Company: KNSL
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001669162-25-000010
Chunk: 1

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1
Chunk 1
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.2 21.8 201824.1 (4.4)201983.7 31.5 202097.3 18.4 202119.2 28.7 202210.2 (18.1)202328.3 26.3 202439.1 25.0 Compounded Annual Gain ─ 2016-2024 49.7 %14.6 %Overall Gain ─ 2016-20242,893.5 %214.3 %

(1) Data for 2016 begins with Kinsale's initial public offering date of July 28, 2016 and assumes reinvestment of dividends.

(2) Returns are calculated from the initial public offering price of $16.00 per share.

1

Table of Contents

Our Products

We write a broad array of insurance coverages for risks that are unusual or hard to place in the standard insurance market. Typical E&S risks include newly established companies or industries, high-risk operations, insureds in litigious venues or companies with poor loss histories. We target classes of business where our underwriters have extensive experience allowing us to compete effectively and earn attractive returns. Our underwriters specialize in individual lines of business which allows them to develop in-depth knowledge and experience of the risks they underwrite. Our core client focus is small- to medium-sized accounts, which we believe are subject to less competition and have better pricing. The average premium per policy written by us in 2024 was $15,100. Excluding our personal insurance division, which has a relatively low premium per policy written, the average premium per policy written was $15,900 in 2024. We believe that our strategy, experience and expertise allow us to compete effectively in the E&S market and will enable us to generate attractive long-term stockholder value.

In 2024, the percentage breakdown of our gross written premiums was 67.4% casualty and 32.6% property. Our commercial lines offerings and homeowner's coverage in the personal lines market represented 97.4% and 2.6% of our gross written premiums, respectively.

The following table provides a summary of gross premiums written by division for the years ended December 31, 2024, 2023 and 2022.

Year Ended December 31,202420232022($ in thousands)Commercial:Commercial Property$456,170 24.4 %$411,956