KINS earnings analysis
What we found in KINS's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Decline vs Estimates
- Q1 2026 revenue was $55.9M, below the $58.2M estimate.
- Direct Premiums Written Growth
- Direct premiums written increased by 19.6% to $69.6M from $58.2M YoY.
- High Catastrophe Losses
- Losses from catastrophes reached $25.6M, contributing 26.0 points to the loss ratio.
- Net Investment Income Rises
- Net investment income surged to $3.34M, up 62.9% from $2.05M YoY.
- Cash Flow from Operations
- Operating cash flow was $8.7M, significantly lower than $17.9M from last year.
- Segmental Performance Improvement
- KICO's personal lines business showed a strong growth of 21.4% in premiums written.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Increased Loss Ratio
- The net loss ratio hit 81.6%, a substantial increase from 62.4% in the prior year.
- Poor EPS Performance
- Reported EPS of -$0.35 disappointed against the forecast of -$0.26.
- Escalating Catastrophe Claims
- Significant weather events in early 2026 led to exceptionally high claims and losses.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.35
- Segment
- Personal Lines
- Segment
- Livery Physical Damage
What they said about what is next.
Management reiterated guidance for growth in direct premiums.
The filing reads worse than the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing KINS makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever