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

$395.24 +5.40 (+1.38%)

Closing price 03:59 PM Eastern

Extended Trading

$395.94 +0.71 (+0.18%)

As of 04:44 PM 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	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	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	9/30/2026
Net Income / (Loss) Attributable to Common Shareholders	99	93	114	109	89	134	142	139	113	176	98
Consolidated Net Income / (Loss)	99	93	114	109	89	134	142	139	113	176	98
Net Income / (Loss) Continuing Operations	99	93	114	109	89	134	142	139	113	176	98
Total Pre-Tax Income	116	116	144	139	112	168	179	175	140	220	124
Total Operating Income	118	118	147	141	115	171	181	178	143	223	127
Total Gross Profit	186	191	218	220	190	252	270	270	232	318	223
Total Revenue	373	385	418	412	423	470	498	483	467	549	455
Operating Revenue	373	384	418	412	423	470	498	483	467	549	455
Total Cost of Revenue	187	193	200	193	233	217	227	213	235	231	232
Operating Cost of Revenue	187	193	200	193	233	217	227	213	235	231	232
Total Operating Expenses	68	73	71	78	76	82	89	92	89	94	96
Selling, General & Admin Expense	1.96	0.80	0.69	0.52	0.66	0.01	0.47	0.51	0.53	1.30	0.45
Other Operating Expenses / (Income)	66	72	70	78	75	82	88	92	88	93	95
Total Other Income / (Expense), net	-2.42	-2.56	-2.59	-2.56	-2.54	-2.56	-2.57	-2.98	-3.17	-3.32	-3.22
Interest Expense	2.42	2.56	2.59	2.56	2.54	2.56	2.57	2.98	3.17	3.32	3.22
Income Tax Expense	17	23	30	30	23	34	37	36	27	44	25
Basic Earnings per Share	$4.28	$4.00	$4.93	$4.71	$3.85	$5.79	$6.12	$6.00	$4.90	$7.73	$4.36
Weighted Average Basic Shares Outstanding	23.11M	23.17M	23.18M	23.15M	23.17M	23.18M	23.16M	23.14M	22.98M	22.76M	22.49M
Diluted Earnings per Share	$4.24	$3.97	$4.90	$4.67	$3.83	$5.76	$6.09	$5.97	$4.88	$7.72	$4.36
Weighted Average Diluted Shares Outstanding	23.34M	23.33M	23.34M	23.33M	23.31M	23.29M	23.27M	23.26M	23.06M	22.79M	22.50M
Weighted Average Basic & Diluted Shares Outstanding	23.28M	23.29M	23.29M	23.28M	23.31M	23.30M	23.26M	23.15M	23.06M	22.78M	22.51M

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	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	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	9/30/2026
Net Change in Cash & Equivalents	-201	-244	-333	765	-201	-273	-271	796	-189	-255	-314
Net Cash From Operating Activities	210	279	274	213	230	269	303	241	249	242	264
Net Cash From Investing Activities	-193	-240	-330	-198	-181	-259	-263	-219	-114	-149	-209
Net Cash From Continuing Investing Activities	-193	-240	-330	-198	-181	-259	-263	-219	-114	-149	-209
Purchase of Property, Plant & Equipment	-3.51	-3.82	-5.83	-11	-12	-17	-14	-11	-7.55	-2.79	-2.30
Purchase of Investments	-347	-497	-536	-334	-447	-652	-835	-778	-391	-487	-835
Sale and/or Maturity of Investments	158	261	212	147	263	425	587	569	284	341	629
Net Cash From Financing Activities	-8.41	-4.39	-3.43	-13	-20	-14	-8.81	-29	-75	-106	-106
Net Cash From Continuing Financing Activities	-8.41	-4.39	-3.43	-13	-20	-14	-8.81	-29	-75	-106	-106
Repurchase of Common Equity	0.00	-	-	-	-10.00	-10	-20	-50	-63	-101	-100
Payment of Dividends	-3.50	-3.49	-3.48	-3.48	-3.99	-3.94	-3.94	-3.91	-5.81	-5.66	-5.58
Other Financing Activities, net	-4.91	-0.90	0.05	0.05	-6.01	0.21	0.13	0.08	-6.22	0.64	0.04

