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News

Kingstone Companies Revises FY25 Net Income From $1.45-$1.85 To $1.75-$2.15 Per Share; Net Premiums Earned Of ~$184M

Author: Benzinga Newsdesk | March 14, 2025 11:38am

Guidance (see "Disclaimer and Forward-Looking Statements" below)

For 2025, the Company's full year expectations are calculated based on anticipated net premiums earned of approximately $184 million, and are as follows:

Guidance Metrics 2025 - Current  2025 - Previous 
Core Business2 direct premiums written growth 15% to 25%  15% to 25% 
Combined ratio 81% to 85%  82% to 86% 
Net income per share - basic $1.90 to $2.30  $1.60 to $2.00 
Net income per share - diluted $1.75 to $2.15  $1.45 to $1.85 
Return on equity 27% to 35%  24% to 32% 

The following reflects the impact of dilution to total shares outstanding for the year ended December 31, 2024 and full year 2025 guidance:

Common Stock Metrics Year Ended   2025E 
(shares in millions) December 31, 2024     
Weighted average shares outstanding - basic  11.5   13.3 
Weighted average shares outstanding - diluted  12.4   14.2 
Total shares outstanding as of end of period - basic  12.9   13.6 
Total shares outstanding as of end of period - diluted  14.1   14.7 
All changes to total shares outstanding - basic and diluted assumed for 2025 are primarily from the vesting of restricted shares and stock issued under our "at the market" offering.


 

Posted In: KINS

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