Kingstone (KINS) Misses Q2 EPS by 17c
Get Alerts KINS Hot Sheet
Join SI Premium – FREE
Kingstone (NASDAQ: KINS) reported Q2 EPS of $0.15, $0.17 worse than the analyst estimate of $0.32.
- Direct written premiums1 increased 21.6%; personal lines grew by 28.3%
- Net premiums earned increased 29.4% to $31.2 million
- Net investment income increased 10.4% to $1.7 million
- Second quarter 2019 net catastrophe losses, including associated loss adjustment expenses, are $1.4 million compared to $0.2 million
- Net loss ratio – all lines of 56.6% compared to 46.4%
- Net loss ratio excluding Commercial Lines1 of 50.5% compared to 50.2%
- Net combined ratio of 94.1% compared to 84.2%. Net combined ratio excluding effect of catastrophe losses1 of 89.5% compared to 82.9%
- Net income of $1.6 million or $0.15 per diluted share including an unrealized gain in value of equity securities and other investments of $0.63 million or $.05 per diluted share, net of tax
- Net operating income1 decreased to $1.1 million or $0.10 per diluted share
- Return on average common equity (annualized) of 7.6%
- Operating return on average common equity1 (annualized) of 5.1% down from 12.9%
For earnings history and earnings-related data on Kingstone (KINS) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- 2 reasons why Tesla stock fell on Thursday
- Achieve Life Sciences (ACHV) Tops Q4 EPS by 5c
- Can-Fite BioPharma (CANF) Reports FY23 Results, Issues Clinical Update
Create E-mail Alert Related Categories
EarningsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!