Kingstone Companies, Inc. Reports Q1 2024 Preliminary Results and Schedules Earnings Call

KINGSTON, NY - Kingstone Companies, Inc. (Nasdaq:KINS), a regional property and casualty insurance company, today disclosed preliminary financial outcomes for the first quarter ended March 31, 2024. Kingstone has announced its conference call for the first quarter results to be held on May 14, 2024. The company will release the financial results after market close on May 13, 2024.

Compared to the first quarter of 2023, Kingstone's net premiums earned rose by 2.0% to $28.8 million. This growth stems mainly from the company's core operations in New York, despite decreasing premiums from non-core businesses, which declined by 49% to $2.3 million. Furthermore, the company reduced non-core policies-in-force by 52%. Additionally, Kingstone reported an improved consolidated GAAP combined ratio of 93.6%, and a catastrophe loss ratio decrease of 8.0 percentage points to 5.2%.

Kingstone's upcoming conference call will be accessible both via phone and a webcast on the Company's website in the "Events & Presentations" section. Both U.S. and international phone numbers are available for participants, who are advised to join the call ten minutes prior to the start.