Kingstone Companies Inc's Suppliers recorded an increase in sales by 8.56 % year on year in Q2 2026, sequentially sales grew by 11.78 %, while their net profit margin fell to 6.99 % year on year, compared to the previous quarter Kingstone Companies Inc's Suppliers had a lower net margin at 11.78 %,
Kingstone Companies Inc's Suppliers recorded an increase in sales by 8.56 % year on year in Q2 2026, sequentially sales grew by 11.78 %, while their net profit margin fell to 6.99 % year on year, compare to previous quarter KINS's Suppliers had lower net margin at 6.99 %,
We purchase reinsurance to reduce our net liability on individual risks, to protect
against possible catastrophes, to achieve a target ratio of net premiums written
to policyholders’ surplus and to expand our underwriting capacity. Our reinsurance
program is structured to reflect our obligations and goals. Reinsurance via quota
share allows for a carrier to write business without increasing its underwriting
leverage above a management determined ratio. The business written under a reinsurance
quota share obligates a reinsurer to assume the risks involved, and gives the
reinsurer the profit (or loss) associated with such. We have determined it to
be in the best interests of our shareholders to prudently reduce our reliance
on quota share reinsurance. This will result in higher earned premiums and a reduction
in ceding commission revenue in future years. Our participation in reinsurance
arrangements does not relieve us from our obligations to policyholders.
Kingstone Companies Inc's Comment on Supply Chain
We purchase reinsurance to reduce our net liability on individual risks, to protect
against possible catastrophes, to achieve a target ratio of net premiums written
to policyholders’ surplus and to expand our underwriting capacity. Our reinsurance
program is structured to reflect our obligations and goals. Reinsurance via quota
share allows for a carrier to write business without increasing its underwriting
leverage above a management determined ratio. The business written under a reinsurance
quota share obligates a reinsurer to assume the risks involved, and gives the
reinsurer the profit (or loss) associated with such. We have determined it to
be in the best interests of our shareholders to prudently reduce our reliance
on quota share reinsurance. This will result in higher earned premiums and a reduction
in ceding commission revenue in future years. Our participation in reinsurance
arrangements does not relieve us from our obligations to policyholders.
KINS's Suppliers Net profit fell by
KINS's Suppliers Net margin fell in Q2 to
-7.81 %
6.99 %
KINS's Suppliers Net profit fell by -7.81 %
KINS's Suppliers Net margin fell in Q2 to 6.99 %
Kingstone Companies Inc's Suppliers Sales Growth
in Q2 2026 by Industry
Sources:
Kingstone Companies Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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