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	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	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	9/30/2026
Total Assets	3,270	3,443	4,031	4,395	4,732	5,215	5,557	5,833	6,215	6,429	6,431
Total Current Assets	2,355	576	589	670	591	692	725	716	795	807	740
Cash & Equivalents	125	163	136	171	112	142	138	170	223	211	161
Accounts Receivable	-	124	159	172	135	149	168	124	129	148	120
Other Current Assets	-	260	294	327	345	401	418	422	443	449	460
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	915	2,867	3,442	3,725	4,141	4,523	4,832	5,117	5,420	5,622	5,691
Long-Term Investments	216	2,587	3,161	3,412	3,848	4,203	4,481	4,768	5,102	5,298	5,331
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	58	69	56	57	35	50	45	37	54	46	86
Other Noncurrent Operating Assets	432	207	222	252	255	266	302	309	261	274	270
Total Liabilities & Shareholders' Equity	3,270	3,443	4,031	4,395	4,732	5,215	5,557	5,833	6,215	6,429	6,431
Total Liabilities	2,398	2,519	2,860	3,138	3,297	3,632	3,834	3,968	4,248	4,394	4,512
Total Current Liabilities	1,520	2,334	2,656	2,935	3,088	3,384	3,625	3,760	3,975	4,153	4,266
Accounts Payable	22	33	16	27	40	23	38	51	22	37	54
Customer Deposits	-	1,565	1,845	2,013	2,161	2,471	2,624	2,765	3,063	3,193	3,324
Current Deferred Revenue	-	690	747	847	845	846	921	910	856	892	863
Other Current Liabilities	1,498	46	48	48	43	45	42	35	33	32	25
Total Noncurrent Liabilities	878	185	204	203	209	248	209	208	273	241	246
Long-Term Debt	196	184	184	184	184	184	184	199	224	225	225
Other Noncurrent Operating Liabilities	682	1.13	20	19	25	64	25	8.36	49	16	22
Total Equity & Noncontrolling Interests	872	924	1,171	1,257	1,435	1,583	1,723	1,865	1,967	2,035	1,919
Total Preferred & Common Equity	872	924	1,171	1,257	1,435	1,583	1,723	1,865	1,967	2,035	1,919
Total Common Equity	872	924	1,171	1,257	1,435	1,583	1,723	1,865	1,967	2,035	1,919
Common Stock	348	351	352	355	358	359	364	369	373	380	385
Retained Earnings	655	728	924	1,013	1,124	1,314	1,445	1,582	1,824	1,994	2,086
Treasury Stock	-	-	-	-	-	-20	-30	-50	-163	-264	-365
Accumulated Other Comprehensive Income / (Loss)	-132	-155	-105	-110	-47	-71	-56	-36	-66	-74	-187

