Kingstone Companies, Inc. (KINS) 10-Year Financial Performance & Capital Metrics

KINS • • Insurance & Managed Care

Financial ServicesProperty & Casualty InsurancePersonal Lines InsuranceRegional Personal Lines

AboutKingstone Companies, Inc., through its subsidiary, Kingstone Insurance Company, underwrites property and casualty insurance products to individuals in New York. The company offers personal line of insurance products, including homeowners and dwelling fire multi-peril, cooperative/condominiums, renters, and personal umbrella policies. It also provides for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; and canine legal liability policies, as well as reinsurance products. It sells 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.Show more

Revenue $155M +7.6%
Combined Ratio 84.99% -19.1%
Net Income $18M +397.6%
Return on Equity 36.28% +307.8%
Medical Cost Ratio 62.24% -22.8%
Operating Margin 15.01% +393.9%
Net Margin 11.83% +376.6%
ROA 5.3% +374.2%
Equity / Assets 17.79% +63.8%
Book Value per Share 5.37 +67.4%
Tangible BV/Share 5.33 +68.6%
Debt/Equity 0.17 -77.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Profitable underwriting: 85.0% combined ratio
✓Strong Piotroski F-Score: 7/9

✗Weaknesses

✗Shares diluted 15.5% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y11.98%

5Y1.34%

3Y-1.28%

TTM-3.17%

Profit (Net Income) CAGR

10Y13.17%

5Y-

3Y-

TTM29.67%

EPS CAGR

10Y7.47%

5Y-

3Y-

TTM67.18%

ROCE

10Y Avg1.53%

5Y Avg-1.54%

3Y Avg-1.44%

Latest6.94%

Peer Comparison

Regional Personal Lines

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NODKNI Holdings, Inc.	274.26M	13.31	55.46	6.97%	0.87%	1.06%	13.68%
HMNHorace Mann Educators Corporation	1.74B	42.88	17.29	8.21%	10.24%	11.39%	25.91%	0.42
SAFTSafety Insurance Group, Inc.	1.14B	76.49	16.00	19.85%	7.13%	9.7%	10.91%	0.06
UFCSUnited Fire Group, Inc.	912.14M	35.75	14.96	13.98%	8.22%	12.38%	36.01%	0.15
DGICADonegal Group Inc.	608.25M	19.58	12.80	6.71%	8.72%	13.73%	11.09%	0.06
MCYMercury General Corporation	5.06B	91.39	10.82	18.27%	7.55%	19.69%	19.58%	0.30
KINSKingstone Companies, Inc.	225.09M	15.91	10.75	7.6%	14.2%	0.02%	24.71%	0.17
KMPRKemper Corporation	2.26B	38.61	7.86	-5.74%	5.14%	9.14%	14.59%	0.50

