Kingstone Companies, Inc.

Kingstone Companies, Inc. ( KINS ) Q3 2026 Earnings Call November 6, 2026 8:30 AM EST Company Participants Stefan Norbom Meryl Golden - President, CEO & Director Randy Patten - VP, Chief Financial Officer & Treasurer Conference Call Participants Robert Edward Farnam - Brean Capital, LLC, Research Division Jon Paul Newsome - Piper Sandler & Co., Research Division Gabriel McClure Presentation Operator Good morning, and welcome to Kingstone Companies' Third Quarter 2026 Earnings Conference Call. As a reminder, today's conference is being recorded.

Kingstone Companies NASDAQ: KINS reported a second consecutive record quarter for net income and earnings per share, as stronger underwriting and premium growth helped offset higher catastrophe losses.

Most Profitable Quarter in Company History  Diluted Net Income Per Share of $1.19 | Annualized Return on Equity of 53% Net Premiums Earned Growth of 30% | Direct Premiums Written Growth 1 of 14.5% GAAP Net Combined Ratio of 65.6% Company Updates 2026 Outlook; Raises and Narrows Diluted EPS Guidance to $2.70 to $2.90 Management to Host Conference Call Tomorrow at 8:30 a.m. Eastern Time KINGSTON, N.Y.

New York City continues to be the growth engine for Kingstone Company. The firm shows topline growth that exceeds industry peers, but growth does pass through to the bottom line. In the attempt to improve profitability, management has decided to reduce quota-share cession and instead hedge massive catastrophe losses with catastrophe reinsurance. This move has improved the last quarter's EBIT margin to 29%, ahead of the sector margin of 24%. Trailing margins are still lagging but soon expected to recover.