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	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	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	9/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	23,153,066.00	23,062,819.00	22,778,425.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	23,153,066.00	23,062,819.00	22,778,425.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	4.86	7.63	4.31
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	41.67%	30.02%	32.98%	17.36%	13.57%	22.17%	19.00%	17.26%	10.23%	16.75%	-8.58%
EBITDA Growth	66.69%	27.50%	49.89%	6.61%	-2.91%	44.34%	23.44%	25.92%	24.36%	30.60%	-30.10%
EBIT Growth	66.69%	27.50%	49.89%	6.61%	-2.91%	44.34%	23.44%	25.92%	24.36%	30.60%	-30.10%
NOPAT Growth	74.46%	26.19%	48.76%	5.49%	-9.67%	43.89%	23.57%	26.89%	26.15%	31.12%	-29.92%
Net Income Growth	77.31%	27.18%	50.07%	5.52%	-9.82%	44.87%	24.00%	27.06%	26.14%	31.13%	-30.72%
EPS Growth	76.67%	27.24%	50.31%	5.18%	-9.67%	45.09%	24.29%	27.84%	27.42%	34.03%	-28.41%
Operating Cash Flow Growth	6.45%	23.44%	21.94%	0.69%	9.23%	-3.53%	10.74%	13.34%	8.31%	-10.10%	-12.97%
Free Cash Flow Firm Growth	21.69%	23.01%	44.03%	0.80%	11.98%	4.67%	-13.74%	8.54%	-7.80%	1.19%	-15.13%
Invested Capital Growth	-39.37%	-37.19%	-40.01%	-31.67%	-32.76%	-26.64%	-22.80%	-25.25%	-21.55%	-19.78%	-16.50%
Revenue Q/Q Growth	6.16%	3.16%	8.71%	-1.42%	2.74%	10.96%	5.89%	-2.86%	-3.43%	17.53%	-17.09%
EBITDA Q/Q Growth	-10.70%	0.06%	24.18%	-3.93%	-18.67%	48.76%	6.21%	-2.01%	-19.67%	56.22%	-43.15%
EBIT Q/Q Growth	-10.70%	0.06%	24.18%	-3.93%	-18.67%	48.76%	6.21%	-2.01%	-19.67%	56.22%	-43.15%
NOPAT Q/Q Growth	-4.10%	-6.32%	22.88%	-4.45%	-17.88%	49.23%	5.52%	-1.88%	-18.36%	55.10%	-43.60%
Net Income Q/Q Growth	-4.30%	-6.43%	23.39%	-4.50%	-18.21%	50.31%	5.61%	-2.14%	-18.80%	56.26%	-44.20%
EPS Q/Q Growth	-4.50%	-6.37%	23.43%	-4.69%	-17.99%	50.39%	5.73%	-1.97%	-18.26%	58.20%	-43.52%
Operating Cash Flow Q/Q Growth	-0.55%	32.60%	-1.76%	-22.28%	7.89%	17.11%	12.78%	-20.46%	3.10%	-2.80%	9.18%
Free Cash Flow Firm Q/Q Growth	-4.88%	3.95%	16.27%	-12.33%	5.67%	-2.83%	-4.18%	10.32%	-10.23%	6.63%	-19.63%
Invested Capital Q/Q Growth	-6.53%	-10.30%	-9.26%	-2.56%	-7.41%	-5.22%	-5.95%	-4.61%	-4.23%	-3.69%	-3.04%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	49.90%	49.73%	52.10%	53.28%	44.97%	53.74%	54.34%	55.88%	49.62%	57.90%	48.97%
EBITDA Margin	31.73%	30.78%	35.16%	34.26%	27.13%	36.36%	36.47%	36.79%	30.60%	40.68%	27.89%
Operating Margin	31.73%	30.78%	35.16%	34.26%	27.13%	36.36%	36.47%	36.79%	30.60%	40.68%	27.89%
EBIT Margin	31.73%	30.78%	35.16%	34.26%	27.13%	36.36%	36.47%	36.79%	30.60%	40.68%	27.89%
Profit (Net Income) Margin	26.54%	24.07%	27.32%	26.47%	21.07%	28.55%	28.47%	28.68%	24.12%	32.06%	21.58%
Tax Burden Percent	85.39%	79.95%	79.11%	78.68%	79.45%	79.70%	79.19%	79.29%	80.59%	80.01%	79.38%
Interest Burden Percent	97.95%	97.83%	98.24%	98.19%	97.79%	98.50%	98.58%	98.32%	97.78%	98.51%	97.46%
