Kingstone companies, inc. (KINS)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Assets
Fixed-maturity securities, held-to-maturity, at amortized cost (fair value of $4,136,710 at March 31, 2020 and $4,124,767 at December 31, 2019)

3,826

3,825

3,825

3,824

3,824

4,222

4,222

4,870

4,870

4,869

4,846

4,895

4,895

5,094

5,094

5,072

5,140

5,138

5,137

5,135

5,132

5,128

5,125

4,621

3,969

2,399

1,448

606

606

606

606

606

606

606

606

606

605

Fixed-maturity securities, available-for-sale, at fair value (amortized cost of $152,675,779 at March 31, 2020 and $162,202,355 at December 31, 2019)

151,879

168,236

166,220

164,334

160,477

151,777

141,360

142,545

129,149

119,988

111,789

112,423

100,687

80,428

81,078

73,398

73,230

62,502

62,095

56,852

54,301

51,120

47,998

41,595

37,087

28,436

25,351

22,395

25,842

26,181

23,102

22,164

22,017

22,568

17,951

18,570

16,339

Equity securities, at fair value (cost of $22,430,037 at March 31, 2020 and $22,624,668 at December 31, 2019)

18,368

24,661

23,499

22,738

19,663

16,572

18,876

17,384

16,600

14,286

13,221

11,772

10,102

9,987

10,363

10,962

10,025

9,204

9,493

9,275

9,237

8,017

9,160

9,402

8,513

6,796

6,789

7,190

7,112

5,290

5,230

4,617

4,665

4,065

4,143

2,951

2,983

Other investments

1,987

2,584

2,425

2,335

2,147

1,855

2,241

2,120

2,027

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total investments

176,062

199,308

195,971

193,234

186,113

174,428

166,701

166,921

152,647

139,144

129,857

129,092

115,685

95,511

96,537

89,433

88,396

76,845

76,725

71,263

68,670

64,267

62,284

55,620

49,570

37,632

33,589

30,192

33,561

32,078

28,939

27,387

27,288

27,240

22,701

22,128

19,927

Cash and cash equivalents

25,586

32,391

25,639

18,895

15,764

21,138

29,893

19,387

31,594

48,381

25,880

14,357

23,235

12,044

12,430

14,638

5,579

13,551

6,731

3,932

6,283

9,906

5,028

6,824

8,563

19,922

4,186

4,384

2,828

2,240

2,447

1,025

312

173

3,031

87

326

Investment subscription receivable

-

-

-

-

-

-

0

0

0

2,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Premiums receivable, net

11,913

12,706

14,352

14,958

14,211

13,961

13,484

14,337

13,065

13,217

13,394

13,126

11,728

11,649

11,516

11,250

10,522

10,621

10,832

10,498

9,428

8,946

9,324

9,249

8,102

7,590

8,202

8,367

7,396

7,766

6,854

6,951

6,322

5,779

6,038

6,239

5,001

Receivables - reinsurance contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,285

2,126

1,436

1,301

1,750

1,068

858

974

-

-

-

0

2,668

3,423

2,591

1,734

685

2,902

1,174

Reinsurance receivables, net

42,709

40,750

26,580

28,643

26,157

26,367

25,018

27,892

31,895

28,519

24,971

34,543

33,502

32,197

31,212

35,354

35,830

31,270

31,171

38,741

36,551

35,575

35,324

44,423

43,531

37,560

36,124

34,533

33,621

38,902

27,182

26,166

25,183

23,880

25,643

23,043

20,720

Deferred policy acquisition costs

19,571

20,634

20,491

19,413

18,154

17,907

17,123

16,071

15,130

14,847

14,381

13,284

12,467

12,239

12,032

11,548

10,977

10,835

10,456

9,759

9,035

8,985

8,644

7,996

-

6,860

-

-

-

-

-

-

-

-

-

-

-

Notes receivable-sale of business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

314

-

331

339

386

393

400

407

705

Deferred policy acquisition costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,193

