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Kingstone (KINS) Misses Q2 EPS by 17c

August 8, 2019 5:10 PM EDT

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.



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