Kinsale Capital Group, Inc. (KNSL) financial statements (2023 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2942071791338251
Cash and cash equivalents12177100758251
Short-term investments1731307858  
Total current assets:2942071791338251
Noncurrent Assets
Property, plant and equipment494623   
Intangible assets, net (including goodwill)444444
Intangible assets, net (excluding goodwill)444444
Deferred income tax assets2  
Total noncurrent assets:555026444
Other undisclosed assets1,6771,290886637583560
TOTAL ASSETS:2,0261,5471,091773668614
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities     0
Taxes payable     0
Total current liabilities:     0
Noncurrent Liabilities
Liabilities, other than long-term debt 5    
Deferred income tax liabilities 5 
Total noncurrent liabilities: 5    
Other undisclosed liabilities1,326966685509430404
Total liabilities:1,326971685509430404
Stockholders' equity
Stockholders' equity attributable to parent, including:699576406264238210
Common stock00000 
Additional paid in capital295291229158155153
Accumulated other comprehensive income (loss)184114(1)93
Retained earnings3862431631077454
Other undisclosed stockholders' equity attributable to parent     0
Total stockholders' equity:699576406264238210
TOTAL LIABILITIES AND EQUITY:2,0261,5471,091773668614

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues640460316222187142
Premiums earned, net583413283213
Financial services revenue176134
Cost of revenue(300)(249)(157)(118)(94)(53)
Deferred policy acquisition costs, amortization expense(79)(58)(39)(29)(24)10
Gross profit:3392111591049289
Operating expenses(151)(110)(83)(64)(54)(49)
Other operating expense, net
(Other Expenses)
(2)(1)(0)(0)(0)(3)
Operating income:1879976403837
Interest and debt expense(1)(1)(0)  (1)
Income from continuing operations before equity method investments, income taxes:1869876403836
Other undisclosed income from continuing operations before income taxes320004
Income from continuing operations before income taxes:18910076403940
Income tax expense(36)(12)(13)(7)(14)(13)
Net income available to common stockholders, diluted:1538863342526

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:1538863342526
Comprehensive income:1538863342526
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(23)2815(5)6(1)
Comprehensive income, net of tax, attributable to parent:12911678283126

Statements sources

The financial statements are based on the company's filings with the 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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