Kingstone Companies Reports Record Financial Growth for Q4 and FY 2025
Kingstone Companies, Inc., a prominent property and casualty insurance holding company, has announced its preliminary results for the fourth quarter and fiscal year 2025, showcasing remarkable financial growth. The company's net income per diluted share rose sharply to approximately $0.98-$1.03 for the quarter, marking a 145-158% increase. Over the full year, net income saw an 89-95% rise, estimated at $2.80-$2.88 per share, underscoring its robust financial performance.
In Q4 2025, Kingstone experienced a 14% boost in direct premiums written, totaling $83 million, up from $73 million in the previous year. Annually, direct premiums ascended by 15% to $278 million, compared to $242 million in 2024, indicating strong market presence. The net premiums written surged by 27% in Q4 to $69 million and grew by 39% annually, reaching $214 million. This significant growth reflects Kingstone's strategic prowess in underwriting and risk management within the insurance industry.
The insurer reported a 37% increase in net premiums earned in the fourth quarter, reaching $49 million, and a 46% rise for the year, totaling $187 million. Kingstone's GAAP net combined ratio improved notably, ranging from 64-66% in Q4 2025, better than the previous year's 79%. For the full year, the ratio was between 75-77%, compared to 80% in 2024, demonstrating enhanced efficiency and effective claims management.
Meryl Golden, Kingstone’s President and CEO, praised the company's exceptional financial results, highlighting that both quarterly and yearly figures exceeded their 2025 forecasts. "Our direct written premium growth and exceptional underwriting profit demonstrate the durability of the platform we have built," Golden stated, emphasizing the firm's commitment to the Downstate New York market. Kingstone's strategic focus on profitable growth and cautious market expansion aims for $500 million in premiums by 2029, with further insights to be shared on the upcoming earnings call.