Company: KNSL
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001669162-25-000058
Chunk: 89

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 8
Chunk 89
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$990,731 Fee income10,300 8,489 30,655 25,572 Net investment income49,604 39,644 139,896 108,424 Change in fair value of equity securities23,717 20,659 55,376 41,871 Net realized investment gains (losses)2,159 (8)2,832 6,737 Change in allowance for credit losses on investments4 4 (11)490 Other income (1)764 518 1,608 1,577 Total revenues497,505 418,058 1,390,716 1,175,402 Expenses:Losses and loss adjustment expenses – current year241,704 196,750 695,851 590,810 Losses and loss adjustment expenses – catastrophes1,216 13,615 27,499 17,613 Losses and loss adjustment expenses – prior year development(15,758)(10,125)(45,853)(28,072)Net commissions incurred45,275 33,742 120,682 98,686 Salaries, employee benefits and bonus expense33,350 27,585 95,046 78,274 Credit loss expense – premiums receivable2,341 2,596 7,242 12,938 Depreciation (2)1,080 1,123 3,309 2,986 Interest expense2,569 2,589 7,664 7,575 Other segment items (3)6,850 5,785 19,798 18,527 Income tax expense37,232 30,169 94,484 70,316 Segment net income141,646 114,229 364,994 305,749 Reconciliation of profit or loss:Adjustments and reconciling items— — — — Consolidated net income$141,646 $114,229 $364,994 $305,749 (1) Other income primarily includes income generated from the Company's real estate operations.(2) Excludes depreciation expense allocated to loss adjustment expenses and investment expenses.(3) Other segment items primarily includes other general and administrative expenses such as technology costs, facility expenses and audit and inspection costs.

16.     Contingencies

Contingencies arise in the normal conduct of the Company