In 2025 Kingstone delivered net income of $40.8 million, a 95% rise in diluted EPS to $2.88, a combined ratio of 75% and a 43% return on equity. Direct premiums written grew 39% since year-end 2023 while improving the combined ratio by 30 points, and the company announced a five-year plan to reach $500 million in written premiums by 2029.

Kingstone will enter California’s $15 billion homeowners excess and surplus market in Q2 2026 to diversify its New York concentration. After evaluating market size, profitability, regulatory hurdles and peril characteristics, the company chose E&S to capitalize on constrained admitted capacity and 32% E&S growth in 2025, structuring its entry to be immaterial to near-term results and tightly risk-controlled.

The firm will deploy its proven New York playbook in California, using actuarial-driven Select products that match rate to risk at the peril level and integrate market-leading wildfire models. A 30% expense ratio, real-time risk accumulation tools, instant quoting, direct billing, designated underwriters and in-house claims management underpin its selective underwriting approach and scalable platform.