-

6,616

6,206

5,552

5,569

5,397

5,092

4,716

4,535

4,415

4,205

3,619

Intangible assets, net

500

500

500

500

585

670

755

840

925

1,010

1,095

1,180

1,265

1,350

1,435

1,520

1,638

1,757

1,876

1,995

2,114

2,233

2,352

2,471

2,590

2,709

2,828

2,947

3,066

3,184

3,303

3,422

3,541

3,660

3,779

3,898

4,136

Property and equipment, net

7,365

7,620

7,582

7,350

6,875

6,056

5,798

5,456

5,132

4,772

4,187

3,838

3,375

3,011

3,161

3,143

3,169

3,152

3,222

2,822

2,497

2,448

2,475

2,443

2,295

2,038

2,021

1,961

1,918

1,868

1,640

1,652

1,630

1,646

1,633

1,532

1,585

Deferred income taxes, net

1,347

311

540

216

0

354

122

429

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

7,477

6,979

6,762

6,256

9,525

5,867

4,476

4,052

4,020

2,655

1,638

1,268

1,430

1,442

1,153

1,042

1,511

1,095

1,341

1,321

1,371

1,330

1,745

1,177

1,447

1,494

973

1,183

552

1,887

1,076

952

681

660

625

624

1,486

Total assets

292,534

321,202

298,420

289,468

277,387

266,752

263,372

255,389

254,411

254,548

215,406

210,691

202,691

169,446

169,479

167,930

157,625

149,129

144,643

142,461

137,389

134,996

128,930

131,274

124,153

116,783

94,543

89,776

88,812

93,498

79,841

76,413

72,655

69,704

68,953

65,069

58,682

Liabilities
Loss and loss adjustment expense reserves

77,851

80,498

77,409

69,675

69,110

56,197

53,942

49,257

56,272

48,799

42,290

44,196

44,611

41,736

39,802

44,335

46,030

39,876

38,899

41,248

42,151

39,912

36,922

39,704

40,043

34,503

29,517

28,357

28,309

30,485

22,283

20,798

19,933

18,480

21,373

18,505

17,711

Unearned premiums

84,478

90,383

90,068

85,488

79,660

79,032

75,574

71,139

66,654

65,647

63,442

59,034

55,322

54,994

53,763

51,460

49,013

48,890

47,441

44,109

40,926

40,458

39,652

37,202

33,466

32,335

31,460

29,435

26,563

26,012

25,309

23,932

22,253

21,283

21,101

20,190

17,277

Advance premiums

-3,143

-3,191

-3,737

-3,468

-3,064

-2,107

-2,888

-2,831

-2,216

-1,477

-2,086

-2,169

-1,965

-1,421

-2,046

-1,789

-1,731

-1,199

-1,555

-1,382

-1,414

-1,006

-1,263

-1,280

-1,165

-776

-1,045

-841

-767

-610

-497

-550

-577

-544

637

605

-410

Reinsurance balances payable

5,337

11,714

809

2,806

1,201

1,933

1,723

4,185

3,017

2,563

1,812

2,803

2,108

2,146

3,996

3,905

3,225

1,688

1,342

2,749

2,018

2,096

2,057

3,881

2,982

2,566

3,217

5,338

6,242

1,820

3,164

3,556

3,103

2,761

2,922

3,004

1,106

Advance payments from catastrophe reinsurers

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

7,358

-

-

-

0

-

-

-

Deferred ceding commission revenue

6,935

7,735

1,828

3,100

2,745

2,686

2,517

4,759

4,347

4,266

3,953

7,228

6,772

6,851

6,652

6,662

6,416

6,435

6,069

6,328

5,902

5,956

5,688

7,774

7,117

6,984

6,580

5,464

4,922

4,877

4,662

4,467

4,149

3,982

3,857

3,672

3,219

Notes payable (includes payable to related parties of $-0- at December 31, 2013 and $378,000 at December 31, 2012)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

957

877

747

1,197

1,097

997

997

1,047

747

747

1,460

Accounts payable, accrued expenses and other liabilities

8,409

9,986

8,403

7,877

7,450

6,819

6,108

5,281

4,501

7,487

6,874

4,598

3,212

5,448

4,893

4,021

2,960

4,826

4,334

3,275

2,670

3,928

3,240

2,557

2,301

3,215

3,212

2,600

2,823

3,067

3,246

3,249

3,084

4,505

2,321

-

2,553

Income taxes payable

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

263

-

-

-

0

-

-

-

-

-

-

-

-

-

0

365

-

-

-

0

Income taxes payable

-

-

-

-

-

15

-

-

-

0

-

-

202

-

540

739

917

-

322

454

-

-

-

185

-

-

659

-

-

-

-

-

-

-

-

-

-

Accounts payable, accrued expenses and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,115

