The story
In 1886, the company was founded in Kingston, New York.
From Wikipedia’s article on Kingstone Companies, shared under CC BY-SA 4.0.5
KINS on Nasdaq
Kingstone Companies
Kingstone Companies, Inc., headquartered in Kingston, New York, provides property and casualty insurance products through its subsidiary, Kingstone Insurance Company. It places contracts with the third-party licensed premium finance company through its subsidiary Payments, Inc., a NYS licensed Insurance Premium Finance Company.3 From Wikipedia, CC BY-SA 4.0
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Last updated Oct 16, 2026.
Overview
1886Founded1
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- TickerKINS on Nasdaq1
- IndustryFire, Marine & Casualty Insurance1
- HeadquartersHewlett1
- Websitewww.kingstonecompanies.com
- Incorporated inDE4
- Business address120 Wood Road, Kingston, Ny4
- Filer categoryAccelerated filer, Smaller reporting company4
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Kingstone Companies, Inc., headquartered in Kingston, New York, provides property and casualty insurance products through its subsidiary, Kingstone Insurance Company. It places contracts with the third-party licensed premium finance company through its subsidiary Payments, Inc., a NYS licensed Insurance Premium Finance Company. Kingstone Insurance Company was ranked #1 of the 81 insurers rated by the Professional Insurance Agents Association in its 2010 Company Performance Survey. The company sells insurance products include personal lines of insurance products, general liability policies commercial automobile policies and so on through independent retail and wholesale agents and brokers.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
19.0%Net margin6
38.5%Revenue growth, 20256
33.2%Return on equity6
0.03×Debt to equity6
$73.1MFree cash flow6
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs76¢$163.8M
- Income tax5¢$10.3M
- Profit19¢$40.8M
Out of $214.9M in revenue.6
Where each dollar of operating cash went, fiscal 2025
- Capital spending4¢$2.8M
- Dividends paid2¢$1.4M
- Kept or used elsewhere94¢$71.6M
Out of $75.9M of cash from operations.6
Financial statements
Every line of the income statement in the latest annual report, as filed.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net premiums earned | $187.1M | $128.5M |
| Ceding commission revenue | $15.7M | $18.8M |
| Net investment income | $9.8M | $6.8M |
| Net (losses) gains on investments | -$310.0K | $414.6K |
| Realized gain on sale of real estate | $2.0M | $0 |
| Other income | $610.8K | $568.1K |
| Total revenues | $214.9M | $155.1M |
| Loss and loss adjustment expenses | $84.3M | $62.6M |
| Commission expense | $40.7M | $33.9M |
| Other underwriting expenses | $31.7M | $25.7M |
| Other operating expenses | $4.1M | $3.6M |
| Depreciation and amortization | $2.6M | $2.4M |
| Interest expense | $445.2K | $3.5M |
| Total expenses | $163.8M | $131.9M |
| Income from operations before taxes | $51.0M | $23.3M |
| Income tax expense | $10.3M | $4.9M |
| Net income | $40.8M | $18.4M |
| Gross decrease in unrealized losses on available-for-sale-securities | $7.5M | $111.4K |
| Reclassification adjustment for losses included in net income | $222.7K | $14.0K |
| Net decrease in unrealized losses | $7.7M | $125.4K |
| Income tax expense related to items of other comprehensive income | -$1.6M | -$26.3K |
| Other comprehensive income, net of tax | $6.1M | $99.1K |
| Comprehensive income | $46.9M | $18.5M |
| Basic (in dollars per share) | $2.93 | $1.60 |
| Diluted (in dollars per share) | $2.88 | $1.48 |
| Weighted average common shares outstanding, Basic (in shares) | 13.9M shares | 11.5M shares |
