Q1 2026 Kingstone Companies Inc Earnings Call Transcript

May 8, 2026 / 12:30 PM GMT

Release Date Price: $15.51 (-3.96%)

Transcript 10-Q8-K

Key Points

Positve

Kingstone Companies Inc (KINS) reported a 20% growth in direct premiums written, driven by strong performance in the New York personal lines business.
The underlying combined ratio improved by 5.1 points year-over-year to 88.3%, indicating better control over the business operations.
Investment income increased by 63%, reflecting robust cash generation and higher fixed income yields.
The company is expanding into new markets, including California and Connecticut, which are expected to contribute to long-term growth.
Kingstone Companies Inc (KINS) has no long-term debt, providing financial flexibility to fund growth initiatives.

Negative

The company reported a net loss of $5.8 million for the first quarter, primarily due to 11 winter catastrophe events.
The GAAP net combined ratio was 112%, significantly impacted by the severe winter storm season.
The annualized return on equity was negative at -19.6%, reflecting the financial impact of the catastrophe losses.
Book value per diluted share decreased to $7.70 from $8.28 at the end of the previous year.
The company faced higher operating expenses due to one-time board-level projects, impacting overall profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KINS.OQ - Kingstone Companies Inc
Q1 2026 Kingstone Companies Inc Earnings Call
May 08, 2026 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings, and welcome to The Kingstone Company's First Quarter 2026 Earnings Conference Call.

As a reminder, this conference is being recorded.

I would now like to turn the call over to your host, Stefan Orbaugh, Kingstone's Investor Relations representative. You may begin.

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Unidentified_2 [2]
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Thank you, and good morning, everyone.

Joining us today on the call will be President and Chief Executive Officer, Merrill Golden and Vice President and Chief Financial Officer, Randy Patton.

On behalf of the company,

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