KINGSTONE COMPANIES, INC. SEC 10-Q Report
Kingstone Companies, Inc. has released its Form 10-Q report for Q3 2025, showing significant financial growth with total revenues of $158.4 million and net income of $26.0 million. Basic EPS rose to $1.88, reflecting improved profitability. The company, primarily operating in New York through its subsidiary KICO, reported that 98.1% of its direct written premiums came from New York policies. Kingstone is monitoring potential impacts from the One Big Beautiful Bill Act but does not expect significant effects on its financial condition.
Kingstone Companies, Inc., a leading provider of personal lines and commercial auto insurance through its subsidiary Kingstone Insurance Company (KICO), has released its Form 10-Q report for the third quarter of 2025. The report highlights significant financial growth and operational stability, underscoring the company's robust market presence and strategic focus in the New York region.
Financial Highlights
- Total Revenues: $158.4 million, reflecting a significant increase from the previous year, driven by higher net premiums earned and net investment income.
- Net Income: $26.0 million, showcasing a strong performance compared to the prior year, attributed to improved underwriting results and investment gains.
- Basic EPS: $1.88, indicating a substantial growth in earnings per share, supported by increased profitability and efficient cost management.
- Diluted EPS: $1.82, demonstrating enhanced earnings per share on a diluted basis, reflecting the company's ability to generate higher returns for shareholders.
Business Highlights
- Revenue Segments: Kingstone Companies, Inc. operates primarily through its subsidiary, Kingstone Insurance Company (KICO), which writes personal lines and commercial auto insurance. The company reported that 98.1% of KICO’s direct written premiums for the nine months ended September 30, 2025, came from New York policies, highlighting the company's strong market presence in New York.
- Geographical Performance: The company continues to focus on the New York market, which remains its primary source of direct written premiums. This geographical concentration underscores the company's strategic focus and market strength in the region.
- Future Outlook: The company is evaluating the impacts of the One Big Beautiful Bill Act, which includes significant federal tax law changes. Although the company does not expect these changes to have a material impact on its results of operations or financial condition, it is monitoring the situation closely.
SEC Filing: KINGSTONE COMPANIES, INC. [ KINS ] - 10-Q - Nov. 12, 2025
