Kinsale Capital Group, Inc. (KNSL)
Kinsale Capital Group, Inc. engages in the provision of property and casualty insurance products in the United States. The company’s commercial lines offerings include commercial property, excess casualty, general casualty, small business casualty, construction, allied health, small business property, products liability, entertainment, commercial auto, energy, excess professional, life sciences, inland marine, professional liability, environmental, health care, management liability, public entity, agribusiness casualty and property, aviation, ocean marine, and product recall insurance. Its personal lines offerings also include high value homeowners and personal insurance products. The company sells its insurance products in all 50 states, the District of Columbia, the Commonwealth of Puerto Rico, and the U.S. Virgin Islands primarily through a network of independent insurance brokers. Kinsale Capital Group, Inc. was founded in 2009 and is headquartered in Richmond, Virginia.
Sector: Fire, Marine & Casualty Insurance
Industry: Insurance - Property & Casualty
Kinsale Capital Group, Inc.
NYSE:KNSLFinancial Services · Insurance - Property & Casualty
-6.69%$364.49
AH Close$364.49+0.00%vs close
AH Close$364.49+0.00%vs close
Mkt Cap$8.2B
Float21.52M
O/S22.51M
Inst Own95.5%
SI10.9%
Div Yield0.25%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.87B
Net Income$503.61M
Total Assets$6.04B
Free Cash Flow$990.05M
Debt & Equity
Debt 10%
Equity 90%
Total Debt$224.4M
Total Equity$1.96B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in KNSL's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$6.04B
Liabilities$4.08B
Accounts Receivable$549.89M
Accounts Payable$100.69M
Inventory$0
PP&E (Net)$89.43M
Goodwill$0
Intangible Assets$122.28M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Revenue | $1.87B | $1.59B | $1.22B | $838.8M | $653.47M | $459.89M | $315.89M | $222.11M | $186.78M | $141.62M | $80.6M | $63.68M | $48.48M |
| YoY Growth | 18.0% | 29.7% | 46.0% | 28.4% | 42.1% | 45.6% | 42.2% | 18.9% | 31.9% | 75.7% | 26.6% | 31.3% | - |
| Cost of Revenue | $890.69M | $907.08M | $713.94M | $551.67M | $397.56M | $317.58M | $205.6M | $154.48M | $124.88M | $77.11M | $25.4M | $28.04M | $24.15M |
| Gross Profit | $983.3M | $680.44M | $510.51M | $287.13M | $255.91M | $142.31M | $110.29M | $67.64M | $61.89M | $64.51M | $55.2M | $35.64M | $24.33M |
| Gross Margin | 52.5% | 42.9% | 41.7% | 34.2% | 39.2% | 30.9% | 34.9% | 30.5% | 33.1% | 45.6% | 68.5% | 56.0% | 50.2% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other | $348.99M | $165.73M | $126.5M | $91.57M | $67.11M | $41.89M | $34.24M | $27.16M | $23.37M | $24.97M | $21.64M | $16.17M | $12.23M |
| Total Operating Expenses | $348.99M | $165.73M | $126.5M | $91.57M | $67.11M | $41.89M | $34.24M | $27.16M | $23.37M | $24.97M | $21.64M | $16.17M | $12.23M |
| Operating Income (EBIT) | $634.3M | $514.72M | $384.02M | $195.56M | $188.8M | $100.41M | $76.05M | $40.48M | $38.52M | $39.54M | $33.56M | $19.47M | $12.1M |
| Operating Margin | 33.8% | 32.4% | 31.4% | 23.3% | 28.9% | 21.8% | 24.1% | 18.2% | 20.6% | 27.9% | 41.6% | 30.6% | 25.0% |
| Interest Expense | $10.65M | $10.13M | $10.3M | $4.28M | $994K | $168K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $197.09M | $154.29M | $102.55M | $53.84M | $33.13M | $27.89M | $21.52M | $16.8M | $11.57M | $8.37M | $6.39M | $4.68M | $3.82M |
