Revenue: As of FY2025, the actual value is USD 1.874 T, beating the estimate of USD 1.851 B.EPS: As of FY2025, the actual value is USD 21.65, beating the estimate of USD 20.8375.EBIT: As of FY2025, the actual value is USD 467.11 B.Kinsale Capital Group, Inc. operates within a single reportable segment: Excess and Surplus Lines Insurance. The company’s financial and operational highlights for the year ended December 31, 2025, compared to 2024, are as follows:<h4>Overall Financial Performance</h4><ul><li>Net Income: Increased by $88.8 million, or 21.4%, to $503.6 million in 2025 from $414.8 million in 2024. </li><li>Underwriting Income: Rose by $63.3 million, or 19.4%, to $389.2 million in 2025 from $325.9 million in 2024. </li><li>Combined Ratio: Improved slightly to 75.9% in 2025 from 76.4% in 2024. </li><li>Return on Equity: Decreased to 29.3% in 2025 from 32.3% in 2024. </li><li>Operating Return on Equity: Decreased to 26.4% in 2025 from 29.2% in 2024. </li><li>Income Tax Expense: Increased to $130.7 million in 2025 from $99.9 million in 2024. </li></ul><h4>Segment Revenue (Premiums)</h4><ul><li>Gross Written Premiums: Increased by $106.8 million, or 5.7%, to $2.0 billion in 2025 from $1.9 billion in 2024. </li><li>Ceded Written Premiums: Decreased by $31.8 million, or -8.1%, to - $361.2 million in 2025 from - $393.0 million in 2024. </li><li>Net Written Premiums: Increased by $138.7 million, or 9.4%, to $1.6 billion in 2025 from $1.5 billion in 2024. </li><li>Net Earned Premiums: Increased by $225.4 million, or 16.7%, to $1.6 billion in 2025 from $1.4 billion in 2024. </li><li>Net Retention Ratio: Was 81.7% in 2025, up from 79.0% in 2024. </li></ul><h4>Premium Breakdown by Division (Gross Written Premiums)</h4><ul><li>Commercial Property: $374.5 million (18.9%) in 2025, down from $456.2 million (24.4%) in 2024. </li><li>Excess Casualty: $277.0 million (14.0%) in 2025, up from $245.1 million (13.1%) in 2024. </li><li>General Casualty: $207.9 million (10.5%) in 2025, up from $169.2 million (9.0%) in 2024. </li><li>Small Business Casualty: $202.4 million (10.2%) in 2025, down from $195.6 million (10.5%) in 2024. </li><li>Construction: $147.6 million (7.5%) in 2025, down from $148.6 million (7.9%) in 2024. </li><li>Small Business Property: $102.4 million (5.2%) in 2025, up from $76.8 million (4.1%) in 2024. </li><li>Allied Health: $97.0 million (4.9%) in 2025, up from $83.1 million (4.5%) in 2024. </li><li>Entertainment: $70.0 million (3.6%) in 2025, up from $55.2 million (2.9%) in 2024. </li><li>Products Liability: $67.9 million (3.4%) in 2025, up from $67.0 million (3.6%) in 2024. </li><li>Commercial Auto: $48.7 million (2.5%) in 2025, up from $35.0 million (1.9%) in 2024. </li><li>All other commercial lines: $322.0 million (16.3%) in 2025, up from $289.7 million (15.5%) in 2024. </li><li>High Value Homeowners: $36.1 million (1.8%) in 2025, up from $26.8 million (1.4%) in 2024. </li><li>Personal Insurance: $23.7 million (1.2%) in 2025, up from $22.1 million (1.2%) in 2024. </li></ul><h4>Operational Metrics</h4><ul><li>Losses and Loss Adjustment Expenses: Increased by $117.8 million, or 15.2%, to $890.7 million in 2025 from $772.9 million in 2024. </li><li>Loss Ratio: Decreased to 55.1% in 2025 from 55.8% in 2024. </li><li>Current accident year losses: Were $923.2 million (57.1%) in 2025, compared to $785.0 million (56.7%) in 2024. </li><li>Catastrophe losses for the current accident year: Were $30.4 million (1.9%) in 2025. </li><li>Prior year development: Was favorable by $62.8 million (-3.9%) in 2025. </li><li>Underwriting, Acquisition and Insurance Expenses: Increased by $50.9 million, or 17.8%, to $336.7 million in 2025 from $285.8 million in 2024. </li><li>Expense Ratio: Increased to 20.8% in 2025 from 20.6% in 2024. </li><li>Average Premium per Policy Written: $13,400 in 2025, down from $15,100 in 2024. </li><li>New Business Submissions Processed: Approximately 988,000 in 2025, with 711,000 quotes issued (72.0% quote ratio) and 75,000 policies bound (7.6% new policy to new submission ratio). </li></ul><h4>Investing Results</h4><ul><li>Net Investment Income: Increased by 27.9% to $192.2 million in 2025 from $150.3 million in 2024. </li><li>Change in Fair Value of Equity Securities: $58.8 million in appreciation in 2025, compared to $43.4 million in 2024. </li><li>Net Realized Investment Gains: $4.4 million in 2025, down from $6.8 million in 2024. </li><li>Total Cash and Invested Assets: $5.2 billion at December 31, 2025, up from $4.1 billion at December 31, 2024. </li></ul><h4>Cash Flows</h4><ul><li>Net Cash Provided by Operating Activities: $1,043.7 million in 2025, up from $976.3 million in 2024. </li><li>Net Cash Used in Investing Activities: - $922.2 million in 2025, compared to - $960.1 million in 2024. </li><li>Net Cash Used in Financing Activities: - $71.4 million in 2025, compared to - $29.7 million in 2024. </li></ul><h4>Liquidity and Capital Resources</h4><ul><li>Total Stockholders’ Equity: $2.0 billion at December 31, 2025, up from $1.5 billion at December 31, 2024. </li><li>Tangible Stockholders’ Equity: $1,956.8 million at December 31, 2025, up from $1,480.8 million at December 31, 2024. </li><li>Debt Outstanding: $224.4 million, net of debt issuance costs, as of December 31, 2025. </li><li>Holding Company Cash and Investments: $50.0 million at December 31, 2025, compared to $12.3 million at December 31, 2024. </li><li>Share Repurchases: $90.0 million in 2025. </li><li>New Share Repurchase Program: Authorized in December 2025 for up to $250.0 million. </li></ul><h4>Outlook / Guidance</h4>Kinsale Capital Group, Inc. estimated pre-tax catastrophe losses of approximately $25.0 million, net of reinsurance, in January 2025. These losses are expected to be reflected in the first quarter of 2025 due to wildfires in Southern California. The company noted that these estimates are subject to change given the ongoing nature of the events and claim complexity.

Kinsale Capital | 10-K: FY2025 Revenue Beats Estimate at USD 1.874 T