Kinsale Capital Group, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Kinsale Capital Group, Inc. reported revenue of $1.9B (+18.0% year on year) and net income of $503.6M (+21.4% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Gross written premiums | $2.0B | $1.9B | $1.6B | $1.1B |
| Ceded written premiums | ($361.2M) | ($393.0M) | ($304.2M) | ($165.3M) |
| Net written premiums | $1.6B | $1.5B | $1.3B | $936.8M |
| Change in unearned premiums | ($40.2M) | ($126.9M) | ($192.1M) | ($142.7M) |
| Net earned premiums | $1.6B | $1.4B | $1.1B | $794.1M |
| Insurance Fee Income | $40.7M | $34.1M | $27.0M | — |
| Net investment income | $192.2M | $150.3M | $102.3M | $51.3M |
| Change in the fair value of equity securities | $58.8M | $43.4M | $15.3M | ($27.7M) |
| Net realized investment gains | $4.4M | $6.8M | $6.0M | $1.2M |
| Change in allowance for credit losses on investments | ($2.0K) | $526.0K | ($187.0K) | ($366.0K) |
| Other income | $2.0M | $1.9M | $1.4M | $697.0K |
| Total revenues | $1.9B | $1.6B | $1.2B | $819.2M |
| Losses and loss adjustment expenses | $890.7M | $772.9M | $600.2M | $457.9M |
| Underwriting, acquisition and insurance expenses | $336.7M | $285.8M | $229.0M | $160.7M |
| Interest expense | $10.6M | $10.1M | $10.3M | $4.3M |
| Other expenses | $1.6M | $4.0M | $942.0K | $721.0K |
| Total expenses | $1.2B | $1.1B | $840.4M | $623.6M |
| Income before income taxes | $634.3M | $514.7M | $384.0M | $195.6M |
| Income tax expense | $130.7M | $99.9M | $75.9M | $36.5M |
| Net income | $503.6M | $414.8M | $308.1M | $159.1M |
| Change in unrealized gains (losses) on available-for-sale investments, net of taxes | $66.5M | ($2.6M) | $40.3M | ($153.0M) |
| Total comprehensive income | $570.1M | $412.3M | $348.4M | $6.1M |
| Basic | $21.76 | $17.92 | $13.37 | $6.97 |
| Diluted | $21.65 | $17.78 | $13.22 | $6.88 |
| Basic | 23.1M | 23.2M | 23.0M | 22.8M |
| Diluted | 23.3M | 23.3M | 23.3M | 23.1M |
| Line item | Sep 30, 2026 · Q3 | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 |
|---|---|---|---|---|
| Gross written premiums | $462.9M | $527.6M | $482.0M | $486.3M |
| Ceded written premiums | ($63.7M) | ($75.1M) | ($78.8M) | ($81.2M) |
| Net written premiums | $399.1M | $452.5M | $403.3M | $405.1M |
| Change in unearned premiums | $24.3M | ($34.9M) | $3.6M | $5.9M |
| Net earned premiums | $423.5M | $417.6M | $406.9M | $411.0M |
| Fee income | $11.1M | $11.9M | $11.0M | $10.3M |
| Net investment income | $58.3M | $55.7M | $55.4M | $49.6M |
| Change in the fair value of equity securities | ($37.8M) | $56.2M | ($8.4M) | $23.7M |
| Net realized investment gains (losses) | ($419.0K) | $6.7M | $1.7M | $2.2M |
| Debt Securities, Available-for-Sale, Excluding Accrued Interest, Allowance for Credit Loss, Period Increase (Decrease) | $1.0K | $0 | ($27.0K) | $4.0K |
| Other income | $149.0K | $316.0K | $96.0K | $764.0K |
| Total revenues | $454.8M | $548.5M | $466.7M | $497.5M |
| Losses and loss adjustment expenses | $232.1M | $230.9M | $235.1M | $227.2M |
| Underwriting, acquisition and insurance expenses | $95.4M | $93.2M | $88.2M | $88.4M |
| Interest Expense | $3.2M | $3.3M | $3.2M | $2.6M |
| Other expenses | $451.0K | $1.3M | $529.0K | $473.0K |
| Total expenses | $331.2M | $328.7M | $327.0M | $318.6M |
| Income before income taxes | $123.6M | $219.8M | $139.7M | $178.9M |
| Total income tax expense | $25.5M | $43.9M | $27.1M | $37.2M |
| Net income | $98.1M | $175.9M | $112.6M | $141.6M |
| Change in net unrealized losses on available-for-sale investments, net of taxes | ($112.9M) | ($8.6M) | ($34.9M) | $20.1M |
