Recent Updates — KINS
Kingstone Companies, Inc. dismissed CBIZ CPAs P.C. as its independent registered public accounting firm and engaged Deloitte & Touche LLP to audit the consolidated financial statements for the fiscal year ending December 31, 2026. The change was approved by the Audit Committee, citing Deloitte’s dedicated insurance practice and resource depth. CBIZ CPAs issued an adverse attestation report on internal controls as of December 31, 2025, due to a material weakness stemming from the lack of SOC 1 Type 2 reports for the company's insurance premium quoting platform and general ledger systems. There were no disagreements with CBIZ CPAs regarding accounting principles or auditing scope during the relevant periods. Kingstone Companies, Inc. operates in the insurance industry.
Kingstone Companies reported record second-quarter 2026 financial results with diluted net income of $1.05 per share and net premiums earned growth of 30.8% to $60.5 million. The company achieved a GAAP net combined ratio of 70.2%, driven by favorable prior-year reserve development and a negative catastrophe loss ratio. Management reaffirmed full-year 2026 guidance, projecting direct premium written growth of 16% to 20% and diluted EPS between $2.20 and $2.90. Additionally, Kingstone increased its quarterly dividend by 20% to $0.06 per share in July and announced a new share repurchase authorization for up to 1,000,000 shares. The company operates as a regional property and casualty insurance holding company specializing in homeowners insurance.
Kingstone Companies, Inc. increased its quarterly cash dividend by 20% to $0.06 per share, up from $0.05 per share. The dividend is payable on August 26, 2026, to stockholders of record as of August 11, 2026. Kingstone Companies, Inc. is a regional property and casualty insurance holding company providing homeowners insurance solutions.