KINGSTONE COMPANIES, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $77.4m $92.8m $113.8m $145.6m $131.4m $161.2m $130.2m $144.2m $155.1m $214.9m
Revenues:
Operating Expenses $132.7m $170.6m $158.1m $151.6m $131.9m $163.8m
Additional Financial Items
Other Income $1.1m $1.3m $1.3m $1.8m $991k $851k $910k $610k $568k $611k
Realized Investment Gains (Losses) $529k $84k ($2.5m) $4.6m $1.6m $9.8m ($9.4m) $2.1m $415k ($310k)
Amortization of Intangible Assets $408k $340k $340k $170k $0 $0 $0 $0 $0 $0
Debt and Equity Securities, Realized Gain (Loss) $2.0m
Depreciation, Depletion and Amortization, Nonproduction $1.1m $1.4m $1.8m $2.5m $2.9m $3.3m $3.3m $3.0m $2.4m $2.6m
Gains (Losses) on Sales of Investment Real Estate $2.0m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $27.9m ($7.4m) $23.3m $51.0m
Policyholder Benefits and Claims Incurred, Net $27.8m $34.2m $58.3m $90.2m $82.8m $62.6m $84.3m
Premiums Earned, Net $61.4m $77.4m $103.4m $127.6m $108.1m $143.9m $114.4m $114.4m $128.5m $187.1m
Net Investment Income $3.1m $4.1m $6.2m $6.9m $6.5m $6.6m $4.9m $6.0m $6.8m $9.8m
Investment Income, Net $3.1m $4.1m $6.2m $6.9m $6.5m $6.6m $4.9m $6.0m $6.8m $9.8m
Net Income (Loss) Attributable to Parent $8.9m $10.0m $3.1m ($6.0m) $972k ($7.4m) ($22.5m) ($6.2m) $18.4m $40.8m
Earnings Per Share, Basic $1.15 $0.96 $0.29 ($0.55) $0.09 ($0.70) ($2.12) ($0.57) $1.60 $2.93
Earnings Per Share, Diluted $1.14 $0.94 $0.29 ($0.55) $0.09 ($0.70) ($2.12) ($0.57) $1.48 $2.88
Common Stock, Dividends, Per Share, Declared $1.15 $0.96 $0.29 ($0.55) $0.18 $0.16 $0.12 $0.00 $0.00 $0.10
Weighted Average Number of Shares Outstanding, Basic 7.7m 10.4m 10.7m 10.8m 10.7m 10.6m 10.6m 10.8m 11.5m 13.9m
Weighted Average Number of Shares Outstanding, Diluted 7.8m 10.6m 10.7m 10.8m 10.7m 10.6m 10.6m 10.8m 12.4m 14.1m
Expenses
Interest Expense $0 $60k $1.8m $1.8m $1.8m $1.8m $2.0m $4.0m $3.5m $445k
Other Cost and Expense, Operating $1.9m $3.5m $2.6m $4.2m $4.3m $4.2m $3.1m $2.5m $3.6m $4.1m
Current Income Tax Expense (Benefit) $4.5m $4.3m $86k $1.8m ($755k) $0 $0 $1.2m $4.9m $10.3m
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Amortization $24.3m $38.1m
Interest Expense Operating $3.5m $445k
Income Tax Expense (Benefit) $4.5m $4.3m ($86k) ($1.8m) ($2.3m) ($2.0m) ($5.4m) ($1.2m) $4.9m $10.3m
Benefits, Losses and Expenses $64.0m $78.5m $110.8m $153.3m