Kinsale Capital Group Inc. (KNSL) Financial Statements (2024 and earlier)

Company Profile

Business Address 2035 MAYWILL STREET, SUITE 100
RICHMOND, VA 23230
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments240,402193,808293,651206,755178,702132,800
Cash and cash equivalents  121,04077,093100,40875,089
Short-term investments240,402193,808172,611129,66278,29457,711
Total current assets:240,402193,808293,651206,755178,702132,800
Noncurrent Assets
Property, plant and equipment63,40453,47549,29546,18622,634 
Intangible assets, net (including goodwill)3,53813,2873,5383,5383,5383,538
Intangible assets, net (excluding goodwill)3,53813,2873,5383,5383,5383,538
Deferred income tax assets55,69956,9832,109  
Total noncurrent assets:122,641123,74554,94249,72426,1723,538
Other undisclosed assets3,409,9312,429,5691,677,0621,290,417885,676636,725
TOTAL ASSETS:3,772,9742,747,1222,025,6551,546,8961,090,550773,063
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt    4,648  
Deferred income tax liabilities    4,648 
Total noncurrent liabilities:    4,648  
Other undisclosed liabilities2,686,1422,001,6731,326,320966,010684,670509,077
Total liabilities:2,686,1422,001,6731,326,320970,658684,670509,077
Equity
Equity, attributable to parent1,086,832745,449699,335576,238405,880263,986
Common stock 232231228228222212
Additional paid in capital352,970347,015295,040291,315229,229158,485
Accumulated other comprehensive income (loss)(94,617)(134,918)18,12541,38013,518(1,256)
Retained earnings828,247533,121385,942243,315162,911106,545
Other undisclosed equity, attributable to parent      
Total equity:1,086,832745,449699,335576,238405,880263,986
TOTAL LIABILITIES AND EQUITY:3,772,9742,747,1222,025,6551,546,8961,090,550773,063

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,224,449819,200639,779459,886315,888222,114
Premiums earned, net1,072,537794,119582,879412,754282,981212,688
Cost of revenue(526,464)(418,223)(300,376)(249,032)(157,273)(117,761)
Policyholder benefits and claims incurred, net      
Deferred policy acquisition costs, amortization expense(123,487)(101,030)(78,633)(57,933)(39,432)(29,422)
Gross profit:697,985400,977339,403210,854158,615104,353
Operating expenses(313,968)(205,413)(150,602)(110,441)(82,564)(63,873)
Other operating expense, net
(Other Expenses)
(942)(721)(1,663)(1,375)(57)(168)
Operating income:383,075194,843187,13899,03875,99440,312
Interest and debt expense(10,301)(4,284)(1,000)(1,000)(200) 
Income from continuing operations before equity method investments, income taxes:372,774190,559186,13898,03875,79440,312
Other undisclosed income from continuing operations before income taxes11,2435,0052,6632,375257168
Income from continuing operations before income taxes:384,017195,564188,801100,41376,05140,480
Income tax expense(75,924)(36,450)(36,142)(11,994)(12,735)(6,693)
Income from continuing operations:308,093159,114152,65988,41963,31633,787
Income before gain (loss) on sale of properties:152,65988,41963,31633,787
Net income available to common stockholders, diluted:308,093159,114152,65988,41963,31633,787

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:308,093159,114152,65988,41963,31633,787
Comprehensive income:308,093159,114152,65988,41963,31633,787
Other undisclosed comprehensive income (loss), net of tax, attributable to parent40,301(153,043)(23,255)27,86214,774(5,469)
Comprehensive income, net of tax, attributable to parent:348,3946,071129,404116,28178,09028,318

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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