UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________to _________ Commission File Number 0-1665 KINGSTONE COMPANIES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdict ...

Kingstone Companies, Inc. (NASDAQ:KINS) Q1 2021 Earnings Conference Call May 14, 2021 8:30 AM ET Company Participants Amanda Goldstein – Investor Relations, Director Barry Goldstein – Chairman and Chief Executive Officer Scott Pelt – Chief Financial Officer Meryl Golden – Chief Operating Officer Conference Call Participants Bob Farnam – Boenning & Scattergood Paul Newsome – Piper Sandler David Adelman – Adelman Capital Operator Greetings, and welcome to Kingstone Companies’ Q1 2021 Financial Results and Con ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR (I.R.S. Employer Identification Number) 15 Joys Lane Kingston, NY 12401 (Address of principal executive offices) (845) 802-7900 (Registrant's telephone number, including area code) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the trans ...

Kingstone Companies, Inc. (NASDAQ:KINS) Q4 2020 Earnings Conference Call March 19, 2021 8:30 AM ET Company Participants Amanda Goldstein - IR Barry Goldstein - Chairman and CEO Scott Pelt - CFO Meryl Golden - COO Conference Call Participants Paul Newsome - Piper Sandler Bob Farnam - Boenning and Scattergood Operator Greetings, and welcome to the Kingstone Companies Fourth Quarter 2020 Financial Results Conference Call and Webcast. [Operator Instructions] A question-and-answer session will follow the formal ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________to _________ Commission File Number 0-1665 KINGSTONE COMPANIES, INC. (Exact name of registrant as specified in its charter) (State or other juris ...

Start Time: 08:30 January 1, 0000 8:58 AM ET Kingstone Companies, Inc. (NASDAQ:KINS) Q3 2020 Earnings Conference Call November 09, 2020, 08:30 AM ET Company Participants Barry Goldstein - Chairman and CEO Meryl Golden - COO Amanda Goldstein - IR Conference Call Participants Paul Newsome - Piper Sandler Bob Farnam - Boenning and Scattergood Operator Greetings, and welcome to the Kingstone Companies Third Quarter 2020 Financial Results Conference Call. At this time, all participants are in a listen-only mode. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________to _________ Commission File Number 0-1665 KINGSTONE COMPANIES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdicti ...

Kingstone Companies, Inc. (NASDAQ:KINS) Q2 2020 Results Conference Call August 7, 2020 8:30 AM ET Company Participants Amanda Goldstein - Investor Relations Barry Goldstein - Chief Executive Officer Meryl Golden - Chief Operating Officer Ben Walden - Chief Actuary Conference Call Participants Paul Newsome - Piper Sandler Bob Farnam - Boenning and Scattergood Operator Hello, and welcome to Kingstone Companies Second Quarter 2020 Financial Results Conference Call. At this time, all participants are in a liste ...

