Company: KNSL
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001669162-25-000058
Chunk: 111

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 8
Chunk 111
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ferred to as the return period). When managing our catastrophe exposure, we generally focus on the 100-year and the 250-year return periods. 

The following is a summary of our significant reinsurance programs as of September 30, 2025:

Line of Business CoveredCompany Policy LimitReinsurance CoverageCompany RetentionProperty (1)Up to $10.0 million per occurrence40% up to $443.0 million per catastrophe60% of property lossesProperty – catastrophe (2)N/A$250.0 million excess of $75.0 million$75.0 million per catastrophePrimary casualty (3)Up to $10.0 million per occurrence$8.0 million excess of $2.0 million$2.0 million per occurrenceExcess casualty (4)Up to $10.0 million per occurrenceVariable quota share$3.0 million per occurrence as described in note (4) below

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Table of Contents

(1)    Our property quota share reinsurance reduces the financial impact of property losses up to a loss recovery of $177.2 million for an event. This reinsurance is not applicable to any individual policy with a limit of $2.0 million or less.

(2)    Our property catastrophe reinsurance reduces the financial impact of a catastrophe event involving multiple claims and policyholders. Our property catastrophe reinsurance includes a reinstatement provision which requires us to pay reinstatement premiums after a loss has occurred in order to preserve coverage. Including the reinstatement of coverage, the maximum aggregate loss recovery limit is $500.0 million. This coverage applies after the coverage provided by the commercial property quota share treaty.

(3)    This reinsurance is not applicable to any individual policy with a per-occurrence limit of $2.0 million or less.

(4)    For excess casualty policies with a per-occurrence limit higher than $3.0 million, the ceding percentage varies such that the retention is always $3.0 million or less. For example, for a $5.0 million limit excess policy, our retention would be 60%, whereas for a $10.0 million limit excess policy, our retention would be 30%. For policies for which we also write an underlying primary limit, the combined retention on the primary and excess policies would not exceed $3.0 million. This reinsurance is not applicable to any individual policy with a per-occurrence limit of $3.0 million or less.

Reinsurance contracts do not