Company: KNSL
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001669162-25-000043
Chunk: 5

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Item 1
Chunk 5
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 expenses81,597 72,068 156,509 137,821 Interest expense2,557 2,564 5,095 4,986 Other expenses12 796 672 2,759 Total expenses301,525 268,753 612,611 525,677 Income before income taxes168,289 115,800 280,600 231,667 Total income tax expense 34,168 23,221 57,252 40,147 Net income134,121 92,579 223,348 191,520 Other comprehensive income (loss):Change in net unrealized losses on available-for-sale investments, net of taxes14,453 (5,658)40,835 (15,598)Total comprehensive income$148,574 $86,921 $264,183 $175,922 

Earnings per share:Basic$5.79 $4.00 $9.64 $8.28 Diluted$5.76 $3.97 $9.59 $8.21 Weighted-average shares outstanding:Basic23,175 23,165 23,172 23,137 Diluted23,291 23,329 23,301 23,332 

See accompanying notes to condensed consolidated financial statements.

5

Table of Contents

KINSALE CAPITAL GROUP, INC. AND SUBSIDIARIES

Consolidated Statements of Changes in Stockholders' Equity (Unaudited)

Shares of Common StockCommon StockAdditional Paid-in CapitalRetained EarningsAccumu-lated Other Compre-hensive LossTreasury Stock, at CostTotal Stock-holders' Equity(in thousands, except share and per share data)Balance at December 31, 202423,272,157 $233 $361,398 $1,229,136 $(97,206)$(10,000)$1,483,561 Issuance of common stock under stock-based compensation plan73,276 1 234 — — — 235 Stock-based compensation expense— — 3,770 — — — 3,770 Restricted shares withheld for taxes(14,467)— (6,248)— — — (6,248)Dividends declared ($0.17 per share)— — — (3,