Kingstone Companies Corrects Press Release
Ticker: KINS · Form: 8-K · Filed: Nov 18, 2024 · CIK: 33992
Sentiment: neutral
Topics: correction, press-release, financial-condition
Related Tickers: KINS
TL;DR
Kingstone Companies (KINS) filed an 8-K to correct a press release from Nov 15th. Details TBD.
AI Summary
Kingstone Companies, Inc. filed an 8-K on November 18, 2024, to correct a press release originally issued on November 15, 2024. The filing pertains to the company's results of operations and financial condition, as well as Regulation FD disclosures and financial statements. The correction was made to a press release dated November 15, 2024.
Why It Matters
This filing indicates a need for clarification or amendment to previously released financial information, which could impact investor understanding of the company's performance.
Risk Assessment
Risk Level: low — This is a procedural filing to correct a previous press release, not a material event that fundamentally changes the company's risk profile.
Key Players & Entities
- KINGSTONE COMPANIES, INC. (company) — Registrant
- November 15, 2024 (date) — Original press release date
- November 18, 2024 (date) — Filing date of the 8-K
FAQ
What specific information in the November 15, 2024 press release was corrected?
The filing does not specify the exact nature of the correction, only that it is a correction to the press release dated November 15, 2024.
What is the accession number for this filing?
The accession number for this filing is 0001021771-24-000201.
What is the SEC file number for Kingstone Companies, Inc.?
The SEC file number for Kingstone Companies, Inc. is 000-01665.
When is Kingstone Companies, Inc.'s fiscal year end?
Kingstone Companies, Inc.'s fiscal year ends on December 31.
What is the primary business of Kingstone Companies, Inc. according to the filing?
Kingstone Companies, Inc. is in the FIRE, MARINE & CASUALTY INSURANCE industry, SIC code 6331.
Filing Stats: 639 words · 3 min read · ~2 pages · Grade level 11 · Accepted 2024-11-18 17:28:15
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share KINS NASDAQ Cap
- $4.58 — ("AOCI") as of September 30, 2024 were $4.58 and $5.28, respectively. Such book valu
- $5 — as of September 30, 2024 were $4.58 and $5.28, respectively. Such book value per s
- $4.32 — ding AOCI as of September 30, 2024 were $4.32 and $4.97, respectively. The informati
- $4 — as of September 30, 2024 were $4.32 and $4.97, respectively. The information furn
Filing Documents
- kins8k111524.htm (8-K) — 24KB
- 0001021771-24-000201.txt ( ) — 156KB
- kins-20241115.xsd (EX-101.SCH) — 4KB
- kins-20241115_lab.xml (EX-101.LAB) — 21KB
- kins-20241115_pre.xml (EX-101.PRE) — 16KB
- kins8k111524_htm.xml (XML) — 4KB
02
Item 2.02 Results of Operations and Financial Condition . On November 12, 2024, Kingstone Companies, Inc. (the "Company") issued a press release announcing its financial results for the period ended September 30, 2024 (the "Press Release"). In the Press Release, the Company indicated that its book value per share – diluted and book value per share – diluted excluding accumulated other comprehensive income ("AOCI") as of September 30, 2024 were $4.58 and $5.28, respectively. Such book value per share figures were also included in the presentation made by the Company in its quarterly conference call for analysts and investors on November 13, 2024. On November 15, 2024, the Company determined that such book value per share figures were calculated based upon an incorrect number of shares of common stock outstanding on a fully diluted basis as of September 30, 2024. Based upon the correct number of shares of common stock outstanding on a fully diluted basis, the book value per share – diluted and book value per share – diluted excluding AOCI as of September 30, 2024 were $4.32 and $4.97, respectively. The information furnished with this Item 2.02 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
01
Item 7.01 Regulation FD Disclosure . See Item 2.02 above.
Financial Statements and Exhibits
Financial Statements and Exhibits . (d) Exhibits: 104 Cover Page Interactive Data File (embedded within the inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. KINGSTONE COMPANIES, INC. Dated: November 18, 2024 By: /s/ Jennifer Gravelle Jennifer Gravelle CFO