Company: KNSL
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001669162-25-000010
Chunk: 119

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 119
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, 202223,090,526 231 347,015 533,121 (134,918)— 745,449 Issuance of common stock under stock-based compensation plan104,949 1 876 — — — 877 Stock-based compensation expense— — 9,361 — — — 9,361 Restricted shares withheld for taxes(13,556)— (4,282)— — — (4,282)Dividends declared ($0.56 per share)— — — (12,967)— — (12,967)Other comprehensive income, net of income taxes— — — — 40,301 — 40,301 Net income— — — 308,093 — — 308,093 Balance at December 31, 202323,181,919 232 352,970 828,247 (94,617)— 1,086,832 Issuance of common stock under stock-based compensation plan127,265 1 1,329 — — — 1,330 Stock-based compensation expense— — 14,146 — — — 14,146 Restricted shares withheld for taxes (14,401)— (7,047)— — — (7,047)Dividends declared ($0.60 per share)— — — (13,954)— — (13,954)Other comprehensive loss, net of income taxes— — — — (2,589)— (2,589)Net income— — — 414,843 — — 414,843 Treasury stock acquired — share repurchases(22,626)— — — — (10,000)(10,000)Balance at December 31, 202423,272,157 $233 $361,398 $1,229,136 $(97,206)$(10,000)$1,483,561 

See accompanying notes to consolidated financial statements.

74

KINSALE CAPITAL GROUP, INC. AND SUBSIDIARIES

Consolidated Statements of Cash Flows

Year Ended December 31,202420232022(in thousands)Operating activities:Net income$414,843 $308,093 $159,114