Effective Tax Rate	14.61%	20.05%	20.89%	21.32%	20.55%	20.30%	20.81%	20.71%	19.41%	19.99%	20.62%
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)	35.36%	34.85%	34.69%	32.28%	29.42%	29.98%	28.73%	29.25%	29.68%	30.27%	27.76%
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)	12.04%	11.43%	13.13%	12.56%	9.61%	12.59%	12.45%	12.62%	10.27%	13.55%	8.88%
Return on Assets (ROA)	10.07%	8.94%	10.21%	9.71%	7.47%	9.89%	9.72%	9.84%	8.09%	10.68%	6.87%
Return on Common Equity (ROCE)	35.36%	34.85%	34.69%	32.28%	29.42%	29.98%	28.73%	29.25%	29.68%	30.27%	27.76%
Return on Equity Simple (ROE_SIMPLE)	30.00%	29.51%	28.51%	0.00%	25.59%	25.93%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	101	95	116	111	91	136	144	141	115	179	101
NOPAT Margin	27.10%	24.61%	27.81%	26.96%	21.55%	28.98%	28.88%	29.17%	24.66%	32.55%	22.14%
Net Nonoperating Expense Percent (NNEP)	-0.08%	-0.07%	-0.06%	-0.06%	-0.06%	-0.05%	-0.05%	-0.05%	-0.06%	-0.05%	-0.05%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	6.66%	5.16%	7.14%	6.96%	6.46%	5.25%	7.90%	4.70%
Cost of Revenue to Revenue	50.10%	50.27%	47.90%	46.72%	55.03%	46.26%	45.66%	44.12%	50.38%	42.10%	51.03%
SG&A Expenses to Revenue	0.53%	0.21%	0.17%	0.13%	0.16%	0.00%	0.10%	0.10%	0.11%	0.24%	0.10%
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	18.16%	18.95%	16.94%	19.02%	17.85%	17.37%	17.87%	19.09%	19.02%	17.22%	21.08%
Earnings before Interest and Taxes (EBIT)	118	118	147	141	115	171	181	178	143	223	127
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	118	118	147	141	115	171	181	178	143	223	127
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	10.38	7.13	7.56	7.30	7.16	6.55	5.31	4.64	4.02	3.74	3.83
Price to Tangible Book Value (P/TBV)	10.41	7.15	7.57	7.32	7.17	6.56	5.32	4.65	4.03	3.74	3.84
Price to Revenue (P/Rev)	9.11	6.30	7.10	6.82	6.92	6.55	5.50	4.86	4.13	3.81	3.76
Price to Earnings (P/E)	34.61	24.17	26.50	26.11	27.96	25.25	20.90	18.07	15.01	13.38	14.00
Dividend Yield	0.11%	0.15%	0.13%	0.13%	0.13%	0.13%	0.16%	0.17%	0.22%	0.25%	0.29%
Earnings Yield	2.89%	4.14%	3.77%	3.83%	3.58%	3.96%	4.78%	5.54%	6.66%	7.48%	7.14%
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)	6.78	3.91	4.63	4.38	4.38	3.97	2.87	2.21	1.47	1.16	1.07
Enterprise Value to EBITDA (EV/EBITDA)	20.47	11.92	13.69	13.09	13.75	11.93	8.50	6.35	4.18	3.20	3.11
Enterprise Value to EBIT (EV/EBIT)	20.47	11.92	13.69	13.24	13.75	11.93	8.50	6.41	4.18	3.20	3.11
Enterprise Value to NOPAT (EV/NOPAT)	25.15	14.69	16.94	16.43	17.35	15.05	10.72	8.07	5.24	4.02	3.89
Enterprise Value to Operating Cash Flow (EV/OCF)	10.36	6.02	7.25	7.12	7.20	6.94	5.09	3.96	2.64	2.24	2.09
Enterprise Value to Free Cash Flow (EV/FCFF)	9.96	5.80	6.51	6.95	6.83	6.68	5.09	3.70	2.57	2.08	2.07
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.16	0.15	0.13	0.12	0.12	0.11	0.11	0.11	0.11	0.11	0.12
Long-Term Debt to Equity	0.16	0.15	0.13	0.12	0.12	0.11	0.11	0.11	0.11	0.11	0.12
Financial Leverage	-2.68	-2.74	-2.70	-2.64	-2.64	-2.63	-2.58	-2.57	-2.61	-2.59	-2.64
