Company: KNSL
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001669162-25-000043
Chunk: 14

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Item 1
Chunk 14
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 2025 and December 31, 2024.Net investment incomeThe following table presents the components of net investment income for the three and six months ended June 30, 2025 and 2024:Three Months Ended June 30,Six Months Ended June 30,2025202420252024(in thousands)Interest:Taxable bonds$43,497 $34,471 $84,979 $65,862 Tax exempt municipal bonds355 395 711 834 Cash equivalents and short-term investments1,896 568 3,026 1,111 Dividends on equity securities2,011 1,461 3,964 2,837 Real estate investment income— — — 153 Gross investment income47,759 36,895 92,680 70,797 Investment expenses(1,286)(1,048)(2,388)(2,017)Net investment income$46,473 $35,847 $90,292 $68,780 There was no depreciation expense related to real estate investments for the three and six months ended June 30, 2025 or June 30, 2024 as the Company sold the related assets during 2023.

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Realized investment gains and lossesThe following table presents realized investment gains and losses for the three and six months ended June 30, 2025 and 2024:Three Months Ended June 30,Six Months Ended June 30,2025202420252024(in thousands)Fixed-maturity securities:Realized gains$532 $846 $1,305 $941 Realized losses(396)(933)(1,187)(1,039)Net realized gains (losses) from fixed-maturity securities136 (87)118 (98)Equity securities:Realized gains— 3,390 2,465 7,271 Realized losses— (424)(1,910)(424)Net realized gains from equity securities— 2,966 555 6,847 Realized gains from the sales of short-term investments— 1 — 1 Realized losses on sale of real estate investments— (1)— (5)Net realized investment gains$136 $2,879 $673 $6,745 The net realized gains or losses on sales of equity securities represent the total gains or