Company: KNSL
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001669162-25-000058
Chunk: 75

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 8
Chunk 75
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)Net realized gains (losses) from equity securities— (31)555 6,816 Realized gains (losses) from the sales of short-term investments3 (1)3 — Realized losses on sale of real estate investments— — — (5)Net realized investment gains (losses)$2,159 $(8)$2,832 $6,737 The net realized gains or losses on sales of equity securities represent the total gains or losses from the purchase dates of the equity securities. The change in unrealized gains (losses) in the consolidated statement of income consists of two components: (1) the reversal of the gain or loss recognized in previous periods on equity securities sold and (2) the change in unrealized gain or loss resulting from mark-to-market adjustments on equity securities still held.Change in net unrealized gains (losses) on fixed-maturity securitiesFor the three months ended September 30, 2025 and 2024, the change in net unrealized gains (losses) for fixed-maturity securities was $25.5 million and $80.3 million respectively. For the nine months ended September 30, 2025 and 2024, the change in net unrealized gains (losses) for fixed-maturity securities was $77.2 million and $60.6 million, respectively. Insurance – statutory depositsThe Company had invested assets with a fair value of $3.9 million and $3.7 million on deposit with state regulatory authorities at September 30, 2025 and December 31, 2024, respectively.Payable for investments purchasedThe Company recorded a payable for investments purchased, not yet settled, of $4.9 million at September 30, 2025. The Company did not have a payable for investments purchased at December 31, 2024, respectively. The payable balance was included in the "other liabilities" line item of the consolidated balance sheet.

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Table of Contents

3.     Fair Value Measurements

Fair value is estimated for each class of financial instrument based on the framework established in the fair value accounting guidance. Fair value is defined as the price in the principal market that would be received for an asset or paid to transfer a liability to facilitate an orderly transaction between market participants on the measurement date. Market participants are assumed to be independent, knowledgeable, able and willing to transact an exchange and not acting under duress. Fair value hierarchy disclosures are based