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	64.18M	77.44M	92.77M	113.77M	145.12M	131.37M	161.23M	130.16M	144.19M	155.14M
Revenue Growth %	0.28%	0.21%	0.2%	0.23%	0.28%	-0.09%	0.23%	-0.19%	0.11%	0.08%
Medical Costs & Claims+	38.5M	46.12M	55.37M	83.64M	120.28M	98.26M	135.09M	122.97M	116.21M	96.56M
Medical Cost Ratio %	-	-	-	-	-	-	-	-	-	-
Gross Profit+	25.68M	31.32M	37.4M	30.13M	24.84M	33.11M	26.14M	7.19M	27.98M	58.58M
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.23%	0.22%	0.19%	-0.19%	-0.18%	0.33%	-0.21%	-0.73%	2.89%	1.09%
Operating Expenses+	15.37M	17.9M	23.03M	27.13M	32.63M	34.4M	35.55M	35.13M	35.34M	35.29M
OpEx / Revenue %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	1.03M	1.12M	1.4M	1.79M	2.55M	2.86M	3.29M	3.3M	2.97M	2.45M
Combined Ratio %	-	-	-	-	-	-	-	-	-	-
Operating Income+	10.31M	13.42M	14.37M	3.01M	-7.78M	-1.29M	-9.41M	-27.94M	-7.37M	23.29M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.31%	0.3%	0.07%	-0.79%	-3.59%	0.83%	-6.31%	-1.97%	0.74%	4.16%
EBITDA+	11.34M	14.54M	15.77M	4.79M	-5.24M	1.58M	-6.12M	-24.64M	-4.39M	25.74M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense	0	0	60.34K	1.82M	1.83M	1.83M	1.83M	2.02M	4M	3.51M
Non-Operating Income	0	0	0	-1.82M	-1.83M	-1.83M	-1.83M	-2.02M	-4M	-3.51M
Pretax Income+	10.31M	13.42M	14.31M	3.01M	-7.78M	-1.29M	-9.41M	-27.94M	-7.37M	23.29M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	3.35M	4.52M	4.32M	-86.18K	-1.82M	-2.26M	-2.03M	-5.42M	-1.2M	4.93M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	6.96M	8.9M	9.99M	3.09M	-5.97M	972.39K	-7.38M	-22.52M	-6.17M	18.36M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.31%	0.28%	0.12%	-0.69%	-2.93%	1.16%	-8.59%	-2.05%	0.73%	3.98%
EPS (Diluted)+	0.94	1.14	0.94	0.29	-0.55	0.09	-0.70	-2.12	-0.57	1.48
EPS Growth %	0.31%	0.21%	-0.18%	-0.69%	-2.9%	1.16%	-8.73%	-2.03%	0.73%	3.6%
EPS (Basic)	0.95	1.15	0.96	0.29	-0.55	0.09	-0.70	-2.12	-0.57	1.60
Diluted Shares Outstanding	7.38M	7.81M	10.58M	10.72M	10.77M	10.73M	10.59M	10.65M	10.76M	12.42M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	149.13M	169.45M	254.55M	266.75M	321.2M	317.58M	331.31M	320.33M	317.63M	374.92M
Asset Growth %	0.1%	0.14%	0.5%	0.05%	0.2%	-0.01%	0.04%	-0.03%	-0.01%	0.18%
Total Investment Assets+	76.85M	95.51M	139.14M	174.43M	199.31M	202.85M	213.59M	179.09M	174.63M	21.73M
Long-Term Investments	5.14M	5.09M	4.87M	6.08M	31.07M	45.3M	55.51M	24.37M	170.74M	21.73M
Short-Term Investments	71.71M	90.42M	134.27M	168.35M	168.24M	157.55M	158.08M	154.72M	148.92M	0
Total Current Assets+	127.15M	146.31M	226.39M	229.82M	254.08M	234.29M	234.98M	247.02M	0	28.67M
Cash & Equivalents	13.55M	12.04M	48.38M	21.14M	32.39M	19.46M	24.29M	11.96M	8.98M	28.67M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	0	0	0	0	0	0	0	0	-247.1M	-91.09M
Goodwill & Intangibles+	12.59M	13.59M	15.86M	18.58M	21.13M	20.64M	22.74M	24.32M	500K	500K
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	12.59M	13.59M	15.86M	18.58M	21.13M	20.64M	22.74M	24.32M	500K	500K
PP&E (Net)	3.15M	3.01M	4.77M	6.06M	7.62M	8.08M	9.29M	10.54M	9.4M	9.28M
Other Assets	1.1M	1.44M	2.66M	6.22M	7.29M	9.26M	8.79M	14.08M	-180.63M	314.74M
Total Liabilities	103.85M	112.77M	159.97M	178.09M	232.98M	224.78M	255.64M	284.16M	283.13M	308.21M
Total Debt+	0	0	29.13M	29.3M	29.47M	29.65M	29.82M	25.16M	25.24M	11.17M
Net Debt	-13.55M	-12.04M	-19.25M	8.16M	-2.92M	10.18M	5.53M	13.2M	16.27M	-17.5M
Long-Term Debt	0	0	29.13M	29.3M	29.47M	29.65M	29.82M	25.16M	25.24M	11.17M
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Total Current Liabilities+	13.56M	15.19M	20.1M	17.54M	21.7M	6.98M	12.96M	13.06M	0	10.51M
