Company: KNSL
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001669162-25-000010
Chunk: 165

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 165
---
 policy claims, assessments, litigation, fines, and penalties and other sources, are recorded when it is probable that a liability has been incurred and the amount of the assessment and/or remediation can be reasonably estimated. Legal costs incurred in connection with loss contingencies are expensed as incurred.

112

Schedule VKINSALE CAPITAL GROUP, INC. AND SUBSIDIARIESValuation and Qualifying AccountsAdditionsDeductions(in thousands)Balanceat Beginningof PeriodAmounts Charged toExpenseAmountsWritten Off or DisposalsBalanceat Endof PeriodYear Ended December 31, 2024:Allowance for premiums receivable$13,383 $17,397 $3,854 $26,926 Valuation allowance for deferred tax assets6,182 2,884 — 9,066 Allowance for reinsurance recoverables744 188 — 932 Allowance for credit losses on fixed-maturity investments553 (47)479 27 Year Ended December 31, 2023:Allowance for premiums receivable8,067 9,790 4,474 13,383 Valuation allowance for deferred tax assets5,188 994 — 6,182 Allowance for reinsurance recoverables459 285 — 744 Allowance for credit losses on fixed-maturity investments366 199 12 553 Year Ended December 31, 2022:Allowance for premiums receivable3,391 5,988 1,312 8,067 Valuation allowance for deferred tax assets4,159 1,029 — 5,188 Allowance for reinsurance recoverables400 59 — 459 Allowance for credit losses on fixed-maturity investments— 366 — 366 

See accompanying Report of Independent Registered Public Accounting Firm. 

113