KINGSTONE COMPANIES, INC. KINS Income Statement

Kingstone companies, inc. (KINS)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues
Net premiums earned
124,969	127,623	123,955	117,269	110,172	103,414	96,989	90,969	83,818	77,351	71,057	65,188	63,245	61,407	59,419	56,903	52,757	48,612	44,758	41,524	37,087	32,628	29,050	25,281	23,528	22,225	20,088	18,379	17,867	17,216	16,600	16,120	15,473	14,868	13,887	12,572	0	0	0
Ceding commission revenue
7,204	4,650	3,884	3,899	4,915	5,332	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Ceding commission revenue
-	-	-	-	-	-	-	-	-	-	-	-	11,682	11,268	10,358	10,067	11,154	11,473	12,932	13,567	13,618	13,910	13,799	14,132	12,760	11,673	9,403	8,503	9,080	9,690	11,802	11,398	11,215	10,624	9,579	9,243	0	0	0
Net investment income
6,911	6,869	6,843	6,588	6,425	6,186	5,758	5,189	4,658	4,132	3,746	3,422	3,160	3,115	3,000	2,940	2,802	2,563	2,355	2,169	1,995	1,799	1,611	1,442	1,265	1,170	1,128	1,076	1,030	1,015	984	913	844	754	664	641	0	0	0
Net (losses) gains on investments
-3,888	4,591	1,494	848	62	-2,495	-290	-621	-384	84	21	241	394	529	660	378	97	-50	163	318	451	707	564	543	659	575	625	597	353	288	278	409	492	523	441	354	0	0	0
Other income
2,092	1,828	1,564	1,421	1,391	1,334	1,303	1,278	1,286	1,268	1,210	1,179	1,155	1,115	1,108	1,086	1,195	1,577	1,563	1,551	1,409	1,006	993	942	935	922	858	863	842	867	908	917	912	920	907	907	0	0	0
Total revenues
137,288	145,563	137,741	130,027	122,968	113,771	109,917	103,645	97,823	92,769	87,237	82,451	79,639	77,436	74,547	71,376	68,007	64,175	61,774	59,132	54,562	50,051	46,019	42,342	39,149	36,566	32,104	29,420	29,174	29,077	30,573	29,760	28,938	27,692	25,480	23,719	0	0	0
Expenses
Loss and loss adjustment expenses
77,433	90,182	88,143	76,659	70,163	58,295	53,103	46,880	43,158	34,185	30,205	28,266	26,598	27,789	26,701	26,616	25,600	23,180	22,045	21,533	19,770	17,032	17,307	15,207	15,441	13,586	12,006	12,259	11,425	11,234	8,641	8,883	8,298	8,571	9,215	7,458	0	0	0
Commission expense
31,238	30,193	28,862	27,677	26,395	25,342	24,102	23,008	22,093	21,182	20,418	19,521	18,946	18,327	17,683	17,100	16,174	15,317	14,566	13,651	12,955	12,125	11,197	10,654	9,829	9,362	8,574	7,963	7,690	7,246	7,187	6,831	6,530	6,230	5,760	5,387	0	0	0
Other underwriting expenses
25,046	24,420	23,625	22,388	22,047	20,943	20,529	19,811	18,934	18,115	16,772	16,336	15,732	14,866	14,465	13,815	13,180	12,833	12,349	11,806	11,373	10,656	9,918	9,684	9,087	9,018	8,748	8,141	8,204	7,848	8,184	7,914	7,653	7,372	6,625	6,319	0	0	0
Other operating expenses
4,770	4,177	3,575	3,553	3,299	2,575	2,555	2,941	3,003	3,512	3,349	2,810	2,336	1,909	1,621	1,559	1,504	1,504	1,587	1,605	1,565	1,487	1,423	1,216	1,106	1,099	949	897	956	1,000	1,140	1,174	1,185	1,203	1,291	1,408	0	0	0
Depreciation and amortization
2,630	2,545	2,389	2,183	1,980	1,787	1,653	1,591	1,493	1,402	1,312	1,196	1,159	1,124	1,117	1,122	1,080	1,032	982	964	927	874	815	732	676	646	621	606	602	596	592	586	590	602	612	620	0	0	0
Interest expense
1,826	1,826	1,826	1,826	1,821	1,821	1,425	968	516	60	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	75	79	79	82	81	73	77	95	120	154	178	0	0	0
Interest expense - mandatorily redeemable preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Total expenses
142,945	153,345	148,423	134,288	125,707	110,764	103,369	95,201	89,201	78,459	72,057	68,131	64,773	64,018	61,589	60,215	57,541	53,866	51,532	49,560	46,592	42,176	40,679	37,532	36,195	33,789	30,980	29,947	28,962	28,008	25,820	25,467	24,355	24,101	23,660	21,409	0	0	0
Loss from operations before income taxes
-5,657	-7,782	-10,681	-4,260	-2,739	3,007	6,547	8,444	8,622	14,309	15,179	14,319	14,865	13,418	12,958	11,161	10,465	10,309	10,242	9,571	7,970	7,875	5,339	4,809	2,953	2,776	1,124	-527	212	1,069	4,752	4,293	4,583	3,591	1,820	2,309	0	0	0
Income tax benefit
-1,582	-1,816	-2,380	-1,618	-1,215	-86	642	2,399	2,824	4,323	5,068	4,822	5,036	4,518	4,261	3,579	3,347	3,349	3,371	3,163	2,586	2,547	1,683	1,375	805	764	209	-227	20	302	1,596	1,364	1,441	1,088	483	845	0	0	0
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Income from discontinued operations, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net loss
-4,075	-5,966	-8,300	-2,641	-1,524	3,093	5,904	6,044	5,797	9,986	10,110	9,497	9,829	8,899	8,696	7,581	7,118	6,959	6,870	6,408	5,383	5,328	3,656	3,434	2,148	2,012	914	-299	192	766	3,156	2,928	3,141	2,503	1,352	1,491	0	0	0
Other comprehensive income (loss), net of tax
Gross change in unrealized (losses) gains on available-for-sale-securities
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-1,224	-566	988	989	1,450	749	756	341	690	853	0	0	0
Reclassification adjustment for (gains) losses included in net income
-1	122	94	179	242	464	464	311	104	-84	-21	-241	-394	-529	-660	-378	-97	50	-163	-318	-451	-707	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in unrealized (losses) gains
-1,353	9,687	8,893	7,412	2,320	-4,519	-4,737	-4,149	-1,929	1,280	-558	-1,217	-1,447	-623	1,707	1,836	-69	-700	-513	-987	1,064	971	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax benefit (expense) related to items of other comprehensive (loss) income
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	416	192	-336	-336	-493	-254	-257	-115	-234	-290	0	0	0
Other comprehensive (loss) income, net of tax
-1,069	7,653	7,036	5,856	1,833	-3,570	-3,676	-3,262	-1,615	844	-368	-803	-955	-411	1,126	1,211	-45	-462	-338	-651	702	641	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive loss
-5,144	1,686	-1,264	3,214	309	-477	2,228	2,782	4,182	10,831	9,742	8,694	8,873	8,488	9,822	8,793	7,072	6,497	6,531	5,756	6,086	5,969	4,145	4,189	1,584	1,293	106	-673	844	1,420	4,113	3,423	3,641	2,728	1,807	2,054	0	0	0
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	-	-