Kingstone Companies Inc. (KINS) Financial Statements (2025 and earlier)

Company Profile

Business Address 15 JOYS LANE
KINGSTON, NY 12401
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)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 8,97711,95824,29119,46432,39121,138
Cash and cash equivalents 8,97711,95824,29119,46432,39121,138
Total current assets: 8,97711,95824,29119,46432,39121,138
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    855 
Operating lease, right-of-use asset 48225795949 
Property, plant and equipment9,39610,5429,2928,0837,6216,057
Intangible assets, net (including goodwill)500500500500500670
Intangible assets, net (excluding goodwill)500500500500500670
Deferred income tax assets10,55210,331192 311
Total noncurrent assets:20,49521,59810,77910,3888,4326,727
Other undisclosed assets288,161286,776296,243287,731280,380238,887
TOTAL ASSETS:317,633320,333331,312317,582321,203266,752
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities    516 15
Taxes payable   15
Employee-related liabilities 516  
Deferred revenue    4,157 
Debt25,24425,15929,824949  
Deferred compensation liability 9371,156908764  
Total current liabilities:26,18126,31430,7326,386 15
Noncurrent Liabilities
Long-term debt and lease obligation25,244     
Long-term debt, excluding current maturities25,244     
Total noncurrent liabilities:25,244     
Other undisclosed liabilities231,705257,849224,908218,396232,981178,071
Total liabilities:283,129284,163255,640224,782232,981178,086
Equity
Equity, attributable to parent, including:34,50436,16975,67292,80088,22288,666
Common stock122122 119118118
Treasury stock, value(5,567)(5,567)(5,567) (2,713)(2,713)
Additional paid in capital   72,46770,76969,13467,764
Accumulated other comprehensive income (loss)(12,275)(15,958)1,7979,8804,769(2,884)
Retained earnings (accumulated deficit)(23,114)(16,946)6,85615,92816,91326,381
Other undisclosed equity, attributable to parent75,33874,520120(3,896)  
Total equity:34,50436,16975,67292,80088,22288,666
TOTAL LIABILITIES AND EQUITY:317,633320,333331,312317,582321,203266,752

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues144,191130,159161,231131,370145,563113,772
Premiums earned, net114,384114,385143,882108,081127,623103,415
Cost of revenue
(Policyholder Benefits and Claims Incurred, Net)
 (82,849)   (90,182)(58,295)
Other undisclosed gross profit      
Gross profit:61,342130,159161,231131,37055,38155,477
Operating expenses(151,556)(158,102)(170,641)(132,658)(36,630)(32,390)
Operating income (loss):(90,215)(27,942)(9,409)(1,288)18,75023,087
Nonoperating income
(Investment Income, Nonoperating)
    6,5066,8696,186
Interest and debt expense(4,003)(2,019)(1,826)(1,826)(1,826)(1,822)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  2,0191,826 (31,576)(24,444)
Income (loss) from continuing operations before equity method investments, income taxes:(94,217)(27,942)(9,409)3,392(7,783)3,007
Other undisclosed income from continuing operations before income taxes86,852     
Income (loss) from continuing operations before income taxes:(7,366)(27,942)(9,409)3,392(7,783)3,007
Income tax expense (benefit)1,1975,4182,0312,2601,81686
Income (loss) from continuing operations:(6,168)(22,525)(7,378)5,652(5,966)3,093
Income (loss) before gain (loss) on sale of properties:(7,378)5,652(5,966)3,093
Other undisclosed net loss    (4,679)  
Net income (loss) available to common stockholders, basic:(6,168)(22,525)(7,378)972(5,966)3,093
Dilutive securities, effect on basic earnings per share   9 20
Net income (loss) available to common stockholders, diluted:(6,168)(22,525)(7,378)982(5,966)3,113

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(6,168)(22,525)(7,378)972(5,966)3,093
Other comprehensive income (loss)3,684(17,755) (1,288)7,653(3,571)
Comprehensive income (loss):(2,484)(40,280)(7,378)(315)1,687(477)
Other undisclosed comprehensive income, net of tax, attributable to parent    5,427  
Comprehensive income (loss), net of tax, attributable to parent:(2,484)(40,280)(7,378)5,1111,687(477)

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.

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