Company: KNSL
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001669162-25-000043
Chunk: 9

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Item 1
Chunk 9
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 disclosure of the title and position of the individual identified as the CODM and an explanation of how the CODM uses the reported measures of a segment's profit or loss in assessing segment performance and deciding how to allocate resources. Additionally, ASU 2023-07 requires all segment profit or loss and assets disclosures to be provided on an annual and interim basis. ASU 2023-07 became effective for the Company for the year ended December 31, 2024 and is effective for interim periods within 2025. Refer to Note 15 for the Company's segment reporting disclosures. 

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Table of Contents

Prospective accounting pronouncementsASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation DisclosuresIn November 2024, the FASB issued ASU 2024-03, "Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses," requiring public entities to disclose additional information about specific expense categories in the notes to the financial statements on an interim and annual basis. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, and for interim periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the effect the guidance will have on its disclosures.

2.     Investments

Available-for-sale investmentsThe following tables summarize the available-for-sale investments at June 30, 2025 and December 31, 2024:June 30, 2025Amortized CostGross Unrealized GainsGross Unrealized LossesAllowance for Credit LossesEstimated Fair Value(in thousands)Fixed-maturity securities:U.S. Treasury securities and obligations of U.S. government agencies$7,839 $12 $(241)$— $7,610 Obligations of states, municipalities and political subdivisions158,963 190 (21,570)(3)137,580 Corporate and other securities2,114,850 21,041 (35,818)(39)2,100,034 Asset-backed securities777,402 7,113 (608)— 783,907 Residential mortgage-backed securities607,220 2,461 (45,890)— 563,791 Commercial mortgage-backed securities325,597 2,574 (3,015)— 325,156 Total fixed