For the year ending 2025-12-31, KINS had -$16,490,711 decrease in cash & cash equivalents over the period. $73,051,966 in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income | 40,767,128 |
| Net realized losses on investments | 222,706 |
| Net unrealized losses on equity investments | -259,010 |
| Net unrealized gains on other investments | 171,722 |
| Gain on sale of real estate | 1,965,989 |
| Depreciation and amortization | 2,559,835 |
| Bad debt expense | 599,653 |
| Accretion of bond discount, net | -17,958 |
| Amortization of discount and issuance costs on debt | 65,163 |
| Loss on extinguishment of debt | -174,962 |
| Stock-based compensation | 1,482,357 |
| Deferred income tax (benefit) expense | -201,548 |
| Premiums receivable, net | -154,927 |
| Reinsurance receivables, net | -10,325,491 |
| Prepaid reinsurance | 2,142,329 |
| Deferred policy acquisition costs | 3,134,836 |
| Other assets | 2,335,136 |
| Loss and loss adjustment expense reserves | 14,328,190 |
| Unearned premiums | 19,326,339 |
| Advance premiums | 500,390 |
| Reinsurance balances payable | -5,276,802 |
| Deferred ceding commission revenue | -3,178,710 |
| Accounts payable, accrued expenses and other liabilities | 683,261 |
| Taxes payable | 2,835,135 |
| Net cash flows provided by operating activities | 75,859,517 |
| Redemption - fixed-maturity securities held-to-maturity | 1,000,000 |
| Purchase - fixed-maturity securities available-for-sale | 154,381,310 |
| Sale and maturity - fixed-maturity securities available-for-sale | 59,751,659 |
| Purchase - equity securities | 19,100 |
| Sale - equity securities | 0 |
| Proceeds from sale of real estate | 3,600,000 |
| Acquisition of property and equipment | 2,807,551 |
| Net cash flows used in investing activities | -92,856,302 |
| Principal payments on equipment financing | 1,223,293 |
| Principal payments on notes-Notes Twenty Twenty Two | 0 |
| Principal payments on notes-Notes Two Thousand Twenty Four | 5,950,000 |
| Issue costs on 2024 and 2022 notes | 0 |
| Proceeds from exercise of stock options | 62,714 |
| Proceeds from employee stock purchase plan | 137,116 |
| Withholding taxes paid on net exercise of stock options | 14,305 |
| Withholding taxes paid on vested restricted stock awards | 562,214 |
| Net proceeds from issuance of common stock | 9,470,453 |
| Dividends paid | 1,414,397 |
| Net cash flows provided by (used in) financing activities | 506,074 |
| (decrease) increase in cash and cash equivalents | -16,490,711 |
| Cash and cash equivalents, beginning of period | 28,669,441 |
| Cash and cash equivalents, end of period | 12,178,730 |
KINGSTONE COMPANIES, INC. (KINS)
KINGSTONE COMPANIES, INC. (KINS)