Company: KNSL
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001669162-25-000043
Chunk: 86

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Item 8
Chunk 86
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 income tax expense in current period earnings. See Note 2 for additional information.

15.      Segment information

The Company has one reportable segment, the Excess and Surplus Lines Insurance segment, which primarily offers commercial excess and surplus lines liability and property insurance products through its underwriting divisions in the United States. The Company reports operating and financial results in a single segment based on the Company's exclusive focus on property and casualty insurance in the excess and surplus lines market and the consolidated information used by the chief operating decision maker ("CODM") in evaluating the financial performance of its business and allocating resources.The Company's CODM is the Chief Executive Officer. The CODM uses consolidated net income to allocate resources primarily during the annual budgeting process and uses that measure to assess performance by considering budget-to-actual variances and evaluating financial results. The measure of segment assets is reported on the consolidated balance sheets as total assets. 

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Table of Contents

Three Months Ended June 30,Six Months Ended June 30,2025202420252024(in thousands)Revenues:Net earned premiums$383,613 $332,461 $749,403 $641,979 Fee income10,796 8,991 20,355 17,083 Net investment income46,473 35,847 90,292 68,780 Change in fair value of equity securities28,621 3,159 31,659 21,212 Net realized investment gains136 2,879 673 6,745 Change in allowance for credit losses on investments5 476 (15)486 Other income (1)170 740 844 1,059 Total revenues469,814 384,553 893,211 757,344 Expenses:Losses and loss adjustment expenses – current year229,100 199,406 454,147 394,060 Losses and loss adjustment expenses – catastrophes3,705 3,420 26,283 3,998 Losses and loss adjustment expenses – prior year development(15,446)(9,501)(30,095)(17,947)Net commissions incurred39,727 33,405 75,407 64,944 Salaries, employee benefits and bonus expense32,487 25,973 61,696 50,689 Credit loss expense – premiums receivable1,777 6,079 4,901 10,342