Kingstone Companies Stock Earnings Reports
Kingstone Companies Earnings Calls
Release date | May 08, 2025 |
EPS estimate | - |
EPS actual | $0.170 |
Revenue estimate | 41.7M |
Revenue actual | 50.499M |
Revenue Surprise | 21.10% |
Release date | Mar 13, 2025 |
EPS estimate | $0.460 |
EPS actual | $0.460 |
Revenue estimate | 36M |
Revenue actual | 42.103M |
Revenue Surprise | 16.95% |
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% |
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.
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% |
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% |
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% |
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.