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KINS News
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Kingstone Companies Increases Quarterly Cash Dividend to 6 Cents
Kingstone Companies announced that its board of directors has approved a 20% increase in the company's quarterly cash dividend to 6c per share of common stock from 5c per share. The dividend is payable on August 26 to stockholders of record at the close of business on August 11.
Kingstone Companies Authorizes Share Repurchase of 1 Million Shares
Kingstone Companies announced that its board of directors has authorized a share repurchase program to purchase up to 1M shares of its outstanding common stock over the next two years. The company stated this authorization represents approximately 6.9% of its outstanding common stock as of March 31. "This authorization reflects the Board's confidence in the Kingstone franchise we have built and the trajectory ahead of us. Share repurchases under this program are intended to complement our investments in profitable growth and our quarterly dividend. We will continue to allocate capital with discipline, prioritizing the highest-return uses we see in our business. We remain confident in the long-term value we are creating for our shareholders," said Meryl Golden, president and CEO of Kingstone.
Kingstone Partners with ZestyAI to Launch Wildfire Risk Analytics
Kingstone Companies announced a partnership with ZestyAI to deploy property-level wildfire risk analytics as part of its planned expansion into the California homeowners market. Kingstone has integrated ZestyAI's Z-FIRE wildfire risk model among the tools used to evaluate wildfire exposure at the individual-property level and to support disciplined underwriting in catastrophe-exposed regions. "Our California entry reflects the same disciplined, data-driven approach that has driven our results in New York," said Sarah Chen, senior VP, chief actuary and head of product management. "ZestyAI's Z-FIRE model complements our Select platform by providing the property-level wildfire intelligence we need to rate and underwrite with precision in a complex and dynamic market like California."
Kingstone Reports Record Profitability for 2025
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 that we issued during the third quarter of 2025. Our direct written premium growth for the fourth quarter and full year of 2025 of 14% and 15%, respectively, coupled with our exceptional underwriting profit both for the quarter and for the full year of 2025 demonstrates the durability of the platform we have built."
Kingstone Companies appoints Randy Patten as CFO
Kingstone Companies announced the appointment of Randy Patten as CFO, effective August 25, 2025. Patten joins Kingstone Companies, Inc. from NEXT Insurance, where he played a key role in NEXT Insurance's recent acquisition by ERGO Group AG, a subsidiary of MunichRe, for $2.6 billion. At NEXT Insurance, Mr. Patten most recently served as Vice President, Chief Accounting Officer, and Treasurer. As Chief Financial Officer, Mr. Patten will lead Kingstone's finance organization and his responsibilities will span GAAP and Statutory accounting, financial planning and analysis, capital management, compliance, close coordination with the legal team for SEC filings, tax, investor relations, investments and treasury functions.
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