Brad Nelson's questions to Kingstone Companies Inc (KINS) leadership • Q3 2024
Question
Private investor Brad Nelson questioned the company's rationale for shifting its earnings per share guidance from a diluted share count basis to a basic share count basis, noting it was somewhat unusual.
Answer
Executive Meryl Golden responded that there was no specific strategic rationale behind the change. She explained that the guidance basis was altered earlier in the year when there was not a significant difference between basic and diluted share counts. Golden added that the company is open to reverting to a diluted EPS basis for future guidance if it provides more clarity for investors.