| Total comprehensive income (loss) | ($14.8M) | $167.3M | $77.6M | $161.8M |
| Basic | $4.36 | $7.73 | $4.90 | $6.12 |
| Diluted | $4.36 | $7.72 | $4.88 | $6.09 |
| Basic | 22.5M | 22.8M | 23.0M | 23.2M |
| Diluted | 22.5M | 22.8M | 23.1M | 23.3M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Fixed-maturity securities available-for-sale, at fair value (amortized cost: $4,382,725 allowance for credit loss: $29 – 2025; $3,663,031 and $27 – 2024) | $4.3B | $3.5B | $2.7B | $1.8B |
| Equity securities, at fair value (cost: $482,926 – 2025; $313,722 – 2024) | $626.4M | $398.4M | $234.8M | $152.5M |
| Real Estate Investments, Net | $55.2M | $15.0M | $14.8M | $76.4M |
| Short-Term Investments | $3.9M | $3.7M | $5.6M | $41.3M |
| Total investments | $5.0B | $4.0B | $3.0B | $2.0B |
| Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation | $163.4M | $113.2M | $126.7M | $156.3M |
| Investment income due and accrued | $31.0M | $27.4M | $21.7M | $14.5M |
| Premiums and fees receivable, net of allowance for credit losses of $27,328 in 2025 and $26,926 in 2024 | $124.6M | $140.0M | $143.2M | $105.8M |
| Reinsurance recoverables, net of allowance for credit losses of $1,072 in 2025 and $932 in 2024 | $394.3M | $337.9M | $247.8M | $220.5M |
| Ceded unearned premiums | $44.5M | $52.7M | $52.5M | $42.9M |
| Deferred policy acquisition costs, net of ceding commissions | $118.7M | $109.3M | $88.4M | $61.6M |
| Intangible assets | $3.5M | $3.5M | $3.5M | $3.5M |
| Deferred income tax asset, net | $42.2M | $60.2M | $55.7M | $57.0M |
| Other assets | $94.4M | $87.8M | $66.4M | $54.8M |
| Total assets | $6.0B | $4.9B | $3.8B | $2.7B |
| Gross reserves for unpaid losses and loss adjustment expenses, beginning of year | $2.9B | $2.3B | $1.7B | $1.2B |
| Unearned premiums | $860.4M | $828.4M | $701.4M | $499.7M |
| Payable to reinsurers | $34.4M | $44.0M | $47.6M | $32.0M |
| Accounts payable and accrued expenses | $66.3M | $55.2M | $44.9M | $31.4M |
| Long-Term Debt | $224.4M | $184.1M | $183.8M | $195.7M |
| Other liabilities | $7.6M | $5.8M | $15.6M | $4.5M |
| Total liabilities | $4.1B | $3.4B | $2.7B | $2.0B |
| Common stock, shares issued (in shares) | 23.4M | 23.3M | — | — |
| Common stock, $0.01 par value, 400,000,000 shares authorized, 23,380,413 shares issued and 23,145,751 shares outstanding at December 31, 2025; 23,294,783 shares issued and 23,272,157 shares outstanding at December 31, 2024 | 234.0K | 233.0K | 232.0K | 231.0K |
| Additional paid-in capital | $373.7M | $361.4M | $353.0M | $347.0M |
| Retained earnings | $1.7B | $1.2B | $828.2M | $533.1M |
| Accumulated other comprehensive loss | ($30.7M) | ($97.2M) | ($94.6M) | ($134.9M) |
| Treasury Stock, Common, Shares | 234.7K | 22.6K | — | — |
| Treasury Stock, Value | ($100.6M) | ($10.0M) | — | — |
| Stockholders' equity | $2.0B | $1.5B | $1.1B | $745.4M |
| Total liabilities and stockholders' equity | $6.0B | $4.9B | $3.8B | $2.7B |
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | $0.01 | — |
| Common stock, shares authorized (in shares) | 400.0M | 400.0M | 400.0M | — |
| Common stock, shares outstanding (in shares) | 23.1M | 23.3M | 23.2M | — |
| Debt Securities, Available-for-Sale, Allowance for Credit Loss, Excluding Accrued Interest | $29.0K | $27.0K | $553.0K | — |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 |
|---|---|---|---|---|
| Fixed-maturity securities, available for sale, at fair value (amortized cost: $4,736,687, allowance for credit losses: $55 – 2026; $4,382,725 and $29 – 2025) | $4.5B | $4.5B | $4.4B | $4.2B |
