Kingstone Companies, Inc (KINS) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings and welcome to the Kingstone Company's first quarter 2026 earnings conference call. As a reminder, this conference is being recorded. I would now like to turn the call over to your host, Stephan Orbaugh, Kingstone's Investor Relations Representative. You may begin. Thank you and good morning, everyone. Joining us today on the call will be President and Chief Executive Officer, Merrill Golden, and Vice President and Chief Financial Officer, Randy Patton. On behalf of the company, I would like to note that this conference call may contain forward-looking statements, which involve known and unknown risks, uncertainties, and other factors that may cause actual results to be materially different from projected results. Forward-looking statements speak only as of the date on which they are made, and Kingston undertakes no obligation to update the information discussed. For more information, please refer to the section entitled Risk Factors in Part 1, Item 1A of the company's latest content. Additionally, today's remarks may include references to non-GAAP measures. For reconciliation of these non-GAAP measures to GAAP figures, please see the tables in the latest earnings release available on the company's website at www.kingstonecompanies.com. With that, it's my pleasure to turn the call over to Merrill Golden. Merrill? Thanks, Stephan. Good morning, everyone, and thanks for joining our call. Let me start with the headlines. Our gap net combined ratio for the first quarter was a 112, and we had a net loss of 5.8 million, or 40 cents per diluted share. The quarter's results were driven by 11 winter catastrophe events across the Northeast, contributing 26 points to the loss ratio. The winter storm season in the first quarter was exceptionally severe for downstate Ne...