What is Kinsale Capital Group's operating income?

Kinsale Capital Group's total operating income in 2025 was $644.95 million, based on the following breakdown: Total Gross Profit: $983.29 million Total Operating Expenses: $338.35 million

Kinsale Capital Group (KNSL) Financials

$370.19 +8.64 (+2.39%)

Closing price 07/28/2026 03:59 PM Eastern

Extended Trading

$369.95 -0.24 (-0.07%)

As of 04:00 AM Eastern

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Annual Income Statements for Kinsale Capital Group

This table shows Kinsale Capital Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	22	26	25	34	63	88	153	159	308	415	504
Consolidated Net Income / (Loss)	22	26	25	34	63	88	153	159	308	415	504
Net Income / (Loss) Continuing Operations	22	26	25	34	63	88	153	159	308	415	504
Total Pre-Tax Income	34	40	39	40	76	100	189	196	384	515	634
Total Operating Income	34	40	39	40	76	101	190	200	394	525	645
Total Gross Profit	81	142	187	222	316	460	653	381	624	815	983
Total Revenue	81	142	187	222	316	460	653	839	1,224	1,588	1,874
Operating Revenue	81	141	187	222	316	460	653	839	1,225	1,587	1,874
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	458	600	773	891
Operating Cost of Revenue	-	-	-	-	-	-	-	458	600	773	891
Total Operating Expenses	47	102	148	182	240	359	464	181	230	290	338
Selling, General & Admin Expense	1.99	2.57	0.43	0.17	0.06	1.21	0.67	0.72	0.94	3.97	1.65
Other Operating Expenses / (Income)	45	100	148	181	240	358	463	180	229	286	337
Total Other Income / (Expense), net	0.06	0.00	0.00	0.00	0.00	-0.17	-0.99	-4.28	-10	-10	-11
Interest Expense	-	-	-	-	-	0.17	0.99	4.28	10	10	11
Income Tax Expense	11	13	14	6.69	13	12	36	36	76	100	131
Basic Earnings per Share	$2.37	$2.03	$1.19	$1.60	$2.94	$3.96	$6.73	$6.97	$13.37	$17.92	$21.76
Weighted Average Basic Shares Outstanding	15.21M	36.26M	20.99M	21.09M	21.53M	22.32M	22.69M	22.82M	23.05M	23.15M	23.14M
Diluted Earnings per Share	$2.34	$0.00	$1.16	$1.56	$2.86	$3.87	$6.62	$6.88	$13.22	$17.78	$21.65
Weighted Average Diluted Shares Outstanding	15.25M	0.00	21.50M	21.69M	22.14M	22.85M	23.06M	23.13M	23.31M	23.33M	23.26M
Weighted Average Basic & Diluted Shares Outstanding	-	45.90M	20.99M	21.09M	22.23M	22.77M	22.84M	23.10M	23.19M	23.28M	23.15M
Cash Dividends to Common per Share	-	-	-	$0.28	$0.32	$0.36	$0.44	$0.52	$0.56	$0.60	$0.68

This table shows Kinsale Capital Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	103	99	93	114	109	89	134	142	139	113	176
Consolidated Net Income / (Loss)	103	99	93	114	109	89	134	142	139	113	176
Net Income / (Loss) Continuing Operations	103	99	93	114	109	89	134	142	139	113	176
Total Pre-Tax Income	130	116	116	144	139	112	168	179	175	140	220
Total Operating Income	132	118	118	147	141	115	171	181	178	143	223
Total Gross Profit	193	186	191	218	220	190	252	270	270	232	318
Total Revenue	351	373	385	418	412	423	470	498	483	467	549
Operating Revenue	351	373	384	418	412	423	470	498	483	467	549
Total Cost of Revenue	159	187	193	200	193	233	217	227	213	235	231
Operating Cost of Revenue	159	187	193	200	193	233	217	227	213	235	231
Total Operating Expenses	60	68	73	71	78	76	82	89	92	89	94
Selling, General & Admin Expense	-0.28	1.96	0.80	0.69	0.52	0.66	0.01	0.47	0.51	0.53	1.30
Other Operating Expenses / (Income)	60	66	72	70	78	75	82	88	92	88	93
Total Other Income / (Expense), net	-2.43	-2.42	-2.56	-2.59	-2.56	-2.54	-2.56	-2.57	-2.98	-3.17	-3.32
Interest Expense	2.43	2.42	2.56	2.59	2.56	2.54	2.56	2.57	2.98	3.17	3.32
Income Tax Expense	27	17	23	30	30	23	34	37	36	27	44
Basic Earnings per Share	$4.48	$4.28	$4.00	$4.93	$4.71	$3.85	$5.79	$6.12	$6.00	$4.90	$7.73
Weighted Average Basic Shares Outstanding	23.05M	23.11M	23.17M	23.18M	23.15M	23.17M	23.18M	23.16M	23.14M	22.98M	22.76M
Diluted Earnings per Share	$4.44	$4.24	$3.97	$4.90	$4.67	$3.83	$5.76	$6.09	$5.97	$4.88	$7.72
Weighted Average Diluted Shares Outstanding	23.31M	23.34M	23.33M	23.34M	23.33M	23.31M	23.29M	23.27M	23.26M	23.06M	22.79M
Weighted Average Basic & Diluted Shares Outstanding	23.19M	23.28M	23.29M	23.29M	23.28M	23.31M	23.30M	23.26M	23.15M	23.06M	22.78M

