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 | - | $41M | $73M | 33.2% | 38.5% | 122.1% |
| 2024 | $155M | - | $18M | $56M | 27.5% | 7.6% | -397.6% |
| 2023 | $144M | - | $-6M | $-13M | -17.9% | 10.8% | -72.6% |
| 2022 | $130M | - | $-23M | $-5M | -62.3% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 130.16 | 144.19 | 155.14 | 214.87 |
| Operating Revenue | - | 130.16 | 144.19 | 155.14 | 214.87 |
| Selling General And Administration | 4.18 | - | - | - | - |
| Total Expenses | - | 158.10 | 151.56 | 131.85 | 163.82 |
| EBIT | - | -25.92 | -3.36 | 26.80 | 51.49 |
| Interest Expense | - | 2.02 | 4 | 3.51 | 0.45 |
| Net Interest Income | - | -2.02 | -4 | -3.51 | -0.45 |
| Other Income Expense | - | 0.91 | 0.61 | 0.57 | 0.61 |
| Interest Expense Non Operating | - | 2.02 | 4 | 3.51 | 0.45 |
| Net Non Operating Interest Income Expense | - | -2.02 | -4 | -3.51 | -0.45 |
| Pretax Income | - | -27.94 | -7.37 | 23.29 | 51.05 |
| Tax Provision | - | -5.42 | -1.20 | 4.93 | 10.28 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | -22.52 | -6.17 | 18.36 | 40.77 |
| Net Income From Continuing And Discontinued Operation | - | -22.52 | -6.17 | 18.36 | 40.77 |
| Net Income From Continuing Operation Net Minority Interest | - | -22.52 | -6.17 | 18.36 | 40.77 |
| Net Income | - | -22.52 | -6.17 | 18.36 | 40.77 |
| Net Income Common Stockholders | - | -22.52 | -6.17 | 18.36 | 40.77 |
| Net Income Including Noncontrolling Interests | - | -22.52 | -6.17 | 18.36 | 40.77 |
| Normalized Income | - | -22.52 | -6.17 | 18.36 | 40.77 |
| Diluted NI Availto Com Stockholders | - | -22.52 | -6.17 | 18.36 | 40.77 |
| Basic Average Shares | - | 10.65 | 10.76 | 11.48 | 13.93 |
| Diluted Average Shares | - | 10.65 | 10.76 | 12.42 | 14.14 |
| Reconciled Depreciation | - | 3.30 | 2.97 | 2.45 | 2.56 |
| Depreciation And Amortization In Income Statement | - | 3.30 | 2.97 | 2.45 | 2.56 |
| General And Administrative Expense | 4.18 | - | - | - | - |
| Other Gand A | 4.18 | - | - | - | - |
| Other Operating Expenses | - | 3.11 | 2.46 | 3.63 | 4.11 |
| 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 | $219M | 5.38↓ discount | 1.79 | 33.2% | - |
| Ohio Valley Banc Corp. | OVBC | $227M | 14.56 | 1.33 | 9.2% | - |
| FB Bancorp, Inc. | FBLA | $225M | 179.93 | 0.72 | 0.4% | - |
| Peoples Bancorp of North Carolina, Inc. | PEBK | $223M | 11.26 | 1.42 | 12.6% | - |
| National Bankshares, Inc. | NKSH |
| - |
| - |
| - |
| - |
| - |
| - |
| $222M |
| 14.04 |
| 1.20 |
| 8.6% |
| - |
| Eagle Financial Services, Inc. | EFSI | $221M | 26.88 | 1.17 | 4.3% | - |
| Oportun Financial Corporation | OPRT | $220M | 8.73 | 0.57 | 6.5% | - |
| Meridian Corporation | MRBK | $220M | 10.09 | 1.10 | 10.9% | - |
| First Internet Bancorp | INBK | $211M | -6.01 | 0.59 | -9.8% | - |
| Peer Median | - | 12.65 | 1.14 | 7.5% | - | |