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Kingstone Reports Third Quarter Results

Kingstone Companies, Inc. (NASDAQ: KINS) today released its results for the three and nine months periods ended September 30, 2010.

                   
Item    

Three Months EndedSeptember 30, 2010

   

Three Months EndedSeptember 30, 2009

    Percentage Change
Gross Revenues     $ 5,750,121     $ 4,115,448     +39.7 %
Operating Income     344,192     424,450     -18.9 %
Comprehensive Income     577,783     401,223*     +44.0 %
Earnings per Share (diluted)     .06     .05*     +20.0 %

*-Excluding the one time gain on acquisition of Kingstone Insurance Company of $5,401,860 and per share gain on July 1, 2009. Actual comprehensive income and earnings per share (diluted) for the three months ended September 30, 2009 were $5,803,083 and $1.54, respectively.

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