This table details how cash moves in and out of Kinsale Capital Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	0.59	26	31	-6.66	25	-23	44	35	-30	-13	50
Net Cash From Operating Activities	79	74	77	104	178	280	407	558	860	976	1,044
Net Cash From Continuing Operating Activities	79	74	77	104	178	280	407	558	860	976	1,044
Net Income / (Loss) Continuing Operations	22	26	25	34	63	88	153	159	308	415	504
Consolidated Net Income / (Loss)	22	26	25	34	63	88	153	159	308	415	504
Depreciation Expense	0.64	0.64	0.52	0.63	0.68	1.57	2.31	2.72	3.27	5.80	5.83
Non-Cash Adjustments To Reconcile Net Income	-1.53	61	2.26	20	25	17	6.84	53	124	-5.87	-59
Changes in Operating Assets and Liabilities, net	57	-14	50	50	90	173	245	343	425	562	594
Net Cash From Investing Activities	-80	-88	-42	-107	-231	-379	-352	-709	-861	-960	-922
Net Cash From Continuing Investing Activities	-80	-88	-42	-107	-231	-379	-352	-709	-861	-960	-922
Purchase of Property, Plant & Equipment	-0.23	-0.57	-0.18	-1.27	-20	-33	-5.92	-6.90	-6.61	-24	-54
Purchase of Investments	-127	-152	-143	-208	-336	-568	-680	-840	-1,406	-1,714	-2,677
Sale and/or Maturity of Investments	47	64	101	102	125	216	334	138	489	778	1,809
Other Investing Activities, net	-	-	-	-	-	-	0.00	0.00	62	0.00	0.00
Net Cash From Financing Activities	1.93	41	-3.97	-4.10	78	76	-11	186	-29	-30	-71
Net Cash From Continuing Financing Activities	1.93	41	-3.97	-4.10	78	76	-11	186	-29	-30	-71
Repayment of Debt	-0.16	-30	-0.01	0.00	-0.63	0.00	0.00	-45	-62	0.00	0.00
Repurchase of Common Equity	-	-	-	-	-	-	-	0.00	0.00	-10	-90
Payment of Dividends	0.00	-2.10	-5.04	-5.91	-6.93	-8.07	-10	-12	-13	-14	-16
Issuance of Debt	2.00	-	0.00	0.00	17	26	0.00	198	50	0.00	40
Other Financing Activities, net	0.00	0.00	1.08	1.81	2.13	1.82	-1.12	-2.20	-3.41	-5.72	-5.60
Cash Income Taxes Paid	-	-	-	-	-	-	-	-	85	104	130

This table details how cash moves in and out of Kinsale Capital Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	612	-201	-244	-333	765	-201	-273	-271	796	-189	-255
Net Cash From Operating Activities	212	210	279	274	213	230	269	303	241	249	242
Net Cash From Investing Activities	-245	-193	-240	-330	-198	-181	-259	-263	-219	-114	-149
Net Cash From Continuing Investing Activities	-245	-193	-240	-330	-198	-181	-259	-263	-219	-114	-149
Purchase of Property, Plant & Equipment	-1.11	-3.51	-3.82	-5.83	-11	-12	-17	-14	-11	-7.55	-2.79
Purchase of Investments	-394	-347	-497	-536	-334	-447	-652	-835	-778	-391	-487
Sale and/or Maturity of Investments	151	158	261	212	147	263	425	587	569	284	341
Net Cash From Financing Activities	-3.25	-8.41	-4.39	-3.43	-13	-20	-14	-8.81	-29	-75	-106
Net Cash From Continuing Financing Activities	-3.25	-8.41	-4.39	-3.43	-13	-20	-14	-8.81	-29	-75	-106
Repurchase of Common Equity	-	0.00	-	-	-	-10.00	-10	-20	-50	-63	-101
Payment of Dividends	-3.23	-3.50	-3.49	-3.48	-3.48	-3.99	-3.94	-3.94	-3.91	-5.81	-5.66
Other Financing Activities, net	0.10	-4.91	-0.90	0.05	0.05	-6.01	0.21	0.13	0.08	-6.22	0.64

This table presents Kinsale Capital Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	545	614	668	773	1,091	1,547	2,026	2,747	3,773	4,887	6,044
Total Current Assets	26	53	85	79	178	177	252	391	396	478	713
Cash & Equivalents	25	51	82	75	100	77	-	-	-	-	163
Accounts Receivable	-	-	-	-	-	-	-	-	-	-	125
Other Current Assets	1.84	2.29	3.08	3.78	77	100	131	235	270	365	425
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	519	561	583	694	913	1,370	1,774	2,356	3,377	4,408	5,330
Long-Term Investments	344	430	479	568	808	1,211	1,565	2,030	2,967	3,955	5,027
Intangible Assets	3.54	3.54	3.54	3.54	3.54	3.54	3.54	3.54	3.54	3.54	3.54
Noncurrent Deferred & Refundable Income Taxes	6.82	6.61	2.49	7.18	3.37	0.00	2.11	57	56	60	42
Other Noncurrent Operating Assets	164	122	98	116	98	155	133	265	351	390	258
Total Liabilities & Shareholders' Equity	545	614	668	773	1,091	1,547	2,026	2,747	3,773	4,887	6,044
Total Liabilities	432	404	430	509	685	971	1,326	2,002	2,686	3,403	4,084
Total Current Liabilities	313	367	429	509	667	923	1,268	1,801	2,487	3,213	3,852
Accounts Payable	7.41	8.75	6.52	7.09	12	14	23	31	45	55	66
Customer Deposits	220	265	316	369	460	636	881	1,238	1,693	2,286	2,891
Current Deferred Revenue	82	89	103	128	187	261	348	500	701	828	860
Other Current Liabilities	3.83	4.09	3.23	4.57	7.15	13	16	32	48	44	34
Total Noncurrent Liabilities	119	37	1.09	0.02	18	47	58	200	199	190	232
Long-Term Debt	30	-	-	0.00	17	43	43	196	184	184	224
Other Noncurrent Operating Liabilities	90	37	1.09	0.02	0.98	0.12	15	4.46	16	5.79	7.63
Total Equity & Noncontrolling Interests	113	210	238	264	406	576	699	745	1,087	1,484	1,960
Total Preferred & Common Equity	113	210	238	264	406	576	699	745	1,087	1,484	1,960
Total Common Equity	113	210	238	264	406	576	699	745	1,087	1,484	1,960
Common Stock	80	154	155	159	229	292	295	347	353	362	374
Retained Earnings	30	54	74	107	163	243	386	533	828	1,229	1,717
Treasury Stock	-	-	-	-	-	-	-	-	0.00	-10	-101
Accumulated Other Comprehensive Income / (Loss)	3.65	3.01	9.40	-1.26	14	41	18	-135	-95	-97	-31

