Kingstone Companies, Inc.KINS
What Kingstone Companies, Inc. does.
As used in this Annual Report, references to the “Company,” “we,” “us,” or “our” refer to Kingstone Companies, Inc. (the “Holding Company”) and its subsidiaries.
We offer property and casualty insurance products through our wholly-owned subsidiary, Kingstone Insurance Company (“KICO”). KICO is a New York domiciled carrier writing business through retail and wholesale agents and brokers. KICO is actively writing personal lines and commercial auto insurance in New York, and in 2024 was the 12th largest writer of homeowners insurance in New York. KICO is also licensed in the states of New Jersey, Rhode Island, Massachusetts, Connecticut, Pennsylvania, New Hampshire, and Maine. For the years ended December 31, 2025 and 2024, respectively, 98.0% and 96.0% of KICO’s direct written premiums came from the New York policies.
In addition, through our subsidiary, Cosi Agency, Inc. (“Cosi”), a multi-state licensed general agency, we access alternative distribution channels. See “Distribution” below for a discussion of our distribution channels. Cosi receives commission revenue from KICO for the policies it places with others and pays commissions to these agencies. Cosi retains the profit between the commission revenue received and the commission expense paid. Net Cosi revenue is deducted against commission expense and Cosi-related expenses are included in other operating expenses. Cosi-related operating expenses are not included in our stand-alone insurance underwriting business and, accordingly, its expenses are not included in the calculation of our combined ratio as described below.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $131.4M | $161.2M | $130.2M | $144.2M | $155.1M | $214.9M |
| Net income | $972,390 | -$7.4M | -$22.5M | -$6.2M | $18.4M | $40.8M |
| Free cash flow | -$13.6M | $19.8M | -$5.5M | -$13.2M | $55.6M | $73.1M |
More on KINS.
- Kingstone Companies, Inc. summary
- Kingstone Companies, Inc. financial statements
- Kingstone Companies, Inc. key metrics
- Kingstone Companies, Inc. health scores and style box
- Kingstone Companies, Inc. earnings
- Kingstone Companies, Inc. dividends
- Kingstone Companies, Inc. valuation
- Kingstone Companies, Inc. ownership and insiders
- Kingstone Companies, Inc. peers
Figures from Kingstone Companies, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.