XML 31 R21.htm IDEA: XBRL DOCUMENT
v3.22.1

Investments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Investments |
Schedule Of Available For Sale Fixed Maturity Securities Contractual Maturity |
|  | March 31, 2022 |
|  | Cost or |  |  | Gross |  |  | Gross Unrealized Losses |  |  | Estimated |  |  | Net |
|  | Amortized |  |  | Unrealized |  |  | Less than 12 |  |  | More than 12 |  |  | Fair |  |  | Unrealized |
Category |  | Cost |  |  | Gains |  |  | Months |  |  | Months |  |  | Value |  |  | Losses |
Fixed-Maturity Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Political subdivisions of States, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Territories and Possessions |  | $ | 17,227,562 |  |  | $ | 5,692 |  |  | $ | (1,614,463 | ) |  | $ | - |  |  | $ | 15,618,791 |  |  | $ | (1,608,771 | )
Corporate and other bonds |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Industrial and miscellaneous |  |  | 85,566,044 |  |  |  | 336,272 |  |  |  | (3,143,378 | ) |  |  | - |  |  |  | 82,758,938 |  |  |  | (2,807,106 | )
Residential mortgage and other asset backed securities |  |  | 56,656,711 |  |  |  | 289,836 |  |  |  | (3,119,931 | ) |  |  | (306,849 | ) |  |  | 53,519,767 |  |  |  | (3,136,944 | )
Total fixed-maturity securities |  | $ | 159,450,317 |  |  | $ | 631,800 |  |  | $ | (7,877,772 | ) |  | $ | (306,849 | ) |  | $ | 151,897,496 |  |  | $ | (7,552,821 | )
|  | December 31, 2021 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Net |
|  | Cost or |  |  | Gross |  |  | Gross Unrealized Losses |  |  | Estimated |  |  | Unrealized |
|  | Amortized |  |  | Unrealized |  |  | Less than 12 |  |  | More than 12 |  |  | Fair |  |  | Gains/ |
Category |  | Cost |  |  | Gains |  |  | Months |  |  | Months |  |  | Value |  |  | (Losses) |
Fixed-Maturity Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Political subdivisions of States, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Territories and Possessions |  | $ | 17,236,750 |  |  | $ | 246,748 |  |  | $ | (197,984 | ) |  | $ | - |  |  | $ | 17,285,514 |  |  | $ | 48,764 |
Corporate and other bonds |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Industrial and miscellaneous |  |  | 80,534,769 |  |  |  | 2,603,411 |  |  |  | (126,926 | ) |  |  | - |  |  |  | 83,011,254 |  |  |  | 2,476,485 |
Residential mortgage and other asset backed securities |  |  | 58,036,959 |  |  |  | 355,985 |  |  |  | (489,258 | ) |  |  | (120,344 | ) |  |  | 57,783,342 |  |  |  | (253,617 | )
Total fixed-maturity securities |  | $ | 155,808,478 |  |  | $ | 3,206,144 |  |  | $ | (814,168 | ) |  | $ | (120,344 | ) |  | $ | 158,080,110 |  |  | $ | 2,271,632 |
Schedule Of Available For Sale Securities | A summary of the amortized cost and estimated fair value of the Company’s investments in available-for-sale fixed-maturity securities by contractual maturity as of March 31, 2022 and December 31, 2021 is shown below:
|  | March 31, 2022 |  |  | December 31, 2021 |
|  | Amortized |  |  | Estimated |  |  | Amortized |  |  | Estimated |
Remaining Time to Maturity |  | Cost |  |  | Fair Value |  |  | Cost |  |  | Fair Value |
Less than one year |  | $ | 496,511 |  |  | $ | 503,090 |  |  | $ | 1,153,099 |  |  | $ | 1,156,636 |
One to five years |  |  | 46,504,448 |  |  |  | 46,284,000 |  |  |  | 43,007,110 |  |  |  | 44,914,759 |
Five to ten years |  |  | 29,499,983 |  |  |  | 27,743,070 |  |  |  | 26,808,853 |  |  |  | 27,332,581 |
More than 10 years |  |  | 26,292,664 |  |  |  | 23,847,569 |  |  |  | 26,802,457 |  |  |  | 26,892,792 |
Residential mortgage and other asset backed securities |  |  | 56,656,711 |  |  |  | 53,519,767 |  |  |  | 58,036,959 |  |  |  | 57,783,342 |
