earnings
confidence high
sentiment positive
materiality 0.75
Kingstone Q1 net income up 172% to $3.9M; core premiums grew 23%
KINGSTONE COMPANIES, INC.
2025-Q1 EPS reported
$0.27
revenue$50,498,775
- Net income of $3.9M ($0.29 basic EPS) vs $1.4M in Q1 2024; ROE annualized 20.8%.
- Core business direct premiums written $57.2M, up 22.7% YoY; net combined ratio 93.7%.
- Catastrophe losses 3.5 ppt lower YoY due to mild winter; higher fire loss severity offset.
- Sixth consecutive quarter of profitability; full-year 2025 guidance reaffirmed.
- CEO cites favorable competitive landscape in Downstate NY driving new business growth.