Quarterly ResultMay 7, 2026, 04:34 PM

Kingstone Q1 Diluted Net Loss $0.40/Share; Combined Ratio 112.0%

AI Summary

Kingstone Companies, Inc. reported a diluted net loss per share of $0.40 for Q1 2026, compared to a net income of $0.27 per share in Q1 2025. The GAAP net combined ratio increased to 112.0%, primarily due to eleven severe winter catastrophe events in the Northeast U.S. Despite this, net premiums earned grew 28.4% and direct premiums written increased 19.6%. The company reaffirmed its full-year 2026 guidance, highlighting an improved underlying combined ratio of 88.3% excluding catastrophe losses.

Key Highlights

Q1 2026 Diluted Net Loss Per Share: $(0.40) (vs. $0.27 income in Q1 2025).
Q1 2026 GAAP Net Combined Ratio: 112.0% (up 18.3 pts YoY).
Q1 2026 Net Premiums Earned: $55.87 million (+28.4% YoY).
Q1 2026 Direct Premiums Written: $69.60 million (+19.6% YoY).
Q1 2026 Underlying Combined Ratio: 88.3% (improved 5.1 pts YoY).
Q1 2026 Catastrophe Loss Ratio: 26.0% (up 24.3 pts YoY).
Reaffirmed FY 2026 Diluted Net Income Per Share Guidance: $2.20 to $2.90.
Reaffirmed FY 2026 Direct Premiums Written Growth Guidance: 16% to 20%.

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KINS

Property-Casualty Insurers

KINGSTONE COMPANIES, INC.

Price Impact