Q2 2026 Kingstone Companies Inc Earnings Call Transcript

Aug 7, 2026 / 12:30 PM GMT

Release Date Price: $19.03 (-8.51%)

Transcript 10-Q8-K

Key Points

Positve

Record net income of $15.5 million and EPS of $1.05, with an annualized ROE of 50.8%.
Direct premiums written grew 19% to $72.5 million, with new business policy count up 35% and retention up 2 points.
Expense ratio improved by 2.1 points to 30.6%, reflecting operating leverage and scalability.
Reinsurance program enhanced: increased catastrophe protection by 14% to $500 million, lowered risk-adjusted cost by over 15%, and maintained low first-event retention.
Select product continues to outperform, with homeowners claim frequency 34% lower and dwelling fire frequency 19% lower than legacy, supporting mix improvement.

Negative

Underlying loss ratio increased 4.4 points year-over-year due to higher attritional severity and inflation.
Signs of a softening market and increased competition, particularly in dwelling fire, leading to expected moderation in New York growth.
California expansion faces faster-than-anticipated competition from admitted carriers reopening for new business.
Catastrophe loss ratio was slightly higher at 0.8% versus 0.6% in the prior year quarter.
Full-year guidance maintained despite strong Q2, reflecting caution about hurricane season and competitive pressures.

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

KINS.OQ - Kingstone Companies Inc
Q2 2026 Kingstone Companies Inc Earnings Call
Aug 07, 2026 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to Kingstone Company's second quarter 2026 earnings conference call.

As a reminder, this conference is being recorded.

I'll now turn the call over to your host Stefan Norbam, Kingstone's investor relations representative.

Stefan, you may begin.

Thank you and good morning everyone.

Joining us today are President and Chief Executive Officer Merrill Goldman Andy Patton.

On behalf of the company, I would like to note that this conference call may contain forward-looking statements.

Which involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from projected results.

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