Company: KNSL
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001669162-25-000010
Chunk: 111

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 111
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Table of Contents

Item 8. Financial Statements and Supplementary Data

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

PageAudited Consolidated Financial StatementsManagement's Report on Internal Control Over Financial Reporting68Reports of Independent Registered Public Accounting Firm 68Consolidated Balance Sheets as of December 31, 2024 and 202372Consolidated Statements of Income and Comprehensive Income for the Years Ended December 31, 2024, 2023 and 202273Consolidated Statements of Changes in Stockholders' Equity for the Years Ended December 31, 2024, 2023 and 202274Consolidated Statements of Cash Flows for the Years Ended December 31, 2024, 2023 and 202275Notes to Consolidated Financial Statements76Schedule I - Summary of Investments - Other than Investments in Related Parties107Schedule II - Condensed Financial Information of Registrant - Parent Company Only108Schedule V - Valuation and Qualifying Accounts113

Schedules other than those listed are omitted for the reason that they are not required, are not applicable or that equivalent information has been included in the financial statements or notes thereto or elsewhere herein.

67

Table of Contents

Management's Report on Internal Control Over Financial Reporting:

Management is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Rule 13a-15(f) under the Securities Exchange Act of 1934. Our internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.

Management does not expect that its internal control over financial reporting will prevent all errors and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Internal control over financial reporting is a process that involves human diligence and compliance and is subject to lapses in judgment and breakdowns resulting from human failures. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected. The design of any system of internal control over financial reporting also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

Management evaluated the effectiveness of our internal control over financial reporting as of December 31, 2024, based