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Fixed-maturity securities
$9,324,074
Equity securities
$508,686
Cash and cash
equivalents
$344,837
Provisional ceding
commissions earned
$13,926,916
Contingent ceding
commissions earned
$1,748,055
Total
$10,177,597
Net premiums earned
$187,126,722
Ceding commission
revenue
$15,674,971
Net investment
income
$9,798,764
Realized gain on sale of
real estate
$1,965,989
Other income
$610,849
Investment expenses
$378,833
Total revenues
$214,867,301
Gross decrease in
unrealized losses on...
$7,491,149
Reclassification adjustment for
losses included in net...
-$222,706
Net (losses) gains
on investments
-$309,994
Gross gains
$171,722
Income from operations
before taxes
$51,045,650
Net decrease in
unrealized losses
$7,713,855
Total expenses
$163,821,651
Net realized losses
-$222,706
Net unrealized
(losses) gains
-$87,288
Total other
investments
$171,722
Net income
$40,767,128
Other comprehensive
income, net of tax
$6,093,946
Income tax expense
$10,278,522
Income tax expense
related to items of other...
-$1,619,909
Deferred federal and
state income tax...
-$201,548
Loss and loss
adjustment expenses
$84,265,722
Commission expense
$40,726,801
Other underwriting
expenses
$31,718,770
Other operating
expenses
$4,105,310
Depreciation and
amortization
$2,559,835
Interest expense
$445,213
Total fixed-maturity
securities
-$222,706
Total equity
securities
-$259,010
Gross realized gains
$16,152
Comprehensive income
$46,861,074
Current federal income
tax expense
$10,477,480
Utilization of net operating
loss
$419,357
Current state income tax
expense
$2,590
Gross realized losses
-$238,858
Gross losses
-$259,010
Federal income tax
before utilization of...
$10,896,837
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Income Statement
source: myfinsight.com
KINGSTONE COMPANIES, INC. (KINS)
KINGSTONE COMPANIES, INC. (KINS)