Kingstone Announces Estimated Second Quarter 2023 Catastrophe Losses

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Kingstone Companies, Inc. (NASDAQ:KINS) announced that its subsidiary, Kingstone Insurance Company, estimates net pre-tax catastrophe losses of $1.38 million ($1.09 million after-tax) for Q2 2023. The losses were a result of three events.

KINGSTON, NY / ACCESSWIRE / July 27, 2023 / Kingstone 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 second quarter of 2023 of $1.38 million ($1.09 million after-tax). Catastrophe losses for the quarter were comprised of three events.

Financial information, including material announcements about Kingstone Companies, is routinely posted on www.kingstonecompanies.com.

About Kingstone Companies, Inc.

Kingstone 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.

INVESTOR RELATIONS CONTACT:
Jennifer Gravelle
Kingstone Companies, Inc.
(845) 768-1970

SOURCE: Kingstone Companies, Inc

View source version on accesswire.com:
https://www.accesswire.com/770334/Kingstone-Announces-Estimated-Second-Quarter-2023-Catastrophe-Losses

FAQ

What is the company name mentioned in the press release?

The company mentioned in the press release is Kingstone Companies, Inc.

What is the stock ticker symbol of Kingstone Companies, Inc.?

The stock ticker symbol of Kingstone Companies, Inc. is KINS.

What is the subsidiary mentioned in the press release?

The subsidiary mentioned in the press release is Kingstone Insurance Company.

What are the estimated net pre-tax catastrophe losses for Q2 2023?

The estimated net pre-tax catastrophe losses for Q2 2023 are $1.38 million.

What is the after-tax amount of the catastrophe losses for Q2 2023?

The after-tax amount of the catastrophe losses for Q2 2023 is $1.09 million.

How many events contributed to the catastrophe losses for Q2 2023?

The catastrophe losses for Q2 2023 were comprised of three events.