Kinsale Capital Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	1,576	1,350	1,073	794.12	582.88
Total Interest & Dividend Income	192.19	150.29	102.34	51.28	31.05
Gain (Loss) on Sale of Investments	63.22	50.72	21.13	-26.9	25.64
Other Revenue	42.73	36.04	28.45	20.3	13.91
Total Revenue	1,874	1,588	1,224	838.8	653.47
Revenue Growth (YoY)	18.05%	29.65%	45.98%	28.36%	42.09%
Policy Benefits	890.69	772.9	600.22	457.91	324.42
Policy Acquisition & Underwriting Costs	336.7	406.15	313.97	225.02	164.3
Other Operating Expenses	1.65	3.97	0.94	0.72	0.67
Reinsurance Income or Expense	-	120.34	85	44.7	25.7
Total Operating Expenses	1,229	1,063	830.13	638.96	463.68
Operating Income	644.95	524.85	394.32	199.85	189.8
Interest Expense	-10.65	-10.13	-10.3	-4.28	-0.99
Pretax Income	634.3	514.72	384.02	195.56	188.8
Income Tax Expense	130.69	99.87	75.92	36.45	36.14
Net Income	503.61	414.84	308.09	159.11	152.66
Net Income to Common	503.61	414.84	308.09	159.11	152.66
Net Income Growth	21.40%	34.65%	93.63%	4.23%	72.65%
Shares Outstanding (Basic)	23	23	23	23	23
Shares Outstanding (Diluted)	23	23	23	23	23
Shares Change (YoY)	-0.31%	0.11%	0.79%	0.27%	0.92%
EPS (Basic)	21.76	17.92	13.37	6.97	6.73
EPS (Diluted)	21.65	17.78	13.22	6.88	6.62
EPS Growth	21.77%	34.49%	92.15%	3.93%	71.06%
Free Cash Flow	-	952.36	853.23	550.91	401.12
Free Cash Flow Per Share	-	40.82	36.61	23.82	17.39
Dividend Per Share	0.680	0.600	0.560	0.520	0.440
Dividend Growth	13.33%	7.14%	7.69%	18.18%	22.22%
Operating Margin	34.42%	33.06%	32.20%	23.82%	29.04%
Profit Margin	26.87%	26.13%	25.16%	18.97%	23.36%
Free Cash Flow Margin	-	59.99%	69.68%	65.68%	61.38%
EBITDA	649.36	530.65	397.59	202.57	192.1
EBITDA Margin	34.65%	33.43%	32.47%	24.15%	29.40%
D&A For EBITDA	4.41	5.8	3.27	2.72	2.31
EBIT	644.95	524.85	394.32	199.85	189.8
EBIT Margin	34.42%	33.06%	32.20%	23.82%	29.04%
Effective Tax Rate	20.60%	19.40%	19.77%	18.64%	19.14%
Revenue as Reported	1,874	1,588	1,224	838.8	653.47

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.