| Weighted average common shares outstanding, Diluted (in shares) | 14.1M shares | 12.4M shares |
| Dividends declared and paid per common share (in dollars per share) | $0.10 | $0.00 |
Every line of the balance sheet in the latest annual report, as filed.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Fixed-maturity securities, held-to-maturity, at amortized cost (fair value of $5,137,267 at December 31, 2025 and $5,959,265 at December 31, 2024) | $6.0M | $7.0M | |
| Fixed-maturity securities, available-for-sale, at fair value (amortized cost of $296,738,055 at December 31, 2025 and $202,308,158 at December 31, 2024) | $289.0M | $186.9M | |
| Equity securities, at fair value (cost of $13,546,654 at December 31, 2025 and $13,527,554 at December 31, 2024) | $10.1M | $10.3M | |
| Other investments | $4.6M | $4.4M | |
| Total investments | $309.7M | $208.6M | |
| Cash and cash equivalents | $12.2M | $28.7M | $9.0M |
| Premiums receivable, net of allowance for credit losses of $20,831 at December 31, 2025 and $402,290 at December 31, 2024 | $21.0M | $21.8M | |
| Reinsurance receivables, net | $59.0M | $69.3M | |
| Prepaid reinsurance | $2.1M | $0 | |
| Deferred policy acquisition costs | $27.9M | $24.7M | |
| Intangible assets | $500.0K | $500.0K | |
| Property and equipment, net | $7.9M | $9.3M | |
| Deferred income taxes, net | $4.2M | $5.6M | |
| Other assets | $9.0M | $6.4M | |
| Total assets | $453.4M | $374.9M | |
| Loss and loss adjustment expense reserves | $140.5M | $126.2M | |
| Unearned premiums | $154.0M | $134.7M | |
| Advance premiums | $4.0M | $3.5M | |
| Reinsurance balances payable | $5.2M | $10.5M | |
| Deferred ceding commission revenue | $8.4M | $11.5M | |
| Accounts payable, accrued expenses and other liabilities | $11.3M | $10.6M | |
| Income taxes payable | $2.8M | $0 | |
| Debt, net (Current $1,296,900 and long-term $3,143,227 at December 31, 2025 and current $6,849,257 and long-term $4,322,163 at December 31, 2024) | $4.4M | $11.2M | |
| Total liabilities | $330.7M | $308.2M | |
| Preferred stock, $0.01 par value; authorized 2,500,000 shares | $0 | $0 | |
| Common stock, $0.01 par value; authorized 20,000,000 shares; issued 15,921,651 shares at December 31, 2025 and 14,448,205 shares at December 31, 2024; outstanding 14,397,526 shares at December 31, 2025 and 12,924,080 shares at December 31, 2024 | $159.2K | $144.5K | |
| Capital in excess of par | $99.6M | $89.1M | |
| Accumulated other comprehensive loss | -$6.1M | -$12.2M | |
| Retained earnings (accumulated deficit) | $34.6M | -$4.8M | |
| Stockholders' Equity before treasury stock | $128.3M | $72.3M | |
| Treasury stock, at cost, 1,524,125 shares at December 31, 2025 and 1,524,125 shares at December 31, 2024 | -$5.6M | -$5.6M | |
| Total stockholders' equity | $122.7M | $66.7M | $34.5M |
| Total liabilities and stockholders' equity | $453.4M | $374.9M | |
| Fixed-maturity securities, held-to-maturity, fair value | $5.1M | $6.0M | |
| Fixed-maturity securities, available-for-sale, amortized cost | $296.7M | $202.3M | |
| Equity securities, at cost | $13.5M | $13.5M | |
| Premiums receivable, allowance for credit losses | $20.8K | $402.3K | |
| Current debt | $1.3M | $6.8M | |
| Long-term debt | $3.1M | $4.3M | |
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Preferred stock, shares authorized (in shares) | 2.5M shares | 2.5M shares | |
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Common stock, shares authorized (in shares) | 20.0M shares | 20.0M shares | |
| Common stock, shares issued (in shares) | 15.9M shares | 14.4M shares | |
| Common stock, shares outstanding (in shares) | 14.4M shares | 12.9M shares | |
| Treasury stock, at cost, 1,524,125 shares at December 31, 2025 and 1,524,125 shares at December 31, 2024 | 1.5M shares | 1.5M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | $40.8M | $18.4M |
