Quarterly ResultMay 8, 2026, 02:06 PM
KINGSTONE COMPANIES Q1 Net Loss $5.81M; EPS $(0.40)
AI Summary
KINGSTONE COMPANIES, INC. reported a net loss of $5.81 million, or $(0.40) per basic share, for the first quarter of 2026, a significant decline from a net income of $3.88 million, or $0.29 per basic share, in the same period last year. This loss occurred despite an increase in total revenues to $59.78 million, driven by higher net premiums earned. The company experienced a substantial rise in loss and loss adjustment expenses, which negatively impacted profitability. Total assets increased, but stockholders' equity decreased during the quarter.
Key Highlights
- KINGSTONE COMPANIES reported a net loss of $5.81 million for Q1 2026, compared to a net income of $3.88 million in Q1 2025.
- Basic loss per common share was $(0.40) in Q1 2026, a decrease from basic earnings per share of $0.29 in Q1 2025.
- Total revenues increased to $59.78 million in Q1 2026 from $50.50 million in Q1 2025.
- Net premiums earned rose to $55.87 million in Q1 2026, up from $43.52 million in Q1 2025.
- Loss and loss adjustment expenses significantly increased to $45.57 million in Q1 2026 from $27.18 million in Q1 2025.
- Total assets grew to $465.34 million at March 31, 2026, from $453.43 million at December 31, 2025.
- Total stockholders' equity decreased to $114.50 million at March 31, 2026, from $122.73 million at December 31, 2025.
- Net cash flows provided by operating activities were $8.71 million in Q1 2026, down from $17.86 million in Q1 2025.
Price Impact
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