Kingstone Announces Resignation of Chief Financial Officer; Reiterates Guidance for Full Year 2025

KINGSTON, NY / ACCESS Newswire / April 1, 2025 / Kingstone Companies, Inc. (NASDAQ:KINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, today announced that Jennifer Gravelle has resigned from her position as Chief Financial Officer effective April 18, 2025 to pursue other opportunities. The Company also reiterated its guidance for full year 2025.

Ms. Gravelle will continue to serve as Chief Financial Officer until her departure on April 18, 2025, to support an orderly transition of responsibilities. Victor Brodsky, the Company's Chief Accounting Officer, along with Meryl Golden, President and Chief Executive Officer, will assume the responsibilities of Chief Financial Officer upon Ms. Gravelle's departure. Mr. Brodsky has been serving as the Company's Chief Accounting Officer since May 1, 2024, and previously served as the Company's Chief Financial Officer (2009-2020), Treasurer (2013-2020), and Chief Accounting Officer (2007-2009). He also served in various executive capacities with the Company's wholly-owned subsidiary, Kingstone Insurance Company, and as a consultant to the Company in connection with the operation of, among other areas, the accounting department (2020-2024).

The Company has engaged an executive search firm to conduct the process to identify a full-time successor for the Chief Financial Officer role. Ms. Gravelle's decision was unrelated to any differences regarding the Company's operations, policies, or financial practices.

Meryl Golden, President and Chief Executive Officer, stated, "On behalf of the entire leadership team, I would like to thank Jennifer for her contributions to the Company over the last two years. We wish her all the best in her future endeavors. We are also grateful that Victor has agreed to assume some additional responsibilities until a new Chief Financial Officer is hired. We believe that his long and varied history with Kingstone will help ensure a seamless transition. We remain confident in our continued growth and financial stability, with a strong leadership team in place to guide us."

Kingstone's strategic direction and financial guidance remain firmly on track, as outlined on March 13, 2025. For 2025, the Company's full year expectations are calculated based on anticipated net premiums earned of approximately $184 million, and are as follows:

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