Subsequent Events

6 Months Ended

Jun. 30, 2026

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

The Company has evaluated events that occurred subsequent to June 30, 2026 through the date these condensed consolidated financial statements were issued for matters that required disclosure or adjustment in these condensed consolidated financial statements.

Debt

On July 1, 2026, Kingstone executed a Revolving Loan Note pursuant to a credit agreement (together, the “Citizens Agreement”) with Citizens Bank (“Lender”). Capitalized terms used in this footnote are defined in the Citizens Agreement.

Under the Citizens Agreement, Kingstone may receive advances from Lender not to exceed an unpaid principal balance of $5,000,000. Advances extended under the Citizens Agreement will bear interest at a floating rate based on either the one-month secured overnight financing rate plus a margin of 2.5% or the Alternate Base Rate plus a margin of 2.5%. The credit line will be subject to a 0.25% unused fee. The Citizens Agreement is subject to certain financial and non-financial covenants.

Interest only payments are due monthly, and payment in full is due at maturity on July 1, 2028. Advances are unsecured.

Closing costs and fees of approximately $40,000 were paid in connection with the Citizens Agreement, representing legal fees and out of pocket costs incurred by the Lender. The line of credit will be used for general corporate purposes.

Reinsurance

Effective July 1, 2026, KICO entered into new excess of loss and catastrophe reinsurance treaties (see Note 6 – Property and Casualty Insurance Activity - “Reinsurance”).

Dividend Declared

On July 23, 2026, the Company’s Board of Directors approved a quarterly dividend of $0.06 per share payable in cash on August 26, 2026 to stockholders of record as of the close of business on August 11, 2026 (see Note 8 – Stockholders’ Equity).

There were no other subsequent events identified requiring recognition or disclosure in these condensed consolidated financial statements.