Company profile

Ticker
KINS
Exchange
CEO
Barry B. Goldstein
Employees
Incorporated in
Location
Fiscal year end
Former names
Dcap Group Inc, Dcap Group Inc, Extech Corp
SEC CIK
IRS number
362476480

KINS stock data

(
)

Calendar

9 Aug 19
21 Aug 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 34.61M 34.9M 29.64M 30.89M
Net income 1.64M -7.34M -879.85K 3.93M
Diluted EPS 0.15 -0.68 -0.08 0.36
Net profit margin 4.74% -21.02% -2.97% 12.74%
Net change in cash 3.13M -5.37M -8.76M 10.51M
Cash on hand 18.9M 15.76M 21.14M 29.89M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 113.77M 92.77M 77.44M 64.18M
Net income 3.09M 9.99M 8.9M 6.96M
Diluted EPS 0.29 0.94 1.14 0.94
Net profit margin 2.72% 10.76% 11.49% 10.84%
Net change in cash -27.24M 36.34M -1.51M 3.64M
Cash on hand 21.14M 48.38M 12.04M 13.55M

Financial data from company earnings reports

Financial report summary

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Risks
  • Factors That May Affect Future Results and Financial Condition
  • As a property and casualty insurer, we may face significant losses from catastrophes and severe weather events.
  • Unanticipated increases in the severity or frequency of claims may adversely affect our operating results and financial condition.
  • A downgrade in our financial strength rating from A.M. Best may have a material adverse effect on our competitive position, the marketability of our product offerings, and our liquidity, operating results and financial condition.
  • Adverse capital and credit market conditions may significantly affect our ability to meet liquidity needs or our ability to obtain credit on acceptable terms.
  • We are exposed to significant financial and capital markets risk which may adversely affect our results of operations, financial condition and liquidity, and our net investment income can vary from period to period.
  • Reinsurance subjects us to the credit risk of our reinsurers, which may have a material adverse effect on our operating results and financial condition.
  • Applicable insurance laws regarding the change of control of our company may impede potential acquisitions that our shareholders might consider desirable.
  • The insurance industry is subject to extensive regulation that may affect our operating costs and limit the growth of our business, and changes within this regulatory environment may adversely affect our operating costs and limit the growth of our business.
  • Changing climate conditions may adversely affect our financial condition, profitability or cash flows.
  • Because substantially all of our revenue is currently derived from sources located in New York, our business may be adversely affected by conditions in such state.
  • We are highly dependent on a relatively small number of insurance brokers for a large portion of our revenues.
  • As a holding company, we are dependent on the results of operations of our subsidiary, KICO; there are restrictions on the payment of dividends by KICO.
  • We may not be able to generate sufficient cash to service our debt obligations, including the Notes.
  • Our future results are dependent in part on our ability to successfully operate in an insurance industry that is highly competitive.
  • If we lose key personnel or are unable to recruit qualified personnel, our ability to implement our business strategies could be delayed or hindered.
  • Difficult conditions in the economy generally could adversely affect our business and operating results.
  • Changes in accounting standards issued by the Financial Accounting Standards Board or other standard-setting bodies may adversely affect our reported results of operations and financial condition.
  • Our business could be adversely affected by a security breach or other attack involving our computer systems or those of one or more of our vendors.
  • We rely on our information technology and telecommunication systems, and the failure of these systems could materially and adversely affect our business.
  • Our stock price may fluctuate significantly and be highly volatile and this may make it difficult for shareholders to resell shares of our common stock at the volume, prices and times they find attractive.
  • The trading volume in our common stock has been limited. As a result, shareholders may not experience liquidity in their investment in our common stock, thereby potentially limiting their ability to resell their shares at the volume, times and prices they find attractive.
  • There may be future issuances or resales of our common stock which may materially and adversely affect the market price of our common stock.
  • Our executive officers and directors own a substantial number of shares of our common stock. This will enable them to significantly influence the vote on all matters submitted to a vote of our shareholders.
  • Anti-takeover provisions and the regulations to which we may be subject may make it more difficult for a third party to acquire control of us, even if the change in control would be beneficial to our shareholders.
  • Recent Sales of Unregistered Securities
  • Issuer Purchases of Equity Securities
  • Principal Revenue and Expense Items
  • Critical Accounting Policies and Estimates
  • Consolidated Results of Operations
  • Additional Financial Information
  • Credit Rating of Fixed-Maturity Securities
  • Liquidity and Capital Resources
  • Off-Balance Sheet Arrangements
  • Disclosure Controls and Procedures
  • Opinion on Internal Control over Financial Reporting
  • Definition and Limitations of Internal Control over Financial Reporting
  • Executive Officers and Directors
  • Audit Committee Financial Expert
  • Section 16(a) Beneficial Ownership Reporting Compliance
  • Code of Ethics; Officer and Director Trading Restrictions Policy
  • Summary Compensation Table
  • Compensation of Directors
  • Securities Authorized for Issuance Under Equity Compensation Plans
  • Opinion on the Financial Statements
  • Change in Accounting Principle
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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