This table presents Kinsale Capital Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	2,998	3,270	3,443	4,031	4,395	4,732	5,215	5,557	5,833	6,215	6,429
Total Current Assets	693	2,355	576	589	670	591	692	725	716	795	807
Cash & Equivalents	159	125	163	136	171	112	142	138	170	223	211
Accounts Receivable	129	-	124	159	172	135	149	168	124	129	148
Other Current Assets	234	-	260	294	327	345	401	418	422	443	449
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	2,279	915	2,867	3,442	3,725	4,141	4,523	4,832	5,117	5,420	5,622
Long-Term Investments	2,048	216	2,587	3,161	3,412	3,848	4,203	4,481	4,768	5,102	5,298
Intangible Assets	3.54	3.54	3.54	3.54	3.54	3.54	3.54	3.54	3.54	3.54	3.54
Noncurrent Deferred & Refundable Income Taxes	53	58	69	56	57	35	50	45	37	54	46
Other Noncurrent Operating Assets	174	432	207	222	252	255	266	302	309	261	274
Total Liabilities & Shareholders' Equity	2,998	3,270	3,443	4,031	4,395	4,732	5,215	5,557	5,833	6,215	6,429
Total Liabilities	2,182	2,398	2,519	2,860	3,138	3,297	3,632	3,834	3,968	4,248	4,394
Total Current Liabilities	1,964	1,520	2,334	2,656	2,935	3,088	3,384	3,625	3,760	3,975	4,153
Accounts Payable	13	22	33	16	27	40	23	38	51	22	37
Customer Deposits	1,354	-	1,565	1,845	2,013	2,161	2,471	2,624	2,765	3,063	3,193
Current Deferred Revenue	564	-	690	747	847	845	846	921	910	856	892
Other Current Liabilities	33	1,498	46	48	48	43	45	42	35	33	32
Total Noncurrent Liabilities	219	878	185	204	203	209	248	209	208	273	241
Long-Term Debt	196	196	184	184	184	184	184	184	199	224	225
Other Noncurrent Operating Liabilities	23	682	1.13	20	19	25	64	25	8.36	49	16
Total Equity & Noncontrolling Interests	816	872	924	1,171	1,257	1,435	1,583	1,723	1,865	1,967	2,035
Total Preferred & Common Equity	816	872	924	1,171	1,257	1,435	1,583	1,723	1,865	1,967	2,035
Total Common Equity	816	872	924	1,171	1,257	1,435	1,583	1,723	1,865	1,967	2,035
Common Stock	347	348	351	352	355	358	359	364	369	373	380
Retained Earnings	586	655	728	924	1,013	1,124	1,314	1,445	1,582	1,824	1,994
Treasury Stock	-	-	-	-	-	-	-20	-30	-50	-163	-264
Accumulated Other Comprehensive Income / (Loss)	-117	-132	-155	-105	-110	-47	-71	-56	-36	-66	-74

This table displays calculated financial ratios and metrics derived from Kinsale Capital Group's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	26.97%	75.71%	31.89%	18.92%	42.22%	45.59%	42.09%	28.36%	45.98%	29.65%	18.04%
EBITDA Growth	69.89%	17.26%	-2.83%	5.32%	86.65%	33.13%	88.05%	5.45%	96.27%	33.47%	22.64%
EBIT Growth	71.55%	17.61%	-2.57%	5.09%	87.87%	32.25%	88.70%	5.30%	97.31%	33.10%	22.88%
NOPAT Growth	73.48%	17.48%	-4.84%	35.69%	87.40%	39.88%	73.27%	5.95%	94.56%	33.71%	21.05%
Net Income Growth	71.69%	17.48%	-4.84%	35.69%	87.40%	39.65%	72.65%	4.23%	93.63%	34.65%	21.40%
EPS Growth	148.94%	-100.00%	0.00%	34.48%	83.33%	35.31%	71.06%	3.93%	92.15%	34.49%	21.77%
Operating Cash Flow Growth	-1.71%	-6.30%	4.96%	34.34%	71.53%	56.97%	45.39%	37.04%	54.14%	13.55%	6.91%
Free Cash Flow Firm Growth	0.00%	-71.49%	9.87%	15.87%	88.80%	60.55%	56.73%	8.63%	92.54%	11.89%	11.79%
Invested Capital Growth	0.00%	-19.72%	-19.53%	-17.40%	-28.11%	-37.92%	-40.90%	-31.97%	-46.38%	-31.67%	-25.25%
Revenue Q/Q Growth	0.00%	0.00%	5.89%	2.85%	12.82%	11.26%	-13.53%	34.56%	8.76%	3.99%	3.95%
EBITDA Q/Q Growth	0.00%	0.00%	3.83%	-11.77%	28.66%	29.12%	-61.60%	231.72%	14.25%	2.82%	6.97%
EBIT Q/Q Growth	0.00%	0.00%	2.46%	-13.13%	27.52%	27.13%	-62.06%	229.95%	13.31%	1.70%	6.02%
NOPAT Q/Q Growth	0.00%	0.00%	-3.66%	-4.19%	26.86%	30.07%	-63.08%	229.34%	13.04%	1.39%	6.20%
Net Income Q/Q Growth	0.00%	0.00%	-3.66%	-4.19%	26.86%	29.85%	7.11%	13.50%	13.29%	1.39%	6.23%
EPS Q/Q Growth	0.00%	0.00%	248.72%	-4.29%	25.99%	29.43%	6.77%	13.34%	13.18%	1.31%	6.39%
Operating Cash Flow Q/Q Growth	0.00%	-45.50%	-5.25%	13.94%	23.28%	5.37%	8.43%	-0.72%	14.73%	0.15%	2.80%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	2.55%	20.27%	63.19%	-33.41%	62.32%	19.70%	-7.90%	10.08%
Invested Capital Q/Q Growth	0.00%	0.00%	0.29%	-0.74%	-3.85%	-18.20%	-19.03%	-3.39%	-9.06%	-2.56%	-4.61%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	45.41%	50.98%	51.31%	52.47%
EBITDA Margin	42.51%	28.37%	20.90%	18.51%	24.29%	22.21%	29.40%	24.15%	32.47%	33.43%	34.73%
Operating Margin	41.64%	27.92%	20.62%	18.22%	24.08%	21.87%	29.04%	23.83%	32.20%	33.06%	34.42%
EBIT Margin	41.71%	27.92%	20.62%	18.22%	24.08%	21.87%	29.04%	23.83%	32.20%	33.06%	34.42%
Profit (Net Income) Margin	27.64%	18.48%	13.33%	15.21%	20.04%	19.23%	23.36%	18.97%	25.16%	26.13%	26.87%
Tax Burden Percent	66.37%	66.19%	64.64%	83.47%	83.25%	88.06%	80.86%	81.36%	80.23%	80.60%	79.40%
Interest Burden Percent	99.82%	100.00%	100.00%	100.00%	100.00%	99.83%	99.48%	97.86%	97.39%	98.07%	98.35%
Effective Tax Rate	33.63%	33.81%	35.36%	16.53%	16.75%	11.94%	19.14%	18.64%	19.77%	19.40%	20.60%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	19.63%	16.17%	11.11%	13.46%	18.90%	18.01%	23.94%	22.03%	33.63%	32.28%	29.25%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	6.16%	6.82%	6.01%	5.62%	8.16%	7.63%	10.63%	8.37%	12.10%	12.12%	11.80%
Return on Assets (ROA)	4.08%	4.51%	3.88%	4.69%	6.80%	6.70%	8.55%	6.67%	9.45%	9.58%	9.22%
Return on Common Equity (ROCE)	19.63%	16.17%	11.11%	13.46%	18.90%	18.01%	23.94%	22.03%	33.63%	32.28%	29.25%
Return on Equity Simple (ROE_SIMPLE)	19.63%	12.45%	10.45%	12.80%	15.60%	15.34%	21.83%	21.34%	28.35%	27.96%	0.00%
Net Operating Profit after Tax (NOPAT)	22	26	25	34	63	89	153	163	316	423	512
NOPAT Margin	27.64%	18.48%	13.33%	15.21%	20.04%	19.26%	23.48%	19.38%	25.84%	26.65%	27.33%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	-0.01%	-0.06%	-0.19%	-0.34%	-0.24%	-0.19%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	17.28%	24.90%	25.37%	23.45%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	54.59%	49.02%	48.69%	47.53%
SG&A Expenses to Revenue	2.47%	1.81%	0.23%	0.08%	0.02%	0.26%	0.10%	0.09%	0.08%	0.25%	0.09%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	58.36%	72.08%	79.38%	81.78%	75.92%	78.13%	70.96%	21.58%	18.78%	18.25%	18.05%
Earnings before Interest and Taxes (EBIT)	34	40	39	40	76	101	190	200	394	525	645
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	34	40	39	41	77	102	192	203	398	531	651
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	3.31	3.90	4.41	5.50	7.82	7.73	8.02	7.13	7.30	4.64
Price to Tangible Book Value (P/TBV)	0.00	3.37	3.96	4.47	5.55	7.87	7.77	8.06	7.16	7.32	4.65
Price to Revenue (P/Rev)	0.00	4.91	4.98	5.24	7.07	9.80	8.27	7.13	6.33	6.82	4.86
Price to Earnings (P/E)	0.00	26.60	37.33	34.46	35.26	50.98	35.40	37.57	25.16	26.11	18.07
Dividend Yield	0.00%	0.30%	0.54%	0.51%	0.32%	0.18%	0.19%	0.20%	0.17%	0.13%	0.17%
Earnings Yield	0.00%	3.76%	2.68%	2.90%	2.84%	1.96%	2.82%	2.66%	3.97%	3.83%	5.54%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	1.52	1.97	2.35	4.25	7.09	5.76	4.75	3.95	4.38	2.21
Enterprise Value to EBITDA (EV/EBITDA)	0.00	5.37	9.44	12.68	17.48	31.92	19.58	19.68	12.18	13.09	6.35
Enterprise Value to EBIT (EV/EBIT)	0.00	5.45	9.57	12.88	17.63	32.42	19.82	19.95	12.28	13.24	6.41
Enterprise Value to NOPAT (EV/NOPAT)	0.00	8.24	14.80	15.43	21.18	36.82	24.51	24.52	15.30	16.43	8.07
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	2.92	4.76	5.01	7.52	11.65	9.24	7.15	5.63	7.12	3.96
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	3.05	4.75	5.80	7.89	11.96	8.80	8.59	5.42	6.95	3.70
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.26	0.00	0.00	0.00	0.04	0.07	0.06	0.26	0.17	0.12	0.11
Long-Term Debt to Equity	0.26	0.00	0.00	0.00	0.04	0.07	0.06	0.26	0.17	0.12	0.11
Financial Leverage	-2.99	-2.53	-2.32	-2.40	-2.29	-2.18	-2.26	-2.52	-2.67	-2.64	-2.57
Leverage Ratio	4.81	3.58	2.86	2.87	2.78	2.69	2.80	3.30	3.56	3.37	3.17
