KINGSTONE COMPANIES, INC. KINS

Financials SIC 6331 - Fire, Marine & Casualty Insurance NAICS Finance and Insurance › Insurance Carriers and Related Activities › Insurance Carriers › Direct Insurance (except Life, Health, and Medical) Carriers › Direct Property and Casualty Insurance Carriers derived Nasdaq

We offer property and casualty insurance products through our wholly-owned subsidiary, Kingstone Insurance Company ("KICO"). KICO is a New York domiciled carrier writing business through retail and wholesale agents and brokers. KICO is actively writing personal lines and commercial auto insurance in New York, and in 2024 was the 12th largest writer of homeowners insurance in New York. KICO is also licensed in the states of New Jersey, Rhode Island, Massachusetts, Connecticut, Pennsylvania, New Hampshire, and Maine. For the years ended December 31, 2025 and 2024, respectively, 98.0% and 96.0% of KICO's direct written premiums came from the New York policies.

In addition, through our subsidiary, Cosi Agency, Inc. ("Cosi"), a multi-state licensed general agency, we access alternative distribution channels. See "Distribution" below for a discussion of our distribution channels. Cosi receives commission revenue from KICO for the policies it places with others and pays commissions to these agencies. Cosi retains the profit between the commission revenue received and the commission expense paid. Net Cosi revenue is deducted against commission expense and Cosi-related expenses are included in other operating expenses. Cosi-related operating expenses are not included in our stand-alone insurance underwriting business and, accordingly, its expenses are not included in the calculation of our combined ratio as described below.

Last close 20.04 2026-10-23
Market cap $290.1M 2026-06-30 share count
52-week range 13.83 - 20.90

Valuation FY2025 figures against the last close

P/S1.4x
P/E7.0x
P/FCF4.0x
EV/EBITDA—
Dividend yield0.5%
Diluted EPS2.88

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $214.9M$155.1M$144.2M$130.2M$161.2M$131.4M$145.1M$113.8M$92.8M$77.4M
Total operating expenses $163.8M$131.9M$151.6M$158.1M$170.6M$132.7M$152.9M———
Interest expense ——$4.0M$2.0M$1.8M$1.8M$1.8M$1.8M$60.3K$0
Pre-tax income $51.0M$23.3M-$7.4M-$27.9M-$9.4M-$1.3M-$7.8M$3.0M$14.3M$13.4M
Income tax $10.3M$4.9M$1.2M$5.4M$2.0M$2.3M$1.8M$86.2K$4.3M$4.5M
Net income $40.8M$18.4M$6.2M-$22.5M-$7.4M$972.4K-$6.0M$3.1M$10.0M$8.9M
EPS, basic 2.931.60-0.57-2.12-0.700.09-0.550.290.961.15
EPS, diluted 2.881.48-0.57-2.12-0.700.09-0.550.290.941.14
Shares, diluted (wtd. avg.) 14.1M12.4M10.8M10.6M10.6M10.7M10.8M10.7M10.6M7.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $12.2M$28.7M$9.0M$12.0M$24.3M$19.5M$32.4M$21.1M$48.4M$12.0M
Property, plant and equipment $7.9M$9.3M$9.4M$10.5M$9.3M$8.1M$7.6M$6.1M$4.8M$3.0M
Other intangibles $500.0K$500.0K$500.0K$500.0K$500.0K$500.0K$500.0K$670.0K$1.0M$1.4M
Total assets $453.4M$374.9M$317.6M$320.3M$331.3M$317.6M$321.2M$266.8M$254.5M$169.4M
Short-term debt $1.3M$6.8M$19.6M$25.2M$29.8M$29.6M————
Long-term debt $3.1M$4.3M$5.7M$25.2M$17.3M$29.6M$29.5M$29.3M$29.1M$0
Total liabilities $330.7M$308.2M$283.1M$284.2M$255.6M$224.8M$233.0M$178.1M$160.0M$112.8M
Retained earnings $34.6M-$4.8M-$23.1M-$16.9M$6.9M$15.9M$16.9M$26.4M$27.2M$20.6M
Total equity $122.7M$66.7M$34.5M$36.2M$75.7M$92.8M$88.2M$88.7M$94.6M$56.7M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $75.9M$57.9M-$11.3M-$915.5K$24.3M-$10.2M$29.9M$22.3M$28.0M$15.2M
Depreciation and amortisation $2.6M$2.4M$3.0M$3.3M$3.3M$2.9M$2.4M$1.4M$1.1M$717.1K
Stock-based compensation $1.5M$1.4M$832.6K$1.4M$1.9M$1.8M$1.5M$702.6K$270.2K$106.9K
Capital expenditure $2.8M$2.3M$1.8M$4.6M$4.5M$3.3M$3.9M$2.7M$2.8M$576.2K
Investing cash flow -$92.9M-$35.3M$9.5M-$5.9M-$15.9M$581.3K-$15.0M-$43.4M-$47.6M-$19.5M
Financing cash flow $506.1K-$3.0M-$1.1M-$5.5M-$3.6M-$3.3M-$3.6M-$6.1M$55.9M$2.8M
Dividends paid $1.4M$0$0$1.3M$1.7M$2.0M$3.5M$4.3M$3.2M$1.9M
Buybacks ———$0$1.7M$1.2M$0$540.3K$176.8K$113.3K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000033992-26-000024.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -100M 0 100M 200M 300M Revenue, FY2016: 77.4M Net income, FY2016: 8.9M Revenue, FY2017: 92.8M Net income, FY2017: 10M Revenue, FY2018: 113.8M Net income, FY2018: 3.1M Revenue, FY2019: 145.1M Net income, FY2019: -6M Revenue, FY2020: 131.4M Net income, FY2020: 972.4K Revenue, FY2021: 161.2M Net income, FY2021: -7.4M Revenue, FY2022: 130.2M Net income, FY2022: -22.5M Revenue, FY2023: 144.2M Net income, FY2023: 6.2M Revenue, FY2024: 155.1M Net income, FY2024: 18.4M Revenue, FY2025: 214.9M Net income, FY2025: 40.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $77.4M $92.8M $113.8M $145.1M $131.4M $161.2M $130.2M $144.2M $155.1M $214.9M
Gross profit — — — — — — — — — —
Net income $8.9M $10.0M $3.1M -$6.0M $972.4K -$7.4M -$22.5M $6.2M $18.4M $40.8M

Recent filings and events

  • Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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