Company: KNSL
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001669162-25-000058
Chunk: 88

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 8
Chunk 88
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 arising during the period, before income taxes$27,170 $80,292 $78,884 $60,816 Income tax expense(5,706)(16,861)(16,566)(12,771)Unrealized gains arising during the period, net of income taxes21,464 63,431 62,318 48,045 Less reclassification adjustment:Net realized gains (losses) on fixed-maturity securities, before income taxes1,684 (46)1,723 (264)Income tax (expense) benefit (354)10 (362)56 Reclassification adjustment included in net income1,330 (36)1,361 (208)Change in allowance for credit losses on investments, before income taxes4 4 (11)490 Income tax benefit (expense) (1)(1)2 (103)Reclassification adjustment included in net income3 3 (9)387 Other comprehensive income$20,131 $63,464 $60,966 $47,866 The sale or credit loss of an available-for-sale fixed-maturity security results in amounts being reclassified from accumulated other comprehensive income (loss) to realized gains or losses in current period earnings. The related tax effect of the reclassification adjustment is recorded in income tax expense in current period earnings. See Note 2 for additional information.

15.      Segment information

The Company has one reportable segment, the Excess and Surplus Lines Insurance segment, which primarily offers commercial excess and surplus lines liability and property insurance products through its underwriting divisions in the United States. The Company reports operating and financial results in a single segment based on the Company's exclusive focus on property and casualty insurance in the excess and surplus lines market and the consolidated information used by the chief operating decision maker ("CODM") in evaluating the financial performance of its business and allocating resources.The Company's CODM is the Chief Executive Officer. The CODM uses consolidated net income to allocate resources primarily during the annual budgeting process and uses that measure to assess performance by considering budget-to-actual variances and evaluating financial results. The measure of segment assets is reported on the consolidated balance sheets as total assets. 

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Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(in thousands)Revenues:Net earned premiums$410,957 $348,752 $1,160,360