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KINGSTONE FOR IMMEDIATE RELEASE Kingstone Announces 2021 First Quarter Financial Results and Full Year 2021 Guidance Kingston , NY - May 13 , 2021 - Kingstone Companies , Inc. ( Nasdaq : KINS ) ( the " Company " or " Kingstone " ) , a Northeast regional property and casualty insurance holding company , today announced its financial results for the quarter ended March 31 , 2021 and certain full year 2021 guidance . The Company will host a conference call for analysts and investors on May 14 , 2021 at 8:30 a.m. Eastern Time , as previously announced on April 27 , 2021 . 2021 First Quarter Financial and Operational Highlights ( All results are compared to prior year period unless otherwise noted ) • Loss per share of ( $ 0.03 ) compared to ( $ 0.50 ) ; Operating loss per share¹ of ( $ 0.25 ) compared to ( $ 0.03 ) Direct written premiums¹ from personal lines grew by 5 % ; Total direct written premiums¹ grew by 3.9 % . Net premiums earned from personal lines grew by 45 % following the Company's exit from its 25 % personal lines quota share treaty in December 2020 ; Total net premiums earned increased 28.4 % to $ 34.6 million • Net combined ratio increased to 107.2 % from 99.9 % driven by an increase in the net loss ratio to 65.2 % from 60.8 % • Net investment income increased 7.0 % to $ 1.8 million • Realized gains increased to $ 1.1 million compared to $ 0.3 million and unrealized gains on equity securities increased to $ 1.8 million compared to an unrealized loss of $ 6.7 million • Book value per share of $ 8.34 Annual Meeting of Stockholders The Company also announced that the 2021 Annual Meeting of Stockholders will be held on Tuesday , August 10 , 2021 at 9:00 A.M. at 15 Joys Lane , Kingston , New York . Stockholders of record as of the close of business on June 17 , 2021 will be entitled to vote at the Annual Meeting . 1 These measures are not based on accounting principles generally accepted in the United States ( " GAAP " ) and are defined and reconciled below to the most directly comparable GAAP measures . 1