Kingstone Boosts Catastrophe Reinsurance Coverage by 57% for 2025-2026

Kingstone Companies has increased its catastrophe reinsurance coverage by 57% to $440 million for July 2025-June 2026, incorporating $125 million in multi-year protection through its first catastrophe bond. Despite this significant coverage boost, the cost of the reinsurance program rose by only 10%, now representing 12% of projected direct premiums earned. The favorable terms are expected to enhance Kingstone's diluted EPS by $0.11 in the second half of 2025, with ongoing benefits anticipated thereafter.

The expanded reinsurance program is supported by over 25 reinsurance partners, highlighting market confidence in Kingstone's underwriting and risk management capabilities. This strategic move strengthens the company's capacity for growth while maintaining strict risk controls, particularly relevant to the Northeast's exposure to severe weather events.

Kingstone's enhanced catastrophe reinsurance positions the firm to pursue profitable growth and deliver sustainable shareholder value, reflecting a disciplined approach to balancing risk and opportunity in the property insurance market.