Leverage Ratio	3.54	3.60	3.47	3.37	3.36	3.34	3.20	3.17	3.22	3.19	3.24
Compound Leverage Factor	3.47	3.52	3.40	3.31	3.28	3.29	3.16	3.12	3.15	3.14	3.16
Debt to Total Capital	13.57%	12.77%	11.37%	11.04%	10.42%	9.66%	9.65%	10.27%	10.24%	9.94%	10.48%
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	13.57%	12.77%	11.37%	11.04%	10.42%	9.66%	9.65%	10.27%	10.24%	9.94%	10.48%
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	86.43%	87.23%	88.63%	88.96%	89.58%	90.34%	90.35%	89.73%	89.76%	90.06%	89.52%
Debt to EBITDA	0.42	0.39	0.36	0.35	0.35	0.32	0.33	0.34	0.33	0.31	0.33
Net Debt to EBITDA	-7.05	-7.28	-7.32	-7.32	-7.98	-7.73	-7.79	-7.63	-7.58	-7.29	-7.85
Long-Term Debt to EBITDA	0.42	0.39	0.36	0.35	0.35	0.32	0.33	0.34	0.33	0.31	0.33
Debt to NOPAT	0.51	0.49	0.44	0.44	0.45	0.41	0.41	0.44	0.42	0.39	0.42
Net Debt to NOPAT	-8.66	-8.97	-9.05	-9.18	-10.07	-9.75	-9.83	-9.70	-9.52	-9.14	-9.84
Long-Term Debt to NOPAT	0.51	0.49	0.44	0.44	0.45	0.41	0.41	0.44	0.42	0.39	0.42
Altman Z-Score	2.68	1.83	2.10	2.01	1.99	1.91	1.66	1.49	1.30	1.27	1.14
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	0.22	0.23	0.19	0.15	0.20	0.20	0.19	0.15	0.20	0.19	0.17
Quick Ratio	0.11	0.12	0.08	0.00	0.09	0.08	0.08	0.00	0.09	0.09	0.07
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	650	675	785	688	727	707	677	747	671	715	575
Operating Cash Flow to CapEx	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%	11,493.04%
Free Cash Flow to Firm to Interest Expense	268.19	263.35	303.25	268.99	286.59	276.40	263.62	250.54	211.76	215.21	178.51
Operating Cash Flow to Interest Expense	86.85	108.79	105.84	83.23	90.54	105.24	118.13	80.95	78.58	72.80	82.02
Operating Cash Flow Less CapEx to Interest Expense	85.40	107.30	103.59	79.01	85.75	98.58	112.71	77.40	76.20	71.96	81.31
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.38	0.37	0.37	0.37	0.35	0.35	0.34	0.34	0.34	0.33	0.32
Accounts Receivable Turnover	9.27	0.00	11.79	0.00	10.65	10.13	13.92	0.00	13.84	12.62	16.03
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	3.31	3.79	3.82	15.45	41.72	25.78	19.20	14.67	39.40	24.25	17.43
Days Sales Outstanding (DSO)	39.39	0.00	30.97	0.00	34.28	36.02	26.22	0.00	26.38	28.93	22.77
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)	110.11	96.35	95.43	23.63	8.75	14.16	19.01	24.89	9.26	15.05	20.94
Cash Conversion Cycle (CCC)	-70.72	-96.35	-64.46	-23.63	25.53	21.86	7.21	-24.89	17.12	13.88	1.83
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-1,942	-2,142	-2,340	-2,400	-2,578	-2,713	-2,874	-3,006	-3,134	-3,249	-3,348
Invested Capital Turnover	-0.80	-0.77	-0.76	-0.75	-0.72	-0.71	-0.69	-0.69	-0.67	-0.67	-0.63
Increase / (Decrease) in Invested Capital	-549	-581	-669	-577	-636	-571	-534	-606	-556	-537	-474
Enterprise Value (EV)	9,042	5,569	7,066	6,948	7,168	6,845	5,169	4,133	2,810	2,322	2,085
Market Capitalization	12,155	8,968	10,841	10,832	11,329	11,280	9,909	9,099	7,910	7,606	7,352
Book Value per Share	$50.67	$54.01	$61.62	$63.71	$68.00	$73.89	$80.05	$84.23	$84.97	$88.24	$84.25
