[Form 8-K Current Report](index=1&type=section&id=Form%208-K%20Current%20Report) Kingstone Companies, Inc. filed this Form 8-K on July 17, 2025, to announce the dates for its Q2 2025 earnings release, investor call, and annual stockholders' meeting[2](index=2&type=chunk)[3](index=3&type=chunk) [Item 2.02 Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) Kingstone Companies, Inc. announces Q2 financial results, investor call, and annual meeting schedule, clarifying information is furnished, not filed Upcoming Corporate Events Schedule | Event | Date | Time (ET) | Notes | | :--- | :--- | :--- | :--- | | **Q2 Financial Results Release** | August 7, 2025 | After stock market close | News release to be issued | | **Investor & Analyst Conference Call** | August 8, 2025 | 8:30 A.M. | To discuss Q2 results | | **Annual Meeting of Stockholders** | August 6, 2025 | 9:00 A.M. | Virtual format | - The information furnished under this item, including Exhibit 99.1, is not to be deemed "filed" for purposes of Section 18 of the Exchange Act, nor will it be incorporated by reference into other filings unless explicitly stated[4](index=4&type=chunk) [Item 7.01 Regulation FD Disclosure](index=2&type=section&id=Item%207.01%20Regulation%20FD%20Disclosure) This section reiterates that the press release information is furnished under Regulation FD, not filed, and does not imply materiality - The information provided in the press release is furnished under Regulation FD and is not incorporated by reference into any registration statement unless specifically identified[6](index=6&type=chunk) - The company states that furnishing the press release information is not an admission that the information is material or complete for investment decisions[6](index=6&type=chunk) [Item 9.01 Financial Statements and Exhibits](index=2&type=section&id=Item%209.01.%20Financial%20Statements%20and%20Exhibits.) This section lists the exhibits accompanying the Form 8-K filing, primarily the press release detailing corporate event dates List of Exhibits | Exhibit No. | Description | | :--- | :--- | | 99.1 | Press release, dated July 17, 2025, issued by Kingstone Companies, Inc. | | 104 | Cover Page Interactive Data File (embedded within the inline XBRL document) |

Group 1 - The Zacks Rank system focuses on earnings estimates and revisions to identify winning stocks, while also considering trends in value, growth, and momentum [1] - Value investing is a popular strategy that aims to find undervalued companies using fundamental analysis and metrics [2] - Kingstone Companies (KINS) is highlighted as a stock to watch, currently holding a Zacks Rank 2 (Buy) and a Value grade of A [3] Group 2 - KINS has a Price-to-Sales (P/S) ratio of 1.19, which is lower than the industry average of 1.26, indicating potential undervaluation [4] - The Price-to-Cash Flow (P/CF) ratio for KINS is 8.86, compared to the industry's average of 10.59, suggesting an attractive valuation based on cash flow [5] - KINS's P/CF has fluctuated between 5.82 and 16.42 over the past 12 months, with a median of 9.92, reinforcing the notion of undervaluation [5][6]

Core Insights - Kingstone Companies Inc. (KINS) has significantly increased its catastrophe reinsurance limit by 57%, from $160 million to $440 million for the 2025/2026 period, which is crucial for its business strategy in the storm-exposed Northeast [1][8] - The cost of this expanded protection has only risen by 10%, resulting in catastrophe cover costs being 12% of projected direct premiums, down from 13% in the previous treaty period, positively impacting the bottom line by 11 cents in the second half of 2025 [2][8] - Reinsurance is not merely a risk mitigation tool for KINS but a core driver of its growth strategy, allowing the company to yield about 25% of its personal lines' premiums and improve its combined ratio, which supports its credit profile and capital efficiency [3][4] Reinsurance Strategy - A well-structured reinsurance program, along with sound underwriting and diversification, is essential for KINS to maintain a profitable and resilient portfolio, stabilizing earnings and unlocking growth opportunities despite challenging pricing conditions in the Northeast [4] - KINS' ability to secure favorable reinsurance terms reflects disciplined risk management, positioning the company for improved return on equity performance in the future [4] Competitive Landscape - KINS competes closely with Heritage Insurance Group (HRTG) and Kinsale Capital Group (KNSL), both of which also emphasize strong reinsurance programs and sound underwriting practices to maintain profitability [5][6] - Heritage is well-positioned to pursue higher-margin excess and surplus niches due to reduced volatility and available capital [5] - Kinsale Capital enhances its underwriting capacity through a prudent reinsurance strategy, which supports its ability to deliver consistent returns [6] Financial Performance - KINS shares have gained 0.4% year to date, underperforming the industry average [7] - The company trades at a price-to-book value ratio of 2.59, above the industry average of 1.55, but holds a Value Score of A, indicating strong fundamentals [10] - The Zacks Consensus Estimate for KINS' earnings for 2025 and 2026 has remained stable, with expectations for year-over-year revenue and EPS increases, supported by a Growth Score of A [11][12]

