Company: KNSL
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001669162-25-000058
Chunk: 11

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 1
Chunk 11
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. government agencies$7,846 $13 $(176)$— $7,683 Obligations of states, municipalities and political subdivisions150,200 132 (19,370)(3)130,959 Corporate and other securities1,934,696 30,263 (30,052)(35)1,934,872 Asset-backed securities700,855 8,031 (482)— 708,404 Residential mortgage-backed securities1,036,483 4,375 (42,169)— 998,689 Commercial mortgage-backed securities389,465 3,674 (2,508)— 390,631 Total fixed-maturity securities$4,219,545 $46,488 $(94,757)$(38)$4,171,238 

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Table of Contents

December 31, 2024Amortized CostGross Unrealized GainsGross Unrealized LossesAllowance for Credit LossesEstimated Fair Value(in thousands)Fixed-maturity securities:U.S. Treasury securities and obligations of U.S. government agencies$15,465 $— $(417)$— $15,048 Obligations of states, municipalities and political subdivisions168,894 46 (22,633)(3)146,304 Corporate and other securities2,037,372 5,779 (53,638)(23)1,989,490 Asset-backed securities729,658 4,606 (1,522)— 732,742 Residential mortgage-backed securities502,121 747 (53,994)— 448,874 Commercial mortgage-backed securities209,521 423 (4,838)(1)205,105 Total fixed-maturity securities$3,663,031 $11,601 $(137,042)$(27)$3,537,563 Available-for-sale securities in a loss positionThe Company regularly reviews all its available-for-sale investments with unrealized losses to assess whether the decline in the fair value is deemed to be a credit loss. The Company considers a number of factors in completing its review of credit losses, including the extent to which a security's fair value has been below cost and the financial condition of an issuer. In addition to specific issuer information, the Company also evaluates the current market and interest rate environment. Generally, a decline in a security’s value caused by a change in the market or