Total |  | $ | 159,450,317 |  |  | $ | 151,897,496 |  |  | $ | 155,808,478 |  |  | $ | 158,080,110 |
Schedule Of Equity Securities |
|  | March 31, 2022 |
|  |  |  |  | Gross |  |  | Gross |  |  | Estimated |
Category |  | Cost |  |  | Gains |  |  | Losses |  |  | Fair Value |
Equity Securities: |  |  |  |  |  |  |  |  |  |  |  |
Preferred stocks |  | $ | 19,944,128 |  |  | $ | 333,811 |  |  | $ | (1,793,476 | ) |  | $ | 18,484,463 |
Common stocks, mutual funds, and exchange traded funds |  |  | 13,145,504 |  |  |  | 837,696 |  |  |  | (702,254 | ) |  |  | 13,280,946 |
Total |  | $ | 33,089,632 |  |  | $ | 1,171,507 |  |  | $ | (2,495,730 | ) |  | $ | 31,765,409 |
|  | December 31, 2021 |
|  |  |  |  |  | Gross |  |  | Gross |  |  | Estimated |
Category |  | Cost |  |  | Gains |  |  | Losses |  |  | Fair Value |
Equity Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Preferred stocks |  | $ | 22,019,509 |  |  | $ | 1,007,009 |  |  | $ | (184,617 | ) |  | $ | 22,841,901 |
Common stocks, mutual funds, and exchange traded funds |  |  | 15,451,160 |  |  |  | 1,573,653 |  |  |  | (179,712 | ) |  |  | 16,845,101 |
Total |  | $ | 37,470,669 |  |  | $ | 2,580,662 |  |  | $ | (364,329 | ) |  | $ | 39,687,002 |
Schedule Of Other Investments |
|  | March 31, 2022 |  |  | December 31, 2021 |
|  |  |  |  | Gross |  |  | Estimated |  |  |  |  |  | Gross |  |  | Estimated |
Category |  | Cost |  |  | Gains |  |  | Fair Value |  |  | Cost |  |  | Gains |  |  | Fair Value |
Other Investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hedge fund |  | $ | 3,999,381 |  |  | $ | 2,626,502 |  |  | $ | 6,625,883 |  |  | $ | 3,999,381 |  |  | $ | 3,562,034 |  |  | $ | 7,561,415 |
Schedule Of Held To Maturity Securities |
|  | March 31, 2022 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Net |
|  | Cost or |  |  | Gross |  |  | Gross Unrealized Losses |  |  | Estimated |  |  | Unrealized |
|  | Amortized |  |  | Unrealized |  |  | Less than 12 |  |  | More than 12 |  |  | Fair |  |  | Gains/ |
Category |  | Cost |  |  | Gains |  |  | Months |  |  | Months |  |  | Value |  |  | (Losses) |
Held-to-Maturity Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 729,654 |  |  | $ | 202,788 |  |  | $ | (1,177 | ) |  | $ | - |  |  | $ | 931,265 |  |  | $ | 201,611 |
Political subdivisions of States, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Territories and Possessions |  |  | 498,249 |  |  |  | 8,421 |  |  |  | - |  |  |  | - |  |  |  | 506,670 |  |  |  | 8,421 |
Exchange traded debt |  |  | 304,111 |  |  |  | - |  |  |  | (21,611 | ) |  |  |  |  |  |  | 282,500 |  |  |  | (21,611 | )
Corporate and other bonds |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Industrial and miscellaneous |  |  | 6,233,124 |  |  |  | 56,601 |  |  |  | (380,860 | ) |  |  | - |  |  |  | 5,908,865 |  |  |  | (324,259 | )
Total |  | $ | 7,765,138 |  |  | $ | 267,810 |  |  | $ | (403,648 | ) |  | $ | - |  |  | $ | 7,629,300 |  |  | $ | (135,838 | )
|  | December 31, 2021 |
|  |  |  |  |  |  |  |  |  |  |  |  | Net |
|  | Cost or |  |  | Gross |  |  | Gross Unrealized Losses |  |  | Estimated |  |  | Unrealized |
|  | Amortized |  |  | Unrealized |  |  | Less than 12 |  |  | More than 12 |  |  | Fair |  |  | Gains/ |
Category |  | Cost |  |  | Gains |  |  | Months |  |  | Months |  |  | Value |  |  | (Losses) |
Held-to-Maturity Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 729,642 |  |  | $ | 209,633 |  |  | $ | - |  |  | $ | - |  |  | $ | 939,275 |  |  | $ | 209,633 |
Political subdivisions of States, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Territories and Possessions |  |  | 998,239 |  |  |  | 22,856 |  |  |  | - |  |  |  | - |  |  |  | 1,021,095 |  |  |  | 22,856 |
