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Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.
Kingstone's Claims Ratio % for the quarter that ended in Mar. 2024 was 62.00% , which is lower than 78.50% for the pervious quarter ended in Sep. 2023.
Kingstone's Claims Ratio % for the annual that ended in Dec. 2023 was 72.40% , which is lower than 77.30% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Kingstone's Claims Ratio % or its related term are showing as below:
The historical data trend for Kingstone's Claims Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Kingstone Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Claims Ratio % | Get a 7-Day Free Trial | ||||||||||
Expense Ratio % | Get a 7-Day Free Trial | ||||||||||
Combined Ratio % | Get a 7-Day Free Trial |
KingstoneQuarterly Data | |||||||||||||||||||||||||||||||||||||||||
Trend | Sep17 | Mar18 | Jun18 | Sep18 | Mar19 | Jun19 | Sep19 | Mar20 | Jun20 | Sep20 | Mar21 | Jun21 | Sep21 | Mar22 | Jun22 | Sep22 | Mar23 | Jun23 | Sep23 | Mar24 | |||||||||||||||||||||
Claims Ratio % | Get a 7-Day Free Trial | ||||||||||||||||||||||||||||||||||||||||
Expense Ratio % | Get a 7-Day Free Trial | ||||||||||||||||||||||||||||||||||||||||
Combined Ratio % | Get a 7-Day Free Trial |
For the Insurance - Property & Casualty subindustry, Kingstone's Claims Ratio %, along with its competitors' market caps and Claims Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Claims Ratio % is calculated as
Claims Ratio % | = | Total Claims | / | Total Premiums Earned | * | 100% |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Kingstone (NAS:KINS) Claims Ratio % Explanation
Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.
It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.
Thank you for viewing the detailed overview of Kingstone's Claims Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Meryl S. Golden | director, officer: Chief Operating Officer | 15 JOYS LANE, KINGSTON NY 12401 |
Timothy P Mcfadden | director | 310 8TH AVENUE NORTH, ST. PETERSBURG FL 33701 |
Michelle A. Gage | officer: Chief Accounting Officer | C/O KINGSTONE COMPANIES, INC., 15 JOYS LANE, KINGSTON NY 12401 |
Minlei Chen | officer: Chief Actuary and Senior VP | KINGSTONE INSURANCE COMPANY, 15 JOYS LANE, KINGSTON NY 12401 |
Jennifer Gravelle | officer: Chief Financial Officer | C/O KINGSTONE COMPANIES, INC., 15 JOYS LANE, KINGSTON NY 12401 |
Pelt Scott Van | officer: Chief Financial Officer, Treas | C/O KINGSTONE COMPANIES, INC., 15 JOYS LANE, KINGSTON NY 12401 |
William L Yankus | director | 10 PHEASANT HILL, FARMINGTON CT 06032 |
Richard Jason Swartz | officer: Chief Accounting Officer | 70 EAST SUNRISE HIGHWAY, VALLEY STREAM NY 11581 |
Floyd R Tupper | director | C/O KINGSTONE COMPANIES, INC., 15 JOYS LANE, KINGSTON NY 12401 |
Barry Goldstein | director, 10 percent owner, officer: President, COB, CEO, CFO, Trea | 15 JOYS LANE, KINGSTON NY 12401 |
Jay M Haft | director, 10 percent owner | C/O NEUROTROPE, INC., 50 PARK PLACE, SUITE 1401, NEWARK NJ 07102 |
Dale A Thatcher | director | 40 WANTAGE AVE, BRANCHVILLE NJ 07890 |
Carla D'andre | director | 3540 LOQUAT AVENUE, MIAMI FL 33133 |
Jack D Siebald | director | 1336 BOXWOOD DRIVE WEST, HEWLETT HARBOR NY 11557 |
Benjamin Walden | officer: VP+Chief Actuary-Kingstone Ins | 11 MILL POND LANE, CENTERPORT NY 11721 |
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