Kingstone Companies Inc (OQ:KINS)

Sector:  Financials Industry:  Property & Casualty Insurance
 
See Regulatory Filings on SEC
Company Contact
Address: 15 Joys Ln
KINGSTON NY 12401
Tel: N/A
Website: https://www.kingstonecompanies.com/corporate-profile/default.aspx
IR: See website
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Key People
Barry B. Goldstein
Executive Chairman of the Board
Meryl S. Golden
President, Chief Executive Officer, Director
Jennifer L. Gravelle
Chief Financial Officer, Vice President, Treasurer
Sarah Chen
Senior Vice President, Chief Actuary of Kingstone Insurance Company
Floyd R. Tupper
Secretary, Independent Director
 
Business Overview
Kingstone Companies, Inc., through its wholly owned subsidiary, Kingstone Insurance Company, operates as a property and casualty insurance company. The Company's property insurance covers the financial consequences of accidental losses to the insured's property, such as a home and the personal property in it, or a business owner's building, inventory and equipment. Casualty insurance (also referred to as liability insurance) covers the financial consequences related to the legal liability of an individual or an organization resulting from negligent acts and omissions that cause bodily injury and/or property damage to a third party. The Company's product lines include personal lines, livery physical damage, and other. Its personal lines consist of homeowners and dwelling fire multi-peril, cooperative/condominiums, renters, and personal umbrella policies. The Company writes for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs.
Financial Overview
For the nine months ended 30 September 2023, Kingstone Companies Inc revenues increased 16% to $107.6M. Net loss decreased 51% to $9.1M. Revenues reflect Property and casualty insurance segment increase of 100% to $71M. Lower net loss reflects GAAP Loss Ratio - %-Other increase from -11.4 to 188.1%, Other underwriting expenses decrease of 4% to $19.9M (expense).
Employees: 95 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $51.95M as of Sep 30, 2023
Annual revenue (TTM): $144.68M as of Sep 30, 2023
EBITDA (TTM): -$9.39M as of Sep 30, 2023
Net annual income (TTM): -$13.06M as of Sep 30, 2023
Free cash flow (TTM): -$11.34M as of Sep 30, 2023
Net Debt Last Fiscal Year: $10.09M as of Sep 30, 2023
Shares outstanding: 10,759,330 as of Nov 20, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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