Company: KNSL
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001669162-25-000058
Chunk: 50

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 1
Chunk 50
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)(16,227)Change in cash and cash equivalents$56,949 $(15,003)

Net cash provided by operating activities was approximately $802.3 million for the nine months ended September 30, 2025 compared to $763.3 million for the same period in 2024. This increase was largely driven by higher premium volume and the timing of claim payments and reinsurance recoveries.

Net cash used in investing activities was $702.9 million for the nine months ended September 30, 2025 compared to $762.1 million for the nine months ended September 30, 2024. Net cash used in investing activities during the first nine months of 2025 included purchases of fixed-maturity securities of $1.8 billion, which included primarily asset- and mortgage-backed securities and corporate bonds. During the first nine months of 2025, we received proceeds of $677.6 million from sales of fixed-maturity securities, largely corporate bonds, asset-backed securities and, to a lesser extent, municipal securities and $554.3 million primarily from redemptions and maturities of asset- and mortgage-backed securities and corporate bonds. For the nine months ended September 30, 2025, purchases of equity securities of $131.4 million consisted of common stocks and ETFs. During the first nine months of 2025, we received proceeds of $14.6 million primarily from sales of common stocks. In addition, net purchases of short-term investments of $6.5 million consisted of U.S. Treasuries. 

Net cash used in investing activities of $762.1 million during the nine months of 2024 included purchases of fixed-maturity securities of $1.3 billion, which included primarily corporate bonds, asset- and mortgage-backed securities, and to a lesser extent, U.S. Treasuries and municipal securities. During the first nine months of 2024, we received proceeds of $274.2 million from sales of fixed-maturity securities, largely corporate bonds, mortgage- and asset-backed securities, municipal securities, U.S. Treasuries and government agency bonds and $317.4 million from redemptions and maturities of asset- and mortgage-backed securities and corporate bonds. For the nine months 

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ended September 30, 2024, purchases of equity securities of $115.1 million consisted of common stocks and ETFs. During the first nine months of 2024, we received proceeds of $