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KINGSTONE EXHIBIT 99.1 - FOR IMMEDIATE RELEASE Kingstone Announces 2021 Third Quarter Financial Results Board Declares Quarterly Dividend Kingston , NY — November 11 , 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 September 30 , 2021. The Company will host a conference call for analysts and investors on November 12 , 2021 , at 8:30 a.m. Eastern Time , as previously announced on October 13 , 2021 . 2021 Third Quarter Financial and Operational Highlights ( All results are compared to prior year quarterly period unless otherwise noted ) Loss per share of $ ( 1.01 ) compared to $ ( 0.12 ) ; Operating loss per share¹ of ( $ 1.02 ) compared to $ ( 0.27 ) Book value per share of $ 7.43 down 12.8 % from the prior quarter Direct written premiums¹ grew by 6.8 % to $ 48.9 million Net premiums earned increased 33.7 % to $ 36.8 million Net combined ratio increased to 136.4 % from 111.9 % driven by an increase in the net loss ratio to 97.1 % from 73.1 % . Net investment income increased 12.2 % to $ 1.7 million Portfolio realignment increases credit quality and maintains limited duration profile 88,329 shares repurchased during Q3 . Total return to shareholders during Q3 including dividends of $ 1.4 million or 1.6 % of the prior quarter's shareholders ' equity . Quarterly Dividend of $ 0.04 per share The Company announced that its Board of Directors declared a quarterly dividend of $ 0.04 per share payable on December 15 , 2021 to stockholders of record at the close of business on November 30 , 2021 . 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 . Management Commentary Barry Goldstein , Kingstone's Chief Executive Officer , elaborated on the Company's results : " Along with every other shareholder I am disappointed in the results . Even with weather being outside of our control , never before had there been a single calendar quarter with three separate storms each resulting in more than $ 1 million of loss . These Catastrophe losses and loss adjustment expenses added 33 points to our combined ratio this quarter . Our core losses were higher than expected as well , much of which I believe is a Covid - 19 impact . We are a business that's been around , collected premiums and paid claims since 1886. We report here on our history , but as a company we are always planning for the future . We analyze and scrutinize in painstaking detail when our results don't meet expectations . That is exactly what we are doing now . At the same time we again call out that we are continuing to see reasonable growth in new higher premium profitable business , primarily due to the restrictive actions taken by some of our competitors . We remain hyper focused on profitability , and we maintain tight underwriting standards . Our new higher rates are rolling on and will increase our earned premium and bring us a much higher average rate level . This bodes well for future profitability . Investment income increased by 12.2 % during the quarter . Also of note is that our new fixed income manager has begun to restructure our portfolio , which as of the end of Q3 resulted in a higher average credit quality , better diversification , and little change to our focus on shorter duration securities . During the quarter we repurchased 88,329 shares , making the total share repurchases during 2021 219,914 shares . We also paid our 42nd consecutive quarterly dividend during Q3 . "