Kinsale Capital Group, Inc.

KNSL 10-Q · Q1 2026

KNSL Q1 2026 request

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Income Statement

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%
Show Business Segments breakouts
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%
Show Business Segments breakouts
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%
Show Equity Components breakouts
Retained Earnings 112,554 89,227 +26.1%
Other Comprehensive Income -34,913 26,382 -232.3%
Show Equity Components breakouts
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)
Show Business Segments breakouts
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

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%
Show Fair Value Hierarchy breakouts
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%
Show Financial Instrument breakouts
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%
Show Equity Components breakouts
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%
Show Equity Components breakouts
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

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.

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