10-K · March 16, 2026
Kingstone (KINS) reported material premium growth and stronger underwriting metrics in 2025: gross written premiums rose 14.8% to $277.8 million and the company strengthened its catastrophe program (top limit increased…
Earnings analysis · 10-Q
KINS earnings analysis
Filed May 8, 2026 · Our reading of the company's report
The latest report
Kins has reported Q1 2026 results reflecting total revenue of $55.9 million, which fell short of the $58.2 million consensus estimate, while a net loss per share of $0.35 exceeded expectations of a $0.26 loss. Despite a…
Read full summary
Kins has reported Q1 2026 results reflecting total revenue of $55.9 million, which fell short of the $58.2 million consensus estimate, while a net loss per share of $0.35 exceeded expectations of a $0.26 loss. Despite a significant increase in direct premiums written, the company faced considerable headwinds from catastrophe-related claims, particularly impacting their loss ratio. The management has reiterated its growth strategies, aiming for aggressive expansion into new markets.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.35
- Segment
- Personal Lines
- Segment
- Livery Physical Damage
What stood out
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Revenue Decline vs Estimates
Q1 2026 revenue was $55.9M, below the $58.2M estimate.
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Direct Premiums Written Growth
Direct premiums written increased by 19.6% to $69.6M from $58.2M YoY.
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High Catastrophe Losses
Losses from catastrophes reached $25.6M, contributing 26.0 points to the loss ratio.
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Net Investment Income Rises
Net investment income surged to $3.34M, up 62.9% from $2.05M YoY.
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Cash Flow from Operations
Operating cash flow was $8.7M, significantly lower than $17.9M from last year.
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Segmental Performance Improvement
KICO's personal lines business showed a strong growth of 21.4% in premiums written.
What to watch
-
Increased Loss Ratio
The net loss ratio hit 81.6%, a substantial increase from 62.4% in the prior year.
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Poor EPS Performance
Reported EPS of -$0.35 disappointed against the forecast of -$0.26.
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Escalating Catastrophe Claims
Significant weather events in early 2026 led to exceptionally high claims and losses.
Management's outlook
Management reiterated guidance for growth in direct premiums.
Earlier filings 4
10-Q · November 14, 2024
Kingstone reported a strong quarter with total revenues of $40.77M (Q3 2024) and net income of $6.98M versus a loss of $(3.54)M in Q3 2023, driven by higher premiums and materially lower loss & LAE. Operating margin…
10-Q · May 15, 2024
Kingstone reported Q1 2024 revenue of $35,765,177, down $862,586 (-2.4%) versus Q1 2023, but produced a profitability turnaround with net income of $1,426,679 and diluted EPS of $0.12 versus a net loss of $(5,054,710)…
10-Q · August 14, 2023
Q2 2023 results show revenue and investment income improvement but the company remains loss-making year-to-date. Total revenues rose to $36.72M (Q2) from $28.98M a year ago, and net loss narrowed to $0.522M in Q2 2023…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.