Kinsale Capital Group, Inc.
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KNSL Q1 2026 request
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Income Statement
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Premiums Written Gross | 482,018 | 484,275 | -0.5% |
| Ceded Premiums Written | -78,756 | -102,570 | +23.2% |
| Premiums Written Net | 403,262 | 381,705 | +5.6% |
| Increase Decrease In Unearned Premiums Net | 3,597 | -15,915 | +122.6% |
| Premiums Earned Net | 406,859 | 365,790 | +11.2% |
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| Excess and Surplus Lines Segment · Operating Segments | 406,859 | 365,790 | +11.2% |
| Insurance Fee Income | 10,995 | 9,559 | +15.0% |
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| Excess and Surplus Lines Segment · Operating Segments | 10,995 | 9,559 | +15.0% |
| Net Investment Income | 55,423 | 43,819 | +26.5% |
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| Excess and Surplus Lines Segment · Operating Segments | 55,423 | 43,819 | +26.5% |
| Equity Securities Fv Ni Unrealized Gain Loss | -8,356 | 3,038 | -375.0% |
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| Excess and Surplus Lines Segment · Operating Segments | -8,356 | 3,038 | -375.0% |
| Realized Investment Gains Losses | 1,719 | 537 | +220.1% |
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| Excess and Surplus Lines Segment · Operating Segments | 1,719 | 537 | +220.1% |
| Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Period Increase Decrease | -27 | -20 | -35.0% |
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| Excess and Surplus Lines Segment · Operating Segments | -27 | -20 | -35.0% |
| Other Income | 96 | 674 | -85.8% |
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| Excess and Surplus Lines Segment · Operating Segments | 96 | 674 | -85.8% |
| Revenue | 466,709 | 423,397 | +10.2% |
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| Excess and Surplus Lines Segment · Operating Segments | 466,709 | 423,397 | +10.2% |
| Policyholder Benefits And Claims Incurred Net | 235,119 | 232,976 | +0.9% |
| Underwritingacquisitionandinsuranceexpenses | 88,234 | 74,912 | +17.8% |
| Interest Expense Debt | 3,167 | 2,538 | +24.8% |
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| Excess and Surplus Lines Segment · Operating Segments | 3,167 | 2,538 | +24.8% |
| Other Expenses | 529 | 660 | -19.8% |
| Benefits Losses And Expenses | 327,049 | 311,086 | +5.1% |
| Income Before Taxes | 139,660 | 112,311 | +24.4% |
| Income Tax Expense (Benefit) | 27,106 | 23,084 | +17.4% |
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| Excess and Surplus Lines Segment · Operating Segments | 27,106 | 23,084 | +17.4% |
| Net Income | 112,554 | 89,227 | +26.1% |
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| Excess and Surplus Lines Segment · Operating Segments | 112,554 | 89,227 | +26.1% |
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| Retained Earnings | 112,554 | 89,227 | +26.1% |
| Other Comprehensive Income | -34,913 | 26,382 | -232.3% |
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| Accumulated Other Comprehensive Income | -34,913 | 26,382 | -232.3% |
| Comprehensive Income | 77,641 | 115,609 | -32.8% |
| EPS (Basic) | 4.9 | 3.85 | +27.3% |
| EPS (Diluted) | 4.88 | 3.83 | +27.4% |
| Wtd Avg Shares (Basic) | 22,975 | 23,170 | -0.8% |
| Wtd Avg Shares (Diluted) | 23,057 | 23,313 | -1.1% |
| Selling, General & Administrative (Q) | — | — | — |
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| Excess and Surplus Lines Segment · Operating Segments | 7,553 | 6,452 | +17.1% |
| Gain Loss On Investments | 1,719 | 537 | +220.1% |
| Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1 | 235,119 | 232,976 | +0.9% |
| Depreciation And Amortization (Q) | — | — | — |
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| Excess and Surplus Lines Segment · Operating Segments | 1,415 | 1,107 | +27.8% |
| Labor And Related Expense | 32.6 | 29.2 | +11.6% |
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| Excess and Surplus Lines Segment · Operating Segments | 32,615 | 29,209 | +11.7% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 223,263 | 142,026 | +57.2% |
| Non-Current Assets | |||
| Deferred Tax Assets | 53,725 | 50,313 | +6.8% |
| Total Assets | 6,215,470 | 5,214,999 | +19.2% |
| Property, Plant & Equipment | 93,301 | 94,976 | -1.8% |
| Other Assets | |||
| Debt Securities Available For Sale Excluding Accrued Interest | 4,402,650 | 3,716,253 | +18.5% |
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| Fair Value Inputs Level1 · Debt Securities | 868 | 7,550 | -88.5% |
| Fair Value Inputs Level1 · US Treasury And Government | 868 | 7,550 | -88.5% |
| Fair Value Inputs Level2 · Asset Backed Securities | 572,432 | 742,725 | -22.9% |
| Fair Value Inputs Level2 · Commercial Mortgage Backed Securities | 467,773 | 224,494 | +108.4% |
