sur Kingstone Companies, Inc (NASDAQ:KINS)
Kingstone Finalizes 2025/2026 Catastrophe Reinsurance Program
Kingstone Companies, Inc. has announced the completion of its catastrophe reinsurance program for the July 2025 to June 2026 period. The program sees a 57% increase in reinsurance limits to $440 million, supported in part by a $125 million catastrophe bond issued by 1886 Re Ltd.
CEO Meryl Golden highlighted the favorable economic terms achieved, noting only a 10% increase in overall costs. This positions catastrophe program costs at 12% of projected direct premiums, a decrease from the previous year. The financial benefits are expected to positively impact diluted EPS by $0.11 for the initial six months.
The program features collaboration with over 25 reinsurers, demonstrating strong industry support. This strategic positioning aims to sustain Kingstone’s growth and shareholder value.
R. E.
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