Revenue: As of FY2025 Q3, the actual value is USD 55.65 M.EPS: As of FY2025 Q3, the actual value is USD 0.74, beating the estimate of USD 0.71.EBIT: As of FY2025 Q3, the actual value is USD 13.78 M.<h3>Segment Revenue</h3><ul><li>Direct Premiums Written: Increased by 13.8% to $75.8 million for the quarter ended September 30, 2025, compared to $66.6 million in the same period in 2024. For the nine months ended September 30, 2025, direct premiums written increased by 15.1% to $195.0 million from $169.4 million in 2024.</li></ul><h3>Operational Metrics</h3><ul><li>Net Income: Increased by 55.8% to $10.9 million for the quarter ended September 30, 2025, compared to $7.0 million in the same period in 2024. For the nine months ended September 30, 2025, net income increased by 101.3% to $26.0 million from $12.9 million in 2024.</li><li>Net Combined Ratio: Slightly increased to 72.7% for the quarter ended September 30, 2025, from 72.0% in the same period in 2024. For the nine months ended September 30, 2025, the net combined ratio improved to 79.0% from 80.7% in 2024.</li><li>Adjusted EBITDA: Increased by 40.6% to $14.7 million for the quarter ended September 30, 2025, compared to $10.4 million in the same period in 2024. For the nine months ended September 30, 2025, adjusted EBITDA increased by 58.9% to $33.7 million from $21.2 million in 2024.</li><li>Net Investment Income: Increased by 51.5% to $2.5 million for the quarter ended September 30, 2025, compared to $1.65 million in the same period in 2024. For the nine months ended September 30, 2025, net investment income increased by 39.3% to $6.85 million from $4.92 million in 2024.</li></ul><h3>Unique Metrics</h3><ul><li>Net Premiums Earned: Increased by 43.5% to $47.9 million for the quarter ended September 30, 2025, compared to $33.4 million in the same period in 2024. For the nine months ended September 30, 2025, net premiums earned increased by 48.8% to $137.7 million from $92.5 million in 2024.</li><li>Net Loss Ratio Excluding Catastrophes: Increased by 6.8 percentage points to 44.1% for the quarter ended September 30, 2025, compared to 37.3% in the same period in 2024. For the nine months ended September 30, 2025, this ratio increased by 1.3 percentage points to 47.4% from 46.1% in 2024.</li></ul><h3>Outlook / Guidance</h3><ul><li>Kingstone Companies, Inc. affirmed its growth guidance and raised its profitability outlook for fiscal year 2025, with anticipated net premiums earned of approximately $187 million. The guidance for direct premiums written growth is 12% to 17%, and the net combined ratio is expected to be between 78% to 82%. The net income per share is projected to be between $2.30 to $2.70 for basic and $2.20 to $2.60 for diluted.</li></ul>

Kingstone | 8-K: FY2025 Q3 Revenue: USD 55.65 M