Kingstone Q3 net income up 56%, raises 2025 outlook

Kingstone Companies

06/11/2025 21:54

Overview

Kingstone Q3 net income rises 55.8% yr/yr to $10.9 mln

Direct premiums written increase 13.8% yr/yr, driven by higher premiums and retention

Company raises profitability outlook for fiscal 2025

Outlook

Kingstone raises 2025 net income per share guidance to $2.30-$2.70 basic, $2.20-$2.60 diluted

Company expects 2026 direct premiums written growth of 15% to 20%

Kingstone projects 2026 net income per share of $2.15-$2.85 basic, $2.10-$2.80 diluted

Result Drivers

PREMIUM GROWTH - Direct premiums written grew 14% due to higher average premiums and strong retention

LOWER CATASTROPHE LOSSES - Net combined ratio benefited from lower frequency and lower-than-expected catastrophe losses

CEDING COMMISSIONS - Increased ceding commissions contributed to a lower expense ratio

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.74
Q3 Combined Ratio
72.70%
Q3 Underwriting Expense Ratio
28.40%


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 31.8% above its November 5 closing price of $15.00

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

Press Release: ID:nGNX11b0wW

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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.)