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KINGSTONE FOR IMMEDIATE RELEASE Kingstone Announces 2021 Second Quarter Financial Results Kingston , NY - August 12 , 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 June 30 , 2021. The Company will host a conference call for analysts and investors on August 13 , 2021 at 8:30 a.m. Eastern Time , as previously announced on July 7 , 2021 . 2021 Second Quarter Financial and Operational Highlights ( All results are compared to prior year quarterly period unless otherwise noted ) Earnings per share of $ 0.12 compared to $ 0.43 ; Operating ( loss ) per share¹ of ( $ 0.05 ) compared to income of $ 0.23 Direct written premiums¹ grew by 4.6 % EXHIBIT 99.1 Net premiums earned increased 33.0 % to $ 35.4 million Net combined ratio increased to 100.4 % from 86.9 % driven by an increase in the net loss ratio to 58.6 % from 48.1 % . This increase of 10.5 percentage points is driven by an increase in the number of personal property liability claims , adding 8 percentage points and physical damage claims adding 1.5 percentage points . Other changes added 1 percentage point . Net investment income increased 4.1 % to $ 1.7 million Realized gains increased to $ 0.7 million compared to break even and unrealized gains on equity securities decreased to $ 1.6 million compared to $ 2.7 million Book value per share of $ 8.52 up 2.2 % from the prior quarter . 120,550 shares repurchased during Q2 at an average cost per share of $ 8.07 . Total return to shareholders during Q2 of $ 1.4 million or 1.6 % of the prior quarter's shareholders ' equity . 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