Kingstone Reports Record Quarterly Profit, Updates 2026 Guidance
Kingstone reported third-quarter net income up 62% to $17.6 million, or $1.19 per diluted share. Net premiums earned rose 30% to $62.4 million, and its GAAP net combined ratio improved 7.1 points to 65.6%.
Kingstone Companies, Inc. reported its most profitable quarter in company history for the third quarter ended September 30, 2026, with net income increasing 62% to $17.6 million, or $1.19 per diluted share. Net premiums earned grew 30% to $62.4 million, while the GAAP net combined ratio improved by 7.1 points to 65.6%. Management also updated its 2026 outlook, narrowing the diluted EPS guidance range to $2.70 to $2.90 and projecting a net combined ratio between 79% and 83%.
The company attributed the performance to premium growth, reduced quota share, and improved operational metrics.