Kingstone Sees 15% Premium Growth, 98% Combined Ratio in Q1
Kingstone Companies reported Q1 2026 net premiums written rose 15% year-over-year to $85 million while its combined ratio widened to 98% due to elevated catastrophe losses. Management unveiled a digital distribution platform expected to boost online policy sales by 20% and reduce expense ratio by 50 basis points.
1. Underwriting Results
Kingstone achieved net premiums written of $85 million in Q1 2026, marking a 15% increase from the prior year as businesses and personal lines grew across core regions. However, elevated catastrophe losses pushed the combined ratio up to 98%, above the company’s targeted mid-90s level.
2. Digital Platform and Cost Management
Management introduced a new digital distribution platform designed to expand online policy sales by roughly 20% over the next 12 months and improve customer acquisition efficiency. The company also plans to reduce its expense ratio by 50 basis points through process automation and streamlined underwriting workflows.