KINGSTONE COMPANIES, INC. (KINS) Form 10-Q — Aug 7, 2026

$KINSForm 10-QFiled Aug 7, 2026, 9:15 AM ET0000033992-26-000037Original filing

Kingstone Companies (KINS) reported Q2 2026 net income of $15.5 million, up 37% from $11.3 million a year earlier, with diluted EPS of $1.05 versus $0.78. Net premiums earned rose roughly 31% to $60.5 million and the Q2 net combined ratio improved to 70.2% from 71.5%. Growth momentum continued in the first half: direct premiums written climbed 19.2% to $142.1 million while policies in force grew 9.9% to 84,570. The company began writing California homeowners coverage on a non-admitted basis in June 2026, and subsidiary Kingstone America Insurance Company was licensed in Connecticut on May 1, 2026 with writing expected to start in the second half.

Key figures

Eps: Q2 2026 diluted: $1.05 (vs $0.78); six months diluted: $0.66 (vs $1.07)
Revenue: Q2 2026 total revenues: $65,853,546 (vs $52,294,779); six months: $125,629,282 (vs $102,793,554)
Net Income: Q2 2026: $15,470,171 (vs $11,252,332); six months: $9,661,921 (vs $15,134,992)
Total Debt: 3801148
Total Assets: 477933872
Cash Position: 16924856
Shares Outstanding: 14476133
New Revolver: $5,000,000 unsecured with Citizens Bank (July 1, 2026), SOFR/ABR + 2.5%, maturity July 1, 2028
Net Loss Ratio6 M: 59.7% vs 50.3% (6M 2025)
Policies In Force: 84,570 at June 30, 2026, +9.9% YoY
Dividend Per Share: $0.05 declared/paid in Q2; $0.06 quarterly dividend declared July 23, 2026 (payable August 26, 2026)
Net Combined Ratio6 M: 90.2% vs 82.3% (6M 2025)
Net Combined Ratio Q2: 70.2% vs 71.5% (Q2 2025)
Net Premiums Earned Q2: $60,467,477 vs $46,215,260 (+30.8%)
Atm Remaining Capacity: $15,945,937
Buyback Authorization: Up to 1,000,000 shares over two years (authorized May 19, 2026); 19,446 shares repurchased for $291,833 as of June 30, 2026
Ny Premium Concentration: 98.5% of Q2 direct premiums written from New York policies
Direct Premiums Written6 M: $142.1M, +19.2% YoY
Direct Premiums Written Q2: $72.5M, +18.7% YoY
Total Stockholders Equity: 129159460

Price after filing

1 day: -6.6%7 days: -3.4%30 days: -2.1%

Close on the filing date to close N calendar days later (from $20.38). Historical, not a forecast.

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