Company: KNSL
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001669162-25-000043
Chunk: 143

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Item 2
Chunk 143
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 Fair Value% of Total Fair Value($ in thousands)Fixed-maturity securities: U.S. Treasury securities and obligations of U.S. government agencies$7,839 $7,610 0.2 %$15,465 $15,048 0.4 %Obligations of states, municipalities and political subdivisions158,963 137,580 3.5 %168,894 146,304 4.1 %Corporate and other securities2,114,850 2,100,034 53.6 %2,037,372 1,989,490 56.3 %Asset-backed securities777,402 783,907 20.0 %729,658 732,742 20.7 %Residential mortgage-backed securities607,220 563,791 14.4 %502,121 448,874 12.7 %Commercial mortgage-backed securities325,597 325,156 8.3 %209,521 205,105 5.8 %Total fixed-maturity securities$3,991,871 $3,918,078 100.0 %$3,663,031 $3,537,563 100.0 %

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Table of Contents

The table below summarizes the credit quality of our fixed-maturity securities at June 30, 2025 and December 31, 2024, as rated by Standard & Poor’s Financial Services, LLC ("Standard & Poor's"):

June 30, 2025December 31, 2024Standard & Poor’s or Equivalent DesignationEstimated Fair Value% of TotalEstimated Fair Value% of Total($ in thousands)AAA$1,293,859 33.0 %$1,034,025 29.2 %AA644,483 16.4 %620,550 17.5 %A1,168,777 29.8 %1,166,923 33.0 %BBB746,078 19.1 %652,631 18.5 %Below BBB and unrated64,881 1.7 %63,434 1.8 %Total$3,918,078 100.0 %$3,537,563 100.0 %

The amortized cost and estimated fair value of our fixed-maturity securities summarized by contractual maturity as