Company: KNSL
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001669162-25-000043
Chunk: 12

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Item 1
Chunk 12
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Estimated Fair ValueGross Unrealized LossesEstimated Fair ValueGross Unrealized LossesEstimated Fair ValueGross Unrealized Losses(in thousands)Fixed-maturity securities:U.S. Treasury securities and obligations of the U.S. government agencies$293 $(3)$6,746 $(238)$7,039 $(241)Obligations of states, municipalities and political subdivisions7,184 (115)117,383 (21,455)124,567 (21,570)Corporate and other securities155,805 (1,145)376,847 (34,673)532,652 (35,818)Asset-backed securities97,455 (171)12,589 (437)110,044 (608)Residential mortgage-backed securities48,856 (358)231,602 (45,532)280,458 (45,890)Commercial mortgage-backed securities52,417 (200)51,096 (2,815)103,513 (3,015)Total fixed-maturity securities$362,010 $(1,992)$796,263 $(105,150)$1,158,273 $(107,142)At June 30, 2025, the Company held 676 fixed-maturity securities in an unrealized loss position with a total estimated fair value of $1.2 billion and gross unrealized losses of $107.1 million. Of these securities, 555 were in a continuous unrealized loss position for greater than one year. As discussed above, the Company regularly reviews all fixed-maturity securities within its investment portfolio to determine whether a credit loss has occurred. Based on the Company's review as of June 30, 2025, except for securities previously discussed, unrealized losses were caused by interest rate changes or other market factors and were not credit-specific issues. At June 30, 2025, 79.2% of the Company’s fixed-maturity securities were rated "A-" or better and all of the Company’s fixed-maturity securities made expected coupon payments under the contractual terms of the securities. 

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December 31, 2024Less than 12 Months12 Months or LongerTotalEstimated Fair ValueGross Unrealized LossesEstimated Fair ValueGross Unrealized LossesEstimated Fair ValueGross Unrealized Losses(in thousands)Fixed-maturity securities:U.S. Treasury securities and obligations of U.S.