KNSL · Kinsale Capital Group, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.87B | $1.59B | $1.22B | $819.20M | $639.78M | $459.89M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | $1.24B | $1.07B | $840.43M | $623.64M | $450.98M | $359.47M |
| D&A | $5.83M | $5.80M | $3.27M | $2.72M | $2.31M | $1.57M |
| Operating Income | $634.30M | $514.72M | $384.02M | $195.56M | $188.80M | $100.41M |
| Interest Expense | $10.65M | $10.13M | $10.30M | $4.28M | $1.00M | $1.00M |
| Income Tax | $130.69M | $99.87M | $75.92M | $36.45M | $36.14M | $11.99M |
| Net Income | $503.61M | $414.84M | $308.09M | $159.11M | $152.66M | $88.42M |
| EPS - Basic | $21.76 | $17.92 | $13.37 | $6.97 | $6.73 | $3.96 |
| EPS - Diluted | $21.65 | $17.78 | $13.22 | $6.88 | $6.62 | $3.87 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $163.36M | $113.21M | $126.69M | $156.27M | $121.04M | $77.09M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $6.04B | $4.89B | $3.77B | $2.75B | $2.03B | $1.55B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $224.40M | $184.12M | $183.85M | $42.70M | - | - |
| Total Liabilities | $4.08B | $3.40B | $2.69B | $2.00B | $1.33B | $970.66M |
| Stockholders' Equity | $1.96B | $1.48B | $1.09B | $745.45M | $699.34M | $576.24M |
| Retained Earnings | $1.72B | $1.23B | $828.25M | $533.12M | $385.94M | $243.31M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.04B | $976.30M | $859.84M | $557.82M | $407.04M | $279.97M |
| Investing Cash Flow | ($922.21M) | ($960.13M) | ($860.89M) | ($708.57M) | ($351.95M) | ($379.43M) |
| Financing Cash Flow | ($71.38M) | ($29.66M) | ($28.52M) | $185.99M | ($11.14M) | $76.14M |
| CapEx | $53.69M | $23.94M | $6.61M | $6.90M | $5.92M | $32.88M |
| Free Cash Flow | $990.05M | $952.36M | $853.23M | $550.91M | $401.12M | $247.10M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 33.8% | 32.4% | 31.4% | 23.9% | 29.5% | 21.8% |
| EBITDA margin | 34.2% | 32.8% | 31.6% | 24.2% | 29.9% | 22.2% |
| Net margin | 26.9% | 26.1% | 25.2% | 19.4% | 23.9% | 19.2% |
| Free cash flow margin | 52.8% | 60.0% | 69.7% | 67.3% | 62.7% | 53.7% |
| FCF / Net income | 1.97 | 2.30 | 2.77 | 3.46 | 2.63 | 2.79 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | 20.6% | 19.4% | 19.8% | 18.6% | 19.1% | 11.9% |
| Return on assets | 8.3% | 8.5% | 8.2% | 5.8% | 7.5% | 5.7% |
| Return on equity | 25.7% | 28.0% | 28.3% | 21.3% | 21.8% | 15.3% |
| Return on invested capital | 23.1% | 24.9% | 24.2% | 20.2% | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 0.11 | 0.12 | 0.17 | 0.06 | - | - |
| Debt / Assets | 0.04 | 0.04 | 0.05 | 0.02 | - | - |
| Debt / EBITDA | 0.35 | 0.35 | 0.47 | 0.22 | - | - |
| Interest coverage | 59.6x | 50.8x | 37.3x | 45.6x | 188.8x | 100.4x |
| Equity multiplier | 3.08 | 3.29 | 3.47 | 3.69 | 2.90 | 2.68 |
| Liabilities / Assets | 0.68 | 0.70 | 0.71 | 0.73 | 0.65 | 0.63 |
| Efficiency | ||||||
| Asset turnover | 0.31 | 0.32 | 0.32 | 0.30 | 0.32 | 0.30 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 18.1x | 26.2x | 25.3x | 38.0x | 35.9x | 51.7x |
| P / B | 4.6x | 7.3x | 7.2x | 8.1x | 7.8x | 7.9x |
| P / S | 4.9x | 6.8x | 6.4x | 7.4x | 8.6x | 9.9x |
| EV / EBITDA | 14.3x | 21.0x | 20.3x | 29.9x | 28.1x | 44.1x |
| Growth | ||||||
| Revenue growth (YoY) | 18.0% | 29.7% | 49.5% | 28.0% | 39.1% | 45.6% |
| Revenue CAGR (3y) | 31.8% | 35.4% | 38.6% | 37.4% | 42.3% | 35.0% |
| Revenue CAGR (5y) | 32.4% | 38.1% | 40.7% | 34.4% | 35.2% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 23.2% | 34.0% | 96.4% | 3.6% | 88.0% | 32.0% |
| Net income growth (YoY) | 21.4% | 34.6% | 93.6% | 4.2% | 72.7% | 39.6% |
| EPS growth (YoY) | 21.8% | 34.5% | 92.2% | 3.9% | 71.1% | 35.3% |
| EPS CAGR (3y) | 46.5% | 39.0% | 50.6% | 34.0% | - | - |
| EPS CAGR (5y) | 41.1% | 44.1% | - | - | - | - |
| FCF growth (YoY) | 4.0% | 11.6% | 54.9% | 37.3% | 62.3% | 327.7% |
| FCF CAGR (5y) | 32.0% | 75.2% | 52.7% | 48.1% | 40.5% | - |
| Book value growth (YoY) | 32.1% | 36.5% | 45.8% | 6.6% | 21.4% | 42.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.87B totalExcess And Surplus Lines Segment$1.87B · 100.0%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Fire, Marine & Casualty Insurance
Comparing Kinsale Capital Group against the 5 most active filers in the same SIC group.
Dividends
$0.84/share trailing 12 months · +31.3% YoY
| Ex-date | Per share |
|---|---|
| May 28, 2026 | $0.2500 |
| Feb 26, 2026 | $0.2500 |
| Nov 28, 2025 | $0.1700 |
| Aug 29, 2025 | $0.1700 |
| May 29, 2025 | $0.1700 |
| Feb 27, 2025 | $0.1700 |
| Nov 29, 2024 | $0.1500 |
| Aug 29, 2024 | $0.1500 |
| May 31, 2024 | $0.1500 |
| Feb 26, 2024 | $0.1500 |
| Nov 28, 2023 | $0.1400 |
| Aug 28, 2023 | $0.1400 |
| May 30, 2023 | $0.1400 |
| Feb 27, 2023 | $0.1400 |
| Nov 29, 2022 | $0.1300 |
| Aug 26, 2022 | $0.1300 |
| May 27, 2022 | $0.1300 |
| Mar 1, 2022 | $0.1300 |
| Nov 26, 2021 | $0.1100 |
| Aug 30, 2021 | $0.1100 |
| May 26, 2021 | $0.1100 |
| Feb 25, 2021 | $0.1100 |
| Nov 27, 2020 | $0.0900 |
| Aug 28, 2020 | $0.0900 |