| Equity securities, at fair value (cost: $625,689 – 2026; $482,926 – 2025) | $779.2M | $773.1M | $644.5M | $571.1M |
| Real Estate Investments, Net | $54.6M | $54.7M | $55.0M | $15.0M |
| Short-term investments | $0 | $0 | $0 | $10.9M |
| Total investments | $5.3B | $5.3B | $5.1B | $4.8B |
| Cash and Cash Equivalent | $160.5M | $210.5M | $223.3M | $170.2M |
| Investment income due and accrued | $33.0M | $33.5M | $30.0M | $30.6M |
| Premiums and fees receivable, net of allowance for credit losses of $31,779 – 2026; $27,328 – 2025 | $119.6M | $148.0M | $128.6M | $124.1M |
| Reinsurance recoverables, net | $427.1M | $415.1M | $413.2M | $391.2M |
| Ceded unearned premiums | $39.8M | $44.4M | $43.9M | $48.8M |
| Deferred policy acquisition costs, net of ceding commissions | $122.2M | $124.7M | $119.2M | $124.4M |
| Intangible assets | $3.5M | $3.5M | $3.5M | $3.5M |
| Deferred Income Tax Assets, Net | $86.0M | $46.3M | $53.7M | $36.7M |
| Other assets | $108.2M | $104.4M | $98.0M | $135.5M |
| Total assets | $6.4B | $6.4B | $6.2B | $5.8B |
| Reserves for unpaid losses and loss adjustment expenses | $3.3B | $3.2B | $3.1B | $2.8B |
| Unearned premiums | $862.7M | $891.6M | $856.2M | $909.6M |
| Payable to reinsurers | $25.3M | $32.4M | $33.5M | $34.8M |
| Accounts payable and accrued expenses | $53.7M | $36.5M | $22.4M | $50.9M |
| Debt | $224.6M | $224.5M | $224.5M | $199.3M |
| Other liabilities | $21.6M | $16.1M | $48.5M | $8.4M |
| Total liabilities | $4.5B | $4.4B | $4.2B | $4.0B |
| Common stock, shares outstanding (in shares) | 22.5M | 22.8M | 23.1M | 23.3M |
| Common stock, $0.01 par value, 400,000,000 shares authorized, 23,500,708 and 22,509,945 shares issued and outstanding at September 30, 2026; 23,380,413 and 23,145,751 shares issued and outstanding at December 31, 2025 | 235.0K | 235.0K | 235.0K | — |
| Additional paid-in capital | $384.8M | $379.5M | $372.4M | $369.0M |
| Retained earnings | $2.1B | $2.0B | $1.8B | $1.6B |
| Accumulated other comprehensive loss | ($187.2M) | ($74.2M) | ($65.6M) | ($36.2M) |
| Treasury Stock, Common, Shares | 990.8K | 721.8K | 400.7K | 114.9K |
| Treasury Stock, Value | ($365.3M) | ($264.3M) | ($163.5M) | ($50.0M) |
| Total stockholders’ equity | $1.9B | $2.0B | $2.0B | $1.9B |
| Total liabilities and stockholders’ equity | $6.4B | $6.4B | $6.2B | $5.8B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $503.6M | $414.8M | $308.1M | $159.1M |
| Change in fair value of equity securities | ($58.8M) | ($43.4M) | ($15.3M) | $27.7M |
| Net investment gains | ($4.4M) | ($6.8M) | ($6.0M) | ($1.2M) |
| Change in allowance for credit losses on investments | ($2.0K) | $526.0K | $187.0K | $366.0K |
| Deferred tax (benefit) expense | $343.0K | ($3.8M) | ($9.4M) | ($14.2M) |
| Depreciation and amortization | $5.8M | $5.8M | $3.3M | $2.7M |
| Stock compensation expense | $17.9M | $14.1M | $9.4M | $6.7M |
| Investment income due and accrued | ($3.6M) | ($5.7M) | ($7.2M) | ($6.8M) |
| Premiums receivable, net | $15.4M | $3.2M | ($37.5M) | ($34.8M) |
| Reserves for unpaid loss and loss adjustment expenses | $605.2M | $592.8M | $454.5M | $357.1M |
| Unearned premiums | $31.9M | $127.1M | $201.7M | $151.9M |
| Reinsurance balances, net | ($57.8M) | ($93.9M) | ($21.4M) | ($90.8M) |
| Deferred policy acquisition costs | ($9.5M) | ($20.9M) | ($26.8M) | ($19.6M) |
| Income taxes (recoverable) payable | $761.0K | ($359.0K) | $742.0K | $7.5M |
| Accounts payable and accrued expenses | $10.9M | $8.9M | $12.5M | $8.1M |
| Other | ($14.1M) | ($15.1M) | ($6.8M) | $4.0M |
| Net cash provided by operating activities | $1.0B | $976.3M | $859.8M | $557.8M |
