Kingstone Companies is a New York-focused property and casualty insurer that has been writing homeowners insurance through its subsidiary, Kingstone Insurance Company, since 1886. Kingstone sells exclusively through a network of over 700 retail and wholesale agents and brokers, with no direct-to-consumer sales. Personal lines homeowners insurance accounts for roughly 95% of gross written premiums, with the remainder from livery physical damage coverage for for-hire vehicles. Kingstone's customers are concentrated in downstate New York — the NYC metro area and surrounding coastal regions — where homeowners insurance is hard to obtain due to hurricane and coastal storm exposure, limiting competition from large national carriers. Kingstone earns money by collecting premiums, paying claims, and investing the float in a conservative fixed-income portfolio. Underwriting profitability, measured by the combined ratio, is the primary earnings driver. A key strategic initiative is Kingstone's "Select" product, introduced in 2022, which uses by-peril rating and data science to better price risk. Select now represents 57% of policies in force and has driven meaningfully lower claim frequency versus the legacy book. Kingstone has also reduced its quota share reinsurance from 27% to 16% in 2025, retaining more premium as book quality improves. Kingstone's 5-year growth target is $500M in direct written premiums by 2029, roughly double its current level, driven by organic New York growth, geographic expansion into new states on an E&S basis starting with California, and opportunistic renewal rights deals.