XML 32 R21.htm IDEA: XBRL DOCUMENT v3.22.2.2

Investments (Tables)

9 Months Ended

Sep. 30, 2022

Investments

Schedule Of Available For Sale Fixed Maturity Securities

		September 30, 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:
U.S. Treasury securities and obligations of U.S. government corporations and agencies		$	9,946,032			$	930			$	(123	)		$	-			$	9,946,839			$	807
Political subdivisions of States, Territories and Possessions			17,117,473				-				(3,250,196	)			(590,936	)			13,276,341				(3,841,132	)
Corporate and other bonds
Industrial and miscellaneous			84,163,055				-				(9,154,182	)			(269,694	)			74,739,179				(9,423,876	)
Residential mortgage and other asset backed securities (1)			54,307,907				68,159				(4,333,707	)			(2,699,011	)			47,343,348				(6,964,559	)
Total fixed-maturity securities		$	165,534,467			$	69,089			$	(16,738,208	)		$	(3,559,641	)		$	145,305,707			$	(20,228,760	)

		December 31, 2021
		Cost or				Gross				Gross Unrealized Losses												Net
		Amortized				Unrealized				Less than 12				More than 12				Estimated Fair				Unrealized 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

		September 30, 2022								December 31, 2021
		Amortized				Estimated				Amortized				Estimated
Remaining Time to Maturity		Cost				Fair Value				Cost				Fair Value
Less than one year		$	14,852,441			$	14,824,136			$	1,153,099			$	1,156,636
One to five years			44,959,185				42,305,309				43,007,110				44,914,759
Five to ten years			30,271,976				24,680,308				26,808,853				27,332,581
More than 10 years			21,142,958				16,152,606				26,802,457				26,892,792
Residential mortgage and other asset backed securities			54,307,907				47,343,348				58,036,959				57,783,342
Total		$	165,534,467			$	145,305,707			$	155,808,478			$	158,080,110

Schedule Of Equity Securities

		September 30, 2022
						Gross				Gross				Estimated
Category		Cost				Gains				Losses				Fair Value
Equity Securities:
Preferred stocks		$	16,047,207			$	-			$	(3,488,481	)		$	12,558,726
Common stocks, mutual funds, and exchange traded funds			10,728,809				103,902				(1,922,991	)			8,909,720
Total		$	26,776,016			$	103,902			$	(5,411,472	)		$	21,468,446

		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

		September 30, 2022												December 31, 2021
						Gross				Estimated								Gross				Estimated
Category		Cost				Gains				Fair Value				Cost				Gains				Fair Value
Other Investments:
Hedge fund		$	1,987,040			$	589,232			$	2,576,272			$	3,999,381			$	3,562,034			$	7,561,415

Schedule Of Held To Maturity Securities

		September 30, 2022
		Cost or				Gross				Gross Unrealized Losses								Estimated				Net
		Amortized				Unrealized				Less than 12				More than 12				Fair				Unrealized Gains/
Category		Cost				Gains				Months				Months				Value				(Losses)
Held-to-Maturity Securities:
U.S. Treasury securities		$	1,228,485			$	73,468			$	(36,802	)		$	-			$	1,265,151			$	36,666
Political subdivisions of States, Territories and Possessions			498,508				-				(1,498	)			-				497,010				(1,498	)
Exchange traded debt			304,111				-				(43,361	)			-				260,750				(43,361	)
Corporate and other bonds
Industrial and miscellaneous			5,736,079				35,503				(1,182,635	)			-				4,588,947				(1,147,132	)
Total		$	7,767,183			$	108,971			$	(1,264,296	)		$	-			$	6,611,858			$	(1,155,325	)

		December 31, 2021
		Cost or				Gross				Gross Unrealized Losses								Estimated				Net
		Amortized				Unrealized				Less than 12				More than 12				Fair				Unrealized 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

