Kingstone Companies Inc. Common Stock (KINS)

FairStock Score: 95/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At the 2026-10-13 close of $18.56, Mr. Market values this small property-and-casualty insurer at a FairStock-calculated P/E of 7.51 and P/B of 2.08. Kingstone writes homeowners, dwelling fire, renters, umbrella, commercial auto and for-hire vehicle physical damage. The record is a classic turnaround. In FY2023, period ended 2023-12-31, it filed revenue of $144.2M and a net loss of $6.2M, or diluted EPS of -$0.57. In FY2024, period ended 2024-12-31, revenue was $155.1M, net income $18.4M, diluted EPS $1.48. In FY2025, period ended 2025-12-31, revenue was $214.9M, net income $40.8M, diluted EPS $2.88. In fiscal Q2 2026, quarter ended 2026-06-30, revenue was $65.9M, net income $15.5M, diluted EPS $1.05. But fiscal Q1 2026, quarter ended 2026-03-31, had revenue of $59.8M and a net loss of $5.8M, or diluted EPS -$0.40, so the streak is not clean. FairStock shows ROE of 31.51%, ROCE of 6.39%, D/E of 0.03, a Piotroski F-Score of 7/9 and PEG of 0.04. Low debt is a genuine comfort in insurance, where underwriting can turn on catastrophes or reserve mistakes. The FairStock Lynch category is TURNAROUND, because it returned to profit after a loss within the last three years. The moat is thin: 113 employees, a $268.7M market cap, and little scale advantage. The data lack CET1, NIM, and combined ratio, so I cannot verify underwriting discipline or reserve adequacy. Cheap on earnings, less cheap on book. I would want consistent quarterly profits and better disclosure before trusting this as durable.

In plain English: Kingstone sells home, renters and commercial auto insurance, mostly through one small insurance subsidiary. The business has swung from a loss in 2023 to strong profits in 2024 and 2025, and the latest quarter was very profitable, though the quarter before it lost money. At $18.56, the stock looks inexpensive compared with recent earnings but less cheap compared with the company's accounting net worth.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer