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)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 193,808 | 293,651 | 206,755 | 178,702 | 132,800 | 81,747 | |||
| Cash and cash equivalents | 121,040 | 77,093 | 100,408 | 75,089 | 81,747 | ||||
| Short-term investments | 193,808 | 172,611 | 129,662 | 78,294 | 57,711 | ||||
| Total current assets: | 193,808 | 293,651 | 206,755 | 178,702 | 132,800 | 81,747 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 53,475 | 49,295 | 46,186 | 22,634 | |||||
| Intangible assets, net (including goodwill) | 13,287 | 3,538 | 3,538 | 3,538 | 3,538 | 3,538 | |||
| Intangible assets, net (excluding goodwill) | 13,287 | 3,538 | 3,538 | 3,538 | 3,538 | 3,538 | |||
| Deferred income tax assets | 56,983 | 2,109 | ✕ | ✕ | |||||
| Total noncurrent assets: | 123,745 | 54,942 | 49,724 | 26,172 | 3,538 | 3,538 | |||
| Other undisclosed assets | 2,429,569 | 1,677,062 | 1,290,417 | 885,676 | 636,725 | 582,564 | |||
| TOTAL ASSETS: | 2,747,122 | 2,025,655 | 1,546,896 | 1,090,550 | 773,063 | 667,849 | |||
| 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 liabilities | 2,001,673 | 1,326,320 | 966,010 | 684,670 | 509,077 | 429,660 | |||
| Total liabilities: | 2,001,673 | 1,326,320 | 970,658 | 684,670 | 509,077 | 429,660 | |||
| Equity | |||||||||
| Equity, attributable to parent | 745,449 | 699,335 | 576,238 | 405,880 | 263,986 | 238,189 | |||
| Common stock | 231 | 228 | 228 | 222 | 212 | 210 | |||
| Additional paid in capital | 347,015 | 295,040 | 291,315 | 229,229 | 158,485 | 155,082 | |||
| Accumulated other comprehensive income (loss) | (134,918) | 18,125 | 41,380 | 13,518 | (1,256) | 9,395 | |||
| Retained earnings | 533,121 | 385,942 | 243,315 | 162,911 | 106,545 | 73,502 | |||
| Total equity: | 745,449 | 699,335 | 576,238 | 405,880 | 263,986 | 238,189 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,747,122 | 2,025,655 | 1,546,896 | 1,090,550 | 773,063 | 667,849 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 819,200 | 639,779 | 459,886 | 315,888 | 222,114 | 186,776 | ||
| Premiums earned, net | 794,119 | 582,879 | 412,754 | 282,981 | 212,688 | ✕ | ||
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 176,053 | |
| Cost of revenue | (418,223) | (300,376) | (249,032) | (157,273) | (117,761) | (94,310) | ||
| Deferred policy acquisition costs, amortization expense | (101,030) | (78,633) | (57,933) | (39,432) | (29,422) | (24,145) | ||
| Gross profit: | 400,977 | 339,403 | 210,854 | 158,615 | 104,353 | 92,466 | ||
| Operating expenses | (205,413) | (150,602) | (110,441) | (82,564) | (63,873) | (53,945) | ||
| Other operating expense, net (Other Expenses) | (721) | (1,663) | (1,375) | (57) | (168) | (429) | ||
| Operating income: | 194,843 | 187,138 | 99,038 | 75,994 | 40,312 | 38,092 | ||
| Interest and debt expense | (4,284) | (1,000) | (1,000) | (200) | ||||
| Income from continuing operations before equity method investments, income taxes: | 190,559 | 186,138 | 98,038 | 75,794 | 40,312 | 38,092 | ||
| Other undisclosed income from continuing operations before income taxes | 5,005 | 2,663 | 2,375 | 257 | 168 | 429 | ||
| Income from continuing operations before income taxes: | 195,564 | 188,801 | 100,413 | 76,051 | 40,480 | 38,521 | ||
| Income tax expense | (36,450) | (36,142) | (11,994) | (12,735) | (6,693) | (13,620) | ||
| Income from continuing operations: | 159,114 | 152,659 | 88,419 | 63,316 | 33,787 | 24,901 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | 152,659 | 88,419 | 63,316 | 33,787 | 24,901 | |
| Net income available to common stockholders, diluted: | 159,114 | 152,659 | 88,419 | 63,316 | 33,787 | 24,901 | ||
Comprehensive Income ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 159,114 | 152,659 | 88,419 | 63,316 | 33,787 | 24,901 | ||
| Comprehensive income: | 159,114 | 152,659 | 88,419 | 63,316 | 33,787 | 24,901 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (153,043) | (23,255) | 27,862 | 14,774 | (5,469) | 6,384 | ||
| Comprehensive income, net of tax, attributable to parent: | 6,071 | 129,404 | 116,281 | 78,090 | 28,318 | 31,285 | ||
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.