Tangible Book Value per Share	$50.52	$53.86	$61.47	$63.55	$67.85	$73.74	$79.90	$84.08	$84.82	$88.09	$84.09
Total Capital	1,355	1,441	1,619	1,668	1,767	1,907	2,065	2,184	2,192	2,260	2,144
Total Debt	184	184	184	184	184	184	199	224	224	225	225
Total Long-Term Debt	184	184	184	184	184	184	199	224	224	225	225
Net Debt	-3,113	-3,399	-3,775	-3,884	-4,161	-4,435	-4,739	-4,966	-5,101	-5,284	-5,267
Capital Expenditures (CapEx)	3.51	3.82	5.83	11	12	17	14	11	7.55	2.79	2.30
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2,203	-2,436	-2,609	-2,848	-2,834	-3,038	-3,215	-3,427	-3,403	-3,556	-3,686
Debt-free Net Working Capital (DFNWC)	-2,067	-2,265	-2,497	-2,735	-2,692	-2,900	-3,044	-3,263	-3,180	-3,346	-3,526
Net Working Capital (NWC)	-2,067	-2,265	-2,497	-2,735	-2,692	-2,900	-3,044	-3,263	-3,180	-3,346	-3,526
Net Nonoperating Expense (NNE)	2.07	2.05	2.05	2.01	2.02	2.04	2.03	2.36	2.55	2.66	2.56
Net Nonoperating Obligations (NNO)	-3,113	-3,399	-3,775	-3,884	-4,161	-4,435	-4,739	-4,966	-5,101	-5,284	-5,267
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	-165.14%	-171.22%	-170.89%	-179.40%	-173.02%	-176.28%	-178.31%	-182.85%	-177.51%	-178.18%	-188.71%
Debt-free Net Working Capital to Revenue	-154.93%	-159.20%	-163.58%	-172.27%	-164.35%	-168.27%	-168.87%	-174.14%	-165.86%	-167.63%	-180.50%
Net Working Capital to Revenue	-154.93%	-159.20%	-163.58%	-172.27%	-164.35%	-168.27%	-168.87%	-174.14%	-165.86%	-167.63%	-180.50%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.28	$4.00	$4.93	$4.71	$3.85	$5.79	$6.12	$6.00	$4.90	$7.73	$4.36
Adjusted Weighted Average Basic Shares Outstanding	23.11M	23.17M	23.18M	23.15M	23.17M	23.18M	23.16M	23.14M	22.98M	22.76M	22.49M
Adjusted Diluted Earnings per Share	$4.24	$3.97	$4.90	$4.67	$3.83	$5.76	$6.09	$5.97	$4.88	$7.72	$4.36
Adjusted Weighted Average Diluted Shares Outstanding	23.34M	23.33M	23.34M	23.33M	23.31M	23.29M	23.27M	23.26M	23.06M	22.79M	22.50M
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	23.28M	23.29M	23.29M	23.28M	23.31M	23.30M	23.26M	23.15M	23.06M	22.78M	22.51M
Normalized Net Operating Profit after Tax (NOPAT)	101	95	116	111	91	136	144	141	115	179	101
Normalized NOPAT Margin	27.10%	24.61%	27.81%	26.96%	21.55%	28.98%	28.88%	29.17%	24.66%	32.55%	22.14%
Pre Tax Income Margin	31.08%	30.11%	34.54%	33.64%	26.53%	35.82%	35.96%	36.18%	29.92%	40.07%	27.18%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	48.84	46.16	56.77	55.18	45.25	66.82	70.63	59.63	45.10	67.15	39.39
NOPAT to Interest Expense	41.70	36.91	44.91	43.42	35.95	53.25	55.93	47.28	36.35	53.73	31.27
EBIT Less CapEx to Interest Expense	47.39	44.67	54.52	50.97	40.47	60.16	65.21	56.07	42.71	66.31	38.68
NOPAT Less CapEx to Interest Expense	40.26	35.42	42.66	39.20	31.17	46.60	50.51	43.72	33.96	52.89	30.56
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	3.76%	3.62%	3.35%	3.36%	3.56%	3.33%	3.24%	3.13%	3.34%	3.40%	3.99%
Augmented Payout Ratio	3.76%	3.62%	3.35%	5.77%	8.50%	10.05%	13.78%	21.00%	30.38%	44.38%	63.60%