| Fair Value Inputs Level2 · Corporate Debt Securities | 1,727,309 | 2,087,105 | -17.2% |
| Fair Value Inputs Level2 · Debt Securities | 4,401,782 | 3,708,703 | +18.7% |
| Fair Value Inputs Level2 · Residential Mortgage Backed Securities | 1,510,246 | 510,019 | +196.1% |
| Fair Value Inputs Level2 · US States And Political Subdivisions | 124,022 | 144,360 | -14.1% |
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| Asset Backed Securities | 572,432 | 742,725 | -22.9% |
| Asset Backed Securities · Fair Value Measurements Recurring | 572,432 | 742,725 | -22.9% |
| Commercial Mortgage Backed Securities | 467,773 | 224,494 | +108.4% |
| Commercial Mortgage Backed Securities · Fair Value Measurements Recurring | 467,773 | 224,494 | +108.4% |
| Corporate Debt Securities | 1,727,309 | 2,087,105 | -17.2% |
| Corporate Debt Securities · Fair Value Measurements Recurring | 1,727,309 | 2,087,105 | -17.2% |
| Debt Securities · Fair Value Measurements Recurring | 4,402,650 | 3,716,253 | +18.5% |
| Residential Mortgage Backed Securities | 1,510,246 | 510,019 | +196.1% |
| Residential Mortgage Backed Securities · Fair Value Measurements Recurring | 1,510,246 | 510,019 | +196.1% |
| US States And Political Subdivisions | 124,022 | 144,360 | -14.1% |
| US States And Political Subdivisions · Fair Value Measurements Recurring | 124,022 | 144,360 | -14.1% |
| US Treasury And Government | 868 | 7,550 | -88.5% |
| US Treasury And Government · Fair Value Measurements Recurring | 868 | 7,550 | -88.5% |
| Equity Securities Fv Ni | 644,541 | 433,077 | +48.8% |
| Real Estate Investments | 54,952 | — | — |
| Investments | 5,102,143 | 4,203,191 | +21.4% |
| Accrued Investment Income Receivable | 29,999 | 27,146 | +10.5% |
| Premiums And Other Receivables Net | 128,574 | 148,565 | -13.5% |
| Reinsurance Recoverables On Paid And Unpaid Losses | 413,242 | 374,115 | +10.5% |
| Prepaid Reinsurance Premiums | 43,866 | 54,073 | -18.9% |
| Deferred Policy Acquisition Costs | 119,165 | 112,313 | +6.1% |
| Indefinite Lived Intangible Assets Excluding Goodwill | 3,538 | 3,538 | 0.0% |
| Other Assets | 97,955 | 99,719 | -1.8% |
| Non-Current Liabilities | |||
| Accounts Payable And Accrued Liabilities Current And Noncurrent | 22,354 | 22,962 | -2.6% |
| Long-Term Debt | 224,466 | 184,191 | +21.9% |
| Total Liabilities | 4,248,124 | 3,632,024 | +17.0% |
| Other Liabilities | |||
| Liability For Claims And Claims Adjustment Expense | 3,063,156 | 2,470,643 | +24.0% |
| Unearned Premiums | 856,157 | 845,701 | +1.2% |
| Reinsurance Payable | 33,454 | 44,766 | -25.3% |
| Other Liabilities | 48,537 | 63,761 | -23.9% |
| Common Stock Shares Outstanding | 23,061,075 | 23,307,618 | -1.1% |
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| Common Stock | 23,061,075 | 23,307,618 | -1.1% |
| Stockholders' Equity | |||
| Common Stock | 235 | — | — |
| Additional Paid-In Capital | 372,439 | 359,154 | +3.7% |
| Retained Earnings | 1,823,733 | 1,314,410 | +38.7% |
| Accumulated Other Comprehensive Income | -65,605 | -70,824 | +7.4% |
| Treasury Stock Common Shares | 400,704 | 45,974 | +771.6% |
| Treasury Stock Value | -163,456 | -19,999 | -717.3% |
| Total Stockholders' Equity | 1,967,346 | 1,582,975 | +24.3% |
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| Accumulated Other Comprehensive Income | -65,605 | -70,824 | +7.4% |
| Additional Paid In Capital | 372,439 | 359,154 | +3.7% |
| Common Stock | 235 | 234 | +0.4% |
| Retained Earnings | 1,823,733 | 1,314,410 | +38.7% |
| Treasury Stock Common | -163,456 | -19,999 | -717.3% |
| Total Liabilities & Equity | 6,215,470 | 5,214,999 | +19.2% |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Net Cash from Operations | 248,869 | 229,779 | +8.3% |
| Investing Activities | |||
| Capital Expenditures | -7,550 | -12,139 | +37.8% |
| Payments For Proceeds From Short Term Investments | 3,874 | -34,999 | +111.1% |
| Purchases of Investments | -361,756 | -369,457 | +2.1% |
| Payments To Acquire Equity Securities Fv Ni | -33,137 | -42,710 | +22.4% |
| Proceeds From Sale Of Available For Sale Securities Debt | 182,746 | 106,974 | +70.8% |
| Proceeds From Sale Of Equity Securities Fv Ni | 8,583 | 11,585 | -25.9% |
| Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities | 92,808 | 144,678 | -35.9% |
| Net Cash from Investing | -114,432 | -180,961 | +36.8% |
| Financing Activities | |||
| Tax Withholding for Share Compensation | -6,734 | -6,248 | -7.8% |
| Proceeds From Stock Options Exercised | 511 | 235 | +117.4% |
| Payments Of Dividends Common Stock | -5,812 | -3,993 | -45.6% |
| Share Repurchases | -62,500 | -9,999 | -525.1% |
| Net Cash from Financing | -74,535 | -20,005 | -272.6% |
| Other Cash Flow | |||
| Net Change in Cash | 59,902 | 28,813 | +107.9% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 223,263 | 142,026 | +57.2% |
Values in thousands USD. Source: SEC EDGAR 10-Q filing.