Kingstone Companies Earnings Calls

Mar 31, 2025
Release date May 08, 2025
EPS estimate -
EPS actual $0.170
Revenue estimate 41.7M
Revenue actual 50.499M
Revenue Surprise 21.10%
Dec 31, 2024
Release date Mar 13, 2025
EPS estimate $0.460
EPS actual $0.460
Revenue estimate 36M
Revenue actual 42.103M
Revenue Surprise 16.95%
Sep 30, 2024
Release date Nov 12, 2024
EPS estimate $0.500
EPS actual $0.500
Revenue estimate 43.8M
Revenue actual 40.772M
Revenue Surprise -6.91%
Jun 30, 2024
Release date Aug 12, 2024
EPS estimate $0.390
EPS actual $0.390
Revenue estimate 53.5M
Revenue actual 36.502M
Revenue Surprise -31.77%

Last 4 Quarters for Kingstone Companies

Below you can see how KINS performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Jun 30, 2024
Release date Aug 12, 2024
Price on release $7.50
EPS estimate $0.390
EPS actual $0.390
Date Price
Aug 06, 2024 $7.35
Aug 07, 2024 $7.58
Aug 08, 2024 $7.08
Aug 09, 2024 $7.35
Aug 12, 2024 $7.50
Aug 13, 2024 $8.38
Aug 14, 2024 $8.33
Aug 15, 2024 $9.18
Aug 16, 2024 $10.11
4 days before 2.04%
4 days after 34.80%
On release day 11.73%
Change in period 37.55%
Sep 30, 2024
Release date Nov 12, 2024
Price on release $11.95
EPS estimate $0.500
EPS actual $0.500
Date Price
Nov 06, 2024 $11.36
Nov 07, 2024 $11.02
Nov 08, 2024 $11.59
Nov 11, 2024 $12.30
Nov 12, 2024 $11.95
Nov 13, 2024 $11.92
Nov 14, 2024 $10.80
Nov 15, 2024 $10.95
Nov 18, 2024 $12.85
4 days before 5.19%
4 days after 7.53%
On release day -0.251%
Change in period 13.12%
Dec 31, 2024
Release date Mar 13, 2025
Price on release $13.67
EPS estimate $0.460
EPS actual $0.460
Date Price
Mar 07, 2025 $14.92
Mar 10, 2025 $13.72
Mar 11, 2025 $13.89
Mar 12, 2025 $14.27
Mar 13, 2025 $13.67
Mar 14, 2025 $16.63
Mar 17, 2025 $15.46
Mar 18, 2025 $15.05
Mar 19, 2025 $15.44
4 days before -8.38%
4 days after 12.95%
On release day 21.65%
Change in period 3.49%
Mar 31, 2025
Release date May 08, 2025
Price on release $18.19
EPS estimate -
EPS actual $0.170
Date Price
May 02, 2025 $17.87
May 05, 2025 $18.32
May 06, 2025 $18.62
May 07, 2025 $18.15
May 08, 2025 $18.19
May 09, 2025 $21.67
May 12, 2025 $17.97
May 13, 2025 $17.58
May 14, 2025 $17.44
4 days before 1.79%
4 days after -4.12%
On release day 19.13%
Change in period -2.41%

Kingstone Companies Earnings Call Transcript Summary of Q1 2025

Summary of Key Points from Kingstone Companies First Quarter 2025 Earnings Call for Investors

  • Financial Performance:
    • Kingstone reported its sixth consecutive quarter of profitability.
    • Direct written premium growth was 18% overall, with a 23% increase in their core business.
    • Net income reached $3.9 million, translating to $0.27 per diluted share.
    • Operating income almost tripled from the previous year, up $1.6 million to $2.4 million.
  • Performance Drivers:
    • Growth driven by a 68% increase in new business count and a 19% higher renewal average premium.
    • The Select homeowners program showed significant improvement, with cumulative frequency decreasing for 13 consecutive quarters. Frequency for Select homeowners was 1.6%, compared to 2.3% for legacy products.
    • The non-catastrophe loss ratio increased slightly due to large fire losses, but overall property frequency remains low.
  • AmGUARD Renewal Rights Transaction:
    • A renewal rights agreement with AmGUARD, a Berkshire Hathaway subsidiary, allows Kingstone to quote new business in Downstate New York starting late third quarter.
    • Expected premium contribution from this deal is projected to be between $25 million and $35 million over 12 months.
    • This agreement is seen as a major growth opportunity and aligns with Kingstone's focus on underwriting profitability.
  • Market Conditions:
    • The company plans to capitalize on ongoing hard market conditions in Downstate New York.
    • Consolidated direct written premium growth reflects strong performance and strategic positioning despite a planned reduction in non-core business.
  • Debt Management:
    • Kingstone successfully sold its headquarters property, resulting in a $1.5 million after-tax gain.
    • The company has eliminated holding company debt, which will save over $800,000 in annual interest expense.
  • Investment Income:
    • Net investment income increased by 36% to $2 million, benefiting from higher invested cash flow and strategic portfolio positioning.
    • Kingstone invested $16 million in fixed-income securities with higher yields.
  • Future Outlook:
    • Kingstone is optimistic about continued growth and value generation for shareholders.
    • However, caution is exercised concerning the potential impacts of the AmGUARD transaction on future guidance, with updates expected in the upcoming quarters.
    • The emphasis remains on maximizing profitable growth in New York before considering expansion into other states.
  • CFO Search Update:
    • The company is actively searching for a new Chief Financial Officer after the previous CFO's departure, with interim leadership provided by the Chief Accounting Officer.

Conclusion

Overall, Kingstone Companies has demonstrated strong financial performance driven by strategic growth in their core products and a significant opportunity through the AmGUARD transaction. The company is positioned well in a challenging market and remains focused on maintaining profitability while managing debt effectively. Investors should watch for continued execution of growth strategies and updates on the results of their partnership with AmGUARD.

Kingstone Companies Earnings History

Earnings Calendar

FAQ

When is the earnings report for KINS?
Kingstone Companies (KINS) has scheduled its earnings report for Aug 11, 2025 after the markets close.

What is the KINS price-to-earnings (P/E) ratio?
KINS P/E ratio as of Jun 11, 2025 (TTM) is 9.94.

What is the KINS EPS forecast?
The forecasted EPS (Earnings Per Share) for Kingstone Companies (KINS) for the first fiscal quarter 2025 is $0.590.

What are Kingstone Companies's retained earnings?
On its balance sheet, Kingstone Companies reported retained earnings of $50.50 million for the latest quarter ending Mar 31, 2025.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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ABOUT KINGSTONE COMPANIES
Kingstone Companies, Inc., through its subsidiary, Kingstone Insurance Company, underwrites property and casualty insurance products to individuals in New York. The company offers personal line of insurance products, including homeowners and dwelling fire multi-peril, cooperative/condominiums, renters, and personal umbrella policies. It also provides for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; ...
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