Exchange traded debt |  |  | 304,111 |  |  |  | 85 |  |  |  | (13,921 | ) |  |  |  |  |  |  | 290,275 |  |  |  | (13,836 | )
Corporate and other bonds |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Industrial and miscellaneous |  |  | 6,234,342 |  |  |  | 280,951 |  |  |  | (12,779 | ) |  |  | - |  |  |  | 6,502,514 |  |  |  | 268,172 |
Total |  | $ | 8,266,334 |  |  | $ | 513,525 |  |  | $ | (26,700 | ) |  | $ | - |  |  | $ | 8,753,159 |  |  | $ | 486,825 |
Schedule Of Held To Maturity Securities By Contractual Maturity |
|  | March 31, 2022 |  |  | December 31, 2021 |
|  | Amortized |  |  | Estimated |  |  | Amortized |  |  | Estimated |
Remaining Time to Maturity |  | Cost |  |  | Fair Value |  |  | Cost |  |  | Fair Value |
Less than one year |  | $ | 494,595 |  |  | $ | 501,795 |  |  | $ | 994,712 |  |  | $ | 1,008,180 |
One to five years |  |  | 1,206,159 |  |  |  | 1,262,780 |  |  |  | 1,205,829 |  |  |  | 1,290,465 |
Five to ten years |  |  | 1,516,810 |  |  |  | 1,494,773 |  |  |  | 1,513,942 |  |  |  | 1,648,808 |
More than 10 years |  |  | 4,547,574 |  |  |  | 4,369,952 |  |  |  | 4,551,851 |  |  |  | 4,805,706 |
Total |  | $ | 7,765,138 |  |  | $ | 7,629,300 |  |  | $ | 8,266,334 |  |  | $ | 8,753,159 |
Schedule Of Investment Income |
|  | Three months ended |
|  | March 31, |
|  | 2022 |  |  | 2021 |
Income: |  |  |  |  |  |
Fixed-maturity securities |  | $ | 1,140,189 |  |  | $ | 1,491,127 |
Equity securities |  |  | 345,168 |  |  |  | 357,311 |
Cash and cash equivalents |  |  | 183 |  |  |  | 924 |
Total |  |  | 1,485,540 |  |  |  | 1,849,362 |
Expenses: |  |  |  |  |  |  |  |
Investment expenses |  |  | 126,440 |  |  |  | 66,166 |
Net investment income |  | $ | 1,359,100 |  |  | $ | 1,783,196 |
Schedule Of Securities With Realized Gains And Losses On Investments |
|  | Three months ended |
|  | March 31, |
|  | 2022 |  |  | 2021 |
Realized Gains (Losses) |  |  |  |  |  |
Fixed-maturity securities: |  |  |  |  |  |
Gross realized gains |  | $ | 85,100 |  |  | $ | 410,311 |
Gross realized losses |  |  | (126,424 | ) |  |  | (15,986 | )
|  |  | (41,324 | ) |  |  | 394,325 |
Equity securities: |  |  |  |  |  |  |  |
Gross realized gains |  |  | 448,306 |  |  |  | 933,122 |
Gross realized losses |  |  | (329,221 | ) |  |  | (200,213 | )
|  |  | 119,085 |  |  |  | 732,909 |
Net realized gains |  |  | 77,761 |  |  |  | 1,127,234 |
Unrealized (Losses) Gains |  |  |  |  |  |  |  |
Equity Securities: |  |  |  |  |  |  |  |
Gross gains |  |  | - |  |  |  | 1,003,209 |
Gross losses |  |  | (3,560,634 | ) |  |  | - |
|  |  | (3,560,634 | ) |  |  | 1,003,209 |
Other Investments: |  |  |  |  |  |  |  |
Gross gains |  |  | - |  |  |  | 829,964 |
Gross losses |  |  | (915,532 | ) |  |  | - |
|  |  | (915,532 | ) |  |  | 829,964 |
Net unrealized (losses) gains |  |  | (4,476,166 | ) |  |  | 1,833,173 |
Net (losses) gains on investments |  | $ | (4,398,405 | ) |  | $ | 2,960,407 |
Schedule Of Securities With Unrealized Losses |
|  | March 31, 2022 |
|  | Less than 12 months |  |  | 12 months or more |  |  | Total |
|  | Estimated |  |  |  |  |  | No. of |  |  | Estimated |  |  |  |  |  | No. of |  |  | Estimated |  |  |  |
|  | Fair |  |  | Unrealized |  |  | Positions |  |  | Fair |  |  | Unrealized |  |  | Positions |  |  | Fair |  |  | Unrealized |
Category |  | Value |  |  | Losses |  |  | Held |  |  | Value |  |  | Losses |  |  | Held |  |  | Value |  |  | Losses |
Fixed-Maturity Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities and obligations of U.S. government corporations and agencies |  | $ | - |  |  | $ | - |  |  |  | - |  |  | $ | - |  |  |  | - |  |  |  | - |  |  | $ | - |  |  | $ | - |
