Kingstone Q3 preliminary: operating income $0.55/sh, combined ratio 72%, DWP growth 28%

KINGSTONE COMPANIES, INC.

2024-Q3 EPS reported $1.05 revenue$113,039,020

Q3 GAAP combined ratio 72% (38 ppt improvement); net loss ratio 39% (40 ppt improvement).
Q3 operating income per basic share $0.55 vs $(0.27) loss; per diluted $0.50 vs $(0.27) loss.
Direct written premium growth 28% (Q3); core DWP growth 39%.
Nine-month operating income per basic share $1.07 vs $(0.89) loss; combined ratio 81% (30 ppt improvement).
Catastrophe loss & LAE $582k in Q3 (included in net loss ratio).

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