NASDAQ : KINS
Kingstone Companies, Inc. — Financial statements
Financials · Insurance - Property & Casualty · United States
Last price 20.04 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 290.10M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 213.72M | 187.13M | 128.50M | 114.38M | 114.38M | 143.88M |
| Total Interest & Dividend Income | 12.22M | 9.80M | 6.82M | 6.01M | 4.94M | 6.62M |
| Gain (Loss) on Sale of Investments | -1.49M | -309.99K | 414.55K | 2.13M | -9.39M | 9.79M |
| Other Revenue | 13.26M | 16.29M | 19.41M | 21.66M | 20.23M | 941.17K |
| Total Revenue | 237.70M | 212.90M | 155.14M | 144.19M | 130.16M | 161.23M |
| Policy Benefits | 108.67M | 84.27M | 62.63M | 82.85M | 88.39M | 101.97M |
| Policy Acquisition & Underwriting Costs | 76.10M | 72.40M | 59.58M | 59.11M | 61.11M | 59.12M |
| Depreciation & Amortization | 2.80M | 2.56M | 2.45M | 2.97M | 3.30M | 3.29M |
| Selling, General & Administrative | 53.57K | 44.64K | 41.34K | 165.37K | 172.49K | 247.98K |
| Other Operating Expenses | 3.62M | 2.45M | 1.96M | 1.62M | 1.72M | 2.28M |
| Total Operating Expenses | 193.16M | 163.20M | 128.04M | 147.55M | 156.08M | 168.81M |
| Operating Income | 44.54M | 49.70M | 27.10M | -3.36M | -25.92M | -7.58M |
| Interest Expense | -269.35K | -445.21K | -3.51M | -4.00M | -2.02M | -1.83M |
| EBT Excluding Unusual Items | 44.27M | 49.25M | 23.58M | -7.37M | -27.94M | -9.41M |
| Gain (Loss) on Sale of Assets | 1.97M | |||||
| Other Unusual Items | -174.96K | -296.55K | ||||
| Pretax Income | 44.27M | 51.05M | 23.29M | -7.37M | -27.94M | -9.41M |
| Income Tax Expense | 8.98M | 10.28M | 4.93M | -1.20M | -5.42M | -2.03M |
| Net Income | 35.29M | 40.77M | 18.36M | -6.17M | -22.52M | -7.38M |
| Net Income to Common | 35.29M | 40.77M | 18.36M | -6.17M | -22.52M | -7.38M |
| Shares Outstanding (Basic) | 14.31M | 13.93M | 11.48M | 10.76M | 10.65M | 10.59M |
| Shares Outstanding (Diluted) | 14.39M | 14.14M | 12.42M | 10.76M | 10.65M | 10.59M |
| EPS (Basic) | 2.47 | 2.93 | 1.60 | -0.57 | -2.12 | -0.70 |
| EPS (Diluted) | 2.45 | 2.88 | 1.48 | -0.57 | -2.12 | -0.70 |
| Free Cash Flow | 83.08M | 73.05M | 55.61M | -13.15M | -5.47M | 19.85M |
| Free Cash Flow Per Share | 5.77 | 5.17 | 4.48 | -1.22 | -0.51 | 1.88 |
| Dividend Per Share | 0.20 | 0.10 | 0.12 | 0.16 | ||
| Operating Margin | 18.74% | 23.34% | 17.47% | -2.33% | -19.92% | -4.70% |
| Profit Margin | 14.85% | 19.15% | 11.83% | -4.28% | -17.31% | -4.58% |
| Free Cash Flow Margin | 34.95% | 34.31% | 35.84% | -9.12% | -4.20% | 12.31% |
| EBITDA | 47.34M | 52.26M | 29.55M | -389.56K | -22.62M | -4.29M |
| EBITDA Margin | 19.92% | 24.55% | 19.05% | -0.27% | -17.38% | -2.66% |
| D&A For EBITDA | 2.80M | 2.56M | 2.45M | 2.97M | 3.30M | 3.29M |
