Company: KNSL
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001669162-25-000010
Chunk: 116

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 116
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 within this independent range in the current year and comparing to its relative position in the prior year.

/s/ KPMG LLP

We have served as the Company’s auditor since 2009.

Richmond, Virginia

February 21, 2025

71

KINSALE CAPITAL GROUP, INC. AND SUBSIDIARIES

Consolidated Balance Sheets

December 31,20242023(in thousands, except share and per share data)AssetsFixed-maturity securities available-for-sale, at fair value (amortized cost: $3,663,031 allowance for credit loss: $27 – 2024; $2,834,463 and $553 – 2023)$3,537,563 $2,711,759 Equity securities, at fair value (cost: $313,722 – 2024; $193,543 – 2023)398,359 234,813 Real estate investments, net15,045 14,791 Short-term investments3,714 5,589 Total investments3,954,681 2,966,952 Cash and cash equivalents113,213 126,694 Investment income due and accrued27,366 21,689 Premiums and fees receivable, net of allowance for credit losses of $26,926 in 2024 and $13,383 in 2023140,027 143,212 Reinsurance recoverables, net of allowance for credit losses of $932 in 2024 and $744 in 2023337,891 247,836 Ceded unearned premiums52,736 52,516 Deferred policy acquisition costs, net of ceding commissions109,263 88,395 Indefinite-lived intangible assets3,538 3,538 Deferred income tax asset, net60,215 55,699 Other assets87,774 66,443 Total assets$4,886,704 $3,772,974 Liabilities and Stockholders' EquityReserves for unpaid losses and loss adjustment expenses$2,285,668 $1,692,875 Unearned premiums828,449 701,351 Payable to reinsurers43,959 47,582 Accounts payable and accrued expenses55,159 44,922 Debt184,122 183,846 Other liabilities5,786 15,566 Total liabilities3,403,143 2,686