Company: KNSL
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001669162-25-000058
Chunk: 72

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 8
Chunk 72
---
) from securities that had an allowance at the beginning of the period(4)(4)25 (11)Ending balance$38 $63 $38 $63 The following tables summarize gross unrealized losses and estimated fair value for available-for-sale investments by length of time that the securities have continuously been in an unrealized loss position:September 30, 2025Less than 12 Months12 Months or LongerTotalEstimated Fair ValueGross Unrealized LossesEstimated Fair ValueGross Unrealized LossesEstimated Fair ValueGross Unrealized Losses(in thousands)Fixed-maturity securities:U.S. Treasury securities and obligations of the U.S. government agencies$295 $(1)$6,812 $(175)$7,107 $(176)Obligations of states, municipalities and political subdivisions4,186 (74)115,920 (19,296)120,106 (19,370)Corporate and other securities41,212 (196)327,776 (29,856)368,988 (30,052)Asset-backed securities36,620 (103)10,578 (379)47,198 (482)Residential mortgage-backed securities288,867 (1,511)235,858 (40,658)524,725 (42,169)Commercial mortgage-backed securities57,144 (54)46,516 (2,454)103,660 (2,508)Total fixed-maturity securities$428,324 $(1,939)$743,460 $(92,818)$1,171,784 $(94,757)At September 30, 2025, the Company held 575 fixed-maturity securities in an unrealized loss position with a total estimated fair value of $1.2 billion and gross unrealized losses of $94.8 million. Of these securities, 522 were in a continuous unrealized loss position for greater than one year. As discussed above, the Company regularly reviews all fixed-maturity securities within its investment portfolio to determine whether a credit loss has occurred. Based on the Company's review as of September 30, 2025, except for securities previously discussed, unrealized losses were caused by interest rate changes or other market factors and were not credit-specific issues. At September 30, 2025, 80.7% of the Company’s fixed-maturity securities were rated "A-" or better and all of the