Kingstone companies, inc. (KINS)
Income statement / 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'11Mar'11Sep'10Jun'10
Revenues
Net premiums earned

26,941

32,606

34,220

31,201

29,595

28,938

27,533

24,104

22,837

22,513

21,514

16,953

16,369

16,219

15,646

15,010

14,531

14,230

13,129

10,865

10,385

10,377

9,895

6,429

5,926

6,800

6,125

4,676

4,623

4,662

4,416

4,164

3,972

4,046

3,937

3,517

3,367

3,065

2,622

Ceding commission revenue

3,831

1,667

1,029

675

1,277

901

1,044

1,691

1,695

-

1,717

3,305

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Ceding commission revenue

-

-

-

-

-

-

-

-

-

-

-

-

3,184

2,993

2,934

2,569

2,770

2,084

2,643

3,655

3,089

3,544

3,278

3,706

3,381

3,433

3,611

2,334

2,293

1,164

2,711

2,910

2,903

3,276

2,307

2,727

2,312

2,231

1,971

Net investment income

1,665

1,669

1,856

1,719

1,623

1,643

1,602

1,556

1,383

1,215

1,033

1,026

857

829

709

764

813

713

649

625

574

505

463

451

378

317

294

275

283

275

242

229

267

244

172

160

177

154

148

Net (losses) gains on investments

-6,444

878

998

678

2,035

-2,218

352

-106

-523

-12

20

130

-54

-75

241

283

80

55

-40

2

-67

268

115

134

188

126

94

249

105

176

65

6

39

166

196

89

70

84

110

Other income

629

636

495

329

365

372

353

300

308

342

328

308

289

284

297

284

249

277

275

393

631

263

263

250

227

251

213

243

213

187

218

222

239

227

228

217

247

214

228

Total revenues

26,623

37,459

38,600

34,605

34,898

29,637

30,885

27,546

25,701

25,783

24,614

21,724

20,647

20,251

19,828

18,911

18,444

17,362

16,657

15,542

14,613

14,960

14,015

10,972

10,102

10,928

10,339

7,779

7,519

6,466

7,654

7,534

7,422

7,962

6,841

6,712

6,175

5,750

5,080

Expenses
Loss and loss adjustment expenses

16,385

18,594

24,781

17,672

29,134

16,556

13,296

11,176

17,266

11,364

7,073

7,454

8,292

7,384

5,134

5,786

9,483

6,295

5,050

4,770

7,063

5,161

4,538

3,007

4,324

5,435

2,439

3,241

2,469

3,856

2,691

2,408

2,278

1,263

2,933

1,823

2,550

1,907

1,175

Commission expense

7,899

8,261

7,779

7,299

6,853

6,930

6,594

6,017

5,799

5,691

5,500

5,101

4,888

4,927

4,603

4,526

4,270

4,283

4,021

3,600

3,412

3,532

3,106

2,903

2,582

2,604

2,563

2,079

2,115

1,816

1,952

1,805

1,671

1,757

1,596

1,504

1,371

1,287

1,223

Other underwriting expenses

6,761

6,437

6,430

5,416

6,135

5,642

5,193

5,075

5,031

5,228

4,475

4,199

4,212

3,884

4,039

3,596

3,346

3,483

3,389

2,961

2,999

2,999

2,845

2,529

2,281

2,261

2,611

1,931

2,213

1,992

2,004

1,994

1,857

2,327

1,734

1,734

1,576

1,580

1,428

Other operating expenses

1,563

1,403

705

1,097

971

801

683

843

246

781

1,069

906

755

617

530

432

329

329

468

377

328

412

485

338

250

349

279

227

243

199

226

287

286

339

260

299

303

428

377

Depreciation and amortization

687

669

646

627

602

513

440

424

409

379

378

326

318

289

262

289

283

282

267

246

235

232

248

209

183

173

165

153

152

148

150

150

146

145

144

154

158

155

151

Interest expense

456

456

456

456

456

456

456

451

456

60

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

19

17

21

20

19

20

20

12

23

38

45

46

47

Interest expense - mandatorily redeemable preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

37

Total expenses

33,754

35,822

40,799

32,569

44,153

30,900

26,664

23,989

29,210

23,504

18,496

17,988

18,468

17,103

14,570

14,631

17,713

14,674

13,196

11,957

14,038

12,339

11,224

8,989

9,622

10,843

8,077

7,652

7,216

8,034

7,044

6,666

6,262

5,846

6,691

5,555

6,007

5,405

4,440

Loss from operations before income taxes

-7,130

1,636

-2,199

2,035

-9,255

-1,262

4,220

3,556

-3,508

2,278

6,117

3,735

2,178

3,148

5,257

4,280

731

2,687

3,460

3,585

574

2,620

2,790

1,983

479

85

2,261

127

303

-1,567

609

867

1,160

2,115

150

1,157

168

344

639

Income tax benefit

-1,686

182

-474

396

-1,919

-382

287

799

-790

346

2,043

1,224

707

1,092

1,797

1,438

190

835

1,115

1,206

192

857

907

629

152

-5

599

59

112

-560

162

306

394

732

-69

383

41

128

291

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

215

348

Income from discontinued operations, net of taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

