Company: KNSL
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001669162-25-000010
Chunk: 118

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 118
---
 Total expenses1,072,809 840,432 643,240 Income before income taxes514,716 384,017 195,564 Income tax expense99,873 75,924 36,450 Net income414,843 308,093 159,114 Other comprehensive income (loss):Change in unrealized (losses) gains on available-for-sale investments, net of taxes (2,589)40,301 (153,043)Total comprehensive income$412,254 $348,394 $6,071 

Earnings per share:Basic$17.92 $13.37 $6.97 Diluted$17.78 $13.22 $6.88 Weighted-average shares outstanding:Basic23,153 23,045 22,815 Diluted23,332 23,307 23,125 

See accompanying notes to consolidated financial statements.

73

 KINSALE CAPITAL GROUP, INC. AND SUBSIDIARIES

Consolidated Statements of Changes in Stockholders' Equity

Shares of Common Stock OutstandingCommon Stock Additional Paid-in CapitalRetained EarningsAccumu-lated Other Compre-hensive (Loss)Income Treasury Stock, at CostTotal Stockholders' Equity(in thousands, except for share and per share data)Balance at December 31, 202122,834,377 $228 $295,040 $385,942 $18,125 $— $699,335 Issuance of common stock, net of issuance costs155,000 2 47,496 — — — 47,498 Issuance of common stock under stock-based compensation plan116,140 1 1,089 — — — 1,090 Stock-based compensation expense— — 6,678 — — — 6,678 Restricted shares withheld for taxes(14,991)— (3,288)— — — (3,288)Dividends declared ($0.52 per share)— — — (11,935)— — (11,935)Other comprehensive loss, net of income taxes— — — — (153,043)— (153,043)Net income— — — 159,114 — — 159,114 Balance at December 31