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Kingstone Schedules 2019 Fourth Quarter and Full Year Financial Results and Conference Call
Kingstone Enters into New Personal Lines Quota Share Treaty KINGSTON, N.Y.--(BUSINESS WIRE)-- Kingstone Companies, Inc. (Nasdaq: KINS) (the “Company” or
About this update from Kingstone Companies, Inc
[{"type":"text","content":"\nKingstone Enters into New Personal Lines Quota Share Treaty\n\n KINGSTON, N.Y.--(BUSINESS WIRE)--\nKingstone Companies, Inc. (Nasdaq: KINS) (the “Company” or “Kingstone”), a Northeast regional property and casualty insurance holding company, announced today that it will hold its 2019 Fourth Quarter and Full Year 2019 financial results conference call for analysts and investors on March 12, 2020 at 8:30 a.m. Eastern Time. The earnings announcement is scheduled for release shortly after the stock markets close on Wednesday, March 11th.\n\n\nThe Company also announced that Kingstone Insurance Company (“KICO”), its wholly-owned subsidiary, finalized a new 25% personal lines quota share treaty for the period December 15, 2019 through December 31, 2020. “This new treaty enables us to reduce our catastrophe retention (from $7,500,000 to $5,625,000) and further benefits us by providing a material increase to year end 2019 statutory surplus. Reducing our premium leverage going into 2020 was one of my first goals upon returning as CEO,” said Barry Goldstein, the Company’s President, Chief Executive Officer and Chairman. The reinsurers (Swiss Re, Hannover Re and Allied World) are all long-time partners of KICO.\n\n\nThe details of the conference call and webcast are as follows:\nDate: Thursday, March 12, 2020\nTime: 8:30 a.m. Eastern Time\n\n\nAccess by conference call:\nDomestic callers: 877-407-3105\nInternational callers: 201-493-6794\nAccess by webcast:\nThe call will be simultaneously webcast over the internet and can be accessed via the following link fifteen minutes prior to the call:\n\n\nKingstone Fourth Quarter and Full Year 2019 Financial Results and Conference Call Webcast\nThe webcast will be archived and accessible for approximately 30 days.\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 multi-line carrier writing business through retail and wholesale agents and brokers. KICO offers primarily personal lines insurance products, as well as Physical Damage Only coverage to taxi, limousine, and transportation network vehicle owners in New York State. Actively writing in New York, New Jersey, Rhode Island, Massachusetts, and Connecticut, Kingstone is also licensed in...