Compound Leverage Factor	4.80	3.58	2.86	2.87	2.78	2.68	2.79	3.23	3.47	3.30	3.12
Debt to Total Capital	20.69%	0.00%	0.00%	0.00%	3.96%	6.88%	5.75%	20.80%	14.47%	11.04%	10.27%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	20.69%	0.00%	0.00%	0.00%	3.96%	6.88%	5.75%	20.80%	14.47%	11.04%	10.27%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	79.31%	100.00%	100.00%	100.00%	96.04%	93.12%	94.25%	79.20%	85.53%	88.96%	89.73%
Debt to EBITDA	0.86	0.00	0.00	0.00	0.22	0.42	0.22	0.97	0.46	0.35	0.34
Net Debt to EBITDA	-9.90	0.00	0.00	0.00	-11.62	-12.20	-8.55	-9.83	-7.32	-7.32	-7.63
Long-Term Debt to EBITDA	0.86	0.00	0.00	0.00	0.22	0.42	0.22	0.97	0.46	0.35	0.34
Debt to NOPAT	1.33	0.00	0.00	0.00	0.26	0.48	0.28	1.20	0.58	0.44	0.44
Net Debt to NOPAT	-15.22	0.00	0.00	0.00	-14.08	-14.07	-10.71	-12.24	-9.20	-9.18	-9.70
Long-Term Debt to NOPAT	1.33	0.00	0.00	0.00	0.26	0.48	0.28	1.20	0.58	0.44	0.44
Altman Z-Score	0.00	0.99	1.30	1.36	2.15	2.94	2.74	1.99	2.04	2.27	1.75
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.08	0.14	0.20	0.15	0.27	0.19	0.20	0.22	0.16	0.15	0.15
Quick Ratio	0.08	0.14	0.19	0.15	0.15	0.08	0.00	0.00	0.00	0.00	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	248	71	78	90	170	273	427	464	894	1,000	1,118
Operating Cash Flow to CapEx	34,070.13%	13,051.50%	43,239.11%	8,168.11%	908.96%	1,007.17%	6,875.71%	8,083.10%	13,014.00%	4,077.61%	1,944.19%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	1,623.24	429.98	108.38	86.78	98.70	105.03
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	1,666.51	409.50	130.21	83.47	96.34	98.04
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	1,501.05	403.54	128.60	82.83	93.98	93.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.15	0.24	0.29	0.31	0.34	0.35	0.37	0.35	0.38	0.37	0.34
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	16.77	15.74	15.45	14.67
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	21.77	23.19	23.63	24.89
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-21.77	-23.19	-23.63	-24.89
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-226	-270	-323	-379	-486	-670	-944	-1,245	-1,823	-2,400	-3,006
Invested Capital Turnover	-0.71	-0.57	-0.63	-0.63	-0.73	-0.80	-0.81	-0.77	-0.80	-0.75	-0.69
Increase / (Decrease) in Invested Capital	-226	-45	-53	-56	-107	-184	-274	-302	-578	-577	-606
Enterprise Value (EV)	0.00	216	369	521	1,341	3,261	3,761	3,987	4,841	6,948	4,133
Market Capitalization	0.00	696	930	1,164	2,232	4,507	5,404	5,978	7,751	10,832	9,099
Book Value per Share	$7.46	$10.03	$11.33	$12.44	$18.32	$25.41	$30.65	$32.52	$46.90	$63.71	$84.23
Tangible Book Value per Share	$7.23	$9.86	$11.16	$12.27	$18.16	$25.25	$30.49	$32.36	$46.75	$63.55	$84.08
Total Capital	143	210	238	264	423	619	742	941	1,271	1,668	2,184
Total Debt	30	0.00	0.00	0.00	17	43	43	196	184	184	224
Total Long-Term Debt	30	0.00	0.00	0.00	17	43	43	196	184	184	224
Net Debt	-339	-480	-561	-643	-891	-1,246	-1,643	-1,991	-2,910	-3,884	-4,966
Capital Expenditures (CapEx)	0.23	0.57	0.18	1.27	20	28	5.92	6.90	6.61	24	54
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-311	-365	-425	-505	-590	-823	-1,138	-1,567	-2,217	-2,848	-3,427
Debt-free Net Working Capital (DFNWC)	-286	-314	-344	-430	-489	-746	-1,017	-1,410	-2,091	-2,735	-3,263
Net Working Capital (NWC)	-286	-314	-344	-430	-489	-746	-1,017	-1,410	-2,091	-2,735	-3,263
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.15	0.80	3.49	8.26	8.17	8.45
Net Nonoperating Obligations (NNO)	-339	-480	-561	-643	-891	-1,246	-1,643	-1,991	-2,910	-3,884	-4,966
Total Depreciation and Amortization (D&A)	0.64	0.64	0.52	0.63	0.68	1.57	2.31	2.72	3.27	5.80	5.83
Debt-free, Cash-free Net Working Capital to Revenue	-385.55%	-257.53%	-227.81%	-227.48%	-186.66%	-179.06%	-174.12%	-186.76%	-181.08%	-179.40%	-182.85%
Debt-free Net Working Capital to Revenue	-355.10%	-221.69%	-184.04%	-193.68%	-154.87%	-162.30%	-155.59%	-168.13%	-170.73%	-172.27%	-174.14%
Net Working Capital to Revenue	-355.10%	-221.69%	-184.04%	-193.68%	-154.87%	-162.30%	-155.59%	-168.13%	-170.73%	-172.27%	-174.14%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$2.03	$1.19	$1.60	$2.94	$3.96	$6.73	$6.97	$13.37	$17.92	$21.76
Adjusted Weighted Average Basic Shares Outstanding	0.00	36.26M	20.99M	21.09M	21.53M	22.32M	22.69M	22.82M	23.05M	23.15M	23.14M
Adjusted Diluted Earnings per Share	$0.00	$2.00	$1.16	$0.00	$2.86	$3.87	$6.62	$6.88	$13.22	$17.78	$21.65
Adjusted Weighted Average Diluted Shares Outstanding	0.00	36.56M	21.50M	0.00	22.14M	22.85M	23.06M	23.13M	23.31M	23.33M	23.26M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	20.97M	21.05M	21.25M	22.23M	22.77M	22.84M	23.10M	23.19M	23.28M	23.15M
Normalized Net Operating Profit after Tax (NOPAT)	22	26	25	34	63	89	153	163	316	423	512
Normalized NOPAT Margin	27.64%	18.48%	13.33%	15.21%	20.04%	19.26%	23.48%	19.38%	25.84%	26.65%	27.33%
Pre Tax Income Margin	41.64%	27.92%	20.62%	18.22%	24.08%	21.83%	28.89%	23.31%	31.36%	32.42%	33.85%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	598.70	190.94	46.65	38.28	51.79	60.58
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	527.18	154.39	37.96	30.71	41.74	48.10
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	433.23	184.98	45.04	37.64	49.43	55.54
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	361.72	148.43	36.34	30.07	39.38	43.06
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	8.01%	20.24%	17.48%	10.94%	9.13%	6.56%	7.50%	4.20%	3.36%	3.13%
Augmented Payout Ratio	0.00%	8.01%	20.24%	17.48%	10.94%	9.13%	6.56%	7.50%	4.20%	5.77%	21.00%

