Kingstone Companies, Inc (KINS) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings. Welcome to Kingstone Company's third quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. Joining us on today's call will be President and Chief Executive Officer Merrill Golden and Chief Financial Officer Randy Patton. On behalf of the company, I would like to note that this conference call may include forward-looking statements which involve known and unknown risks and uncertainties and other factors that may cause actual results to differ materially 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 section entitled risk factors in Part 1, Item 1A of the company's latest Form 10-K. Additionally, today's remarks may include references to non-GAAP measures. For reconciliation of our 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 is my pleasure to turn the call over to Meryl Golden. Meryl? Thank you. Good morning, everyone, and thanks for joining us. We delivered one of the strongest quarters in our history with net income of 10.9 million, diluted earnings per share of 74 cents, a gap combined ratio of 72.7, and an annualized return on equity of 43%. Direct written premium grew 14%, and net investment income increased 52%. This was our second most profitable quarter in history, and our eighth consec...