Accounts Payable	1.69M	2.15M	2.56M	1.93M	11.71M	6.98M	12.96M	13.06M	12.84M	10.51M
Deferred Revenue	0	0	0	0	0	0	0	0	0	11.54B
Other Current Liabilities	-78.36M	-85.11M	-98.39M	15.59M	9.39M	0	0	0	-12.84M	-11.54B
Deferred Taxes	672.19K	166.95K	600.34K	15.04K	0	1000K	0	0	0	0
Other Liabilities	83.19M	90.56M	105.87M	128.57M	174.07M	183.9M	203.11M	235.32M	-34.7M	274.99M
Total Equity+	45.28M	56.68M	94.58M	88.67M	88.22M	92.8M	75.67M	36.17M	34.5M	66.71M
Equity Growth %	0.12%	0.25%	0.67%	-0.06%	-0.01%	0.05%	-0.18%	-0.52%	-0.05%	0.93%
Shareholders Equity	45.28M	56.68M	94.58M	88.67M	88.22M	92.8M	75.67M	36.17M	34.5M	66.71M
Minority Interest	0	0	0	0	0	0	0	0	0	0
Retained Earnings	13.61M	20.56M	27.15M	26.38M	16.91M	15.93M	6.86M	-16.95M	-23.11M	-4.76M
Common Stock	82.9K	88.96K	116.19K	117.75K	118.25K	118.71K	119.56K	121.72K	122.48K	144.48K
Accumulated OCI	484.22K	72.93K	1.1M	-2.88M	4.77M	9.88M	1.8M	-15.96M	-12.27M	-12.18M
Return on Equity (ROE)	0.16%	0.17%	0.13%	0.03%	-0.07%	0.01%	-0.09%	-0.4%	-0.17%	0.36%
Return on Assets (ROA)	0.05%	0.06%	0.05%	0.01%	-0.02%	0%	-0.02%	-0.07%	-0.02%	0.05%
Equity / Assets	-	-	-	-	-	-	-	-	-	-
Debt / Equity	-	-	0.31x	0.33x	0.33x	0.32x	0.39x	0.70x	0.73x	0.17x
Book Value per Share	6.14	7.26	8.94	8.27	8.19	8.65	7.15	3.40	3.21	5.37
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	20.4M	15.2M	28.05M	22.3M	29.86M	-10.23M	24.35M	-915.52K	-11.33M	57.95M
Operating CF Growth %	0.18%	-0.25%	0.85%	-0.21%	0.34%	-1.34%	3.38%	-1.04%	-11.37%	6.12%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	6.96M	8.9M	9.99M	3.09M	-5.97M	972.39K	-7.38M	-22.52M	-6.17M	18.36M
Depreciation & Amortization	1.03M	1.12M	1.4M	1.79M	2.55M	2.86M	3.29M	3.3M	2.97M	2.45M
Stock-Based Compensation	134.19K	106.88K	270.23K	702.65K	1.5M	1.77M	1.9M	1.39M	832.6K	1.38M
Deferred Taxes	-226.93K	-293.36K	-1.81K	-5.4K	-1.99M	3.11M	-2.2M	-5.42M	-1.2M	4.93M
Other Non-Cash Items	150.6K	-80.38K	469.87K	3.04M	-3.88M	-671.54K	-9.19M	13.75M	-908.37K	465.67K
Working Capital Changes	12.35M	5.44M	15.92M	13.68M	37.65M	-18.28M	37.92M	8.58M	-6.86M	30.36M
Cash from Investing+	-14.9M	-19.52M	-47.63M	-43.4M	-14.97M	581.29K	-15.95M	-5.91M	9.46M	-35.26M
Capital Expenditures	-1.26M	-576.21K	-2.82M	-2.73M	-3.94M	-3.33M	-4.5M	-4.55M	-1.83M	-2.34M
Acquisitions	0	0	0	0	0	0	233.8K	0	0	0
Purchase of Investments	-22.92M	-44.02M	-58.04M	-71.92M	-33.46M	-43.53M	-115.58M	-49.92M	-51.5M	-165M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Investing	10.84K	250.45K	-2M	-40.67M	0	0	0	0	0	0
Cash from Financing+	-1.86M	2.81M	55.92M	-6.14M	-3.63M	-3.27M	-3.57M	-5.51M	-1.12M	-2.99M
Dividends Paid	-1.56M	-1.94M	-3.21M	-4.28M	-3.5M	-1.96M	-1.69M	-1.28M	0	0
Share Repurchases	-278.02K	-113.27K	-176.84K	-540.25K	0	-1.18M	-1.67M	0	-13.41K	0
Stock Issued	0	4.81M	30.14M	0	0	0	0	60.46K	0	13.61M
Debt Issuance (Net)	0	0	1000K	0	0	0	0	-1000K	-1000K	-1000K
Other Financing	-19.94K	54.87K	50.28K	-1.32M	-130.9K	-133.94K	-205.77K	-2.15M	-14.3K	-1.45M
Net Change in Cash+	3.64M	-1.51M	36.34M	-27.24M	11.25M	-12.93M	4.83M	-12.33M	-2.98M	19.69M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	9.91M	13.55M	12.04M	48.38M	21.14M	32.39M	19.46M	24.29M	11.96M	8.98M
Cash at End	13.55M	12.04M	48.38M	21.14M	32.39M	19.46M	24.29M	11.96M	8.98M	28.67M
Free Cash Flow+	19.14M	14.62M	25.22M	19.56M	25.92M	-13.56M	19.85M	-5.47M	-13.15M	55.61M
FCF Growth %	0.16%	-0.24%	0.72%	-0.22%	0.32%	-1.52%	2.46%	-1.28%	-1.41%	5.23%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF per Share	2.59	1.87	2.38	1.83	2.41	-1.26	1.87	-0.51	-1.22	4.48

