Kingstone
KINSMarket price data through November 12, 2026.
Performance
Nov 2021 – Nov 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- +41%
- How much this stock is up since Benson first picked it — measured from the price at the time of that first pick, not from today.
- First pick price
- ~$16
- Roughly what one share cost when Benson first picked this stock. This is the starting line for the Benson Return.
- Tracking since
- December 2024
- The month this stock first became a Benson pick.
- Tracking duration
- 23 months
- How long Benson has been tracking this pick.
About Kingstone
Kingstone is a small home insurance company that built its business in New York, the kind of local insurer that kept writing policies while big national carriers pulled back from the Northeast. It sells homeowners coverage through its Select product line and now also writes in Connecticut and California. Its latest quarter was the most profitable three months in company history.
The case for and against
Both sides of the story, in plain English.
- Record Results
This was the most profitable quarter Kingstone has ever had. Profit jumped 62% to 17.6 million dollars, or $1.19 a share, up from 74 cents a year ago. For every dollar customers paid in, it spent about 66 cents on claims and running costs, down from about 73 cents, as higher renewal prices met fewer and smaller claims.
- Beyond New York
Kingstone keeps adding customers as homeowners hunt for coverage the big carriers stopped offering. Active policies climbed 11% to about 86,600, and the value of policies it sold rose 14.5% to 86.8 million dollars. It now writes in Connecticut and California too, and it raised its full year profit forecast to between $2.70 and $2.90 a share, up from a low end of $2.20.
- Weather Whiplash
Storms are the big swing factor for any home insurer. Storm and disaster claims ate up 7.5 cents of every premium dollar this quarter, compared with just 0.2 cents a year ago, and a stormy winter kept profit for the first nine months up only about 5%. Most of the business still sits in New York, so one brutal hurricane or winter season can wipe out a lot of good months.
- Wildfire Wildcard
California brings wildfire risk, something Kingstone has never insured before, and new markets are where pricing mistakes show up fast. The company also trimmed its full year sales growth forecast to about 16%, the bottom of its earlier 16% to 20% range. Its bonds lost 9.7 million dollars in value on paper this quarter too, a reminder that even a record year has soft spots.
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How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-11-12. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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