Company: KNSL
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001669162-25-000058
Chunk: 5

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 1
Chunk 5
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227,162 200,240 677,497 580,351 Underwriting, acquisition and insurance expenses88,423 70,139 244,932 207,960 Interest expense2,569 2,589 7,664 7,575 Other expenses473 692 1,145 3,451 Total expenses318,627 273,660 931,238 799,337 Income before income taxes178,878 144,398 459,478 376,065 Total income tax expense 37,232 30,169 94,484 70,316 Net income141,646 114,229 364,994 305,749 Other comprehensive income (loss):Change in net unrealized losses on available-for-sale investments, net of taxes20,131 63,464 60,966 47,866 Total comprehensive income$161,777 $177,693 $425,960 $353,615 

Earnings per share:Basic$6.12 $4.93 $15.75 $13.21 Diluted$6.09 $4.90 $15.67 $13.10 Weighted-average shares outstanding:Basic23,159 23,175 23,168 23,150 Diluted23,271 23,335 23,292 23,333 

See accompanying notes to condensed consolidated financial statements.

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Table of Contents

KINSALE CAPITAL GROUP, INC. AND SUBSIDIARIES

Consolidated Statements of Changes in Stockholders' Equity (Unaudited)

Shares of Common StockCommon StockAdditional Paid-in CapitalRetained EarningsAccumu-lated Other Compre-hensive LossTreasury Stock, at CostTotal Stock-holders' Equity(in thousands, except share and per share data)Balance at December 31, 202423,272,157 $233 $361,398 $1,229,136 $(97,206)$(10,000)$1,483,561 Issuance of common stock under stock-based compensation plan73,276 1 234 — — — 235 Stock-based compensation expense— — 3,770 — — — 3,770 Restricted shares withheld for taxes(14,467)— (6,248)— — — (6