Kingstone Announces Agreement to Sell Headquarters Building with Pre-tax Gain of $1.9 MillionKINGSTON, NY / ACCESS Newswire / February 5, 2025 / Kingstone Companies, Inc. (Nasdaq:KINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, today announced that it has signed an agreement to sell its headquarters building along with an adjacent mixed-use property to Ulster County, NY. The transaction will result in an approximate pre-tax gain of $1.9 million ($1.5 million after-tax) and is expected to be recognized in the first quarter of 2025, subject to closing of the sale. Additionally, this transaction will reduce Kingstone's annual operating costs by approximately $300,000.
Kingstone CEO Year-end Letter to Stockholders: Driving Growth and Increased ProfitabilityKINGSTON, NY / ACCESSWIRE / January 8, 2025 / KiKingstone Companies, Inc. (
NASDAQKINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, today issued a Year-end Letter to Stockholders from Meryl Golden, Chief Executive Officer.
Kingstone Insurance Partners with Earnix to Improve Pricing Sophistication and Speed to MarketKINGSTON, NY / ACCESSWIRE / November 26, 2024 / Kingstone Companies, Inc. (Nasdaq:KINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, today announced that Kingstone Insurance has selected Earnix, a premier provider of mission-critical, cloud-based intelligent solutions across pricing, underwriting, rating, and product personalization, to enhance its pricing capabilities and support its strategic growth initiatives.
Kingstone Letter from the CEO: Additional Detail for 2024 and 2025 Financial GuidanceKINGSTON, NY / ACCESSWIRE / November 19, 2024 / Kingstone Companies, Inc. (Nasdaq:KINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, today issued a Letter to Shareholders from Meryl Golden, Chief Executive Officer.
Kingstone Announces Record Operating Profitability and Growth and Schedules Third Quarter 2024 Conference CallKINGSTON, NY / ACCESSWIRE / October 29, 2024 / Kingstone Companies, Inc. (
NASDAQKINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, announced today certain preliminary financial results for its third quarter and nine months ended September 30, 2024, and announced that it will hold its third quarter 2024 financial results conference call on Wednesday, November 13, 2024, at 8:30 a.m. Eastern Time. The financial results news release is expected to be issued after the market closes on Tuesday, November 12, 2024.
The MicroCap Rodeo Fall Conference to Host Executive Teams of 19 Companies on October 16th in NYCNEW YORK, NY / ACCESSWIRE / October 15, 2024 / Tomorrow, Wednesday, October 16th, the MicroCap Rodeo Fall Conference will take place in New York City, featuring executive management teams from 19 companies across a diverse range of industries. Investors will have the opportunity to explore top stock ideas for their portfolios, while also gathering insights on key value drivers and emerging trends in the MicroCap space for 2025.
Kingstone Reduces Debt By 25% and Extends Maturity to June 2026KINGSTON, NY / ACCESSWIRE / September 3, 2024 / Kingstone Companies, Inc. (
NASDAQKINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, announced today that it has entered into a new Note Exchange Agreement (the "Exchange Agreement") with its existing noteholders to refinance its outstanding 12% Senior Notes in the aggregate principal amount of $19.95 million due on December 30, 2024 (the "Existing Notes").
Kingstone Chairman Barry Goldstein Announces His RetirementKINGSTON, NY / ACCESSWIRE / August 29, 2024 / Kingstone Companies, Inc. (Nasdaq:KINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, announced today that Barry Goldstein, its long-time Chairman of the Board of Directors, will retire effective Tuesday, September 10, 2024. Thomas Newgarden, who joined the Company's board earlier this year, will become Kingstone's Non-Executive Chairman concurrent with Mr. Goldstein's departure.
Kingstone Stockholders Approve Company Proposals at Annual MeetingKINGSTON, NY / ACCESSWIRE / August 7, 2024 / Kingstone Companies, Inc. (Nasdaq:KINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, announced the results of its annual meeting of stockholders, held today at the Company's headquarters in Kingston, New York. At the meeting:
Kingstone Announces Third Consecutive Profitable Quarter as Company Turnaround Takes Hold and Schedules Second Quarter 2024 Conference CallKINGSTON, NY / ACCESSWIRE / July 29, 2024 / Kingstone Companies, Inc. (Nasdaq:KINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, announced today certain preliminary financial results for its second quarter and six months ended June 30, 2024, and announced that it will hold its second quarter 2024 financial results conference call on Tuesday, August 13, 2024, at 8:30 a.m. Eastern Time. The financial results news release is expected to be issued after the market closes on Monday, August 12, 2024.