Core Insights - Kingstone Companies, Inc. (KINS) has shown significant growth in policies-in-force (PIF), with personal lines now constituting 96% of total PIF, up from 88% a year ago [1][8] - The exit of major insurers from the New York personal lines market in 2024 allowed KINS to capture a substantial share, writing over 6,000 new policies and adding $23 million in premium volume in the latter half of 2024 [2][8] - KINS anticipates a premium growth of 15-25% in its core segment for 2025, supported by newly onboarded policies that adhere to tightened underwriting standards [3][8] Company Strategy - KINS has strategically exited underperforming and non-core areas, allowing for a more focused allocation of underwriting resources, which has resulted in a nearly 19% year-over-year increase in renewal premiums in Q1 2025 [4] - The disciplined growth strategy has led to six consecutive profitable quarters and improved combined ratios, indicating a commitment to stable, high-margin growth [4] Competitive Landscape - KINS competes closely with Kinsale Capital Group (KNSL) and Heritage Insurance Group (HRTG), both of which also emphasize disciplined underwriting and targeted market expansion [5][6] - Kinsale's growth is driven by its expanding presence in the excess and surplus insurance market, while Heritage has focused on higher-margin segments, enhancing its underwriting results [5][6] Financial Performance - KINS shares have underperformed the industry, losing 2.5% year to date [7] - The company trades at a price-to-book value ratio of 2.46, above the industry average of 1.55, but holds a Value Score of A [9] - Consensus estimates for KINS' 2025 and 2026 revenues and EPS indicate year-over-year increases, with a Growth Score of A [10][11]

Core Insights - Kingstone Companies (KINS) shares have declined 2.7% year-to-date, underperforming the industry increase of 6.6% and trading at a discount to its 52-week high [1][8] - The company is the 12th largest homeowner insurer in New York with a market share of 2.1% and a market capitalization of $210 million [3] - KINS shares are trading at a premium to the industry with a price-to-book value of 2.45X compared to the industry average of 1.56X [6] Financial Performance - The 2025 EPS outlook is projected between $1.75 and $2.15, reflecting growth driven by rising premiums and strict underwriting [8][10] - The Zacks Consensus Estimate for 2025 earnings is $1.90, indicating a 31% increase on revenues of $214 million, with 2026 earnings expected to be $2.45, a 29% increase on revenues of $238.4 million [10] - Kingstone returned to profitability in 2024 with a projected combined ratio of 81%-85% in 2025, showing significant improvement in net margins [15] Market Position and Strategy - Kingstone is positioned to benefit from favorable industry trends, particularly with the Northeastern U.S. commercial insurance market expected to grow by 12.3% through 2025 [12] - The company is executing a focused growth strategy by concentrating on its core business and divesting from non-core segments [13] - Kingstone has realigned its pricing strategy in response to inflation, projecting a 15% to 25% increase in direct written premiums for its core business in 2025 [14] Efficiency and Returns - The return on equity (ROE) for Kingstone in the trailing 12 months was 31.9%, significantly higher than the industry average of 7.8% [16] - The return on invested capital (ROIC) was 29.4%, also above the industry average of 5.9%, indicating effective utilization of funds [18] Growth Potential - Kingstone's focus on improving pricing, combined ratio, and expanding margins is expected to drive strong earnings growth [19] - The average target price for KINS shares is $19, reflecting a 26.7% upside potential from its last closing price [19]

Group 1 - Kingstone Companies, Inc. (NASDAQ: KINS) is a small property and casualty insurer with a long history in New York [1] - The company has been relatively quiet for many years, but the stock has shown interest from investors [1] Group 2 - The company is characterized by growth in revenue, earnings, and free cash flow, which are important investment criteria [1] - Kingstone Companies has excellent growth prospects and favorable valuations, making it an attractive option for investors [1]

Core Insights - Kingstone Companies, Inc. (KINS) is experiencing growth primarily through its personal lines business, with homeowners insurance being a significant revenue contributor [1] - The commercial insurance market in the Northeastern U.S. is projected to grow by 12.3% through 2025, positioning Kingstone favorably to expand its market share as competitors withdraw from the personal property insurance sector [1] Strategic Actions - To enhance growth and profitability in personal lines, Kingstone has implemented strategic measures such as repricing its portfolio, exiting underperforming markets, and reinforcing underwriting discipline [2] - The company has adopted selective reinsurance arrangements and risk transfer strategies to improve capital efficiency and stabilize earnings [2] Digital Transformation - Kingstone is investing in digital capabilities to streamline operations and enhance customer experience, including digital quoting tools and data analytics for better pricing precision [3] - Partnerships with Kyber Technologies and Insurity aim to integrate AI into claims management, focusing on long-term cost reduction and improved customer retention [3] Market Positioning - Despite ongoing macroeconomic pressures and weather-related risks, Kingstone is concentrating on its personal lines business as a key growth strategy [4] - Kingstone presents a compelling investment opportunity for those interested in regional insurance turnaround plays [4] Competitive Landscape - KINS competes with Kinsale Capital Group (KNSL) and Heritage Insurance Group (HRTG), both of which are expanding their personal lines businesses [5][6] - Kinsale is diversifying beyond core commercial lines, while Heritage is optimizing rates and leveraging underwriting expertise to manage risk [5][6] Financial Performance - KINS shares have decreased by 0.3% year-to-date, underperforming the industry [7] - The company is refining pricing, reinsurance, and risk selection in its personal lines business, with digital tools and AI expected to lower costs and enhance customer retention [8] Valuation Metrics - KINS has a price-to-book value ratio of 2.52, which is above the industry average of 1.56, but it holds a Value Score of A [10] - Consensus estimates for KINS' 2025 and 2026 revenues and EPS indicate year-over-year growth, with no recent revisions [12][13]

