Company: KNSL
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001669162-25-000043
Chunk: 7

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Item 1
Chunk 7
---
Net income— — — 98,941 — — 98,941 Balance at March 31, 202423,275,915 233 351,584 923,709 (104,557)— 1,170,969 Issuance of common stock under stock-based compensation plan13,249 — 219 — — — 219 Stock-based compensation expense— — 3,709 — — — 3,709 Restricted shares withheld for taxes (2,916)— (1,123)— — — (1,123)Dividends declared ($0.15 per share)— — — (3,492)— — (3,492)Other comprehensive loss, net of tax— — — — (5,658)— (5,658)Net income— — — 92,579 — — 92,579 Balance at June 30, 202423,286,248 $233 $354,389 $1,012,796 $(110,215)$— $1,257,203 

See accompanying notes to condensed consolidated financial statements.

6

Table of Contents

KINSALE CAPITAL GROUP, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows (Unaudited)

Six Months Ended June 30,20252024(in thousands)Operating activities:Net cash provided by operating activities$498,870 $489,293 Investing activities:Purchase of property and equipment(29,152)(7,329)Purchase of real estate investment— (312)Change in short-term investments, net(30,000)(1,233)Purchases – fixed-maturity securities(939,534)(759,799)Purchases – equity securities(94,894)(84,229)Sales – fixed-maturity securities282,740 189,284 Sales – equity securities11,585 30,880 Maturities and calls – fixed-maturity securities359,007 200,573 Net cash used in investing activities(440,248)(432,165)Financing activities:Payroll taxes withheld and remitted on share-based payments(6,282)(6,965)Proceeds from stock options exercised479 1,152 Dividends paid(7,932)(6,988)Treasury stock