Company: KNSL
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0001669162-25-000027
Chunk: 5

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 1
Chunk 5
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,000 shares authorized, 23,353,592 and 23,307,618 shares issued and outstanding at March 31, 2025; 23,294,783 and 23,272,157 shares issued and outstanding at December 31, 2024234 233 Additional paid-in capital359,154 361,398 Retained earnings1,314,410 1,229,136 Accumulated other comprehensive loss(70,824)(97,206)Treasury stock, at cost (45,974 shares – 2025, 22,626 – 2024)(19,999)(10,000)Total stockholders’ equity1,582,975 1,483,561 Total liabilities and stockholders’ equity$5,214,999 $4,886,704 

See accompanying notes to condensed consolidated financial statements.

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Table of Contents

KINSALE CAPITAL GROUP, INC. AND SUBSIDIARIES

Consolidated Statements of Income and Comprehensive Income (Unaudited)

Three Months Ended March 31,20252024(in thousands, except per share data)Revenues:Gross written premiums$484,275 $448,644 Ceded written premiums(102,570)(97,590)Net written premiums381,705 351,054 Change in unearned premiums(15,915)(41,536)Net earned premiums365,790 309,518 Fee income9,559 8,092 Net investment income43,819 32,933 Change in the fair value of equity securities3,038 18,053 Net realized investment gains537 3,866 Change in allowance for credit losses on investments(20)10 Other income674 319 Total revenues423,397 372,791 Expenses:Losses and loss adjustment expenses232,976 186,786 Underwriting, acquisition and insurance expenses74,912 65,753 Interest expense2,538 2,422 Other expenses660 1,963 Total expenses311,086 256,924 Income before income taxes112,311 115,867 Total income tax expense 23,084 16,926 Net income89,227 98,941 Other comprehensive income (loss):Change in net unrealized losses on available-for-sale investments, net of taxes26,382 (9,940)Total comprehensive income$115,609