Company: KNSL
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001669162-25-000058
Chunk: 18

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 1
Chunk 18
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 the Company's investment accounting vendor and monitoring changes in unrealized gains and losses at the individual security level. The Company has evaluated the various types of securities in its investment portfolio to determine an appropriate fair value hierarchy level based upon trading activity and the observability of market inputs.

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The following tables present the balances of assets measured at fair value on a recurring basis as of September 30, 2025 and December 31, 2024, by level within the fair value hierarchy:September 30, 2025Level 1Level 2Level 3Total(in thousands)AssetsFixed-maturity securities:U.S. Treasury securities and obligations of U.S. government agencies$7,683 $— $— $7,683 Obligations of states, municipalities and political subdivisions— 130,959 — 130,959 Corporate and other securities— 1,934,872 — 1,934,872 Asset-backed securities— 708,404 — 708,404 Residential mortgage-backed securities— 998,689 — 998,689 Commercial mortgage-backed securities— 390,631 — 390,631 Total fixed-maturity securities7,683 4,163,555 — 4,171,238 Equity securities:Exchange-traded funds161,442 — — 161,442 Non-redeemable preferred stock— 24,022 — 24,022 Common stocks385,659 — — 385,659 Total equity securities547,101 24,022 — 571,123 Short-term investments10,932 — — 10,932 Total$565,716 $4,187,577 $— $4,753,293 

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December 31, 2024Level 1Level 2Level 3Total(in thousands)AssetsFixed-maturity securities:U.S. Treasury securities and obligations of U.S. government agencies$15,048 $— $— $15,048 Obligations of states, municipalities and political subdivisions— 146,304 — 146,304 Corporate and other securities— 1,989,490 — 1,989,490 Asset-backed securities— 732,742 — 732,742 Residential mortgage-backed securities— 448,874 —