Company: KNSL
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0001669162-25-000027
Chunk: 52

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 1A
Chunk 52
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 in California, Florida and Texas. Any economic downturn in any such state could have an adverse effect on our business, financial condition and results of operations. 

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Table of Contents

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

The table below sets forth information regarding repurchases by the Company of its common stock during the periods indicated.

Period BeginningPeriod EndingTotal number of shares purchasedAverage price paid per shareTotal number ofshares purchasedas part ofpublicly announcedplans or programs(1)Approximatedollar value ofshares that may yet be purchasedunder theplans or programs(in millions)January 1, 2025January 31, 2025— $— — $90.0 February 1, 2025February 28, 202523,348 $428.28 23,348 $80.0 March 1, 2025March 31, 2025— $— — $80.0 Total23,348 $428.28 23,348 $80.0 

(1) In October 2024, the Company's Board of Directors authorized a share repurchase program authorizing the repurchase of up to $100.0 million of the Company's common stock. The shares may be repurchased from time to time in open market purchases, privately-negotiated transactions, block purchases, accelerated share repurchase agreements or a combination of methods and pursuant to safe harbors provided by Rule 10b-18 and Rule 10b5-1 under the Securities Exchange Act of 1934. The timing, manner, price and amount of any repurchases under the share repurchase program will be determined by the Company in its discretion. The stock repurchase program does not require the Company to repurchase any specific number of shares and may be modified, suspended or terminated at any time. 

Item 5. Other Information

Securities Trading Plans of Directors and Executive OfficersTransactions in our securities by our non-employee directors and executive officers are required to be made in accordance with our Policy on the Prevention of Insider Trading and Selective Disclosure (the "Insider Trading Policy"), which, among other things, requires that the transactions be in accordance with applicable U.S. federal securities laws that prohibit trading while in possession of material nonpublic information. Rule 10b5-1 under the Exchange Act provides an affirmative defense that enables prearranged transactions in securities in a manner that avoids concerns