| Purchase of property and equipment | ($53.7M) | ($23.9M) | ($6.6M) | ($6.9M) |
| Purchase of real estate investment | $0 | ($312.0K) | ($2.1M) | ($76.6M) |
| Sale of property and equipment | $0 | $0 | $62.0M | $0 |
| Payments for (Proceeds from) Short-Term Investments | $559.0K | $2.1M | $36.7M | ($40.6M) |
| Purchases - fixed-maturity securities | ($2.5B) | ($1.6B) | ($1.3B) | ($751.4M) |
| Purchases - equity securities | ($183.2M) | ($156.5M) | ($86.6M) | ($11.5M) |
| Sales - fixed-maturity securities | $1.2B | $289.4M | $245.6M | $63.1M |
| Sales - equity securities | $14.6M | $34.4M | $30.6M | $5.0M |
| Maturities and calls - fixed-maturity securities | $626.1M | $452.4M | $176.5M | $110.4M |
| Net cash provided by (used in) investing activities | ($922.2M) | ($960.1M) | ($860.9M) | ($708.6M) |
| Proceeds from Lines of Credit | $40.0M | $0 | $0 | $73.0M |
| Repayments of Long-Term Lines of Credit | $0 | $0 | ($62.0M) | ($43.0M) |
| Debt issuance costs | $0 | $0 | ($164.0K) | ($2.4M) |
| Proceeds from Issuance of Long-Term Debt | $0 | $0 | $50.0M | $125.0M |
| Payroll taxes withheld and remitted on share-based payments | ($6.3M) | ($7.0M) | ($4.3M) | ($3.3M) |
| Common stock issued, stock options exercised | $681.0K | $1.3M | $877.0K | $1.1M |
| Dividends paid | ($15.8M) | ($13.9M) | ($13.0M) | ($11.9M) |
| Payments for Repurchase of Common Stock | ($90.0M) | ($10.0M) | — | — |
| Net cash provided by (used in) financing activities | ($71.4M) | ($29.7M) | ($28.5M) | $186.0M |
| Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance | $113.2M | $126.7M | $156.3M | $121.0M |
| Net change in cash and cash equivalents | $50.1M | ($13.5M) | ($29.6M) | $35.2M |
| Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation | $163.4M | — | — | — |
| Income Taxes Paid, Net | $129.6M | — | — | — |
| Line item | Sep 30, 2026 · YTD | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD |
|---|---|---|---|---|
| Net cash provided by operating activities | $754.9M | $490.8M | $248.9M | $802.3M |
| Purchase of property and equipment | ($12.6M) | ($10.3M) | ($7.5M) | ($43.1M) |
| Purchase of real estate investment | ($230.0K) | — | — | $0 |
| Change in short-term investments, net | $3.9M | $3.9M | $3.9M | ($6.5M) |
| Purchases – fixed-maturity securities | ($1.5B) | ($729.5M) | ($361.8M) | ($1.8B) |
| Purchases - equity securities | ($266.4M) | ($148.9M) | ($33.1M) | ($131.4M) |
| Sales – fixed-maturity securities | $795.4M | $367.1M | $182.7M | $677.6M |
| Sales – equity securities | $169.3M | $58.5M | $8.6M | $14.6M |
| Maturities and calls – fixed-maturity securities | $289.0M | $195.7M | $92.8M | $554.3M |
| Net cash used in investing activities | ($472.1M) | ($263.5M) | ($114.4M) | ($702.9M) |
| Proceeds from Lines of Credit | $30.0M | ($30.0M) | — | $15.0M |
| Repayments of Lines of Credit | $30.0M | ($30.0M) | — | — |
| Payroll taxes withheld and remitted on share-based payments | ($6.8M) | ($6.8M) | ($6.7M) | ($6.3M) |
| Proceeds from stock options exercised | $1.2M | $1.2M | $511.0K | $606.0K |
| Dividends paid | ($17.0M) | ($11.5M) | ($5.8M) | ($11.9M) |
| Payments for Repurchase of Common Stock | ($263.1M) | ($163.1M) | ($62.5M) | ($40.0M) |
| Net cash used in financing activities | ($285.7M) | ($180.1M) | ($74.5M) | ($42.5M) |
| Net change in cash and cash equivalents | ($2.9M) | $47.1M | $59.9M | $56.9M |
| Cash and cash equivalents at beginning of year | $163.4M | $163.4M | $223.3M | $170.2M |
| Cash and cash equivalents at end of period | $160.5M | $210.5M | $223.3M | $170.2M |
Kinsale Capital Group, Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.