10

Net loss

-5,444

1,454

-1,725

1,639

-7,335

-879

3,933

2,757

-2,717

1,931

4,073

2,510

1,470

2,055

3,460

2,842

541

1,852

2,345

2,379

382

1,763

1,883

1,354

327

90

1,662

68

191

-1,006

447

560

765

1,382

219

773

126

232

358

Other comprehensive income (loss), net of tax
Gross change in unrealized (losses) gains on available-for-sale-securities

-6,727

-

1,323

3,679

4,188

-

-242

-1,475

-2,873

-

499

951

524

-

60

873

1,484

-

-92

-1,313

705

-

-410

870

868

-

-123

-1,260

445

-285

533

294

447

174

-166

301

31

523

-3

Reclassification adjustment for (gains) losses included in net income

-102

41

46

12

22

12

131

76

243

12

-20

-130

54

75

-241

-283

-80

-55

40

-2

67

-268

-115

-134

-188

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in unrealized (losses) gains

-6,829

414

1,370

3,691

4,211

-380

-110

-1,399

-2,629

-598

478

820

579

-2,436

-180

590

1,403

-106

-51

-1,315

773

80

-525

736

680

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax benefit (expense) related to items of other comprehensive (loss) income

1,434

-

-287

-775

-884

-

12

293

552

-

-162

-279

-196

-

61

-200

-477

-

17

447

-262

-

178

-250

-231

-

42

428

-151

97

-181

-100

-152

-59

56

-102

-10

-178

1

Other comprehensive (loss) income, net of tax

-5,395

327

1,082

2,916

3,326

-289

-98

-1,105

-2,077

-394

315

541

382

-1,608

-119

389

926

-70

-34

-868

510

52

-346

485

449

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive loss

-10,839

1,781

-642

4,555

-4,008

-1,169

3,835

1,651

-4,795

1,536

4,389

3,052

1,852

447

3,341

3,231

1,467

1,782

2,311

1,511

892

1,816

1,536

1,840

776

-7

1,580

-763

485

-1,195

800

754

1,060

1,498

109

972

147

577

356

Loss per common share:
Basic

-0.50

0.14

-0.16

0.15

-0.68

-0.09

0.37

0.26

-0.25

0.19

0.38

0.24

0.15

0.28

0.44

0.36

0.07

0.26

0.32

0.32

0.05

0.23

0.26

0.19

0.05

0.00

0.44

0.02

0.05

-0.27

0.12

0.15

0.20

0.36

0.06

0.20

0.03

-

-

Diluted

-0.50

0.14

-0.16

0.15

-0.68

-0.07

0.36

0.25

-0.25

0.18

0.38

0.23

0.15

0.28

0.43

0.36

0.07

0.25

0.32

0.32

0.05

0.24

0.26

0.18

0.04

0.00

0.43

0.02

0.05

-0.26

0.11

0.15

0.20

0.35

0.06

0.20

0.03

-

-

Weighted average common shares outstanding
Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.06

0.11

Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

Income per common share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.06

0.11

Basic

10,807

10,785

10,779

10,771

10,757

10,731

10,681

10,664

10,669

10,641

10,626

10,622

9,663

7,918

7,911

7,794

7,322

7,334

7,334

7,337

7,318

7,301

7,294

7,287

7,266

4,420

3,811

3,827

3,840

3,841

3,824

3,789

3,771

3,833

3,838

3,838

3,838

3,833

3,079

Diluted

10,807

10,771

10,779

10,785

10,757

10,586

10,791

10,820

10,669

10,822

10,832

10,822

9,848

8,042

7,972

7,853

7,360

7,422

7,381

7,362

7,344

7,319

7,378

7,358

7,372

4,530

3,887

3,906

3,914

3,895

3,936

3,883

3,771

4,012

3,913

3,918

3,838

3,833

3,079

Dividends declared and paid per common share

0.06

0.06

0.06

0.10

0.10

0.10

0.10

0.10

0.10

0.08

0.08

0.08

0.06

0.06

0.06

0.06

0.06

0.06

0.05

0.05

0.05

0.05

0.05

0.04

0.04

0.04

0.04

0.04

0.04

0.04

0.04

0.03

0.03

0.03

0.03

0.00

0.00

-

-