Kingstone sells property and casualty insurance to individuals and small businesses in New York, covering homes, apartments, and livery vehicles through a network of agents and brokers.
Revenue comes from insurance premiums, with gross margins around 52% and net margins near 12.5% on a trailing basis. The business is recurring as policyholders renew annually, though claims can swing profitability.
Kingstone's niche focus on New York and specialized coverages like livery vehicles gives it some local presence, but larger competitors like Allstate and Progressive can easily replicate these products and undercut pricing.
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EPS of $1.04 beats Zacks consensus of $0.95
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Kingstone Companies, Inc. ($KINS) is included in a list of new stock write-ups, indicating a potential focus on fundamental analysis or a new investment thesis.
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