Company: KNSL
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0001669162-25-000027
Chunk: 4

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 1
Chunk 4
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Table of Contents

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

 KINSALE CAPITAL GROUP, INC. AND SUBSIDIARIES

Consolidated Balance Sheets (Unaudited)March 31,2025December 31,2024(in thousands, except share and per share data)AssetsInvestments:Fixed-maturity securities, available for sale, at fair value (amortized cost: $3,808,346, allowance for credit losses: $47 – 2025; $3,663,031 and $27 – 2024)$3,716,253 $3,537,563 Equity securities, at fair value (cost: $345,402 – 2025; $313,722 – 2024)433,077 398,359 Real estate investments, net15,045 15,045 Short-term investments38,816 3,714 Total investments4,203,191 3,954,681 Cash and cash equivalents142,026 113,213 Investment income due and accrued27,146 27,366 Premiums and fees receivable, net of allowance for credit losses of $27,999 – 2025; $26,926 – 2024148,565 140,027 Reinsurance recoverables, net of allowance for credit losses of $932 – 2025; $932 – 2024374,115 337,891 Ceded unearned premiums54,073 52,736 Deferred policy acquisition costs, net of ceding commissions112,313 109,263 Intangible assets3,538 3,538 Deferred income tax asset, net50,313 60,215 Other assets99,719 87,774 Total assets$5,214,999 $4,886,704 Liabilities and Stockholders' EquityLiabilities:Reserves for unpaid losses and loss adjustment expenses$2,470,643 $2,285,668 Unearned premiums845,701 828,449 Payable to reinsurers44,766 43,959 Accounts payable and accrued expenses22,962 55,159 Debt184,191 184,122 Other liabilities63,761 5,786 Total liabilities3,632,024 3,403,143 Stockholders’ equity:Common stock, $0.01 par value, 400,000