Overview

* Kingstone Q2 net income rises 149.2% yr/yr, achieving record quarterly profit

* Co raises 2025 EPS guidance, reflecting strong operational performance

* Kingstone sets 5-year goal to reach $500 mln in premium, doubling company size

Outlook

* Kingstone sees 2025 Core Businessdirect premiums written growth of 15% to 20%

* Company expects 2025 net combined ratio of up 79% to 83%

* Kingstone projects 2025 diluted EPS of $1.95 to $2.35

* Company aims for $500 mln premium in five years

Result Drivers

* PREMIUM GROWTH - Core direct premiums written rose 17% due to favorable market conditions and competitive landscape

* EARNED PREMIUMS - Net earned premiums increased over 52%, driven by reduced quota share and new business from 2024

* LOSS RATIO IMPROVEMENT - Net combined ratio improved by 6.7 points due to lower catastrophe losses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.78

Q2 71.5%

Combined

Ratio

Q2 Gain $546,000

on

Investme

nts

Q2 32.7%

Underwri

ting

Expense

Ratio

Analyst Coverage

* The one available analyst rating on the shares is "strong buy"

* The average consensus recommendation for the property & casualty insurance peer group is "buy."

* Wall Street's median 12-month price target for Kingstone Companies Inc ( KINS ) is $22.00, about 30.1% above its August 6 closing price of $15.38

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)