Financials Breakdown Chart

Key Financial Trends

Kinsale Capital Group’s financial performance remains on an upward trajectory, despite some quarter-to-quarter volatility. Operating revenue increased from $222.1 million in Q3 2022 to $548.5 million in Q2 2026. The latest quarter represented a 17.5% increase from Q1 2026 and a 16.7% increase from the restated Q2 2025 figure of $469.8 million. Net income rose even faster, reaching $175.9 million in Q2 2026 versus $134.1 million a year earlier, while diluted EPS increased from $5.76 to $7.72.

Profitability also improved materially. Q2 2026 gross profit was $317.6 million, producing a gross margin of approximately 57.9%, compared with 53.7% in Q2 2025. Operating income rose to $223.1 million, and the operating margin expanded to roughly 40.7% from 36.4% a year earlier. The data suggests that Kinsale is benefiting from revenue growth and strong underwriting economics, although the “other operating expenses” category remains large and should be monitored.

The balance sheet has expanded substantially alongside the business. Total assets increased from $2.46 billion in Q3 2022 to $6.43 billion in Q2 2026, driven primarily by long-term investments, which reached $5.30 billion. Shareholders’ equity also grew from $619.5 million to $2.04 billion over the same period. However, cash flow remains heavily influenced by investment purchases, share repurchases and insurance-related liabilities. Investors should also account for the restated 2024 and 2025 figures when comparing historical results.

Strong revenue growth: Operating revenue more than doubled from $222.1 million in Q3 2022 to $548.5 million in Q2 2026, with particularly strong growth in the latest quarter.
Accelerating earnings: Q2 2026 net income increased approximately 31% year over year, outpacing revenue growth and indicating improved earnings conversion.
Higher margins: Gross and operating margins expanded year over year in Q2 2026, supporting the increase in diluted EPS to $7.72.
Consistently positive operating cash flow: Net cash from operating activities remained above $200 million in every reported quarter shown, including $241.9 million in Q2 2026.
Growing capital base: Total equity increased to $2.04 billion in Q2 2026 from $619.5 million in Q3 2022, providing a larger financial cushion for continued expansion.
Shareholder returns are increasing: The company repurchased $100.6 million of common stock in Q2 2026, while the quarterly dividend per share increased from $0.13 in Q3 2022 to $0.25 in Q1 2026.
Investment portfolio expansion: Long-term investments grew to $5.30 billion from $1.82 billion in Q3 2022. This can support investment income, but it also increases exposure to interest-rate and market-value changes.
Balance-sheet growth is tied to insurance liabilities: Customer deposits increased to $3.19 billion and current deferred revenue reached $891.6 million in Q2 2026. These balances can support growth but represent obligations that must be managed carefully.
Cash balances have declined during 2026: Cash and equivalents fell from $223.3 million in Q1 2026 to $210.5 million in Q2, as operating cash flow was more than offset by investment purchases, share repurchases and dividends.
Investing activity produces recurring cash outflows: Q2 2026 investment purchases totaled $487.3 million, compared with $341.0 million of investment sales and maturities, resulting in $149.1 million of net investing outflow.

Overall, the statements show a company with strong growth, expanding profitability and reliable operating cash generation. The primary risks are the continued investment-related cash drain, rising insurance-related liabilities and the possibility that market or underwriting conditions could pressure the company’s unusually strong margins.

11/13/26 06:03 PM 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%.

In the past 13 quarters, Kinsale Capital Group's cash and equivalents has ranged from $111.69 million in Q3 2024 to $223.26 million in Q1 2026, and is currently $160.51 million as of their latest financial filing in Q3 2026.

Kinsale Capital Group had total debt of $224.40 million at the end of 2025, a 21.9% increase from 2024, and a 658.0% increase since 2015.

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 10/22/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Kinsale Capital Group (KNSL) Financials

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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

Financials Breakdown Chart

Key Financial Trends

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 cash does Kinsale Capital Group have?

How much debt 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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