Company: KNSL
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001669162-25-000010
Chunk: 130

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 130
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igations of states, municipalities and political subdivisions27,049 (417)114,620 (22,216)141,669 (22,633)Corporate and other securities667,645 (9,139)493,598 (44,499)1,161,243 (53,638)Asset-backed securities121,371 (943)24,656 (579)146,027 (1,522)Residential mortgage-backed securities144,955 (1,934)237,514 (52,060)382,469 (53,994)Commercial mortgage-backed securities92,024 (960)53,812 (3,878)145,836 (4,838)Total fixed-maturity investments$1,053,882 $(13,406)$938,410 $(123,636)$1,992,292 $(137,042)At December 31, 2024, in addition to the securities included in the allowance for credit losses, the Company held 1,031 fixed-maturity securities with a total estimated fair value of $2.0 billion and gross unrealized losses of $137.0 million. Of those securities, 616 were in a continuous unrealized loss position for greater than one year. As discussed above, the Company regularly reviews all fixed-maturity securities within its investment portfolio to determine whether a credit loss has occurred. Based on the Company's review as of December 31, 2024, except for securities previously discussed, the securities in unrealized loss positions were caused by interest rate changes or other market factors and were not credit-specific issues, nor did the Company intend to sell these securities. At December 31, 2024, 79.8% of the Company’s fixed-maturity securities were rated "A-" or better and all of Company's fixed-maturity securities made expected coupon payments under the contractual terms of the securities. 

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December 31, 2023Less than 12 Months12 Months or LongerTotalEstimated Fair ValueGross Unrealized Holding LossesEstimated Fair ValueGross Unrealized Holding LossesEstimated Fair ValueGross Unrealized Holding Losses(in thousands)Fixed maturities:U.S. Treasury securities and obligations of U.S. government agencies$— $— $15,484 $(806)$15,484 $(806)Obligations of states, municipalities and political subdivisions20,886 (221)121