Kingstone Companies Inc

kingstonecompanies.com

What Do They Do?

Sells homeowners and other personal insurance to households, plus physical-damage coverage for livery and taxi vehicles, through retail and wholesale agents and brokers.

How Do They Make Money?

Policyholders pay premiums for one-year policies, and Kingstone earns those premiums across the coverage period. It also earns commissions on reinsurance and income and gains from investing premiums.

FY2025 revenue

Who Are Their Customers?

Homeowners, renters and other personal-lines policyholders, along with livery and taxi vehicle policyholders, buy through retail and wholesale agents and brokers; Kingstone does not sell directly to consumers.

Do Revenues Turn Into Profits?

Yes. It kept 19 cents of every revenue dollar as net income in FY2025 and turned 34 cents into free cash flow.

Operating income, FY2025

−15% of revenue

▼ −16% (Loss) vs FY2024 (−$39.3M, −25%)

Net income, FY2025

19% of revenue

▲ +122% vs FY2024 ($18.4M, 12%)

Free cash flow, FY2025

34% of revenue

▲ +31% vs FY2024 ($55.6M, 36%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +26%; vs $52.3M in Q2 FY2025
Net income: ▲ +37%; vs $11.3M in Q2 FY2025

Aug 24, 2026 Approved Deloitte as auditor and dismissed CBIZ CPAs The prior auditor also issued an adverse internal-control attestation citing a material weakness.
Aug 6, 2026 Reaffirmed full-year 2026 guidance The outlook includes diluted net income per share of $2.20 to $2.90.

Growing. Revenue grew 33% in 4 years, from $161.2M in FY2021 to $214.9M in FY2025, about 7% a year.

Narrower territory Kingstone previously wrote in New York, New Jersey, Rhode Island, Massachusetts and Connecticut; the latest report describes active writing in New York and says it withdrew from New Jersey and reduced its business in other Northeast markets.

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