Kingstone Companies ( (KINS) ) has provided an announcement.
Kingstone Companies, a regional property and casualty insurance firm, reports record operating profitability with a 28% growth in direct written premiums and a 39% increase in core premiums for Q3 2024. The company achieved a significant improvement in its GAAP combined ratio, down to 72%, and reduced its net loss ratio to 39%. Operating income per basic share turned positive at $0.55, marking a substantial turnaround from a loss in the previous year. Kingstone plans to discuss these results in a conference call on November 13, 2024.
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