Company: KNSL
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0001669162-25-000027
Chunk: 96

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 8
Chunk 96
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2024Standard & Poor’s or Equivalent DesignationEstimated Fair Value% of TotalEstimated Fair Value% of Total($ in thousands)AAA$1,119,861 30.1 %$1,034,025 29.2 %AA621,159 16.7 %620,550 17.5 %A1,223,001 32.9 %1,166,923 33.0 %BBB685,916 18.5 %652,631 18.5 %Below BBB and unrated66,316 1.8 %63,434 1.8 %Total$3,716,253 100.0 %$3,537,563 100.0 %

The amortized cost and estimated fair value of our fixed-maturity securities summarized by contractual maturity as of March 31, 2025 and December 31, 2024, were as follows:

March 31, 2025December 31, 2024Amortized CostEstimated Fair Value% of Total Fair ValueAmortized CostEstimated Fair Value% of Total Fair Value($ in thousands)Due in one year or less$410,141 $410,644 11.0 %$415,494 $415,674 11.8 %Due after one year through five years1,080,085 1,076,016 29.0 %1,070,687 1,058,729 29.9 %Due after five years through ten years569,277 560,390 15.1 %513,549 496,044 14.0 %Due after ten years230,284 191,965 5.2 %222,001 180,395 5.1 %Asset-backed securities737,396 742,725 20.0 %729,658 732,742 20.7 %Residential mortgage-backed securities554,216 510,019 13.7 %502,121 448,874 12.7 %Commercial mortgage-backed securities226,947 224,494 6.0 %209,521 205,105 5.8 %Total fixed-maturity securities$3,808,346 $3,716,253 100.0 %$3,663,031 $3,537,563 100.