| EBIT | 44.54M | 49.70M | 27.10M | -3.36M | -25.92M | -7.58M |
| EBIT Margin | 18.74% | 23.34% | 17.47% | -2.33% | -19.92% | -4.70% |
| Effective Tax Rate | 20.28% | 20.14% | 21.17% | |||
| Revenue as Reported | 237.70M | 214.87M | 155.14M | 144.19M | 130.16M | 161.23M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 318.74M | 293.85M | 192.71M | 154.74M | 161.25M | 165.62M |
| Investments in Equity & Preferred Securities | 9.81M | 10.06M | 10.30M | 14.76M | 13.83M | 39.69M |
| Other Investments | 4.28M | 4.55M | 4.38M | 3.90M | 2.77M | 7.56M |
| Total Investments | 332.83M | 308.46M | 207.39M | 173.40M | 177.86M | 212.87M |
| Cash & Equivalents | 16.92M | 12.18M | 28.67M | 8.98M | 11.96M | 24.29M |
| Reinsurance Recoverable | 53.31M | 59.00M | 69.32M | 75.59M | 66.47M | 40.29M |
| Other Receivables | 19.28M | 23.10M | 23.46M | 14.87M | 15.18M | 14.18M |
| Deferred Policy Acquisition Cost | 27.58M | 27.87M | 24.73M | 19.80M | 23.82M | 22.24M |
| Property, Plant & Equipment | 8.27M | 8.03M | 9.28M | 9.44M | 10.77M | 10.09M |
| Other Intangible Assets | 500.00K | 500.00K | 500.00K | 500.00K | 500.00K | 500.00K |
| Other Current Assets | 1.81M | 2.14M | ||||
| Long-Term Deferred Tax Assets | 5.48M | 4.18M | 5.60M | 10.55M | 10.33M | 192.25K |
| Other Long-Term Assets | 11.95M | 7.97M | 5.96M | 4.49M | 3.45M | 6.67M |
| Total Assets | 477.93M | 453.43M | 374.92M | 317.63M | 320.33M | 331.31M |
| Accounts Payable | 9.91M | 11.12M | 10.57M | 3.37M | 5.27M | 6.00M |
| Insurance & Annuity Liabilities | 167.48M | 140.54M | 126.21M | 121.82M | 118.34M | 94.95M |
| Unearned Premiums | 161.60M | 166.39M | 149.75M | 118.88M | 120.95M | 110.20M |
| Reinsurance Payable | 1.70M | 5.23M | 10.51M | 12.84M | 13.06M | 12.96M |
| Current Portion of Long-Term Debt | 1.34M | 1.30M | 6.85M | 19.58M | ||
| Current Income Taxes Payable | 4.18M | 2.84M | ||||
| Long-Term Debt | 2.47M | 3.14M | 4.32M | 5.66M | 25.16M | 29.82M |
| Long-Term Leases | 103.31K | 136.21K | 47.72K | 225.28K | 795.33K | |
| Other Long-Term Liabilities | 937.02K | 1.16M | 907.91K | |||
| Total Liabilities | 348.77M | 330.69M | 308.21M | 283.13M | 284.16M | 255.64M |
| Common Stock | 160.18K | 159.22K | 144.48K | 122.48K | 121.72K | 119.56K |
| Additional Paid-In Capital | 100.57M | 99.62M | 89.06M | 75.34M | 74.52M | 72.47M |
| Retained Earnings | 42.81M | 34.60M | -4.76M | -23.11M | -16.95M | 6.86M |
| Treasury Stock | -5.86M | -5.57M | -5.57M | -5.57M | -5.57M | -5.57M |
| Comprehensive Income & Other | -8.52M | -6.08M | -12.18M | -12.27M | -15.96M | 1.80M |
| Shareholders' Equity | 129.16M | 122.73M | 66.71M | 34.50M | 36.17M | 75.67M |
| Total Liabilities & Equity | 477.93M | 453.43M | 374.92M | 317.63M | 320.33M | 331.31M |
