Company: KNSL
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0001669162-25-000027
Chunk: 66

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 8
Chunk 66
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 accounting vendor its process for reviewing and validating pricing obtained from third party pricing services and 3) reviewing the security pricing received from 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.The following tables present the balances of assets measured at fair value on a recurring basis as of March 31, 2025 and December 31, 2024, by level within the fair value hierarchy:March 31, 2025Level 1Level 2Level 3Total(in thousands)AssetsFixed-maturity securities:U.S. Treasury securities and obligations of U.S. government agencies$7,550 $— $— $7,550 Obligations of states, municipalities and political subdivisions— 144,360 — 144,360 Corporate and other securities— 2,087,105 — 2,087,105 Asset-backed securities— 742,725 — 742,725 Residential mortgage-backed securities— 510,019 — 510,019 Commercial mortgage-backed securities— 224,494 — 224,494 Total fixed-maturity securities7,550 3,708,703 — 3,716,253 Equity securities:Exchange traded funds123,342 — — 123,342 Non-redeemable preferred stock— 26,565 — 26,565 Common stocks283,170 — — 283,170 Total equity securities406,512 26,565 — 433,077 Short-term investments38,816 — — 38,816 Total$452,878 $3,735,268 $— $4,188,146 

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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 —