| Other Income (Expense) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $634.3M | $514.72M | $384.02M | $195.56M | $188.8M | $100.41M | $76.05M | $40.48M | $38.52M | $39.54M | $33.56M | $19.47M | $12.1M |
| Income Tax Expense | $130.69M | $99.87M | $75.92M | $36.45M | $36.14M | $11.99M | $12.73M | $6.69M | $13.62M | $13.37M | $11.28M | $6.5M | -$164K |
| Net Income | $503.61M | $414.84M | $308.09M | $159.11M | $152.66M | $88.42M | $63.32M | $33.79M | $24.9M | $26.17M | $22.27M | $12.97M | $12.27M |
| Net Income Margin | 26.9% | 26.1% | 25.2% | 19.0% | 23.4% | 19.2% | 20.0% | 15.2% | 13.3% | 18.5% | 27.6% | 20.4% | 25.3% |
| Supplementary Data | |||||||||||||
| EPS | 21.76 | 17.92 | 13.37 | 6.97 | 6.73 | 3.96 | 2.94 | 1.60 | 1.19 | 1.26 | 1.06 | 0.62 | 0.59 |
| Diluted EPS | 21.65 | 17.78 | 13.22 | 6.88 | 6.62 | 3.87 | 2.86 | 1.56 | 1.16 | 1.24 | 1.06 | 0.62 | 0.59 |
| Weighted Average OS | 23.14M | 23.15M | 23.05M | 22.82M | 22.69M | 22.32M | 21.53M | 21.09M | 20.99M | 20.84M | 20.97M | 20.97M | 20.97M |
| EBITDA | $650.78M | $530.65M | $397.59M | $202.57M | $192.1M | $102.16M | $76.73M | $41.11M | $39.04M | $40.17M | $34.2M | $20.04M | $12.55M |
| EBITDA Margin | 34.7% | 33.4% | 32.5% | 24.1% | 29.4% | 22.2% | 24.3% | 18.5% | 20.9% | 28.4% | 42.4% | 31.5% | 25.9% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Assets | ||||||||||||
| Current Assets | ||||||||||||
| Cash and Cash Equivalents | $163.36M | $113.21M | $126.69M | $156.27M | $121.04M | $77.09M | $100.41M | $75.09M | $81.75M | $50.75M | $24.54M | $23.96M |
| Short-Term Investments | $2.52B | $3.54B | $2.72B | $1.8B | $1.39B | $1.08B | $729.53M | $510.25M | $479.32M | $429.6M | $344.14M | $268.33M |
| Cash and Short-Term Investments | $2.68B | $3.65B | $2.84B | $1.96B | $1.51B | $1.16B | $829.94M | $585.34M | $561.07M | $480.35M | $368.69M | $292.29M |
| Accounts Receivable | $549.89M | $505.28M | $412.74M | $340.66M | $201.63M | $141.86M | $107.06M | $81.04M | $19.79M | $16.98M | $123.15M | $90.48M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | -$1.33B | -$953.12M | $923K | $0 | $0 | $0 | $0 |
| Total Current Assets | $3.27B | $4.21B | $3.31B | $2.34B | $1.75B | $0 | $0 | $667.3M | $580.86M | $67.74M | $491.83M | $382.77M |
| Long-Term Assets | ||||||||||||
| Property, Plant & Equipment Net | $89.43M | $82.92M | $63.4M | $53.48M | $49.3M | $46.19M | $22.63M | -$7.18M | -$2.49M | -$6.61M | $340.86M | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $122.28M | $112.8M | $91.93M | $65.13M | $45.51M | $0 | $0 | $3.54M | $3.54M | $3.54M | $3.54M | $3.54M |
| Long-Term Investments | $2.51B | $413.4M | $249.6M | $228.86M | $172.61M | $1.21B | $807.83M | $567.96M | $479.32M | $429.6M | $344.14M | $268.33M |
| Deferred Tax Assets | $42.19M | $60.22M | $55.7M | $56.98M | $2.11M | $0 | $0 | $7.18M | $2.49M | $6.61M | $6.82M | $0 |
| Other Long-Term Assets | $4.96M | $4.85M | $3.04M | $1.37M | $7.72M | -$1.26B | -$834M | -$465.74M | -$395.87M | $113.52M | -$347.68M | -$271.87M |
| Total Long-Term Assets | $2.77B | $674.19M | $463.68M | $405.82M | $277.24M | $0 | $0 | $105.76M | $86.99M | $546.65M | $347.68M | $271.87M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $1.55B | $1.09B | $0 | $0 | $0 | -$294.23M | -$217.03M |
| Total Assets | $6.04B | $4.89B | $3.77B | $2.75B | $2.03B | $1.55B | $1.09B | $773.06M | $667.85M | $614.39M | $545.28M | $437.6M |
| Liabilities | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts Payable | $100.69M | $99.12M | $92.5M | $63.38M | $39.36M | $26.32M | $19.52M | $11.65M | $9.74M | $12.84M | $11.24M | $10.13M |
