Kingstone Companies, Inc. announced record Q4 and full year 2025 financial results, including Q4 net income of $14.8 million, diluted EPS of $1.03, net combined ratio of 64.2%, and full year net income of $40.8 million with direct premiums written growth of 14.8%. The company updated 2026 guidance projecting 16-20% direct premiums written growth and underlying combined ratio of 74-76%.
Key takeaways
Q4 2025 net income $14,760 (up 171.4% YoY), diluted EPS $1.03
Full year 2025 net income $40,767 (up 122.1% YoY), diluted EPS $2.88
Q4 direct premiums written $82,753 (up 14.1% YoY), full year $277,801 (up 14.8%)
Q4 net combined ratio 64.2% (improved 14.3 pts YoY), underlying 62.6%
2026 guidance: direct premiums written growth 16-20%, underlying combined ratio 74-76%, diluted EPS $2.20-$2.90
Q4 annualized ROE 51.3%, book value per share $8.28 (up 75% YoY)
Conference call scheduled for March 6, 2026 at 8:30 A.M. ET