| Net realized losses on investments | $222.7K | $62.3K |
| Net unrealized losses on equity investments | $259.0K | $6.6K |
| Net unrealized gains on other investments | -$171.7K | -$483.5K |
| Gain on sale of real estate | -$2.0M | $0 |
| Depreciation and amortization | $2.6M | $2.4M |
| Bad debt expense | $599.7K | $115.5K |
| Accretion of bond discount, net | -$18.0K | -$520.9K |
| Amortization of discount and issuance costs on debt | $65.2K | $989.1K |
| Loss on extinguishment of debt | $175.0K | $296.6K |
| Stock-based compensation | $1.5M | $1.4M |
| Deferred income tax (benefit) expense | -$201.5K | $4.9M |
| Premiums receivable, net | $154.9K | -$8.3M |
| Reinsurance receivables, net | $10.3M | $6.3M |
| Prepaid reinsurance | -$2.1M | $0 |
| Deferred policy acquisition costs | -$3.1M | -$4.9M |
| Other assets | -$2.3M | -$1.9M |
| Loss and loss adjustment expense reserves | $14.3M | $4.4M |
| Unearned premiums | $19.3M | $29.1M |
| Advance premiums | $500.4K | -$294.5K |
| Reinsurance balances payable | -$5.3M | -$2.3M |
| Deferred ceding commission revenue | -$3.2M | $2.1M |
| Accounts payable, accrued expenses and other liabilities | $683.3K | $6.2M |
| Taxes payable | $2.8M | $0 |
| Net cash flows provided by operating activities | $75.9M | $57.9M |
| Redemption - fixed-maturity securities held-to-maturity | $1.0M | $0 |
| Purchase - fixed-maturity securities available-for-sale | -$154.4M | -$165.0M |
| Sale and maturity - fixed-maturity securities available-for-sale | $59.8M | $127.7M |
| Purchase - equity securities | -$19.1K | $0 |
| Sale - equity securities | $0 | $4.4M |
| Proceeds from sale of real estate | $3.6M | $0 |
| Acquisition of property and equipment | -$2.8M | -$2.3M |
| Net cash flows used in investing activities | -$92.9M | -$35.3M |
| Principal payments on equipment financing | -$1.2M | -$1.2M |
| Issue costs on 2024 and 2022 Notes | $0 | -$203.9K |
| Proceeds from exercise of stock options | $62.7K | $63.7K |
| Proceeds from employee stock purchase plan | $137.1K | $0 |
| Withholding taxes paid on net exercise of stock options | -$14.3K | $0 |
| Withholding taxes paid on vested restricted stock awards | -$562.2K | -$1.3M |
| Net proceeds from issuance of common stock | $9.5M | $13.6M |
| Dividends paid | -$1.4M | $0 |
| Net cash flows provided by (used in) financing activities | $506.1K | -$3.0M |
| (Decrease) increase in cash and cash equivalents | -$16.5M | $19.7M |
| Cash paid for income taxes-federal | $8.0M | $0 |
| Cash paid for income taxes-state | $250 | $0 |
| Cash paid for interest | $1.6M | $2.5M |
| Other comprehensive income, net of tax | $6.1M | $99.1K |
| Lease liability in exchange for right-of-use asset | $198.0K | $0 |
Leadership
Who has led Kingstone Companies, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
197019801990200020102020
- Chief executive officerMeryl S. Golden Jan 2, 2024 to now15
- Chief executive officerDale A. Thatcher Jan 4, 2019 to May 15, 201916
- Chief executive officerBarry Goldstein Aug 14, 2003 to Jan 11, 202217
- PresidentMeryl S. Golden Jan 2, 2024 to now15
- PresidentDale A. Thatcher Jan 4, 2019 to May 15, 201916
- PresidentCurt Hapward Aug 22, 2007 to Aug 22, 200718
- PresidentBarry Goldstein Aug 14, 2003 to Jan 11, 202217
- Chief financial officerRandy L. Patten Aug 25, 2025 to now19
- Chief financial officerJennifer Gravelle Jan 18, 2023 to Aug 25, 202520
- Chief financial officerPelt Scott Van Feb 3, 2021 to Feb 3, 202121
- Chief financial officerVictor J. Brodsky Aug 3, 2009 to Apr 14, 202022
- Chief financial officerBarry Goldstein Aug 14, 2003 to Jun 18, 201317
- Chief operating officerMeryl S. Golden Sep 27, 2019 to Aug 31, 202323