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

194

164

-

Deferred income taxes, net

-

-

-

-

-1,040

-

0

0

-77

-600

-1,128

-339

-396

-166

-1,115

-1,224

-1,106

-672

-655

-888

-1,390

-1,137

-1,103

-937

-868

-693

-859

-1,281

-1,814

-1,787

-1,952

-1,886

-1,872

-1,789

1,652

1,935

-1,998

Long-term debt, net

29,515

29,471

29,427

29,383

29,339

29,295

29,251

29,207

29,163

29,126

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

215,671

232,981

211,684

201,799

193,612

178,086

172,006

166,662

166,250

159,970

121,589

120,372

114,592

112,765

112,811

114,139

111,402

103,852

100,620

100,437

96,473

94,495

89,928

93,523

87,944

81,074

77,509

74,197

72,190

77,216

62,212

59,438

56,337

54,394

54,808

50,941

45,738

Commitments and Contingencies (note 11)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

0

0

-

-

-

-

-

-

0

Stockholders' Equity
Preferred stock, $.01 par value; authorized 2,500,000 shares

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $.01 par value; authorized 20,000,000 shares; issued 11,851,266 shares at March 31, 2020 and 11,824,889 at December 31, 2019; outstanding 10,781,393 shares at March 31, 2020 and 10,797,450 shares at December 31, 2019

118

118

118

118

117

117

117

116

116

116

116

116

115

88

88

88

82

82

82

82

82

82

82

82

81

81

47

47

47

47

47

46

46

46

46

46

46

Capital in excess of par

69,533

69,133

68,755

68,373

67,957

67,763

68,220

68,347

68,163

68,380

68,306

68,218

68,152

37,950

37,891

37,861

33,019

32,987

32,982

32,928

32,889

32,873

32,825

32,723

32,705

32,692

13,891

13,863

13,859

13,851

13,839

13,823

13,808

13,739

13,719

13,698

13,633

Accumulated other comprehensive (loss) income

-626

4,768

4,441

3,359

442

-2,884

-2,595

-2,496

-1,391

1,100

1,312

996

455

72

1,681

1,800

1,410

484

554

588

1,456

946

893

1,240

754

305

404

485

1,317

1,023

1,212

859

665

370

255

365

145

Retained earnings

10,792

16,913

16,132

18,531

17,969

26,380

28,335

25,471

23,780

27,152

26,254

23,031

21,370

20,563

19,002

16,036

13,688

13,605

12,211

10,232

8,219

8,203

6,805

5,286

4,223

4,187

4,248

2,739

2,824

2,787

3,947

3,653

3,206

2,554

1,286

1,182

281

Total

79,817

90,934

89,448

90,382

86,487

91,378

94,078

91,439

90,670

96,750

95,989

92,362

90,093

58,676

58,663

55,786

48,201

47,159

45,831

43,831

42,648

42,105

40,605

39,332

37,765

37,266

18,591

17,136

18,049

17,709

19,047

18,383

17,726

16,710

15,307

-

14,107

Total

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,291

-

Treasury stock, at cost, 1,069,873 shares at March 31, 2020 and 1,027,439 shares at December 31, 2019

2,955

2,712

2,712

-2,712

-2,712

2,712

-2,712

-2,712

-2,509

2,172

-2,172

-2,043

-1,995

1,995

-1,995

-1,995

-1,978

1,882

-1,808

-1,808

-1,732

-1,604

-1,604

-1,580

-1,557

-1,557

-1,557

-1,557

-1,427

-1,427

-1,418

-1,408

-1,408

-1,400

-1,163

-1,163

-1,163

Total stockholders' equity

76,862

88,221

86,735

87,669

83,775

88,665

91,365

88,726

88,161

94,577

93,817

90,318

88,098

56,680

56,668

53,791

46,223

45,277

44,023

42,023

40,915

40,500

39,001

37,751

36,208

35,709

17,034

15,578

16,622

16,281

17,628

16,975

16,318

15,310

14,144

14,128

12,943

Total liabilities and stockholders' equity

292,534

321,202

298,420

289,468

277,387

266,752

263,372

255,389

254,411

254,548

215,406

210,691

202,691

169,446

169,479

167,930

157,625

149,129

144,643

142,461

137,389

134,996

128,930

131,274

124,153

116,783

94,543

89,776

88,812

93,498

79,841

76,413

72,655

69,704

68,953

65,069

58,682