08:55 AM EDT, 06/23/2025 (MT Newswires) -- Kingstone (KINS) said Monday it finalized its catastrophe reinsurance program for the July 2025 to June 2026 period, raising its coverage limit.

The company increased its reinsurance limit by 57% to $440 million, citing growth in premiums and exposure, according to Chief Executive Meryl Golden. This includes $125 million in multiyear protection from its first catastrophe bond, 1886 Re Ltd.

The total cost of the program rose by 10%, and now represents 12% of projected direct premiums earned, down from 13% in the prior year, Golden said.

Kingstone expects the lower-than-anticipated cost to "positively impact" its diluted earnings per share by $0.11 for the second half of 2025, Golden said.