KINS Misses Revenue Forecasts but Sets 18-Year Profit Record

Kingstone Companies (KINS) reported fiscal 2025 Q4 earnings on March 16, 2026, with revenue rising 34.0% to $56.42 million and net income surging 171.4% to $14.76 million. The results marked a historic quarter for profitability, though revenue fell short of the $82.7 million forecast. CEO Meryl Golden highlighted the company’s “most profitable quarter in history,” driven by 14% growth in direct premiums written to $82.8 million and annualized ROE of 51%.

Revenue

The total revenue of Kingstone Companies increased by 34.0% to $56.42 million in 2025 Q4, up from $42.10 million in 2024 Q4.

Earnings/Net Income

Kingstone Companies’s EPS rose 143.6% to $1.03 in 2025 Q4 from $0.42 in 2024 Q4, marking continued earnings growth. Meanwhile, the company’s profitability strengthened with net income of $14.76 million in 2025 Q4, marking 171.4% growth from $5.44 million in 2024 Q4. Remarkably, in 2025 Q4, the company set a new record high for fiscal Q4 net income, the highest in 18 years. The EPS and net income growth reflect exceptional underwriting performance and operational efficiency.

Price Action

The stock price of Kingstone Companies has edged up 1.89% during the latest trading day, has edged up 1.69% during the most recent full trading week, and has edged down 2.86% month-to-date.

Post-Earnings Price Action Review

Following the earnings release, the stock initially declined 5.58% amid concerns over revenue missing forecasts but has since stabilized. Analysts remain cautiously optimistic, citing strong net income growth and improved ROE.

CEO Commentary

Meryl Golden, President and Chief Executive Officer of Kingstone, stated, “Our most profitable quarter in history closed out our most profitable year in history. I’m pleased to report that our preliminary results for the full year outperformed the 2025 guidance issued during Q3. Our direct written premium growth of 14% for Q4 and 15% for the full year, coupled with exceptional underwriting profit, demonstrates the durability of the platform we have built.”

Guidance

Kingstone Companies projects FY2026 revenue of $222.4 million, with quarterly EPS guidance ranging from $0.04 to $0.87. The company anticipates further EPS acceleration due to a quota share reduction expected to boost earnings by $0.20 per share.

Additional News

Kingstone Companies announced the appointment of Randy Patten as Chief Financial Officer, effective August 25, 2025. Patten joins from NEXT Insurance, where he led its $2.6 billion acquisition by ERGO Group AG. His role will oversee GAAP and statutory reporting, enhancing financial strategy execution.