| Short-Term Debt | $51M | $11M | $0 | $0 | $42.7M | $42.57M | $16.74M | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $3.2M | $0 | $0 | $0 | $0 | $0 | $0 | $100K | $0 | $0 |
| Current Unearned Revenue | $860.39M | $828.45M | $701.35M | $499.68M | $347.73M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $2.89B | $2.29B | $1.69B | $1.24B | $881.34M | -$68.89M | -$36.26M | -$11.65M | -$9.74M | -$12.84M | -$11.24M | -$10.13M |
| Total Current Liabilities | $3.9B | $3.22B | $2.49B | $1.8B | $1.31B | $0 | $0 | $11.65M | $9.74M | $12.84M | $11.24M | $10.13M |
| Long-Term Liabilities | ||||||||||||
| Long-Term Debt | $173.4M | $173.12M | $183.85M | $195.75M | $42.7M | $0 | $0 | $0 | $0 | $0 | $29.6M | $27.48M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $4.65M | $0 | $6.65M | $9.32M | $5.73M | $0 | $0 |
| Other Long-Term Liabilities | $7.63M | $5.79M | $15.57M | $4.46M | -$27.51M | -$4.65M | $0 | $0 | $0 | $0 | -$29.6M | -$27.48M |
| Total Long-Term Liabilities | $181.03M | $178.91M | $199.41M | $200.21M | $15.19M | $0 | $0 | $7.18M | $2.49M | $6.61M | $29.6M | $27.48M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $970.66M | $684.67M | $490.25M | $417.42M | $384.73M | $390.98M | $307.4M |
| Total Liabilities | $4.08B | $3.4B | $2.69B | $2B | $1.33B | $970.66M | $684.67M | $509.08M | $429.66M | $404.18M | $431.83M | $345.02M |
| Stockholders' Equity | ||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $234K | $233K | $232K | $231K | $228K | $228K | $222K | $212K | $210K | $210K | $1K | $1K |
| Retained Earnings | $1.72B | $1.23B | $828.25M | $533.12M | $385.94M | $243.31M | $162.91M | $106.55M | $73.5M | $53.64M | $29.57M | $7.3M |
| Comprehensive Income & Other | -$30.69M | -$97.21M | -$94.62M | -$134.92M | $18.13M | $41.38M | $13.52M | -$1.26M | $9.39M | $3.01M | $3.65M | $5.21M |
| Other Stockholders' Equity | $242.4M | $254.19M | $258.35M | $212.1M | $313.17M | $332.69M | $242.75M | $157.23M | $164.48M | $156.36M | $83.88M | $85.29M |
| Total Equity | $1.96B | $1.48B | $1.09B | $745.45M | $699.34M | $576.24M | $405.88M | $263.99M | $238.19M | $210.21M | $113.45M | $92.59M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $6.04B | $4.89B | $3.77B | $2.75B | $2.03B | $1.55B | $1.09B | $773.06M | $667.85M | $614.39M | $545.28M | $437.6M |
| Supplementary Data | ||||||||||||
| Total Debt | $224.4M | $184.12M | $183.85M | $195.75M | $85.39M | $42.57M | $16.74M | $0 | $0 | $0 | $29.6M | $27.48M |
| Net Debt | $61.04M | $70.91M | $57.15M | $39.47M | -$35.65M | -$34.52M | -$83.66M | -$75.09M | -$81.75M | -$50.75M | $5.06M | $3.53M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Operating Activities | |||||||||||||
| Net Income | $503.61M | $414.84M | $308.09M | $159.11M | $152.66M | $88.42M | $63.32M | $33.79M | $24.9M | $26.17M | $22.27M | $12.97M | $12.27M |
| Depreciation & Amortization | $5.83M | $5.8M | $3.27M | $2.72M | $2.31M | $1.57M | $682K | $631K | $515K | $636K | $642K | $570K | $448K |
| Deferred Income Tax | $343K | -$3.83M | -$9.43M | -$14.19M | -$576K | $616K | -$125K | -$3.23M | $1.06M | $561K | -$879K | -$2.23M | -$4M |
| Stock-Based Compensation | $17.88M | $14.15M | $9.36M | $6.68M | $4.84M | $3.58M | $2.74M | $1.6M | $652K | $492K | $65K | $58K | $55K |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | $0 | $3.19M | -$37.46M | -$34.75M | -$22.36M | -$14.16M | -$10.23M | -$4.47M | -$2.8M | -$1.43M | -$1.32M | -$957K | -$5.82M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $8.11M | $10.1M | $3.09M | $2.97M | $464K | -$2.3M | $1.34M | $2.51M | $1.64M | $1.6M |