This table displays calculated financial ratios and metrics derived from Kinsale Capital Group's official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	23,153,066.00	23,062,819.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	23,153,066.00	23,062,819.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	4.86	7.63
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	39.05%	41.67%	30.02%	32.98%	17.36%	13.57%	22.17%	19.00%	17.26%	10.23%	16.75%
EBITDA Growth	53.79%	66.69%	27.50%	49.89%	6.61%	-2.91%	44.34%	23.44%	25.92%	24.36%	30.60%
EBIT Growth	53.79%	66.69%	27.50%	49.89%	6.61%	-2.91%	44.34%	23.44%	25.92%	24.36%	30.60%
NOPAT Growth	53.02%	74.46%	26.19%	48.76%	5.49%	-9.67%	43.89%	23.57%	26.89%	26.15%	31.12%
Net Income Growth	53.74%	77.31%	27.18%	50.07%	5.52%	-9.82%	44.87%	24.00%	27.06%	26.14%	31.13%
EPS Growth	53.10%	76.67%	27.24%	50.31%	5.18%	-9.67%	45.09%	24.29%	27.84%	27.42%	34.03%
Operating Cash Flow Growth	109.19%	6.45%	23.44%	21.94%	0.69%	9.23%	-3.53%	10.74%	13.34%	8.31%	-10.10%
Free Cash Flow Firm Growth	84.31%	21.69%	23.01%	44.03%	0.80%	11.98%	4.67%	-13.74%	8.54%	-7.80%	1.19%
Invested Capital Growth	-46.38%	-39.37%	-37.19%	-40.01%	-31.67%	-32.76%	-26.64%	-22.80%	-25.25%	-21.55%	-19.78%
Revenue Q/Q Growth	11.71%	6.16%	3.16%	8.71%	-1.42%	2.74%	10.96%	5.89%	-2.86%	-3.43%	17.53%
EBITDA Q/Q Growth	35.07%	-10.70%	0.06%	24.18%	-3.93%	-18.67%	48.76%	6.21%	-2.01%	-19.67%	56.22%
EBIT Q/Q Growth	35.07%	-10.70%	0.06%	24.18%	-3.93%	-18.67%	48.76%	6.21%	-2.01%	-19.67%	56.22%
NOPAT Q/Q Growth	34.74%	-4.10%	-6.32%	22.88%	-4.45%	-17.88%	49.23%	5.52%	-1.88%	-18.36%	55.10%
Net Income Q/Q Growth	35.83%	-4.30%	-6.43%	23.39%	-4.50%	-18.21%	50.31%	5.61%	-2.14%	-18.80%	56.26%
EPS Q/Q Growth	36.20%	-4.50%	-6.37%	23.43%	-4.69%	-17.99%	50.39%	5.73%	-1.97%	-18.26%	58.20%
Operating Cash Flow Q/Q Growth	-5.88%	-0.55%	32.60%	-1.76%	-22.28%	7.89%	17.11%	12.78%	-20.46%	3.10%	-2.80%
Free Cash Flow Firm Q/Q Growth	25.28%	-4.88%	3.95%	16.27%	-12.33%	5.67%	-2.83%	-4.18%	10.32%	-10.23%	6.63%
Invested Capital Q/Q Growth	-9.06%	-6.53%	-10.30%	-9.26%	-2.56%	-7.41%	-5.22%	-5.95%	-4.61%	-4.23%	-3.69%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	54.84%	49.90%	49.73%	52.10%	53.28%	44.97%	53.74%	54.34%	55.88%	49.62%	57.90%
EBITDA Margin	37.72%	31.73%	30.78%	35.16%	34.26%	27.13%	36.36%	36.47%	36.79%	30.60%	40.68%
Operating Margin	37.72%	31.73%	30.78%	35.16%	34.26%	27.13%	36.36%	36.47%	36.79%	30.60%	40.68%
EBIT Margin	37.72%	31.73%	30.78%	35.16%	34.26%	27.13%	36.36%	36.47%	36.79%	30.60%	40.68%
Profit (Net Income) Margin	29.44%	26.54%	24.07%	27.32%	26.47%	21.07%	28.55%	28.47%	28.68%	24.12%	32.06%
Tax Burden Percent	79.52%	85.39%	79.95%	79.11%	78.68%	79.45%	79.70%	79.19%	79.29%	80.59%	80.01%
Interest Burden Percent	98.16%	97.95%	97.83%	98.24%	98.19%	97.79%	98.50%	98.58%	98.32%	97.78%	98.51%
Effective Tax Rate	20.48%	14.61%	20.05%	20.89%	21.32%	20.55%	20.30%	20.81%	20.71%	19.41%	19.99%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	33.63%	35.36%	34.85%	34.69%	32.28%	29.42%	29.98%	28.73%	29.25%	29.68%	30.27%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	14.17%	12.04%	11.43%	13.13%	12.56%	9.61%	12.59%	12.45%	12.62%	10.27%	13.55%
Return on Assets (ROA)	11.06%	10.07%	8.94%	10.21%	9.71%	7.47%	9.89%	9.72%	9.84%	8.09%	10.68%
Return on Common Equity (ROCE)	33.63%	35.36%	34.85%	34.69%	32.28%	29.42%	29.98%	28.73%	29.25%	29.68%	30.27%
Return on Equity Simple (ROE_SIMPLE)	0.00%	30.00%	29.51%	28.51%	0.00%	25.59%	25.93%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	105	101	95	116	111	91	136	144	141	115	179
NOPAT Margin	29.99%	27.10%	24.61%	27.81%	26.96%	21.55%	28.98%	28.88%	29.17%	24.66%	32.55%
Net Nonoperating Expense Percent (NNEP)	-0.08%	-0.08%	-0.07%	-0.06%	-0.06%	-0.06%	-0.05%	-0.05%	-0.05%	-0.06%	-0.05%
Return On Investment Capital (ROIC_SIMPLE)	8.29%	-	-	-	6.66%	5.16%	7.14%	6.96%	6.46%	5.25%	7.90%
Cost of Revenue to Revenue	45.16%	50.10%	50.27%	47.90%	46.72%	55.03%	46.26%	45.66%	44.12%	50.38%	42.10%
SG&A Expenses to Revenue	-0.08%	0.53%	0.21%	0.17%	0.13%	0.16%	0.00%	0.10%	0.10%	0.11%	0.24%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	17.12%	18.16%	18.95%	16.94%	19.02%	17.85%	17.37%	17.87%	19.09%	19.02%	17.22%
Earnings before Interest and Taxes (EBIT)	132	118	118	147	141	115	171	181	178	143	223
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	132	118	118	147	141	115	171	181	178	143	223
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.13	10.38	7.13	7.56	7.30	7.16	6.55	5.31	4.64	4.02	3.74
Price to Tangible Book Value (P/TBV)	7.16	10.41	7.15	7.57	7.32	7.17	6.56	5.32	4.65	4.03	3.74
Price to Revenue (P/Rev)	6.33	9.11	6.30	7.10	6.82	6.92	6.55	5.50	4.86	4.13	3.81
Price to Earnings (P/E)	25.16	34.61	24.17	26.50	26.11	27.96	25.25	20.90	18.07	15.01	13.38
Dividend Yield	0.17%	0.11%	0.15%	0.13%	0.13%	0.13%	0.13%	0.16%	0.17%	0.22%	0.25%
Earnings Yield	3.97%	2.89%	4.14%	3.77%	3.83%	3.58%	3.96%	4.78%	5.54%	6.66%	7.48%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	3.95	6.78	3.91	4.63	4.38	4.38	3.97	2.87	2.21	1.47	1.16
Enterprise Value to EBITDA (EV/EBITDA)	12.18	20.47	11.92	13.69	13.09	13.75	11.93	8.50	6.35	4.18	3.20
Enterprise Value to EBIT (EV/EBIT)	12.28	20.47	11.92	13.69	13.24	13.75	11.93	8.50	6.41	4.18	3.20
Enterprise Value to NOPAT (EV/NOPAT)	15.30	25.15	14.69	16.94	16.43	17.35	15.05	10.72	8.07	5.24	4.02
Enterprise Value to Operating Cash Flow (EV/OCF)	5.63	10.36	6.02	7.25	7.12	7.20	6.94	5.09	3.96	2.64	2.24
Enterprise Value to Free Cash Flow (EV/FCFF)	5.42	9.96	5.80	6.51	6.95	6.83	6.68	5.09	3.70	2.57	2.08
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.17	0.16	0.15	0.13	0.12	0.12	0.11	0.11	0.11	0.11	0.11
Long-Term Debt to Equity	0.17	0.16	0.15	0.13	0.12	0.12	0.11	0.11	0.11	0.11	0.11
Financial Leverage	-2.67	-2.68	-2.74	-2.70	-2.64	-2.64	-2.63	-2.58	-2.57	-2.61	-2.59
Leverage Ratio	3.56	3.54	3.60	3.47	3.37	3.36	3.34	3.20	3.17	3.22	3.19
Compound Leverage Factor	3.49	3.47	3.52	3.40	3.31	3.28	3.29	3.16	3.12	3.15	3.14
