Company: KNSL
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001669162-25-000043
Chunk: 71

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Item 8
Chunk 71
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53,638)Asset-backed securities121,371 (943)24,656 (579)146,027 (1,522)Residential mortgage-backed securities144,955 (1,934)237,514 (52,060)382,469 (53,994)Commercial mortgage-backed securities92,024 (960)53,812 (3,878)145,836 (4,838)Total fixed-maturity securities$1,053,882 $(13,406)$938,410 $(123,636)$1,992,292 $(137,042)Contractual maturities of available-for-sale fixed-maturity securitiesThe amortized cost and estimated fair value of available-for-sale fixed-maturity securities at June 30, 2025 are summarized, by contractual maturity, as follows:June 30, 2025AmortizedEstimatedCostFair Value(in thousands)Due in one year or less$293,096 $292,850 Due after one year through five years1,193,332 1,198,056 Due after five years through ten years575,575 573,679 Due after ten years219,649 180,639 Asset-backed securities777,402 783,907 Residential mortgage-backed securities607,220 563,791 Commercial mortgage-backed securities325,597 325,156 Total fixed-maturity securities $3,991,871 $3,918,078 Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties, and the lenders may have the right to put the securities back to the borrower.

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Real estate investmentsReal estate investments represents directly owned property held for investment purposes and consisted of land with a carrying value of $15.0 million at June 30, 2025 and December 31, 2024, respectively. There was no accumulated depreciation on real estate investments at June 30, 2025 and December 31, 2024.Net investment incomeThe following table presents the components of net investment income for the three and six months ended June 30, 2025 and 2024:Three Months Ended June 30,Six Months Ended June 30,2025202420252024(in thousands)Interest:Taxable bonds$43,497 $34,471 $84,979 $