| Filing Date Shares Outstanding | 14.48M | 14.48M | 13.73M | 11.01M | 10.76M | 10.64M |
| Total Common Shares Outstanding | 14.47M | 14.40M | 12.92M | 10.78M | 10.70M | 10.48M |
| Total Debt | 3.90M | 4.58M | 11.17M | 25.29M | 25.38M | 30.62M |
| Net Cash (Debt) | 13.02M | 7.60M | 17.50M | -16.31M | -13.43M | -6.33M |
| Net Cash Per Share | 0.90 | 0.54 | 1.41 | -1.52 | -1.26 | -0.60 |
| Book Value Per Share | 8.92 | 8.52 | 5.16 | 3.20 | 3.38 | 7.22 |
| Tangible Book Value | 128.66M | 122.23M | 66.21M | 34.00M | 35.67M | 75.17M |
| Tangible Book Value Per Share | 8.89 | 8.49 | 5.12 | 3.16 | 3.33 | 7.17 |
| Land | 460.03K | 652.44K | 652.44K | 652.44K | 652.44K | |
| Buildings | 2.34M | 2.34M | 2.34M | 2.34M | ||
| Machinery | 30.16M | 28.32M | 25.99M | 24.16M | 19.59M | |
| Leasehold Improvements | 19.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 35.29M | 40.77M | 18.36M | -6.17M | -22.52M | -7.38M |
| Depreciation & Amortization | 2.80M | 2.56M | 2.45M | 2.97M | 3.30M | 3.29M |
| Other Amortization | 2.41K | 65.16K | 989.10K | 1.19M | 230.39K | 176.18K |
| Gain (Loss) on Sale of Assets | -1.97M | |||||
| Gain (Loss) on Sale of Investments | 1.51M | 292.04K | -935.45K | -2.17M | 13.39M | -9.53M |
| Stock-Based Compensation | 1.97M | 1.48M | 1.38M | 832.60K | 1.39M | 1.90M |
| Change in Accounts Receivable | -2.59M | 154.93K | -8.28M | 200.48K | -1.69M | -659.07K |
| Reinsurance Recoverable | 2.13M | 10.33M | 6.27M | -9.13M | -26.17M | 5.17M |
| Change in Accounts Payable | 2.03M | 683.26K | 6.22M | -2.30M | -1.05M | -728.84K |
| Change in Unearned Revenue | 18.63M | 16.65M | 30.87M | -2.07M | 10.75M | 17.44M |
| Change in Income Taxes | 1.02M | 2.84M | ||||
| Change in Insurance Reserves / Liabilities | 33.55M | 14.33M | 4.39M | 3.48M | 23.39M | 12.15M |
| Change in Other Net Operating Assets | -2.79M | -4.48M | -1.85M | -825.74K | 4.84M | 667.95K |
| Other Operating Activities | -483.32K | -26.59K | 5.22M | -1.20M | -5.42M | -2.20M |
| Operating Cash Flow | 86.19M | 75.86M | 57.95M | -11.33M | -915.52K | 24.35M |
| Capital Expenditures | -3.11M | -2.81M | -2.34M | -1.83M | -4.55M | -4.50M |
| Investment in Securities | -95.21M | -93.65M | -32.92M | 11.29M | -1.35M | -11.45M |
| Investing Cash Flow | -98.33M | -92.86M | -35.26M | 9.46M | -5.91M | -15.95M |
| Long-Term Debt Issued | 8.10M | |||||
| Total Debt Repaid | -1.26M | -7.17M | -15.15M | -1.09M | -10.24M | |
| Net Debt Issued (Repaid) | -1.26M | -7.17M | -15.15M | -1.09M | -2.14M | |
| Issuance of Common Stock | 170.06K | 9.67M | 13.67M | 60.46K | ||
| Repurchases of Common Stock | -701.57K | -576.52K | -1.31M | -13.41K | -392.01K | -1.88M |
