Kingstone Companies, Inc (KINS) financial statements (2022 and earlier)

Company profile

Business Address 15 JOYS LANE
KINGSTON, NY 12401
State of Incorp. DE
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 19,46432,39121,13848,38212,04513,551
Cash and cash equivalents 19,46432,39121,13848,38212,04513,551
Total current assets: 19,46432,39121,13848,38212,04513,551
Noncurrent Assets
Finance lease, right-of-use asset 855 
Operating lease, right-of-use asset 949 
Property, plant and equipment 8,0837,6216,0574,7733,0113,152
Intangible assets, net (including goodwill) 5005006701,0101,3501,758
Intangible assets, net (excluding goodwill) 5005006701,0101,3501,758
Deferred income tax assets  311
Total noncurrent assets: 10,3888,4326,7275,7834,3614,910
Other undisclosed assets 287,731280,380238,887200,384153,041130,668
TOTAL ASSETS: 317,582321,203266,752254,548169,446149,130
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 516 15   
Employee-related liabilities 516     
Taxes payable   15   
Deferred revenue 4,157 
Debt 949     
Deferred compensation liability 764     
Total current liabilities: 6,386 15   
Noncurrent Liabilities
Other undisclosed liabilities 218,396232,981178,071159,970112,766103,853
Total liabilities: 224,782232,981178,086159,970112,766103,853
Stockholders' equity
Stockholders' equity attributable to parent, including: 92,80088,22288,66694,57856,68145,277
Common stock 1191181181168983
Treasury stock, value  (2,713)(2,713)(2,172)(1,995)1,882
Additional paid in capital 70,76969,13467,76468,38037,95032,987
Accumulated other comprehensive income (loss) 9,8804,769(2,884)1,10173484
Retained earnings 15,92816,91326,38127,15320,56413,605
Other undisclosed stockholders' equity attributable to parent (3,896)    (3,764)
Total stockholders' equity: 92,80088,22288,66694,57856,68145,277
TOTAL LIABILITIES AND EQUITY: 317,582321,203266,752254,548169,446149,130

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 131,370145,563113,77292,76977,43764,176
Premiums earned, net 108,081127,623103,415
Financial services revenue87,28472,67660,085
Cost of revenue  (90,182)(58,295)(34,186)(27,790)(23,180)
Policyholder benefits and claims incurred, net  (90,182)(58,295)
Financial services costs(34,186)(27,790)(23,180)
Gross profit: 131,37055,38155,47758,58449,64740,996
Operating expenses (132,658)(36,630)(32,390)(34,076)(30,959)(27,189)
Operating income (loss): (1,288)18,75023,08724,50818,68813,807
Nonoperating income
(Investment Income, Nonoperating)
 6,5066,8696,1863,8693,0262,463
Interest and debt expense (1,826)(1,826)(1,822)(60)  
Other undisclosed loss from continuing operations before equity method investments, income taxes  (31,576)(24,444)(14,006)(8,295)(5,960)
Income (loss) from continuing operations before income taxes: 3,392(7,783)3,00714,31013,41810,309
Income tax expense (benefit) 2,2601,81686(4,323)(4,519)(3,349)
Income (loss) before gain (loss) on sale of properties: 5,652(5,966)3,0939,9868,9006,960
Other undisclosed net loss (4,679)     
Net income (loss) available to common stockholders, basic: 972(5,966)3,0939,9868,9006,960
Dilutive securities, effect on basic earnings per share 9 201897147
Net income (loss) available to common stockholders, diluted: 982(5,966)3,11310,1758,9707,006

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss): 972(5,966)3,0939,9868,9006,960
Other comprehensive income (loss) (1,288)7,653(3,571)845(411)(462)
Comprehensive income (loss): (315)1,687(477)10,8318,4886,498
Other undisclosed comprehensive income, net of tax, attributable to parent 5,427     
Comprehensive income (loss), net of tax, attributable to parent: 5,1111,687(477)10,8318,4886,498

Statements sources

The financial statements are based on the company's filings with the 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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