Core Insights - Kingstone Companies, Inc. (KINS) has returned to profitability in 2024 after three consecutive years of losses, with a net margin improvement of 1610 basis points last year and 1210 basis points in Q1 2025 [1][2] Group 1: Financial Performance - The company's cash and cash equivalents improved by 30.7% at the end of the first quarter, while its debt balance decreased by 52%, indicating a solid financial position [5] - KINS shares have gained 3.6% year to date, although this performance is below the industry average [9] - KINS trades at a price-to-book value ratio of 2.63, which is above the industry average of 1.61, but it holds a Value Score of A [10] Group 2: Strategic Initiatives - KINS has focused on strengthening its core operations and exiting underperforming segments, which has been crucial for margin improvement [2] - Continued investment in technology, including automation and AI tools, has enhanced operational efficiency and reduced costs [4] - The company is shifting to the WaterStreet Platform and forming alliances with Kyber Technologies and Earnix to advance its digital transformation [4] Group 3: Market Position and Competitors - The commercial insurance market in the Northeastern U.S. is projected to grow by 12.3% through 2025, positioning KINS to capitalize on market shifts due to competitors withdrawing from the personal property insurance segment [3] - KINS competes closely with Kinsale Capital Group (KNSL) and United Fire Group, Inc. (UFCS), both of which have shown margin improvement [6] - Kinsale Capital focuses on the U.S. excess and surplus lines market, while UFCS benefits from selective risk-taking and technology investments to optimize operations [7][8] Group 4: Earnings Estimates - The Zacks Consensus Estimate for KINS' 2025 and 2026 earnings has remained unchanged over the last 30 days, with projected earnings of 1.90 for 2025 and 2.45 for 2026 [11][12] - Despite no movement in estimates, the company has a Growth Score of A, indicating potential for year-over-year revenue and EPS increases [12]

Industry Overview - The property and casualty insurance industry is projected to grow despite an increase in catastrophic events, driven by personalized products and digital innovation [1] - Higher premium volumes from solid policyholder retention, broader exposure, and favorable pricing are sustaining profitability for insurers [1] Kingstone Companies (KINS) - KINS is the 12th largest homeowner insurer in New York with a 2.1% market share in 2024, positioned to expand as the Northeastern U.S. commercial insurance market is expected to grow by 12.3% through 2025 [3] - The company is focusing on core operations and exiting underperforming segments while adhering to disciplined underwriting practices [4] - KINS has raised prices ahead of inflation, expecting direct written premiums from its core business to grow between 15% and 25% in 2025 [5] - The company aims to lower its net underwriting expense ratio, projecting an improved combined ratio of 81% to 85% in 2025 [6] - KINS has shown continuous improvement in net margin, expanding by 2560 basis points over the last two years, with a return on equity of 31.9%, significantly above the industry average of 7.8% [7] United Fire Group, Inc. (UFCS) - UFCS offers a diverse range of products and has a strong presence in the Midwestern U.S., though it faces geographic concentration risks [8] - The company is finalizing a new policy administration system to enhance efficiency and product management, with full implementation expected across various business units [9] - Core commercial new business production is growing, driven by prudent pricing and risk selection [10] - UFCS is experiencing continuous improvement in net margin, which expanded by 640 basis points in the last two years, with a return on equity of 9%, also above the industry average [12][11] Financial Estimates - The Zacks Consensus Estimate for KINS' 2025 revenues and EPS indicates a year-over-year increase of 31% and 37.9%, respectively [13] - For UFCS, the 2025 revenue estimate implies a 6.7% increase, while EPS indicates a 2.4% decline, although EPS estimates have improved recently [14] Valuation - KINS is trading at a price-to-book multiple of 2.68, above its five-year median of 0.82, while UFCS's price-to-book multiple is at 0.88, slightly above its median of 0.81 [15] - UFCS is considered more affordable than KINS, with both stocks carrying a Value Score of A [16] Conclusion - KINS is strategically positioned to tap into a market opportunity exceeding $200 million, focusing on core business expansion and improving pricing efficiency [17] - UFCS is viewed as a value opportunity with a diversified portfolio and steady premium growth, appealing to investors seeking stable, dividend-paying regional insurers [18]

Group 1 - The article focuses on the 1Q25 results of Kingstone Companies, a small-cap insurance provider based in New York [1] - It emphasizes the need for a detailed look at Kingstone's business through additional research [1] - The author expresses a personal beneficial long position in Kingstone shares, indicating confidence in the company's performance [1] Group 2 - The article serves as a follow-up, suggesting that previous discussions or analyses may have taken place regarding Kingstone Companies [1] - The platform is used for idea exchange and gathering different perspectives on micro and small-cap stocks [1]