Financial Performance - Total revenues for Q1 2020 were $26,623,594, a decrease of 23.7% from $34,898,548 in Q1 2019[14] - Net premiums earned decreased to $26,941,450, down 9.0% from $29,595,889 in the same period last year[14] - The net loss for Q1 2020 was $5,444,203, compared to a net loss of $7,335,190 in Q1 2019, representing a 25.7% improvement[14] - The company reported a net loss of $4,119,005 in Q1 2020, an improvement from a net loss of $6,217,208 in Q1 2019[197] - Net loss for the three months ended March 31, 2020, was $5,443,000, a decrease of $1,892,000 or 25.8% from a net loss of $7,335,000 in 2019[1] Assets and Liabilities - Total assets decreased to $292,534,255 as of March 31, 2020, down from $321,202,812 at December 31, 2019, a decline of 8.9%[12] - Total liabilities decreased to $215,671,536, down 7.4% from $232,981,231 at the end of 2019[12] - Stockholders' equity decreased to $76,862,719, a decline of 12.8% from $88,221,581 at December 31, 2019[12] Investment Performance - The company experienced net unrealized gains of $6,121,608 on equity investments for the three months ended March 31, 2020, compared to net unrealized losses of $1,767,835 in the prior year[19]. - The estimated fair value of the company's other investments, specifically hedge funds, was $1.99 billion as of March 31, 2020, with gross unrealized losses of $11.86 million[36] - The total estimated fair value of equity securities is $18,368,893, with gross unrealized losses of $(4,206,256) representing 18.7% of the total cost of $22,430,037[203] Premiums and Underwriting - Kingstone's direct written premiums for the three months ended March 31, 2020, were predominantly from New York, accounting for 82.7% of total premiums, down from 91.4% in the same period of 2019[21]. - Direct written premiums for the three months ended March 31, 2020 totaled $34.366 million, an increase from $30.036 million in the same period of 2019[151] - Net written premiums decreased by $7,170,000 or 23.6% to $23,191,000 in the three months ended March 31, 2020, compared to $30,361,000 in 2019[165] Losses and Expenses - Loss and loss adjustment expenses for Q1 2020 were $16,385,821, down 43.7% from $29,134,224 in Q1 2019[14] - The total gross liability for loss and LAE reserves was reported at $77,851,000[74] - The cumulative paid loss and allocated loss adjustment expenses, net of reinsurance, totaled $221,729,000[72] Reinsurance - The company entered into a quota share reinsurance treaty effective December 15, 2019, covering 25% of personal lines business[75] - The risk retained on initial $1,000,000 of losses under the quota share treaty is $750,000, with total reinsurance coverage per occurrence at $9,250,000[76] - Provisional ceding commissions earned increased to $3,720,360 for the three months ended March 31, 2020, compared to $1,317,751 in the same period of 2019, representing a growth of approximately 182%[83] Tax and Deferred Assets - The net deferred income tax asset increased from $311,052 as of December 31, 2019, to $1,347,699 as of March 31, 2020, reflecting a significant improvement in tax position[102] - Total deferred tax assets decreased from $7,618,003 as of December 31, 2019, to $5,542,787 as of March 31, 2020, a reduction of about 27.3%[102] Stockholder Information - The company paid dividends of $675,960 in Q1 2020, a decrease from $1,075,962 in Q1 2019, reflecting a 37.2% reduction in dividend payouts[19]. - The Company granted 74,523 stock options during the three months ended March 31, 2020, with a weighted average exercise price of $7.96 per share[94] Operational Changes - The company has placed a moratorium on new commercial lines and commercial umbrella submissions due to poor performance, which represented approximately 6.3% of net premiums earned for Q1 2020[143] - The company is evaluating the impact of ASU 2016-13 on its financial statements, which will be effective on January 1, 2023, focusing on credit loss measurement[27]

Financial Data and Key Metrics Changes - The first quarter underlying loss ratio improved by more than 5 points compared to the previous year, totaling an improvement of over 37 points [10][24] - There was a 9% decline in net earned premiums, attributed to strategic decisions to reduce earnings volatility and exit the commercial liability lines of business [11][15] - The company reported an operating loss of approximately $300,000 for the first quarter, a significant improvement from an operating loss of $8.9 million in the first quarter of 2019 [15] Business Line Data and Key Metrics Changes - The personal lines underlying loss ratio improved by over 5 points compared to the first quarter of 2019, driven by lower claim frequency and higher average premiums due to recent rate increases [27] - The commercial lines business, which was placed into runoff, represented only 6% of total net earned premiums for the quarter, with less than 3,000 policies remaining [28] Market Data and Key Metrics Changes - The company experienced a significant drop in new business due to the pandemic, particularly affecting physical damage products for livery drivers [64] - Despite the slowdown in new business, retention rates remained stable, which is crucial as retention constitutes the majority of premiums [64] Company Strategy and Development Direction - The company is focused on profitability over growth, leading to a planned decline in net earned premiums [11] - Kingstone is undergoing modernization efforts, referred to as Kingstone 2.0, which includes core system replacements for policy management and claims [29][30] - The Board decided to reduce the quarterly dividend from $0.0625 to $0.04 to preserve capital and improve liquidity [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's preparedness for the pandemic, crediting prior regulatory measures that facilitated a smooth transition to remote work [8] - The CEO acknowledged the uncertainty brought by the pandemic but remained optimistic about the company's direction and actions taken [16][68] - The company is closely monitoring potential legislative changes regarding business interruption claims but does not currently see a need to reserve for this possibility [21][22] Other Important Information - The company has seen a recovery of more than half of the decline in book value due to market value fluctuations [20] - The 25% personal lines quota share treaty, which began in the fourth quarter of the previous year, is expected to be reassessed towards the end of the third quarter [46] Q&A Session Summary Question: Outlook for the expense ratio - Management indicated that the current expense ratio is appropriate for the short term, driven by the goal of profitability rather than growth [33] Question: Business owners policies and viral exclusions - The company does not have a separate viral exclusion, and coverage is only provided for losses related to property damage [34][36] Question: Share buyback and liquidity - There is no specific dollar amount for share buybacks, as liquidity is managed carefully to avoid rating risks [42][43] Question: Commercial claims status - As of March, there are 227 open commercial lines claims, which represent about 25% of total claims inventory [48] Question: Disconnect in financial performance despite favorable conditions - Management emphasized focusing on the core loss ratio, which improved significantly, rather than just the combined ratio [58] Question: Expectations for new business - New business is expected to slow down, particularly in Q2, but retention rates remain stable, mitigating the impact [64]