Company: KNSL
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001669162-25-000043
Chunk: 3

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Item 1
Chunk 3
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Table of Contents

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

 KINSALE CAPITAL GROUP, INC. AND SUBSIDIARIES

Consolidated Balance Sheets (Unaudited)June 30,2025December 31,2024(in thousands, except share and per share data)AssetsInvestments:Fixed-maturity securities, available for sale, at fair value (amortized cost: $3,991,871, allowance for credit losses: $42 – 2025; $3,663,031 and $27 – 2024)$3,918,078 $3,537,563 Equity securities, at fair value (cost: $397,586 – 2025; $313,722 – 2024)513,882 398,359 Real estate investments, net15,045 15,045 Short-term investments34,310 3,714 Total investments4,481,315 3,954,681 Cash and cash equivalents138,101 113,213 Investment income due and accrued30,936 27,366 Premiums and fees receivable, net of allowance for credit losses of $26,906 – 2025; $26,926 – 2024168,366 140,027 Reinsurance recoverables, net of allowance for credit losses of $994 – 2025; $932 – 2024387,279 337,891 Ceded unearned premiums54,421 52,736 Deferred policy acquisition costs, net of ceding commissions124,070 109,263 Intangible assets3,538 3,538 Deferred income tax asset, net45,097 60,215 Other assets123,403 87,774 Total assets$5,556,526 $4,886,704 Liabilities and Stockholders' EquityLiabilities:Reserves for unpaid losses and loss adjustment expenses$2,623,653 $2,285,668 Unearned premiums921,136 828,449 Payable to reinsurers41,620 43,959 Accounts payable and accrued expenses38,232 55,159 Debt184,260 184,122 Other liabilities25,052 5,786 Total liabilities3,833,953 3,403,143 Stockholders’ equity:Common stock, $0.01 par value, 400,000