Company: KNSL
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001669162-25-000010
Chunk: 120

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 120
---
 Adjustments to reconcile net income to net cash provided by operating activities:Change in fair value of equity securities(43,367)(15,277)27,723 Net realized investment gains(6,831)(6,040)(1,191)Change in allowance for credit losses on investments(526)187 366 Deferred tax benefit(3,828)(9,429)(14,191)Depreciation and amortization5,802 3,274 2,721 Stock compensation expense14,146 9,361 6,678 Change in operating assets and liabilities:Investment income due and accrued(5,677)(7,238)(6,793)Premiums receivable, net3,185 (37,458)(34,750)Reserves for unpaid loss and loss adjustment expenses592,793 454,473 357,058 Unearned premiums127,098 201,674 151,947 Reinsurance balances, net(93,898)(21,405)(90,828)Deferred policy acquisition costs(20,868)(26,801)(19,626)Income taxes payable (recoverable)(359)742 7,518 Accounts payable and accrued expenses8,936 12,519 8,111 Other(15,148)(6,840)3,958 Net cash provided by operating activities976,301 859,835 557,815 Investing activities:Purchase of property and equipment(23,943)(6,607)(6,901)Purchase of real estate investment(312)(2,116)(76,623)Sale of real estate investment— 62,036 — Change in short-term investments, net2,056 36,706 (40,638)Purchases – fixed-maturity securities(1,557,541)(1,317,048)(751,402)Purchases – equity securities(156,477)(86,605)(11,506)Sales – fixed-maturity securities289,360 245,618 63,092 Sales – equity securities34,380 30,623 4,990 Maturities and calls – fixed-maturity securities452,352 176,501 110,415 Net cash used in investing activities(960,125)(860,892)(708,573)Financing activities:Proceeds from issuance of common stock, net of issuance costs— — 47,498 Proceeds from borrow