The insurer reported a 35% jump in net income per share to $1.05 and maintained its FY 2026 EPS outlook of $2.20-$2.90.
Kingstone Companies reported record Q2 2026 net income of $15.5 million, up from the prior period, driven by improved underwriting performance. Net income per diluted share rose 35% to $1.05, while the GAAP net combined ratio improved by 1.3 points.
The company reaffirmed its full-year 2026 earnings per share guidance of $2.20 to $2.90 and set a target of $500 million in direct premiums written by year-end 2029. Management highlighted the quarter as the most profitable in the company’s history.
No immediate market reaction was disclosed in the earnings call summary.