Debt to Total Capital	14.47%	13.57%	12.77%	11.37%	11.04%	10.42%	9.66%	9.65%	10.27%	10.24%	9.94%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	14.47%	13.57%	12.77%	11.37%	11.04%	10.42%	9.66%	9.65%	10.27%	10.24%	9.94%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	85.53%	86.43%	87.23%	88.63%	88.96%	89.58%	90.34%	90.35%	89.73%	89.76%	90.06%
Debt to EBITDA	0.46	0.42	0.39	0.36	0.35	0.35	0.32	0.33	0.34	0.33	0.31
Net Debt to EBITDA	-7.32	-7.05	-7.28	-7.32	-7.32	-7.98	-7.73	-7.79	-7.63	-7.58	-7.29
Long-Term Debt to EBITDA	0.46	0.42	0.39	0.36	0.35	0.35	0.32	0.33	0.34	0.33	0.31
Debt to NOPAT	0.58	0.51	0.49	0.44	0.44	0.45	0.41	0.41	0.44	0.42	0.39
Net Debt to NOPAT	-9.20	-8.66	-8.97	-9.05	-9.18	-10.07	-9.75	-9.83	-9.70	-9.52	-9.14
Long-Term Debt to NOPAT	0.58	0.51	0.49	0.44	0.44	0.45	0.41	0.41	0.44	0.42	0.39
Altman Z-Score	1.81	2.68	1.83	2.10	2.01	1.99	1.91	1.66	1.49	1.30	1.27
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.16	0.22	0.23	0.19	0.15	0.20	0.20	0.19	0.15	0.20	0.19
Quick Ratio	0.00	0.11	0.12	0.08	0.00	0.09	0.08	0.08	0.00	0.09	0.09
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	683	650	675	785	688	727	707	677	747	671	715
Operating Cash Flow to CapEx	19,125.41%	5,991.43%	7,305.76%	4,701.97%	1,974.57%	1,892.90%	1,581.68%	2,178.41%	2,276.87%	3,296.28%	8,670.50%
Free Cash Flow to Firm to Interest Expense	280.57	268.19	263.35	303.25	268.99	286.59	276.40	263.62	250.54	211.76	215.21
Operating Cash Flow to Interest Expense	86.91	86.85	108.79	105.84	83.23	90.54	105.24	118.13	80.95	78.58	72.80
Operating Cash Flow Less CapEx to Interest Expense	86.45	85.40	107.30	103.59	79.01	85.75	98.58	112.71	77.40	76.20	71.96
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.38	0.38	0.37	0.37	0.37	0.35	0.35	0.34	0.34	0.34	0.33
Accounts Receivable Turnover	0.00	9.27	0.00	11.79	0.00	10.65	10.13	13.92	0.00	13.84	12.62
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	15.74	3.31	3.79	3.82	15.45	41.72	25.78	19.20	14.67	39.40	24.25
Days Sales Outstanding (DSO)	0.00	39.39	0.00	30.97	0.00	34.28	36.02	26.22	0.00	26.38	28.93
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	23.19	110.11	96.35	95.43	23.63	8.75	14.16	19.01	24.89	9.26	15.05
Cash Conversion Cycle (CCC)	-23.19	-70.72	-96.35	-64.46	-23.63	25.53	21.86	7.21	-24.89	17.12	13.88
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-1,823	-1,942	-2,142	-2,340	-2,400	-2,578	-2,713	-2,874	-3,006	-3,134	-3,249
Invested Capital Turnover	-0.80	-0.80	-0.77	-0.76	-0.75	-0.72	-0.71	-0.69	-0.69	-0.67	-0.67
Increase / (Decrease) in Invested Capital	-578	-549	-581	-669	-577	-636	-571	-534	-606	-556	-537
Enterprise Value (EV)	4,841	9,042	5,569	7,066	6,948	7,168	6,845	5,169	4,133	2,810	2,322
Market Capitalization	7,751	12,155	8,968	10,841	10,832	11,329	11,280	9,909	9,099	7,910	7,606
Book Value per Share	$46.90	$50.67	$54.01	$61.62	$63.71	$68.00	$73.89	$80.05	$84.23	$84.97	$88.24
Tangible Book Value per Share	$46.75	$50.52	$53.86	$61.47	$63.55	$67.85	$73.74	$79.90	$84.08	$84.82	$88.09
Total Capital	1,271	1,355	1,441	1,619	1,668	1,767	1,907	2,065	2,184	2,192	2,260
Total Debt	184	184	184	184	184	184	184	199	224	224	225
Total Long-Term Debt	184	184	184	184	184	184	184	199	224	224	225
Net Debt	-2,910	-3,113	-3,399	-3,775	-3,884	-4,161	-4,435	-4,739	-4,966	-5,101	-5,284
Capital Expenditures (CapEx)	1.11	3.51	3.82	5.83	11	12	17	14	11	7.55	2.79
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2,217	-2,203	-2,436	-2,609	-2,848	-2,834	-3,038	-3,215	-3,427	-3,403	-3,556
Debt-free Net Working Capital (DFNWC)	-2,091	-2,067	-2,265	-2,497	-2,735	-2,692	-2,900	-3,044	-3,263	-3,180	-3,346
Net Working Capital (NWC)	-2,091	-2,067	-2,265	-2,497	-2,735	-2,692	-2,900	-3,044	-3,263	-3,180	-3,346
Net Nonoperating Expense (NNE)	1.94	2.07	2.05	2.05	2.01	2.02	2.04	2.03	2.36	2.55	2.66
Net Nonoperating Obligations (NNO)	-2,910	-3,113	-3,399	-3,775	-3,884	-4,161	-4,435	-4,739	-4,966	-5,101	-5,284
Total Depreciation and Amortization (D&A)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital to Revenue	-181.08%	-165.14%	-171.22%	-170.89%	-179.40%	-173.02%	-176.28%	-178.31%	-182.85%	-177.51%	-178.18%
Debt-free Net Working Capital to Revenue	-170.73%	-154.93%	-159.20%	-163.58%	-172.27%	-164.35%	-168.27%	-168.87%	-174.14%	-165.86%	-167.63%
Net Working Capital to Revenue	-170.73%	-154.93%	-159.20%	-163.58%	-172.27%	-164.35%	-168.27%	-168.87%	-174.14%	-165.86%	-167.63%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.48	$4.28	$4.00	$4.93	$4.71	$3.85	$5.79	$6.12	$6.00	$4.90	$7.73
Adjusted Weighted Average Basic Shares Outstanding	23.05M	23.11M	23.17M	23.18M	23.15M	23.17M	23.18M	23.16M	23.14M	22.98M	22.76M
Adjusted Diluted Earnings per Share	$4.44	$4.24	$3.97	$4.90	$4.67	$3.83	$5.76	$6.09	$5.97	$4.88	$7.72
Adjusted Weighted Average Diluted Shares Outstanding	23.31M	23.34M	23.33M	23.34M	23.33M	23.31M	23.29M	23.27M	23.26M	23.06M	22.79M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	23.19M	23.28M	23.29M	23.29M	23.28M	23.31M	23.30M	23.26M	23.15M	23.06M	22.78M
Normalized Net Operating Profit after Tax (NOPAT)	105	101	95	116	111	91	136	144	141	115	179
Normalized NOPAT Margin	29.99%	27.10%	24.61%	27.81%	26.96%	21.55%	28.98%	28.88%	29.17%	24.66%	32.55%
Pre Tax Income Margin	37.03%	31.08%	30.11%	34.54%	33.64%	26.53%	35.82%	35.96%	36.18%	29.92%	40.07%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	54.42	48.84	46.16	56.77	55.18	45.25	66.82	70.63	59.63	45.10	67.15
NOPAT to Interest Expense	43.27	41.70	36.91	44.91	43.42	35.95	53.25	55.93	47.28	36.35	53.73
EBIT Less CapEx to Interest Expense	53.96	47.39	44.67	54.52	50.97	40.47	60.16	65.21	56.07	42.71	66.31
NOPAT Less CapEx to Interest Expense	42.82	40.26	35.42	42.66	39.20	31.17	46.60	50.51	43.72	33.96	52.89
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	4.20%	3.76%	3.62%	3.35%	3.36%	3.56%	3.33%	3.24%	3.13%	3.34%	3.40%
Augmented Payout Ratio	4.20%	3.76%	3.62%	3.35%	5.77%	8.50%	10.05%	13.78%	21.00%	30.38%	44.38%