- Chief operating officerDale A. Thatcher Mar 15, 2018 to Mar 20, 201824
- Chief operating officerJack Willis Oct 22, 2004 to Mar 29, 200525
Board members and other officers (22)
- Chief Accounting OfficerMichelle A. Gage Aug 24, 2023 to Jan 9, 202426
- Chief Accounting OfficerRichard Jason Swartz Apr 15, 2020 to Dec 15, 202227
- Chief ActuaryMinlei Chen Nov 3, 2020 to now28
- COBBarry Goldstein Jan 4, 2019 to Sep 11, 202429
- VP+Chief Actuary-Kingstone InsBenjamin Walden Dec 17, 2013 to Apr 14, 202030
- Pres, Kingstone Insurance CompJohn D. Reiersen Jul 14, 2009 to May 20, 201431
- Chief Accounting OfficerVictor J. Brodsky Aug 22, 2007 to now32
- Board memberPranav Pasricha Aug 21, 2025 to now33
- Board memberManmohan Singh Apr 11, 2024 to now34
- Board memberThomas Newgarden Jun 18, 2024 to now35
- Board memberMeryl S. Golden Dec 15, 2021 to now36
- Board memberTimothy P. McFadden Aug 9, 2018 to Jan 6, 202537
- Board memberCarla D'Andre May 15, 2017 to now38
- Board memberDale A. Thatcher Aug 10, 2017 to May 15, 201939
- Board memberWilliam L. Yankus Mar 31, 2016 to now40
- Board memberFloyd R. Tupper Jun 17, 2014 to now41
- Board memberMichael Feinsod Jul 30, 2009 to Jan 5, 201542
- Board memberDavid Lyons Jul 20, 2005 to May 13, 201343
- Board memberMorton L. Certilman Feb 17, 2004 to Oct 2, 200844
- Board memberJack D. Siebald Oct 1, 2004 to Feb 15, 201745
- Board memberBarry Goldstein Aug 14, 2003 to Sep 11, 202417
- Board memberJay M. Haft Aug 28, 2003 to Jan 7, 202046
Products and brands
In December 2013, the company announced that it has commenced an underwritten public offering of 2,500,000 shares of its common stock to promote the insurance subsidiary, Kingstone Insurance Company.
In October 2020, Kingstone Companies, Inc. has reported its pre-tax disaster damages of net reinsurance between $8.5 million and $9 million for the third quarter of 2020.
From Wikipedia’s article on Kingstone Companies, shared under CC BY-SA 4.0.5
Former names
Timeline
Recent filings
- Aug 26, 20264
- Aug 24, 20268-K FORM 8-K RE CHANGE IN ACCOUNTANTS
- Aug 7, 202610-Q
- Aug 7, 20268-K ANNUAL MEETING
- Aug 6, 20268-K
- Jul 23, 20268-K 8-K DATED JULY 23, 2026 RE DIVIDEND
- Jul 16, 20268-K CURRENT REPORT FILING
- Jun 25, 2026DEF 14A
- Jun 23, 20264
- Jun 1, 20264
- May 20, 20268-K 8-K RE SHARE REPURCHASE PROGRAM
- May 13, 20264
- May 8, 202610-Q
- May 7, 20268-K
- Apr 27, 20268-K CURRENT REPORT FILING
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
Links
- Websitewww.kingstonecompanies.com1
- WikipediaKingstone Companies
- WikidataQ16998439
- SEC EDGARCIK 33992
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataKingstone Companies on Wikidata
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- 3WikipediaKingstone Companies on Wikipedia
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- 18SEC EDGARCurt Hapward, President
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- 25SEC EDGARJack Willis, Chief operating officer
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- 28SEC EDGARMinlei Chen, Chief Actuary
- 29SEC EDGARBarry Goldstein, COB
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- 33SEC EDGARPranav Pasricha, Board member
- 34SEC EDGARManmohan Singh, Board member
- 35SEC EDGARThomas Newgarden, Board member
- 36SEC EDGARMeryl S. Golden, Board member
- 37SEC EDGARTimothy P. McFadden, Board member
- 38SEC EDGARCarla D'Andre, Board member
- 39SEC EDGARDale A. Thatcher, Board member
- 40SEC EDGARWilliam L. Yankus, Board member
- 41SEC EDGARFloyd R. Tupper, Board member
- 42SEC EDGARMichael Feinsod, Board member
- 43SEC EDGARDavid Lyons, Board member
- 44SEC EDGARMorton L. Certilman, Board member
- 45SEC EDGARJack D. Siebald, Board member
- 46SEC EDGARJay M. Haft, Board member