Company: KNSL
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001669162-25-000058
Chunk: 8

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 1
Chunk 8
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30, 202423,286,248 233 354,389 1,012,796 (110,215)— 1,257,203 Issuance of common stock under stock-based compensation plan1,897 — 51 — — — 51 Stock-based compensation expense— — 3,495 — — — 3,495 Dividends declared ($0.15 per share)— — — (3,493)— — (3,493)Other comprehensive income, net of tax— — — — 63,464 — 63,464 Net income— — — 114,229 — — 114,229 Balance at September 30, 202423,288,145 $233 $357,935 $1,123,532 $(46,751)$— $1,434,949 

See accompanying notes to condensed consolidated financial statements.

7

Table of Contents

KINSALE CAPITAL GROUP, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows (Unaudited)

Nine Months Ended September 30,20252024(in thousands)Operating activities:Net cash provided by operating activities$802,344 $763,324 Investing activities:Purchase of property and equipment(43,083)(13,157)Purchase of real estate investment— (312)Change in short-term investments, net(6,515)5,730 Purchases – fixed-maturity securities(1,768,360)(1,265,072)Purchases – equity securities(131,419)(115,099)Sales – fixed-maturity securities677,634 274,168 Sales – equity securities14,585 34,230 Maturities and calls – fixed-maturity securities554,307 317,412 Net cash used in investing activities(702,851)(762,100)Financing activities:Proceeds from borrowing under credit facility15,000 — Payroll taxes withheld and remitted on share-based payments(6,282)(6,965)Proceeds from stock options exercised606 1,203 Dividends paid(11,869)(10,465)Treasury stock acquired – share repurchases(39,999)— Net cash used in financing activities(42,544)(16,227)Net change in cash and cash