Financials Breakdown Chart

Key Financial Trends

Kinsale Capital Group (NYSE: KNSL) continues to show strong underwriting profitability and impressive balance sheet growth, but the latest quarter also shows the kind of volatility investors should watch in an insurance carrier with a large investment portfolio.

For Q1 2026, Kinsale posted revenue of $466.7 million, up modestly from $423.4 million in Q1 2025. Net income attributable to common shareholders came in at $112.6 million, or $4.88 diluted EPS, versus $89.2 million and $3.83 EPS a year earlier. That points to continued earnings expansion, even though profitability was below the stronger Q4 2025 level.

The company’s balance sheet also expanded meaningfully. Total assets rose to $6.22 billion from $5.21 billion a year earlier, while total equity increased to $1.97 billion from $1.58 billion. Long-term investments climbed to $5.10 billion, showing how central the investment portfolio is to Kinsale’s capital base and earnings engine.

Operating cash flow remained a key strength. Kinsale generated $248.9 million in operating cash flow in Q1 2026, compared with $229.8 million in Q1 2025. That kind of recurring cash generation gives the company flexibility to buy back stock, pay dividends, and keep building its investment portfolio.

At the same time, the quarterly cash flow statement shows that Kinsale continues to deploy a lot of cash into investments, with $391.0 million of investment purchases partially offset by $284.1 million of sales and maturities. This is normal for an insurer, but it also means results can be sensitive to market conditions and portfolio positioning.

Key takeaways from the last several years:

Revenue has trended steadily higher, rising from $263.1 million in Q1 2023 to $466.7 million in Q1 2026.
Net income has grown significantly over time, with Q1 results moving from $55.8 million in Q1 2023 to $112.6 million in Q1 2026.
Operating cash flow has remained consistently strong, generally ranging from about $198 million to $304 million in the quarters shown.
Total equity has expanded sharply over the period, reflecting retained earnings growth and a stronger capital base.
Diluted EPS improved to $4.88 in Q1 2026 from $3.83 in Q1 2025.
The company continues to return cash to shareholders through dividends and buybacks.
Kinsale carries a very large investment portfolio, which is common for an insurer but ties earnings partly to market performance.
Customer deposits and deferred revenue remain large balance sheet items, so liability trends should be watched closely.
Quarter-to-quarter cash flow can swing materially because of investment purchases and sales.
Long-term debt is still modest, but it has edged higher at times and should be monitored alongside the rest of the liability structure.

Bottom line: Kinsale still looks like a high-quality specialty insurer with strong underwriting results, solid cash generation, and a growing capital base. The main watch item is not leverage in the traditional sense, but rather how its investment portfolio and underwriting margins behave across market cycles. For retail investors, that usually makes KNSL more of a steady compounder than a fast-moving turnaround story.

07/29/26 04:09 AM ETAI Generated. May Contain Errors.

Kinsale Capital Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Kinsale Capital Group's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Kinsale Capital Group's net income appears to be on an upward trend, with a most recent value of $503.61 million in 2025, rising from $22.27 million in 2015. The previous period was $414.84 million in 2024. View Kinsale Capital Group's forecast to see where analysts expect Kinsale Capital Group to go next.

Kinsale Capital Group's total operating income in 2025 was $644.95 million, based on the following breakdown:

Total Gross Profit: $983.29 million
Total Operating Expenses: $338.35 million

Over the last 10 years, Kinsale Capital Group's total revenue changed from $80.60 million in 2015 to $1.87 billion in 2025, a change of 2,225.2%.

Kinsale Capital Group's total liabilities were at $4.08 billion at the end of 2025, a 20.0% increase from 2024, and a 845.7% increase since 2015.

In the past 10 years, Kinsale Capital Group's cash and equivalents has ranged from $0.00 in 2021 to $163.36 million in 2025, and is currently $163.36 million as of their latest financial filing in 2025.

Over the last 10 years, Kinsale Capital Group's book value per share changed from 7.46 in 2015 to 84.23 in 2025, a change of 1,029.2%.

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Financial statements for NYSE:KNSL last updated on 7/23/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Kinsale Capital Group (KNSL) Financials

Financials Breakdown Chart

Key Financial Trends

Kinsale Capital Group Financials - Frequently Asked Questions

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Kinsale Capital Group (KNSL) Financials

Annual Income Statements for Kinsale Capital Group

Quarterly Income Statements for Kinsale Capital Group

Annual Cash Flow Statements for Kinsale Capital Group

Quarterly Cash Flow Statements for Kinsale Capital Group

Annual Balance Sheets for Kinsale Capital Group

Quarterly Balance Sheets for Kinsale Capital Group

Annual Metrics And Ratios for Kinsale Capital Group

Quarterly Metrics And Ratios for Kinsale Capital Group

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Kinsale Capital Group Financials - Frequently Asked Questions

When does Kinsale Capital Group's fiscal year end?

How has Kinsale Capital Group's net income changed over the last 10 years?

What is Kinsale Capital Group's operating income?

How has Kinsale Capital Group's revenue changed over the last 10 years?

How much debt does Kinsale Capital Group have?

How much cash does Kinsale Capital Group have?

How has Kinsale Capital Group's book value per share changed over the last 10 years?

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