Subsequent Events	6 Months Ended
Jun. 30, 2021
Subsequent Events
13 - Subsequent Events	Note 13 - Subsequent Events The Company has evaluated events that occurred subsequent to June 30, 2021 through the date these condensed consolidated financial statements were issued for matters that required disclosure or adjustment in these condensed consolidated financial statements. Reinsurance Effective July 1, 2021, the Company entered into new excess of loss and catastrophe reinsurance treaties (see Note 6 - Property and Casualty Insurance Activity - “Reinsurance”). A. M. Best On August 6, 2021, KICO’s A.M. Best financial strength rating was downgraded from B++ (Good) to B+ (Good) and its long-term issuer credit rating (“Long-Term ICR”) was downgraded from “bbb” to “bbb-”. Concurrently, A.M. Best also downgraded the Company’s Long-Term ICR from “bb” to “bb-”. Also downgraded was the long-term issue credit rating on the Company’s $30.0 million 5.50% senior unsecured notes due 2022 from “bb” to “bb-”. Employee Stock Purchase Plan On June 19, 2021, the Company’s Board of Directors adopted the Employee Stock Purchase Plan (the “Purchase Plan”), subject to stockholder approval. Such approval was obtained on August 10, 2021. The purpose of the Purchase Plan is to provide eligible employees of the Company with an opportunity to use payroll deductions to purchase shares of Common Stock of the Company. The maximum number of shares of Common Stock that may be purchased under the Purchase Plan is 750,000, subject to adjustment as provided for in the Purchase Plan. Dividends Declared On July 29, 2021, the Company’s Board of Directors approved a quarterly dividend of $0.04 per share payable in cash on September 15, 2021 to stockholders of record as of the close of business on August 31, 2021 (see Note 8 - Stockholders’ Equity).

Subsequent Events

6 Months Ended

Jun. 30, 2021

Note 13 - Subsequent Events

The Company has evaluated events that occurred subsequent to June 30, 2021 through the date these condensed consolidated financial statements were issued for matters that required disclosure or adjustment in these condensed consolidated financial statements.

Reinsurance

Effective July 1, 2021, the Company entered into new excess of loss and catastrophe reinsurance treaties (see Note 6 - Property and Casualty Insurance Activity - “Reinsurance”).

A. M. Best

On August 6, 2021, KICO’s A.M. Best financial strength rating was downgraded from B++ (Good) to B+ (Good) and its long-term issuer credit rating (“Long-Term ICR”) was downgraded from “bbb” to “bbb-”. Concurrently, A.M. Best also downgraded the Company’s Long-Term ICR from “bb” to “bb-”. Also downgraded was the long-term issue credit rating on the Company’s $30.0 million 5.50% senior unsecured notes due 2022 from “bb” to “bb-”.

Employee Stock Purchase Plan

On June 19, 2021, the Company’s Board of Directors adopted the Employee Stock Purchase Plan (the “Purchase Plan”), subject to stockholder approval. Such approval was obtained on August 10, 2021. The purpose of the Purchase Plan is to provide eligible employees of the Company with an opportunity to use payroll deductions to purchase shares of Common Stock of the Company. The maximum number of shares of Common Stock that may be purchased under the Purchase Plan is 750,000, subject to adjustment as provided for in the Purchase Plan.

Dividends Declared

On July 29, 2021, the Company’s Board of Directors approved a quarterly dividend of $0.04 per share payable in cash on September 15, 2021 to stockholders of record as of the close of business on August 31, 2021 (see Note 8 - Stockholders’ Equity).