For the quarter ending 2025-09-30, KINS had -$6,942,130 decrease in cash & cash equivalents over the period. $25,277,338 in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 10,872,475 | 15,134,992 |
| Net realized losses on investments | 6,322 | 5,804 |
| Net unrealized gains on equity investments | 382,734 | -288,506 |
| Net unrealized gains on other investments | -194,290 | 702,782 |
| Gain on sale of real estate | 0 | 1,965,989 |
| Depreciation and amortization | 644,653 | 1,237,227 |
| Credit losses | 27,131 | 69,060 |
| Accretion of bond discount, net | -835 | -28,977 |
| Amortization of discount and issuance costs on debt | 2,406 | 62,757 |
| Loss on extinguishment of debt | 0 | -174,962 |
| Stock-based compensation | 430,173 | 810,867 |
| Deferred income tax expense | 388,404 | -372,296 |
| Premiums receivable, net | 1,001,810 | -4,419,958 |
| Reinsurance receivables, net | 4,580,017 | -13,883,393 |
| Prepaid reinsurance | -1,506,944 | 3,649,273 |
| Deferred policy acquisition costs | 1,529,751 | -884,341 |
| Other assets | 3,349,436 | -432,234 |
| Loss and loss adjustment expense reserves | 7,266,792 | 7,717,026 |
| Unearned premiums | 9,778,044 | -4,438,637 |
| Advance premiums | 1,999,376 | 2,209,518 |
| Reinsurance balances payable | 249,513 | -5,068,605 |
| Deferred ceding commission revenue | 566,769 | -4,545,591 |
| Accounts payable, accrued expenses and other liabilities | 2,841,097 | 573,242 |
| Net cash flows provided by operating activities | 25,929,806 | 27,131,737 |
| Redemption - fixed-maturity securities held-to-maturity | 1,000,000 | - |
| Purchase - fixed-maturity securities available-for-sale | 41,338,974 | 46,825,871 |
| Sale and maturity - fixed-maturity securities available-for-sale | 9,141,057 | 20,172,732 |
| Purchase - equity securities | 0 | 19,100 |
| Sale - equity securities | 0 | 0 |
| Proceeds from sale of real estate | 0 | 3,600,000 |
| Acquisition of property and equipment | 652,468 | 1,440,460 |
| Net cash flows used in investing activities | -31,850,385 | -24,512,699 |
| Principal payments on equipment financing | 308,024 | 602,712 |
| Principal payment on notes-Notes Twenty Twenty Two | 0 | - |
| Principal payment on notes-Notes Two Thousand Twenty Four | 5,950,000 | - |
| Principal payment on 2024 notes | - | 5,950,000 |
| Issue costs on 2024 notes and 2022 notes | 0 | - |
| Proceeds from exercise of stock options | 7,503 | 57,088 |
| Withholding taxes paid on net exercise of stock options | 0 | 14,305 |
| Withholding taxes paid on vested restricted stock awards | 0 | 548,500 |
| Net proceeds from issuance of common stock | -13,929 | 9,484,382 |
| Dividends paid | 707,101 | - |
| Net cash flows provided by (used in) financing activities | -1,021,551 | 2,425,953 |
| (decrease) increase in cash and cash equivalents | -6,942,130 | 5,044,991 |
| Cash and cash equivalents at beginning of period | 28,669,441 | - |
| Cash and cash equivalents at end of period | 26,772,302 | - |
KINGSTONE COMPANIES, INC. (KINS)
KINGSTONE COMPANIES, INC. (KINS)