Kingstone Companies, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 13, 2021 at 12:02 pm EDT
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Kingstone Companies, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 39.600 million compared to USD 34.689 million a year ago. Net income was USD 1.323 million compared to USD 4.608 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to USD 0.43 a year ago. For the half year, total revenue was USD 79.103 million compared to USD 60.942 million a year ago. Net income was USD 1.012 million compared to net loss of USD 836,013 a year ago. Basic earnings per share from continuing operations was USD 0.09 compared to basic loss per share from continuing operations of USD 0.08 a year ago.
Kingstone Companies, Inc., through its wholly owned subsidiary, Kingstone Insurance Company, operates as a property and casualty insurance company. The Company's property insurance covers the financial consequences of accidental losses to the insured's property, such as a home and the personal property in it, or a business owner's building, inventory and equipment. Casualty insurance (also referred to as liability insurance) covers the financial consequences related to the legal liability of an individual or an organization resulting from negligent acts and omissions that cause bodily injury and/or property damage to a third party. The Company's product lines include personal lines, livery physical damage, and other. Its personal lines consist of homeowners and dwelling fire multi-peril, cooperative/condominiums, renters, and personal umbrella policies. The Company writes for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs.
KINGSTONE COMPANIES, INC. 
