Kingstone Q2 net income up 149%, raises 2025 EPS guidance

Kingstone Companies

07/08/2025 21:25

Overview

Kingstone Q2 net income rises 149.2% yr/yr, achieving record quarterly profit

Co raises 2025 EPS guidance, reflecting strong operational performance

Kingstone sets 5-year goal to reach $500 mln in premium, doubling company size

Outlook

Kingstone sees 2025 Core Business direct premiums written growth of 15% to 20%

Company expects 2025 net combined ratio of up 79% to 83%

Kingstone projects 2025 diluted EPS of $1.95 to $2.35

Company aims for $500 mln premium in five years

Result Drivers

PREMIUM GROWTH - Core direct premiums written rose 17% due to favorable market conditions and competitive landscape

EARNED PREMIUMS - Net earned premiums increased over 52%, driven by reduced quota share and new business from 2024

LOSS RATIO IMPROVEMENT - Net combined ratio improved by 6.7 points due to lower catastrophe losses

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.78
Q2 Combined Ratio
71.5%
Q2 Gain on Investments
$546,000
Q2 Underwriting Expense Ratio
32.7%


Analyst Coverage

The one available analyst rating on the shares is "strong 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 $22.00, about 30.1% above its August 6 closing price of $15.38

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nACSJlMsPa

(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.)