COMP <GO>

KINS vs MBI // EV/EBITDA & P/E VALUATION

Kingstone Companies Inc. (NASDAQ) VS. MBIA Inc. (NYSE) • 15-METRIC TALLY: KINS 5 — MBI 1

■ METRIC PARITY

LAST: $20.04 (+1.73%) • MKT CAP: $290.1M

valuation

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LAST: $4.45 (-0.22%) • MKT CAP: $227.0M

valuation

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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (KINS VS. MBI) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	KINS	MBI	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	33.20%	—	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	16.74%	—	TIE	/fcf-yield <GO>
Operating Margin	—	—	—	TIE	/operating-margins <GO>
Net Profit Margin	19.00%	-60.00%	+79.00	KINS	/net-margins <GO>
Revenue Growth (YoY)	38.50%	90.50%	-52.00	MBI	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.49%	0.00%	+0.49	KINS	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	6/9	4/9	+2.00	KINS	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	62.3	48.0	+14.31	KINS	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	6.0x	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$290.1M	$227.0M	$63.1M	KINS	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	KINS REV	MBI REV	KINS GROSS %	MBI GROSS %	KINS FCF	MBI FCF
FY 2025	$214.9M	$80.0M	—	—	$73.1M	$38.0M
FY 2024	$155.1M	$42.0M	—	—	$55.6M	-$176.0M
FY 2023	$144.2M	$7.0M	—	—	-$11.3M	-$195.0M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

KINS // BETA —

MBI // BETA —