Company: KNSL
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001669162-25-000010
Chunk: 160

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 160
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72,773 129,731 129,731 Banks, trust and insurance companies47,994 58,777 58,777 Industrial, miscellaneous and all other165,017 183,418 183,418 Non-redeemable preferred stock27,938 26,433 26,433 Total equity securities313,722 398,359 398,359 Short-term investments3,714 3,714 3,714 Real estate investments (none acquired in satisfaction of debt)15,045 15,045 Total investments$3,995,512 $3,954,681 

See accompanying Report of Independent Registered Public Accounting Firm. 

107

Schedule II

KINSALE CAPITAL GROUP, INC. AND SUBSIDIARIESCondensed Financial Information of RegistrantBalance Sheets (Parent Company Only)December 31,20242023(in thousands)AssetsCash and cash equivalents$12,336 $17,082 Due from subsidiaries52,296 26,479 Investment in subsidiaries1,604,811 1,230,371 Deferred income tax asset, net2,527 1,673 Other assets664 410 Total assets$1,672,634 $1,276,015 Liabilities and Stockholders' EquityLiabilities:Accounts payable and accrued expenses$2,001 $2,042 Income taxes payable2,842 3,201 Debt184,122 183,846 Other liabilities108 94 Total liabilities189,073 189,183 Stockholders’ equity:Common stock233 232 Additional paid-in capital361,398 352,970 Retained earnings1,229,136 828,247 Accumulated other comprehensive loss(97,206)(94,617)Treasury stock, at cost(10,000)— Stockholders’ equity1,483,561 1,086,832 Total liabilities and stockholders’ equity$1,672,634 $1,276,015 See accompanying notes to condensed financial information.See accompanying Report of Independent Registered Public Accounting Firm. 

108

Schedule IIKINSALE CAPITAL GROUP, INC. AND SUBSIDIARIESCondensed Financial Information of RegistrantStatements of Income and Comprehensive Income (Parent Company Only)Years Ended December 31,202420232022(in thousands)Revenues:Management fees from subsidiaries$16,769 $11