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KINS - Kingstone subsidiary expects Q4 after-tax loss of $2.89M
Kingstone Companies Inc
Kingstone Companies ( NASDAQ: KINS ) said that its subsidiary, Kingstone Insurance Company estimates net pre-tax catastrophe losses for Q4 2022 of $3.66M ($2.89M after-tax) or 12.0 points of net earned premium.
The loss resulted from Winter Storm Elliott, which significantly impacted the Northeast, including the states in which Kingstone operates.
The company is expected to release Q4 and FY 2022 results on March 30.