Kingstone Finalizes $440 Million Catastrophe Reinsurance Program

MT Newswires Live
06/23

Kingstone (KINS) said Monday it finalized its catastrophe reinsurance program for the July 2025 to June 2026 period, raising its coverage limit.

The company increased its reinsurance limit by 57% to $440 million, citing growth in premiums and exposure, according to Chief Executive Meryl Golden. This includes $125 million in multiyear protection from its first catastrophe bond, 1886 Re Ltd.

The total cost of the program rose by 10%, and now represents 12% of projected direct premiums earned, down from 13% in the prior year, Golden said.

Kingstone expects the lower-than-anticipated cost to "positively impact" its diluted earnings per share by $0.11 for the second half of 2025, Golden said.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10