Company: KNSL
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001669162-25-000058
Chunk: 13

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 1
Chunk 13
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 balance$42 $67 $27 $553 Increase to allowance from securities for which credit losses were not previously recorded— — — — Reduction from securities sold during the period— — (14)(479)Net increase (decrease) from securities that had an allowance at the beginning of the period(4)(4)25 (11)Ending balance$38 $63 $38 $63 The following tables summarize gross unrealized losses and estimated fair value for available-for-sale investments by length of time that the securities have continuously been in an unrealized loss position:September 30, 2025Less than 12 Months12 Months or LongerTotalEstimated Fair ValueGross Unrealized LossesEstimated Fair ValueGross Unrealized LossesEstimated Fair ValueGross Unrealized Losses(in thousands)Fixed-maturity securities:U.S. Treasury securities and obligations of the U.S. government agencies$295 $(1)$6,812 $(175)$7,107 $(176)Obligations of states, municipalities and political subdivisions4,186 (74)115,920 (19,296)120,106 (19,370)Corporate and other securities41,212 (196)327,776 (29,856)368,988 (30,052)Asset-backed securities36,620 (103)10,578 (379)47,198 (482)Residential mortgage-backed securities288,867 (1,511)235,858 (40,658)524,725 (42,169)Commercial mortgage-backed securities57,144 (54)46,516 (2,454)103,660 (2,508)Total fixed-maturity securities$428,324 $(1,939)$743,460 $(92,818)$1,171,784 $(94,757)At September 30, 2025, the Company held 575 fixed-maturity securities in an unrealized loss position with a total estimated fair value of $1.2 billion and gross unrealized losses of $94.8 million. Of these securities, 522 were in a continuous unrealized loss position for greater than one year. As discussed above, the Company regularly reviews all fixed-maturity securities within its investment portfolio to determine whether a credit loss has occurred. Based on the Company's review as of September 30, 2025, except for securities