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Kingstone reports 28% premium growth but Q1 loss due to severe winter storms, reaffirms 2026 guidance

Company Fundamentals
07 May 2026
GlobeNewsWire
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Neutral
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Kingstone Companies reported a 28% increase in net premiums earned and 20% growth in direct premiums written for Q1 2026, driven by strong demand in New York homeowners insurance. However, the company posted a net loss per share of $0.40 due to an elevated GAAP combined ratio of 112.0%, impacted by eleven winter catastrophe events in the Northeast U.S. Despite this, the underlying combined ratio improved to 88.3%, reflecting strong operational performance excluding catastrophes. Kingstone reaffirmed its full-year 2026 guidance, expecting continued growth and profitability, supported by strategic market expansion and disciplined underwriting.

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