Last Sunday, we let you know that we were working on an updated write-up on a company to highlight its progress and share our views on the stock since we published our first write up on it in May 2024.

As you will see, it is now clear that the company has transformed from a struggling non-standard auto insurer into a consistently profitable business. One new takeaway from our research this week is that some of the bullish aspects of the company story are similar to those of property and casualty insurer Kingstone Companies, Inc (NASDAQ:KINS).

Recall that KINS benefited from competitors leaving the New York market, allowing it to capture market share.

Although KINS and the company operate in different insurance segments, it is still interesting that the company is seeing one of its competitors leave two key markets where the company is actually growing nicely.