KINGSTONE COMPANIES Business Summary

Kingstone Companies, Inc. (KINS) is a Northeast regional property and casualty insurance holding company that generates revenue primarily through direct premiums written via its principal subsidiary, Kingstone Insurance Company (KICO). The company specializes in personal lines insurance, including homeowners, dwelling fire, renters, and personal umbrella policies, alongside a niche commercial segment focused on physical damage for livery and car service vehicles. Operating predominantly in New York, where it ranks as a top-15 homeowners insurer, Kingstone has transitioned from a multi-state diversification strategy to a high-margin, "core-centric" model focused on coastal New York and selective expansion into neighboring states like New Jersey and Massachusetts. In the competitive landscape, Kingstone contends with regional and national carriers such as Heritage Insurance (HRTG), Hippo Holdings (HIPO), and Root, Inc. (ROOT), distinguishing itself through a disciplined underwriting turnaround that has achieved a sub-80% combined ratio and industry-leading returns on equity as of early 2026. Leadership is spearheaded by President and CEO Meryl Golden, who assumed the role in October 2023 after serving as COO; her pedigree includes executive tenures at Progressive, Liberty Mutual, and Allstate’s Arity. The financial organization is led by CFO Randy L. Patten, appointed in August 2025, who previously held senior leadership roles at NEXT Insurance and United Fire Group. The board is chaired by Thomas Newgarden, an analytics-driven veteran with over 30 years of P&C experience, and includes notable independent directors such as William L. Yankus, a former insurance investment banker at Sterne Agee and Fox-Pitt, Kelton. While the company traces its roots back to 1886, its modern corporate identity was largely shaped by former Chairman Barry Goldstein, who led the firm’s public evolution and strategic pivot toward its current technology-enabled underwriting platform. Institutional backing includes a strategic investment from RenaissanceRe, reinforcing the company’s standing within the reinsurance and capital markets.