $21.46 | +19.14% |
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 May 07, 2026, After Close (Confirmed).
What is Kingstone (KINS) earnings time?
Kingstone (KINS) earnings time is at May 07, 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 (Q1) is -0.26.