Kingstone CFO Gravelle resigns, reiterates 2025 guidance
By Mia MacGregor
April 2 - (The Insurer) - Northeast U.S. regional insurer Kingstone Companies has announced its chief financial officer Jennifer Gravelle has resigned to pursue other opportunities, and reiterated its guidance for full year 2025.
Effective April 18, 2025, chief accounting officer Victor Brodsky and president and CEO Meryl Golden will assume CFO responsibilities until a permanent successor is appointed.
The company stated that it has engaged an executive search firm to identify a full-time CFO replacement and emphasized that Gravelle’s departure was unrelated to any differences regarding operations, policies or financial practices.
Kingstone also reaffirmed its strategic direction and financial guidance for 2025.
The company expects full-year net premiums earned of approximately $184 million and projects a combined ratio between 81% and 85%.
Additionally, it anticipates 15% to 25% growth in core business direct premiums written, net income per share of $1.90 to $2.30 (basic) and $1.75 to $2.15 (diluted), and a return on equity of 27% to 35%.
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