Kingstone reports record Q4 & full year 2024; core DPW up 31%, combined ratio 80%

KINGSTONE COMPANIES, INC.

Net income $5.4M ($0.40 diluted EPS) in Q4 vs $2.9M ($0.26) YoY; full year net income $18.4M ($1.48) vs loss of $6.2M.
Core business direct premiums written grew 49% in Q4 to $70.2M and 31% for full year to $232.2M.
Net combined ratio improved to 78.5% in Q4 (89.5% YoY) and 80.0% for full year (105.3% YoY), driven by lower frequency, no catastrophe losses.
Company raised 2025 guidance citing favorable market conditions and disciplined underwriting.
Return on equity annualized 34.4% in Q4 and 36.3% for full year.

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