| Common Dividends Paid | -2.86M | -1.41M | -1.28M | -1.69M | ||
| Other Financing Activities | -203.90K | -14.30K | -1.76M | |||
| Financing Cash Flow | -4.65M | 506.07K | -2.99M | -1.12M | -5.51M | -3.57M |
| Net Cash Flow | -16.79M | -16.49M | 19.69M | -2.98M | -12.33M | 4.83M |
| Free Cash Flow | 83.08M | 73.05M | 55.61M | -13.15M | -5.47M | 19.85M |
| Free Cash Flow Margin | 34.95% | 34.31% | 35.84% | -9.12% | -4.20% | 12.31% |
| Free Cash Flow Per Share | 5.77 | 5.17 | 4.48 | -1.22 | -0.51 | 1.88 |
| Levered Free Cash Flow | 49.26M | 55.39M | 50.64M | -14.45M | -34.14M | 22.38M |
| Unlevered Free Cash Flow | 49.43M | 55.60M | 51.85M | -13.14M | -33.11M | 23.35M |
| Cash Interest Paid | 340.04K | 1.59M | 2.52M | 2.93M | 1.60M | 1.65M |
| Cash Income Tax Paid | 8.44M | 8.03M | ||||
| Change in Working Capital | 44.51M | 32.09M | 30.36M | -6.86M | 8.58M | 37.92M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 292.85M | 238.10M | 187.58M | 22.92M | 14.42M | 52.42M |
| Enterprise Value | 279.83M | 216.24M | 171.12M | 33.10M | 29.56M | 46.95M |
| PE Ratio | 8.26 | 5.84 | 10.22 | |||
| PS Ratio | 1.23 | 1.12 | 1.21 | 0.16 | 0.11 | 0.33 |
| PB Ratio | 2.26 | 1.94 | 2.81 | 0.66 | 0.40 | 0.69 |
| P/FCF Ratio | 3.51 | 3.26 | 3.37 | 2.64 | ||
| P/OCF Ratio | 3.39 | 3.14 | 3.24 | 2.15 | ||
| EV/Sales Ratio | 1.17 | 1.02 | 1.10 | 0.23 | 0.23 | 0.29 |
| EV/EBITDA Ratio | 5.89 | 4.14 | 5.79 | |||
| EV/EBIT Ratio | 6.26 | 4.35 | 6.32 | |||
| EV/FCF Ratio | 3.36 | 2.96 | 3.08 | 2.37 | ||
| Debt / Equity Ratio | 0.03 | 0.04 | 0.17 | 0.73 | 0.70 | 0.41 |
| Debt / EBITDA Ratio | 0.08 | 0.09 | 0.38 | |||
| Debt / FCF Ratio | 0.05 | 0.06 | 0.20 | 1.54 | ||
| Net Debt / Equity Ratio | -0.10 | -0.06 | -0.26 | 0.47 | 0.37 | 0.08 |
| Net Debt / EBITDA Ratio | -0.28 | -0.14 | -0.59 | -41.88 | -0.59 | -1.47 |
| Net Debt / FCF Ratio | -0.16 | -0.10 | -0.32 | -1.24 | -2.46 | 0.32 |
| Quick Ratio | 0.20 | 0.18 | 0.28 | 0.15 | 0.19 | 0.28 |
| Current Ratio | 0.51 | 0.52 | 0.68 | 0.64 | 0.67 | 0.61 |
| Asset Turnover | 0.55 | 0.51 | 0.45 | 0.45 | 0.40 | 0.50 |
| Return on Equity (ROE) | 31.51% | 43.04% | 36.28% | -17.46% | -40.28% | -8.76% |
| Return on Assets (ROA) | 6.39% | 7.50% | 4.89% | -0.66% | -4.97% | -1.46% |
| Return on Invested Capital (ROIC) | 28.20% | 38.69% | 31.03% | -5.54% | -30.89% | -6.60% |
| Earnings Yield | 12.11% | 17.12% | 9.79% | -26.92% | -156.16% | -14.07% |
| FCF Yield | 28.45% | 30.68% | 29.65% | -57.40% | -37.90% | 37.86% |
| Dividend Yield | 1.19% | 0.60% | 8.90% | 3.20% | ||
| Payout Ratio | 8.98% | 3.47% | ||||
| Buyback Yield / Dilution | -6.55% | -13.84% | -15.50% | -1.04% | -0.54% | 1.33% |
| Total Shareholder Return | -5.36% | -13.23% | -15.50% | -1.04% | 8.36% | 4.53% |