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Kingstone Announces Estimated First Quarter 2023 Catastrophe Losses
KINGSTON, N.Y.--(BUSINESS WIRE)-- Kingstone Companies, Inc. (Nasdaq: KINS) (the “Company” or “Kingstone”), a Northeast regional property and casualty
About this update from Kingstone Companies, Inc
[{"type":"text","content":" KINGSTON, N.Y.--(BUSINESS WIRE)--\nKingstone Companies, Inc. (Nasdaq: KINS) (the “Company” or “Kingstone”), a Northeast regional property and casualty insurance holding company, today announced that Kingstone Insurance Company, its wholly-owned subsidiary, estimates net pre-tax catastrophe losses for the first quarter of 2023 of $3.72 million ($2.96 million after-tax). Catastrophe losses for the quarter resulted from two events.\n\n\nAs previously announced, Kingstone will hold its 2023 First Quarter financial results conference call for analysts and investors on Friday, May 12, 2023 at 8:30 a.m. Eastern Time. The earnings announcement is scheduled for release shortly after the stock markets close on Thursday, May 11th.\n\n\nFinancial information, including material announcements about Kingstone Companies, is routinely posted on www.kingstonecompanies.com.\n\n\nAbout Kingstone Companies, Inc.\n\n\nKingstone is a northeast regional property and casualty insurance holding company whose principal operating subsidiary is Kingstone Insurance Company (“KICO”). KICO is a New York domiciled carrier writing business through retail and wholesale agents and brokers. KICO offers primarily personal lines insurance products in New York, New Jersey, Rhode Island, Massachusetts, and Connecticut. Kingstone is also licensed in Pennsylvania, New Hampshire and Maine.\n\n\nForward-Looking Statements\n\n\nStatements in this press release may contain \"forward-looking statements\" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. These statements involve risks and uncertainties that could cause actual results to differ materially from those included in forward-looking statements due to a variety of factors. For more details on factors that could affect expectations, see Part I, Item 1A (“Risk Factors”) of our Annual Report on Form 10-K for the year ended December 31, 2022 filed with the Securities and Exchange Commission. These risks and uncertainties include, without limitation, the following:\n\n\n\nAs a property and casualty insurer, we may face significant losses from catastrophes and severe weather events...