Kingstone CFO Resignation Amidst 2025 Financial Outlook

Kingstone Companies, Inc., a Northeast regional property and casualty insurance holding company, has announced the resignation of Jennifer Gravelle from her Chief Financial Officer role. With her departure effective April 18, 2025, Gravelle leaves to explore new opportunities. Meanwhile, Kingstone has reiterated its guidance for the 2025 fiscal year.

Victor Brodsky, Chief Accounting Officer, alongside CEO Meryl Golden, will temporarily share CFO duties. Brodsky, with a long history at Kingstone, is seen as vital for a smooth transition. An executive search firm has been hired to find a full-time CFO successor. The company reassured stakeholders that Gravelle's departure is not linked to any company disputes.

Kingstone remains confident in its financial guidance, aiming for 15% to 25% growth in core business, a combined ratio of 81% to 85%, and net income per share between $1.75 and $2.30. The company remains focused on strategic and financial stability for 2025.