Kingstone Companies Highlights Significant Market Opportunity, Strong Growth Prospects, And Increased Guidance; Expects Q2 2024 Direct Written Premium Growth Of +21.5%, Core Personal Lines Growth Of +24.3%, Third Consecutive Quarter Of Profitability, And Management Confidence In Operations And Strategy
Portfolio Pulse from Benzinga Newsdesk
Kingstone Companies has highlighted a significant market opportunity, strong growth prospects, and increased guidance. The company expects Q2 2024 direct written premium growth of 21.5%, core personal lines growth of 24.3%, and has reported its third consecutive quarter of profitability. Management has expressed confidence in their operations and strategy.
July 22, 2024 | 1:05 pm
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Kingstone Companies has reported strong growth prospects and increased guidance, expecting significant growth in direct written premiums and core personal lines for Q2 2024. The company has also achieved its third consecutive quarter of profitability, with management expressing confidence in their operations and strategy.
The strong growth prospects and increased guidance, along with the third consecutive quarter of profitability, indicate a positive outlook for Kingstone Companies. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100