Political subdivisions of States, Territories and Possessions |  |  | 14,959,121 |  |  |  | (1,614,463 | ) |  |  | 12 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 14,959,121 |  |  |  | (1,614,463 | )
Corporate and other bonds industrial and miscellaneous |  |  | 51,973,548 |  |  |  | (3,143,378 | ) |  |  | 55 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 51,973,548 |  |  |  | (3,143,378 | )
Residential mortgage and other asset backed securities |  |  | 40,310,519 |  |  |  | (3,119,931 | ) |  |  | 31 |  |  |  | 2,733,402 |  |  |  | (306,849 | ) |  |  | 2 |  |  |  | 43,043,921 |  |  |  | (3,426,780 | )
Total fixed-maturity securities |  | $ | 107,243,188 |  |  | $ | (7,877,772 | ) |  |  | 98 |  |  | $ | 2,733,402 |  |  | $ | (306,849 | ) |  |  | 2 |  |  | $ | 109,976,590 |  |  | $ | (8,184,621 | )
|  | December 31, 2021 |
|  | Less than 12 months |  |  | 12 months or more |  |  | Total |
|  | Estimated |  |  |  |  |  | No. of |  |  | Estimated |  |  |  |  |  | No. of |  |  | Estimated |  |  |  |
|  | Fair |  |  | Unrealized |  |  | Positions |  |  | Fair |  |  | Unrealized |  |  | Positions |  |  | Fair |  |  | Unrealized |
Category |  | Value |  |  | Losses |  |  | Held |  |  | Value |  |  | Losses |  |  | Held |  |  | Value |  |  | Losses |
Fixed-Maturity Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities and obligations of U.S. government corporations and agencies |  | $ | - |  |  | $ | - |  |  |  | - |  |  | $ | - |  |  |  | - |  |  |  | - |  |  | $ | - |  |  | $ | - |
Political subdivisions of States, Territories and Possessions |  |  | 6,768,123 |  |  |  | (197,984 | ) |  |  | 5 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 6,768,123 |  |  |  | (197,984 | )
Corporate and other bonds industrial and miscellaneous |  |  | 17,593,707 |  |  |  | (126,926 | ) |  |  | 15 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 17,593,707 |  |  |  | (126,926 | )
Residential mortgage and other asset backed securities |  |  | 45,399,451 |  |  |  | (489,258 | ) |  |  | 26 |  |  |  | 2,923,182 |  |  |  | (120,344 | ) |  |  | 2 |  |  |  | 48,322,633 |  |  |  | (609,602 | )
Total fixed-maturity securities |  | $ | 69,761,281 |  |  | $ | (814,168 | ) |  |  | 46 |  |  | $ | 2,923,182 |  |  | $ | (120,344 | ) |  |  | 2 |  |  | $ | 72,684,463 |  |  | $ | (934,512 | )

X
- References No definition available. + Details
Name: | king_OtherInvestmentsTableTextBlock
Namespace Prefix: | king_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cos + References No definition available. + Details
Name: | king_ScheduleOfAvailableForSaleFixedMaturitySecuritiesContractualMaturityTableTextBlock
Namespace Prefix: | king_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | king_ScheduleOfEquitySecurities
Namespace Prefix: | king_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Custom Element. + References No definition available. + Details
Name: | king_ScheduleOfHeldToMaturitySecurities
Namespace Prefix: | king_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Custom Element. + References No definition available. + Details
Name: | king_ScheduleOfHeldToMaturitySecuritiesByContractualMaturity
Namespace Prefix: | king_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Custom Element. + References No definition available. + Details
Name: | king_ScheduleOfInvestmentIncome
Namespace Prefix: | king_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Custom Element. + References No definition available. + Details
Name: | king_ScheduleOfSecuritiesWithRealizedGainsAndLossesOnInvestmentsTableTextBlock
Namespace Prefix: | king_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124509347&loc=d3e526-108580 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration