Kingstone Companies' Q3 EPS rises on higher premiums

Kingstone Companies

Yesterday 21:53

Overview
US property and casualty insurer's Q3 net premiums earned rose 30% yr/yr
Diluted EPS for Q3 rose yr/yr to $1.19

Outlook
Company updates 2026 direct premiums written growth outlook to about 16%
Company now sees 2026 net combined ratio at 79% to 83%

Result Drivers
PREMIUM GROWTH - Co said net premiums earned and direct premiums written rose on higher renewal premiums, improved retention and new business growth
LOWER CLAIM FREQUENCY AND SEVERITY - Co attributed improved underlying loss ratio to lower claim frequency and severity, supported by Select platform and faster claims cycle times

Company press release: ID:nGNX2tFzRT

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
 
$1.19
 
Q3 Combined Ratio
 
65.60%
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the property & casualty insurance peer group is "buy"
Wall Street's median 12-month price target for Kingstone Companies Inc is $24.00, about 19.5% above its November 4 closing price of $20.08
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Reuters Recommended Reads
Nov 4 - Palomar Q3 net income beat estimates as premiums rise 28%
Nov 4 - HCI Group Q3 premiums earned and EPS rise
Nov 4 - Safety Insurance Q3 net income rises as combined ratio improves

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)