| Other Working Capital | $579.29M | $592.88M | $607.12M | $403.23M | $285.71M | $217.25M | $131.75M | $68.92M | $55.52M | $46.15M | $55.48M | $68.22M | $57.26M |
| Total Working Capital Change | $579.29M | $596.06M | $569.67M | $376.6M | $273.45M | $206.18M | $124.49M | $64.92M | $50.42M | $46.06M | $56.66M | $68.9M | $53.04M |
| Other Non-Cash Items | -$63.22M | -$50.72M | -$21.13M | $26.9M | -$25.64M | -$20.39M | -$12.75M | $6.27M | -$151K | -$176K | -$59K | -$201K | -$8K |
| Net Cash from Operating | $1.04B | $976.3M | $859.84M | $557.82M | $407.04M | $279.97M | $178.36M | $103.98M | $77.4M | $73.74M | $78.7M | $80.07M | $61.8M |
| Investing Activities | |||||||||||||
| Capital Expenditures | -$53.69M | -$23.94M | -$6.61M | -$6.9M | -$5.92M | -$32.88M | -$19.62M | -$1.27M | -$179K | -$565K | -$231K | -$1.06M | -$215K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$2.49B | -$1.71B | -$1.4B | -$803.55M | -$679.79M | -$567.55M | -$336.09M | -$207.65M | -$143.19M | -$152.01M | -$128.58M | -$99.49M | -$88.81M |
| Sales of Investments | $0 | $778.15M | $489.45M | $178.5M | $333.75M | $215.92M | $124.92M | $102.38M | $100.94M | $64.44M | $48.76M | $17.98M | $15.08M |
| Other Investing Activities | $1.63B | -$312K | $59.92M | -$76.62M | $0 | $5.08M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$922.21M | -$960.13M | -$860.89M | -$708.57M | -$351.95M | -$379.43M | -$230.79M | -$106.54M | -$42.43M | -$88.14M | -$80.05M | -$82.57M | -$73.94M |
| Financing Activities | |||||||||||||
| Debt Repaid | -$40M | - | $12M | -$155M | - | -$25.7M | -$17.3M | - | $9K | $30.13M | -$1.87M | -$10.38M | -$13.21M |
| Common Stock Issuance | $681K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$90M | -$17.05M | -$4.28M | -$3.29M | -$2.1M | -$1.8M | -$617K | $0 | $0 | $0 | $0 | $0 | -$107K |
| Dividends Paid | -$15.78M | -$13.94M | -$12.95M | -$11.93M | -$10.02M | -$8.07M | -$6.93M | -$5.91M | -$5.04M | -$2.1M | $0 | $0 | $0 |
| Other Financing Activities | -$6.28M | $1.33M | $713K | $46.21M | $982K | $60.32M | $68M | $1.81M | $1.08M | $72.84M | $60K | -$133K | -$459K |
| Net Cash from Financing | -$71.38M | -$29.66M | -$28.52M | $185.99M | -$11.14M | $76.14M | $77.75M | -$4.1M | -$3.97M | $40.61M | $1.93M | $10.24M | $12.64M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $50.15M | -$13.48M | -$29.58M | $35.23M | $43.95M | -$23.32M | $25.32M | -$6.66M | $31M | $26.21M | $586K | $7.74M | $497K |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | $1.04B | $976.3M | $859.84M | $557.82M | $407.04M | $279.97M | $178.36M | $103.98M | $77.4M | $73.74M | $78.7M | $80.07M | $61.8M |
| Capital Expenditure | -$53.69M | -$23.94M | -$6.61M | -$6.9M | -$5.92M | -$32.88M | -$19.62M | -$1.27M | -$179K | -$565K | -$231K | -$1.06M | -$215K |
| Free Cash Flow | $990.05M | $952.36M | $853.23M | $550.91M | $401.12M | $247.1M | $158.74M | $102.71M | $77.22M | $73.18M | $78.47M | $79.01M | $61.58M |
| Cash at Beginning | $113.21M | $126.69M | $156.27M | $121.04M | $77.09M | $100.41M | $75.09M | $81.75M | $50.75M | $24.54M | $23.96M | $16.22M | $15.72M |
| Cash at End | $163.36M | $113.21M | $126.69M | $156.27M | $121.04M | $77.09M | $100.41M | $75.09M | $81.75M | $50.75M | $24.54M | $23.96M | $16.22M |