Kingstone Announces Estimated Q2 2023 Catastrophe Losses Of $1.38M ($1.09M After-Tax)
Portfolio Pulse from Happy Mohamed
Kingstone Companies, Inc. (NASDAQ:KINS) announced estimated net pre-tax catastrophe losses for Q2 2023 of $1.38 million ($1.09 million after-tax). The losses were due to three events.
July 27, 2023 | 8:27 pm
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Kingstone Companies, Inc. (KINS) announced significant catastrophe losses for Q2 2023, which may negatively impact its financial performance.
The announcement of significant catastrophe losses for Q2 2023 could negatively impact Kingstone's financial performance. Investors may react negatively to this news, potentially leading to a decrease in the company's stock price in the short term.
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