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.