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
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments240,402399,960350,683356,654193,808341,356
Cash and cash equivalents 162,944125,057158,648 126,213
Short-term investments240,402237,016225,626198,006193,808215,143
Total current assets:240,402399,960350,683356,654193,808341,356
Noncurrent Assets
Property, plant and equipment63,40462,26456,17355,39853,47552,026
Intangible assets, net (including goodwill)3,5383,5383,53813,31413,2873,538
Intangible assets, net (excluding goodwill)3,5383,5383,53813,31413,2873,538
Deferred income tax assets55,69968,53558,04753,32056,98359,136
Total noncurrent assets:122,641134,337117,758122,032123,745114,700
Other undisclosed assets3,409,9312,908,2392,801,7612,519,1362,429,5692,008,176
TOTAL ASSETS:3,772,9743,442,5363,270,2022,997,8222,747,1222,464,232
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,686,1422,518,7742,398,3872,182,0912,001,6731,844,777
Total liabilities:2,686,1422,518,7742,398,3872,182,0912,001,6731,844,777
Equity
Equity, attributable to parent, including:1,086,832923,762871,815815,731745,449619,455
Common stock 232   231 
Additional paid in capital352,970350,452347,865347,222347,015297,692
Accumulated other comprehensive loss(94,617)(155,027)(131,516)(117,409)(134,918)(147,339)
Retained earnings828,247728,105655,234585,686533,121468,873
Other undisclosed equity, attributable to parent 232232232 229
Total equity:1,086,832923,762871,815815,731745,449619,455
TOTAL LIABILITIES AND EQUITY:3,772,9743,442,5363,270,2022,997,8222,747,1222,464,232

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues351,171314,367295,766256,944242,964216,961
Premiums earned, net 281,502257,046237,158 209,259
Cost of revenue(437,096)(31,118)(29,468)(28,782)(343,223)(26,302)
Policyholder benefits and claims incurred, net      
Deferred policy acquisition costs, amortization expense  (31,118)(29,468)(28,782) (26,302)
Gross profit:(85,925)283,249266,298228,162(100,259)190,659
Operating expenses(85,519)(83,744)(75,400)(63,104)(57,682)(53,084)
Other operating income (expense), net
(Other Expenses)
278(401)(417)(402)(200)(212)
Operating income (loss):(171,166)199,104190,481164,656(158,141)137,363
Interest and debt expense(2,434)(2,573)(2,724)(2,570)(1,978)(1,716)
Income (loss) from continuing operations before equity method investments, income taxes:(173,600)196,531187,757162,086(160,119)135,647
Other undisclosed income (loss) from continuing operations before income taxes303,621(101,038)(97,647)(93,693)244,269(95,547)
Income from continuing operations before income taxes:130,02195,49390,11068,39384,15040,100
Income tax expense(26,634)(19,378)(17,319)(12,593)(16,901)(7,116)
Income from continuing operations:103,38776,11572,79155,80067,24932,984
Income before gain (loss) on sale of properties:32,984
Net income available to common stockholders, diluted:103,38776,11572,79155,80067,24932,984

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income:103,38776,11572,79155,80067,24932,984
Comprehensive income:103,38776,11572,79155,80067,24932,984
Other undisclosed comprehensive income (loss), net of tax, attributable to parent60,410(23,511)(14,107)17,50912,421(46,652)
Comprehensive income (loss), net of tax, attributable to parent:163,79752,60458,68473,30979,670(13,668)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: