Kingstone Companies Inc. (KINS) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
120 WOOD ROAD KINGSTON, NY |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6331 - Fire, Marine, and Casualty Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 8,977 | 11,958 | 24,291 | 19,464 | 32,391 | ||||
| Cash and cash equivalent | 8,977 | 11,958 | 24,291 | 19,464 | 32,391 | ||||
| Total current assets: | 8,977 | 11,958 | 24,291 | 19,464 | 32,391 | ||||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 855 | ||||||||
| Operating lease, right-of-use asset | 48 | 225 | 795 | 949 | |||||
| Property, plant and equipment | 9,284 | 9,396 | 10,542 | 9,292 | 8,083 | 7,621 | |||
| Intangible assets, net (including goodwill) | 500 | 500 | 500 | 500 | 500 | 500 | |||
| Intangible assets, net (excluding goodwill) | 500 | 500 | 500 | 500 | 500 | 500 | |||
| Deferred income tax assets | 5,598 | 10,552 | 10,331 | 192 | 311 | ||||
| Total noncurrent assets: | 15,382 | 20,495 | 21,598 | 10,779 | 10,388 | 8,432 | |||
| Other undisclosed assets | 359,534 | 288,161 | 286,776 | 296,243 | 287,731 | 280,380 | |||
| TOTAL ASSETS: | 374,916 | 317,633 | 320,333 | 331,312 | 317,582 | 321,203 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 516 | ||||||||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 516 | ||||
| Deferred revenue | 4,157 | ||||||||
| Debt | 11,171 | 25,244 | 25,159 | 29,824 | 949 | ||||
| Deferred compensation liability | 937 | 1,156 | 908 | 764 | |||||
| Total current liabilities: | 11,171 | 26,181 | 26,314 | 30,732 | 6,386 | ||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 4,322 | 25,244 | |||||||
| Long-term debt, excluding current maturities | 4,322 | 25,244 | |||||||
| Total noncurrent liabilities: | 4,322 | 25,244 | |||||||
| Other undisclosed liabilities | 292,714 | 231,705 | 257,849 | 224,908 | 218,396 | 232,981 | |||
| Total liabilities: | 308,207 | 283,129 | 284,163 | 255,640 | 224,782 | 232,981 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 66,708 | 34,504 | 36,169 | 75,672 | 92,800 | 88,222 | |||
| Common stock | 144 | 122 | 122 | 119 | 118 | ||||
| Treasury stock, value | (5,568) | (5,567) | (5,567) | (5,567) | (2,713) | ||||
| Additional paid in capital | 72,467 | 70,769 | 69,134 | ||||||
| Accumulated other comprehensive income (loss) | (12,175) | (12,275) | (15,958) | 1,797 | 9,880 | 4,769 | |||
| Retained earnings (accumulated deficit) | (4,756) | (23,114) | (16,946) | 6,856 | 15,928 | 16,913 | |||
| Other undisclosed equity, attributable to parent | 89,063 | 75,338 | 74,520 | 120 | (3,896) | ||||
| Total equity: | 66,708 | 34,504 | 36,169 | 75,672 | 92,800 | 88,222 | |||
| TOTAL LIABILITIES AND EQUITY: | 374,916 | 317,633 | 320,333 | 331,312 | 317,582 | 321,203 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 155,142 | 144,191 | 130,159 | 161,231 | 131,370 | 145,563 | ||
| Premiums earned, net | 128,498 | 114,384 | 114,385 | 143,882 | 108,081 | 127,623 | ||
| Cost of revenue (Policyholder Benefits and Claims Incurred, Net) | (62,635) | (82,849) | (90,182) | |||||
| Other undisclosed gross profit | ||||||||
| Gross profit: | 92,507 | 61,342 | 130,159 | 161,231 | 131,370 | 55,381 | ||
| Operating expenses | (131,854) | (151,556) | (158,102) | (170,641) | (132,658) | (36,630) | ||
| Operating income (loss): | (39,347) | (90,215) | (27,942) | (9,409) | (1,288) | 18,750 | ||
| Nonoperating income (Investment Income, Nonoperating) | 6,506 | 6,869 | ||||||
| Interest and debt expense | (297) | (4,003) | (2,019) | (1,826) | (1,826) | (1,826) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 2,019 | 1,826 | (31,576) | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (39,643) | (94,217) | (27,942) | (9,409) | 3,392 | (7,783) | ||
| Other undisclosed income from continuing operations before income taxes | 62,931 | 86,852 | ||||||
| Income (loss) from continuing operations before income taxes: | 23,288 | (7,366) | (27,942) | (9,409) | 3,392 | (7,783) | ||
| Income tax expense (benefit) | (4,930) | 1,197 | 5,418 | 2,031 | 2,260 | 1,816 | ||
| Income (loss) from continuing operations: | 18,358 | (6,168) | (22,525) | (7,378) | 5,652 | (5,966) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (7,378) | 5,652 | (5,966) | |
| Other undisclosed net loss | (4,679) | |||||||
| Net income (loss) available to common stockholders, basic: | 18,358 | (6,168) | (22,525) | (7,378) | 972 | (5,966) | ||
| Dilutive securities, effect on basic earnings per share | 206 | 9 | ||||||
| Other undisclosed net income available to common stockholders, diluted | ||||||||
| Net income (loss) available to common stockholders, diluted: | 18,564 | (6,168) | (22,525) | (7,378) | 982 | (5,966) | ||
Comprehensive Income ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 18,358 | (6,168) | (22,525) | (7,378) | 972 | (5,966) | ||
| Other comprehensive income (loss) | 99 | 3,684 | (17,755) | (1,288) | 7,653 | |||
| Comprehensive income (loss): | 18,458 | (2,484) | (40,280) | (7,378) | (315) | 1,687 | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 5,427 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 18,458 | (2,484) | (40,280) | (7,378) | 5,111 | 1,687 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.