Kingstone(KINS) - 2019 Q4 - Earnings Call Presentation

Financial Performance - The Company's book value per share at December 31, 2019 was $8.17, a decrease of 1.0% compared to $8.25 at December 31, 2018[9] - Net income (loss) was $1.455 million for the three months ended December 31, 2019, compared to a loss of $879,847 for the three months ended December 31, 2018[20] - Net income (loss) was $(5.966) million for the year ended December 31, 2019, compared to a profit of $3.093 million for the year ended December 31, 2018[20] - Net premiums earned increased by 12.7% to $32.606 million for the three months ended December 31, 2019, from $28.939 million for the three months ended December 31, 2018[11] - Net premiums earned increased by 23.4% to $127.623 million for the year ended December 31, 2019, from $103.415 million for the year ended December 31, 2018[11] - Net loss and loss adjustment expenses increased by 12.3% to $18.595 million for the three months ended December 31, 2019, from $16.556 million for the three months ended December 31, 2018[14] - Net loss and loss adjustment expenses increased by 54.7% to $90.182 million for the year ended December 31, 2019, from $58.295 million for the year ended December 31, 2018[14] Premiums - Direct written premiums increased by 8.4% to $42.881 million for the three months ended December 31, 2019, from $39.541 million for the three months ended December 31, 2018[11] - Direct written premiums increased by 16.7% to $171.214 million for the year ended December 31, 2019, from $146.716 million for the year ended December 31, 2018[11] - Core direct written premiums increased by 5.8% to $145.567 million for the year ended December 31, 2019, from $137.636 million for the year ended December 31, 2018[12] - Expansion direct written premiums increased by 182.5% to $25.647 million for the year ended December 31, 2019, from $9.080 million for the year ended December 31, 2018[12] Ratios - The net combined ratio was 96.0% for the three months ended December 31, 2019, compared to 96.4% for the three months ended December 31, 2018[15] - The net combined ratio was 108.8% for the year ended December 31, 2019, compared to 94.8% for the year ended December 31, 2018[15]