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Combined Ratio	83.94%	82.67%	84.51%	97.36%	105.36%	100.98%	105.84%	121.47%	105.11%	84.99%
Medical Cost Ratio	59.99%	59.55%	59.68%	73.51%	82.88%	74.8%	83.78%	94.48%	80.6%	62.24%
Return on Equity (ROE)	16.23%	17.46%	13.2%	3.38%	-6.75%	1.07%	-8.76%	-40.28%	-17.46%	36.28%
Return on Assets (ROA)	4.9%	5.59%	4.71%	1.19%	-2.03%	0.3%	-2.27%	-6.91%	-1.93%	5.3%
Equity / Assets	30.36%	33.45%	37.16%	33.24%	27.47%	29.22%	22.84%	11.29%	10.86%	17.79%
Book Value / Share	6.14	7.26	8.94	8.27	8.19	8.65	7.15	3.4	3.21	5.37
Debt / Equity	-	-	0.31x	0.33x	0.33x	0.32x	0.39x	0.70x	0.73x	0.17x
Revenue Growth	28.22%	20.66%	19.8%	22.64%	27.55%	-9.48%	22.73%	-19.27%	10.78%	7.6%

Revenue by Segment

	2024
Reportable	147.89M
Reportable Growth	-

Frequently Asked Questions

Valuation & Price

Kingstone Companies, Inc. (KINS) has a price-to-earnings (P/E) ratio of 10.8x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Kingstone Companies, Inc. (KINS) grew revenue by 7.6% over the past year. This is steady growth.

Yes, Kingstone Companies, Inc. (KINS) is profitable, generating $20.6M in net income for fiscal year 2024 (11.8% net margin).

Dividend & Returns

Kingstone Companies, Inc. (KINS) has a return on equity (ROE) of 36.3%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Kingstone Companies, Inc. (KINS) has a combined ratio of 85.0%. A ratio below 100% indicates underwriting profitability.

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