Company: KNSL
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001669162-25-000058
Chunk: 3

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 1
Chunk 3
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Table of Contents

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

 KINSALE CAPITAL GROUP, INC. AND SUBSIDIARIES

Consolidated Balance Sheets (Unaudited)September 30,December 31,20252024(in thousands, except share and per share data)AssetsInvestments:Fixed-maturity securities, available for sale, at fair value (amortized cost: $4,219,545, allowance for credit losses: $38 – 2025; $3,663,031 and $27 – 2024)$4,171,238 $3,537,563 Equity securities, at fair value (cost: $431,110 – 2025; $313,722 – 2024)571,123 398,359 Real estate investments, net15,045 15,045 Short-term investments10,932 3,714 Total investments4,768,338 3,954,681 Cash and cash equivalents170,162 113,213 Investment income due and accrued30,619 27,366 Premiums and fees receivable, net of allowance for credit losses of $25,388 – 2025; $26,926 – 2024124,061 140,027 Reinsurance recoverables, net of allowance for credit losses of $1,086 – 2025; $932 – 2024391,164 337,891 Ceded unearned premiums48,774 52,736 Deferred policy acquisition costs, net of ceding commissions124,416 109,263 Intangible assets3,538 3,538 Deferred income tax asset, net36,735 60,215 Other assets135,498 87,774 Total assets$5,833,305 $4,886,704 Liabilities and Stockholders' EquityLiabilities:Reserves for unpaid losses and loss adjustment expenses$2,765,187 $2,285,668 Unearned premiums909,592 828,449 Payable to reinsurers34,766 43,959 Accounts payable and accrued expenses50,855 55,159 Debt199,328 184,122 Other liabilities8,360 5,786 Total liabilities3,968,088 3,403,143 Stockholders’ equity:Common stock, $0.01 par value, 400,