Company: KNSL
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001669162-25-000058
Chunk: 114

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 8
Chunk 114
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 146,304 4.1 %Corporate and other securities1,934,696 1,934,872 46.4 %2,037,372 1,989,490 56.3 %Asset-backed securities700,855 708,404 17.0 %729,658 732,742 20.7 %Residential mortgage-backed securities1,036,483 998,689 23.9 %502,121 448,874 12.7 %Commercial mortgage-backed securities389,465 390,631 9.4 %209,521 205,105 5.8 %Total fixed-maturity securities$4,219,545 $4,171,238 100.0 %$3,663,031 $3,537,563 100.0 %

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Table of Contents

The table below summarizes the credit quality of our fixed-maturity securities at September 30, 2025 and December 31, 2024, as rated by Standard & Poor’s Financial Services, LLC ("Standard & Poor's"):

September 30, 2025December 31, 2024Standard & Poor’s or Equivalent DesignationEstimated Fair Value% of TotalEstimated Fair Value% of Total($ in thousands)AAA$1,273,160 30.5 %$1,034,025 29.2 %AA1,068,581 25.6 %620,550 17.5 %A1,026,204 24.6 %1,166,923 33.0 %BBB743,471 17.8 %652,631 18.5 %Below BBB and unrated59,822 1.5 %63,434 1.8 %Total$4,171,238 100.0 %$3,537,563 100.0 %

The amortized cost and estimated fair value of our fixed-maturity securities summarized by contractual maturity as of September 30, 2025 and December 31, 2024, were as follows:

September 30, 2025December 31, 2024Amortized CostEstimated Fair Value% of Total Fair ValueAmortized CostEstimated Fair Value% of Total Fair Value($ in thousands)Due in one year or less$72,658 $72,117 1.7