Company: KNSL
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0001669162-25-000027
Chunk: 59

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 8
Chunk 59
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 ended December 31, 2024 and is effective for interim periods within 2025. Refer to Note 15 for the Company's segment reporting disclosures. 

8

Table of Contents

Prospective accounting pronouncementsASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation DisclosuresIn November 2024, the FASB issued ASU 2024-03, "Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses," requiring public entities to disclose additional information about specific expense categories in the notes to the financial statements on an interim and annual basis. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, and for interim periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the effect the guidance will have on its disclosures.

2.     Investments

Available-for-sale investmentsThe following tables summarize the available-for-sale investments at March 31, 2025 and December 31, 2024:March 31, 2025Amortized CostGross Unrealized GainsGross Unrealized LossesAllowance for Credit LossesEstimated Fair Value(in thousands)Fixed-maturity securities:U.S. Treasury securities and obligations of U.S. government agencies$7,833 $9 $(292)$— $7,550 Obligations of states, municipalities and political subdivisions164,845 223 (20,703)(5)144,360 Corporate and other securities2,117,109 12,026 (41,988)(42)2,087,105 Asset-backed securities737,396 6,000 (671)— 742,725 Residential mortgage-backed securities554,216 2,412 (46,609)— 510,019 Commercial mortgage-backed securities226,947 1,054 (3,507)— 224,494 Total fixed-maturity securities$3,808,346 $21,724 $(113,770)$(47)$3,716,253 December 31, 2024Amortized CostGross Unrealized GainsGross Unrealized LossesAllowance for Credit LossesEstimated Fair Value(in thousands)Fixed-maturity securities:U.S. Treasury securities and obligations of U.S. government agencies$15,465