Company: KNSL
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001669162-25-000058
Chunk: 79

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 8
Chunk 79
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 September 30,2025202420252024(in thousands)Beginning balance$26,906 $21,226 $26,926 $13,383 Current period change for estimated uncollectible premiums2,341 2,596 7,242 12,938 Write-offs of uncollectible premiums receivable(3,859)(598)(8,780)(3,097)Ending balance$25,388 $23,224 $25,388 $23,224 

5.     Deferred Policy Acquisition Costs

The following table presents the amounts of policy acquisition costs deferred and amortized for the three and nine months ended September 30, 2025 and 2024:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(in thousands)Balance, beginning of period$124,070 $109,358 $109,263 $88,395 Policy acquisition costs deferred:Direct commissions71,844 65,773 225,292 209,146 Ceding commissions(26,244)(31,207)(90,367)(89,522)Other underwriting and policy acquisition costs3,979 3,765 12,089 10,418 Policy acquisition costs deferred49,579 38,331 147,014 130,042 Amortization of net policy acquisition costs(49,233)(37,099)(131,861)(107,847)Balance, end of period$124,416 $110,590 $124,416 $110,590 Amortization of net policy acquisition costs is included in the line item "underwriting, acquisition and insurance expenses" in the accompanying consolidated statements of income and comprehensive income.

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6.     Property and Equipment, Net

Property and equipment are included in "other assets" in the accompanying consolidated balance sheets and consist of the following:September 30, 2025December 31, 2024(in thousands)Building$37,190 $37,190 Parking deck5,072 5,072 Land3,068 3,068 Equipment4,684 4,401 Software25,414 20,203 Furniture and fixtures6,395 3,200 Land improvements474 474 Leasehold improvements153 153 Construction in progress 62,179 26,530 Property and