Company: KNSL
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001669162-25-000010
Chunk: 131

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 131
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,911 (20,027)142,797 (20,248)Corporate and other securities246,355 (1,444)651,525 (53,311)897,880 (54,755)Asset-backed securities142,287 (872)217,401 (1,901)359,688 (2,773)Residential mortgage-backed securities26,158 (49)268,891 (48,481)295,049 (48,530)Commercial mortgage-backed securities8,775 (55)56,731 (5,361)65,506 (5,416)Total fixed-maturity investments$444,461 $(2,641)$1,331,943 $(129,887)$1,776,404 $(132,528)Contractual maturities of available-for-sale fixed-maturity securitiesThe amortized cost and estimated fair value of available-for-sale fixed-maturity securities at December 31, 2024 are summarized, by contractual maturity, as follows:AmortizedEstimatedCostFair Value(in thousands)Due in one year or less$415,494 $415,674 Due after one year through five years1,070,687 1,058,729 Due after five years through ten years513,549 496,044 Due after ten years222,001 180,395 Asset-backed securities729,658 732,742 Residential mortgage-backed securities502,121 448,874 Commercial mortgage-backed securities209,521 205,105 Total fixed maturities$3,663,031 $3,537,563 Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties, and the lenders may have the right to put the securities back to the borrower.

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Real estate investmentsReal estate investments represents directly owned property held for investment purposes and consisted of land with a carrying value of $15.0 million and $14.8 million at December 31, 2024 and 2023, respectively. There was no accumulated depreciation on real estate investments at December 31, 2024 and 2023.During the third quarter of 2023, the Company sold the parking deck, one of the office buildings and the related in-place leases of its real estate investment property for approximately $62.0 million in cash,