		September 30, 2022								December 31, 2021
		Amortized				Estimated				Amortized				Estimated
Remaining Time to Maturity		Cost				Fair Value				Cost				Fair Value
Less than one year		$	708,325			$	742,533			$	994,712			$	1,008,180
One to five years			1,120,315				1,082,015				1,205,829				1,290,465
Five to ten years			1,399,725				1,177,545				1,513,942				1,648,808
More than 10 years			4,538,818				3,609,765				4,551,851				4,805,706
Total		$	7,767,183			$	6,611,858			$	8,266,334			$	8,753,159

Schedule Of Investment Income

		Three months ended								Nine months ended
		September 30								September 30
		2022				2021				2022				2021
Income:
Fixed-maturity securities		$	1,243,177			$	1,288,277			$	2,841,307			$	4,238,746
Equity securities			247,275				436,833				872,005				1,145,244
Cash and cash equivalents			26,630				9,636				29,796				11,194
Other investments			-				42,908				-				-
Total			1,517,082				1,777,654				3,743,108				5,395,184
Expenses:
Investment expenses			89,811				101,058				322,412				257,317
Net investment income		$	1,427,271			$	1,676,596			$	3,420,696			$	5,137,867

Schedule Of Securities With Realized Gains And Losses On Investments

		Three months ended								Nine months ended
		September 30,								September 30,
		2022				2021				2022				2021
Realized Gains (Losses)
Fixed-maturity securities:
Gross realized gains		$	364			$	343,773			$	102,774			$	1,121,068
Gross realized losses			(4,620	)			(8,103	)			(158,701	)			(49,601	)
			(4,256	)			335,670				(55,927	)			1,071,467
Equity securities:
Gross realized gains			907,089				639,626				1,384,432				2,015,574
Gross realized losses			(92,159	)			(26,031	)			(728,732	)			(293,519	)
			814,930				613,595				655,700				1,722,055
Other Investments:
Gross realized gains			589,233				83,798				589,233				83,798
Gross realized losses			-				-				-				-
			589,233				83,798				589,233				83,798
Net realized gains			1,399,907				1,033,063				1,189,006				2,877,320
Unrealized (Losses) Gains
Equity Securities:
Gross gains			-				(1,331,675	)			-				592,397
Gross losses			(1,132,596	)							(7,549,640	)			-
			(1,132,596	)			(1,331,675	)			(7,549,640	)			592,397
Other Investments:
Gross gains			-				503,146				-				2,010,485
Gross losses			(664,969	)			-				(2,952,802	)			-
			(664,969	)			503,146				(2,952,802	)			2,010,485
Net unrealized (losses) gains			(1,797,565	)			(828,529	)			(10,502,442	)			2,602,882
Net (losses) gains on investments		$	(397,658	)		$	204,534			$	(9,313,436	)		$	5,480,202

Schedule Of Securities With Unrealized Losses

		September 30, 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		$	5,975,160			$	(123	)			1			$	-			$	-				-			$	5,975,160			$	(123	)
Political subdivisions of States, Territories and Possessions			11,461,126				(3,250,196	)			12				1,815,216				(590,936	)			2				13,276,342				(3,841,132	)
Corporate and other bonds industrial and miscellaneous			73,921,209				(9,154,182	)			93				817,970				(269,694	)			1				74,739,179				(9,423,876	)
Residential mortgage and other asset backed securities			27,985,270				(4,333,707	)			31				18,593,599				(2,699,011	)			15				46,578,869				(7,032,718	)
Total fixed-maturity securities		$	119,342,765			$	(16,738,208	)			137			$	21,226,785			$	(3,559,641	)			18			$	140,569,550			$	(20,297,849	)

		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

- References

No definition available.

+ Details

Name:	king_ScheduleOfAvailableForSaleFixedMaturitySecuritiesTableTextBlock
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 https://asc.fasb.org/extlink&oid=126968391&loc=d3e526-108580

+ Details

Name:	us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration