Kingstone reports preliminary Q2 net income $1.2M vs prior year loss; combined ratio 93.7%

KINGSTONE COMPANIES, INC.

2024-Q2 EPS reported $0.50 revenue$72,267,292

Preliminary net income $1.2M ($0.10 diluted EPS) vs net loss $2.4M ($0.22 loss) in Q2 2023.
Gross premiums written $34.9M, up from $33.8M YoY.
Combined ratio improved to 93.7% from 106.4% YoY, driven by lower loss costs.
Net investment income $1.5M, up from $1.2M YoY.
Conference call scheduled August 13, 2024 at 8:30 AM ET.

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