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Kingstone Companies Inc (KINS)
NASDAQ:KINS
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.42Last Year’s EPS
$0.15Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: 37.91%
|Next Earnings Date:Mar 12, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong positive outlook with record-breaking income, strategic growth opportunities, and improved financial metrics. However, there are concerns regarding debt management and potential reinsurance cost increases, which are being addressed. Overall, the company is in a solid position to capitalize on market opportunities and improve profitability.Company Guidance
During the Q3 2024 earnings call, Kingstone Companies provided updated guidance reflecting robust business performance and strategic growth. For 2024, the company reaffirmed its expectation of core business direct written premium growth between 25% and 35%, with net premiums earned approximating $128 million. The GAAP combined ratio is projected to be between 79% and 83%, with earnings per share ranging from $1.40 to $1.70 and return on equity between 32% and 36%. Looking ahead to 2025, Kingstone anticipates core business direct written premium growth of 15% to 25%, with net premiums earned around $165 million. The GAAP combined ratio is expected to be between 82% and 86%, earnings per share between $1.60 and $2, and return on equity from 24% to 32%. These projections incorporate market changes, such as the exit of competitors in New York, and potential increases in reinsurance costs due to a hardening market.Record-Breaking Income and Premiums
The highest income ever recorded in a quarter since 2009 acquisition and record-setting premiums written. Operating margins and a 40% growth rate in core personal lines business were achieved simultaneously.
Significant Growth Opportunity
Growth driven by the exit of two competitors and a third company from the New York homeowners market. Estimated $25 million to $30 million in incremental premium and 8,000 to 10,000 new policies expected from this market dislocation.
Improved Financial Metrics
Core personal lines direct written premium up 43% year-over-year. Combined ratio improved by 38.2 points to 72% for the quarter.
Strong Select Product Performance
Select product outperforms expectations with reported frequency more than 20% lower than the legacy product, showing great risk selection.
Updated and Positive Financial Guidance
Increased guidance for 2024 and 2025 with expectations of GAAP combined ratio between 79%-83% for 2024 and earnings per share between $1.40-$1.70.
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KINS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KINS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $11.95 | $11.92 | -0.25% |
| Aug 12, 2024 | $7.50 | $8.38 | +11.73% |
| May 13, 2024 | $4.01 | $4.60 | +14.71% |
| Mar 27, 2024 | $3.89 | $4.45 | +14.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kingstone Companies Inc (KINS) report earnings?
Kingstone Companies Inc (KINS) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Kingstone Companies Inc (KINS) earnings time?
Kingstone Companies Inc (KINS) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KINS EPS forecast?
KINS EPS forecast for the fiscal quarter 2024 (Q4) is $0.42.
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