Kingstone Announces Fourth Quarter and Full Year 2023 Financial ResultsReturns to Profitability and Achieves Combined Ratio of 89.5% in 4Q23;Issues Initial Guidance for FY2024
2024 Mid-Year Letter from the CEO: Focusing on Profitable GrowthKINGSTON, NY / ACCESSWIRE / July 22, 2024 / Kingstone Companies, Inc. (Nasdaq:KINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, today issued the following open letter to stockholders regarding changes in its market opportunity:
Kingstone Announces 2024/2025 Catastrophe Reinsurance Treaty Savings of $6 MillionKINGSTON, NY / ACCESSWIRE / June 20, 2024 / Kingstone Companies, Inc. (
NASDAQKINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, today announced that its catastrophe reinsurance program for the period July 1, 2024 through June 30, 2025 has been finalized.
Kingstone Announces Addition of Thomas Newgarden to its Board of DirectorsKINGSTON, NY / ACCESSWIRE / June 18, 2024 / Kingstone Companies, Inc. (Nasdaq:KINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, today announced the appointment of Thomas "Tom" Newgarden to its Board of Directors.
Kingstone Insurance Company Announces Agreement with ClaimTouch to Enhance Contents Claims ManagementKINGSTON, NY / ACCESSWIRE / June 12, 2024 / Kingstone Companies, Inc. (Nasdaq:KINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, today announced that it has entered into an agreement with ClaimTouch Analytics Inc. ("ClaimTouch"), a pioneering technology company, to leverage artificial intelligence ("AI"), machine learning, and big data in identifying leakage and optimizing the settlement process for content claims.
Kingstone Announces Date for 2024 Annual Meeting of StockholdersKINGSTON, NY / ACCESSWIRE / June 6, 2024 / Kingstone Companies, Inc. (Nasdaq:KINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, today announced that the 2024 Annual Meeting of Stockholders ("Annual Meeting") will be held on Wednesday, August 7, 2024, at 15 Joys Lane, Kingston, New York 12401, beginning at 9:00 a.m. ET.
Kingstone Set to Join Russell Microcap(R) IndexKINGSTON, NY / ACCESSWIRE / May 28, 2024 / Kingstone Companies, Inc. (Nasdaq:KINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, is set to join the Russell Microcap® Index at the conclusion of the 2024 Russell U.S. Indexes annual reconstitution, effective at the open of U.S. equity markets on Monday, July 1, 2024, according to a preliminary list of additions posted on Friday, May 24, 2024.
Kingstone Announces Contract Extension for Chief Executive Officer Meryl GoldenKINGSTON, NY / ACCESSWIRE / April 17, 2024 / Kingstone Companies, Inc. (
NASDAQKINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, today announced that its Board of Directors has agreed with Meryl Golden, Chief Executive Officer, to extend the term of her employment agreement another two years, through December 31, 2026. Ms. Golden's initial term was set to expire December 31, 2024.
Kingstone Announces Addition of Manmohan Singh to its Board of DirectorsKINGSTON, NY / ACCESSWIRE / April 10, 2024 / Kingstone Companies, Inc. (
NASDAQKINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, today announced the appointment of Manmohan "Manu" Singh to its Board of Directors. Mr. Singh's appointment was in accordance with the terms outlined in an agreement between the Company and certain noteholders, pursuant to which the noteholders have the right to nominate one person to serve as a member of the Company's Board of Directors.
Kingstone Insurance Company Announces Innovative Partnership Zojacks to Mitigate Water Damage RisksKINGSTON, NY / ACCESSWIRE / March 25, 2024 / Kingstone Insurance Company, a subsidiary of Kingstone Companies, Inc. (Nasdaq:KINS), a Northeast regional property and casualty insurance holding company, today announced that it has partnered with Zojacks, a pioneering technology company specializing in water leak detection solutions. The partnership aims to offer enhanced protection to Kingstone policyholders, providing a solution to assist them in protecting their homes and mitigating risks associated with burdensome water-related claims.
Kingstone Announces Certain Preliminary Fourth Quarter 2023 Results and Schedules Conference CallThe Company Expects to Report Return to Profitability in the Fourth Quarter of 2023 with Continued Material Reduction in Non-Core Policies-In-Force and No Fourth Quarter Prior-Year Loss Reserve Development
