Loading…
Kingstone Companies, Inc., through its subsidiary, Kingstone Insurance Company, provides property and casualty insurance products in the United States. The company offers personal line of insurance products, such as homeowners, dwelling fire, cooperative/condominiums, renters, and personal umbrella policies; and commercial auto insurance products. It also underwrites for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; and canine legal liability policies. The company provides its products through retail and wholesale agents and brokers. The company was formerly known as DCAP Group, Inc. and changed its name to Kingstone Companies, Inc. in July 2009. Kingstone Companies, Inc. was founded in 1886 and is headquartered in Kingston, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $215M | $51M | $41M | $73M | 33.2% | 38.5% | 122.1% |
| 2024 | $155M | $27M | $18M | $56M | 27.5% | 7.6% | - |
| 2023 | $144M | $-3M | $-6M | $-13M | -17.9% | 10.8% | - |
| 2022 | $130M | $-26M | $-23M | $-5M | -62.3% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 130.16 | 144.19 | 155.14 | 214.87 |
| EBIT | -25.92 | -3.36 | 26.80 | 51.49 |
| Pretax Income | -27.94 | -7.37 | 23.29 | 51.05 |
| Tax Provision | -5.42 | -1.20 | 4.93 | 10.28 |
| Net Income | -22.52 | -6.17 | 18.36 | 40.77 |
| Net Income Common Stockholders | -22.52 | -6.17 | 18.36 | 40.77 |
| Total Expenses | 158.10 | 151.56 | 131.85 | 163.82 |
| Interest Expense | 2.02 | 4 | 3.51 | 0.45 |
| Selling General And Administration | 0 | 0 | 0 | 0 |
| Normalized Income | -22.52 | -6.17 | 18.36 | 40.77 |
| Basic EPS | -2.12 | -0.57 | 1.60 | 2.93 |
| Diluted EPS | -2.12 | -0.57 | 1.48 | 2.88 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.19 | 0.16 | 0.21 | 0.20 |
| Net Income From Continuing Operation Net Minority Interest | -22.52 | -6.17 | 18.36 | 40.77 |
| Reconciled Depreciation | 3.30 | 2.97 | 2.45 | 2.56 |
| Net Interest Income | -2.02 | -4 | -3.51 | -0.45 |
| Net Income From Continuing And Discontinued Operation | -22.52 | -6.17 | 18.36 | 40.77 |
| Diluted Average Shares | 10.65 | 10.76 | 12.42 | 14.14 |
| Basic Average Shares | 10.65 | 10.76 | 11.48 | 13.93 |
| Diluted NI Availto Com Stockholders | -22.52 | -6.17 | 18.36 | 40.77 |
| Net Income Including Noncontrolling Interests | -22.52 | -6.17 | 18.36 | 40.77 |
| Net Income Continuous Operations | -22.52 | -6.17 | 18.36 | 40.77 |
| Other Income Expense | 0.91 | 0.61 | 0.57 | 0.61 |
| Net Non Operating Interest Income Expense | -2.02 | -4 | -3.51 | -0.45 |
| Interest Expense Non Operating | 2.02 | 4 | 3.51 | 0.45 |
| Other Operating Expenses | 3.11 | 2.46 | 3.63 | 4.11 |
| Depreciation And Amortization In Income Statement | 3.30 | 2.97 | 2.45 | 2.56 |
| General And Administrative Expense | 0 | 0 | 0 | 0 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Operating Revenue | 130.16 | 144.19 | 155.14 | 214.87 |
| Loss Adjustment Expense | 88.39 | 82.85 | 62.63 | 84.27 |
| Net Policyholder Benefits And Claims | 88.39 | 82.85 | 62.63 | 84.27 |
| Policyholder Benefits Gross | 128.05 | 123.94 | 82.87 | 103.29 |
| Policyholder Benefits Ceded | 39.66 | 41.09 | 20.23 | 19.02 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Kingstone Companies, Inc.this co. | KINS | $245M | 5.89↓ discount | 1.99 | 33.2% | 4.55 |
| Oportun Financial Corporation | OPRT | $258M | 10.92 | 0.66 | 6.5% | - |
| First National Corporation | FXNC | $253M | 14.26 | 1.35 | 9.5% | - |
| C&F Financial Corporation | CFFI | $249M | 8.81 | 0.94 | 10.2% | - |
| Ames National Corporation | ATLO |
| $248M |
| 11.57 |
| 1.19 |
| 9.2% |
| - |
| Chain Bridge Bancorp, Inc. | CBNA | $243M | 11.18 | 1.43 | 12.0% | - |
| Princeton Bancorp, Inc. | BPRN | $242M | 12.49 | 0.88 | 6.9% | - |
| First United Corporation | FUNC | $239M | 9.50 | 1.17 | 12.0% | - |
| Security National Financial Corporation | SNFCA | $238M | 7.63 | 0.58 | 7.8% | 4.28 |
| Peer Median | - | 11.05 | 1.05 | 9.3% | 4.28 | |