KINGSTONE COMPANIES, INC.

KINS

NasdaqSmall CapFinancials

13F Pro Quality Score

67.7/100

Rank #349 of 2,961 stocksTOP 25%

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Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

87.2/100

Profitability

72.6/100

Balance Sheet

81.1/100

Earnings Quality

83.9/100

Free Cash Flow

87.8/100

Institutional Flow

41.9/100

Revenue Scale

26.0/100

Dilution Risk

67.6/100

Price Chart

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What's Driving KINS's Business? Latest 10-Q Breakdown

25/25 datapoints verified

AI-extracted from the 10-Q filed 2026-08-07 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Kingstone posted its most profitable quarter ever, with Q2 FY2026 net income of $15.5M (+37.5% YoY) as net premiums earned rose 30.8% and the net combined ratio improved to 70.2%.

Biggest Revenue Drivers

Net premiums earned$60.5M+30.8% YoY

Increase in retention from reduced quota share reinsurance cession and organic premium growth

Net investment income$3.4M+49.1% YoY

Increase in invested assets and higher average yield on non-cash invested assets

Biggest Revenue Drivers

Total revenue: $65.9M+25.9% YoY

Net premiums earned$60.5M+30.8% YoY

Increase in retention from reduced quota share reinsurance cession and organic premium growth

Within Net premiums earned

Personal lines$56.9M

Livery physical damage$3.6M

Net investment income$3.4M+49.1% YoY

Increase in invested assets and higher average yield on non-cash invested assets

Ceding commission revenue$1.5M-50.2% YoY

Provisional ceding commissions fell as premiums ceded decreased under the new 2026/2027 quota share treaty

Largest Expense Items

Loss and loss adjustment expenses$23.9M+33.5% YoY

Higher frequency and severity of non-catastrophe losses, partly offset by favorable prior-year reserve development and lower catastrophe losses

Commission expense$11.6M+8.9% YoY

Driven by higher direct earned premiums, partly offset by a lower estimated contingent commission accrual

Other underwriting expenses$8.7M+12.0% YoY

Higher salaries and employment costs, underwriting fees, premium taxes, and DFS regulatory fees

Other operating expenses$1.4M+18.1% YoY

Increase in equity compensation and professional fees

Margins: The net combined ratio improved to 70.2% from 71.5% a year earlier as the underwriting expense ratio fell 2.1 points to 30.6%, even as the loss ratio rose 0.8 points to 39.6% on higher non-catastrophe loss frequency and severity.

Watch Items from the Filing

98.5% of KICO's direct premiums written in the quarter came from New York policies, up from 97.9% a year earlier, underscoring heavy single-state concentration.
Disclosure controls were deemed not effective as of June 30, 2026 due to a prior material weakness tied to missing SOC 1 reports for the premium quoting and general ledger systems, though management believes it has now remediated it.
Six-month 2026 catastrophe losses totaled $14.0 million (12.0 points of the net loss ratio) from winter storm events in January-February, versus just $1.0 million a year earlier.
The personal lines quota share reinsurance rate dropped from 16% to 5% (30% in California) under the new 2026/2027 treaty, increasing the company's retained underwriting risk.
The Board authorized a buyback of up to 1,000,000 shares through May 2028 and declared a $0.06 per share quarterly dividend, alongside geographic expansion into California and Connecticut.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →