Kingstone Companies, Inc · NASDAQ:KINS
Kingstone Companies — 26th Annual Wall Street Institutional Investor Conference (March 2018)
15 slides from Kingstone Companies's conference presentation, Mar 22, 2018
Slide 1: Presentation at The 26th Annual Wall Street Institutional Investor Conference
Presentation at The 26" Annual Wall Street Institutional Investor Conference Mr. Barry Goldstein, CEO Ms. Amanda Goldstein, Investor Relations Director
Slide 2: Forward Looking Statements
Forward Looking Statements This document contains forward-looking statements and management may make additional forward looking statements in response to your questions. Forward-looking statements include statements regarding the intent, belief or current expectations of the Company and its manageme
Slide 3: Kingstone — Who are we?
Kingstone — Who are we? A 131 year old New York domiciled P & C carrier demutualized in 2009 «= Multi-line provider of personal and commercial lines = AM Best Rated “A- Excellent” * Focused on the needs of the smaller independent agencies * Currently writing business in New York, New Jersey, Rhode I
Slide 4: Kingstone's CEO — Barry Goldstein
Kingstone’s CEO — Barry Goldstein » — KINS Chairman and CEO for 17 years = Kingstone Insurance Company Chairman for 12 years = Former Kingstone Insurance Company CEO = Stepped down March 15, 2018 * Held position for 6 years =» Company’s Largest Shareholder GSTONE
Slide 5: Experienced Management Team — Aligned with Shareholders
Experienced Management Team — Aligned with Shareholders Barry Goldstein Dale Thatcher Benjamin Walden Victor Brodsky eae Chief Operating Officer President - Kingstone Insurance Company Executive Vice President Chief Actuary - Kingstone Insurance Chairman, President & Chief Executive Officer Chief Fi
Slide 6: The Kingstone Financial History-The Past Five Years
The Kingstone Financial History-The Past Five Years Key Financial Metrics 2013 2014 2016 2017 Combined Ratio inclusive of 88.6% 77.1% 80.0% 79.2% 80.6% all weather events Gross Premium Written 22.8% 26.1% 23.9%!) 13.4% 17.8% Growth Rate Pre-Tax Earnings Book Value per Share Dividends per Share (1)Am
Slide 7: Where are we now?
Where are we now? | : ) | Outstanding Shares as of March 14, 2018 Rolling Latest Twelve Months EPS — | Trailing 12 Month Return on Average Equity 13.2%
Slide 8: Common Stock and Debt Offerings - Past Five Years
Common Stock and Debt Offerings - Past Five Years December 2013 3,450,000 $5.95 | Underwritten Public Offering Sandler O’Neill + Partners, L.P. April 2016 595,238 $8.40 | Private placement — Renaissance Re January — February 2,692,500 $12.00 | Underwritten Public Offering 2017 * — Sandler O’Neill +
Slide 9: We Hit 'Em Where They Ain't — The Kingstone Approach To Target Business
We Hit ‘Em Where They Ain’t — The Kingstone Approach To Target Business Kingstone’s opportunities for growth come from the following sources: Sources of new agents/business opportunities include the following: Feedback from agents regarding underserved markets, competitor changes and product upgrade
Slide 10: Agency Relationships — The Life Blood of Kingstone
Agency Relationships — The Life Blood of Kingstone Smaller Agents Are Kingstone’s core We Shower The Agent With Attention 100% of our business is generated via relationships with 350+ independent agents Most of our agents produce less than $1 million annually in commissions Kingstone treats its agen
Slide 11: Distribution and Underwriting Core Values Require:
Distribution and Underwriting Core Values Require: * — Consistency: We are consistent in servicing our agents, who are essential in sustaining our success * Commitment: Larger carriers are less committed to servicing smaller sized agents (our core) Respect: We support only the independent agent netw
Slide 12: The Kingstone Investment Opportunity
The Kingstone Investment Opportunity Transformation Since Demutualization in 2009: Focused on alignment of Management, Employees and Shareholder Interests * — Asignificant portion of management's net worth in Kingstone stock * CEO is company’s largest shareholder « Employee bonus plan tied directly
Slide 13: Recent Achievements
Recent Achievements Launched a new and innovative homeowner product in Rhode Island — 12/5/17 Priced an offering of $30 million aggregate principal amount of 5.50% Senior Unsecured Notes due 2022 — 12/14/17 Closed public offering of above mentioned Senior Unsecured Notes — 12/19/17 Announced salary
Slide 14: Kingstone — Conscientiously Addressing Business & Shareholder Risk
Kingstone — Conscientiously Addressing Business & Shareholder Risk The Risks The Foundation For Opportunity Small Cap — Under $250 A get Strong, conservative balan million in market cap uBEST Strength A~ Excellent Kingstone’s rating is “A- Excellent” GSTONE
Slide 15: For Additional Information
For Additional Information Amanda M. Goldstein CPA, ARe Investor Relations Director KINGSTONE
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