Kinsale Capital Group, Inc. (KNSL)

Kinsale Capital Group Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	1,288	1,073	794.12	582.88	412.75	282.98
Total Interest & Dividend Income	138.81	102.34	51.28	31.05	26.11	20.13
Gain (Loss) on Sale of Investments	65.72	21.13	-26.9	25.64	20.39	12.75
Other Revenue	34.49	28.45	20.3	13.91	0.63	0.03
Total Revenue	1,527	1,224	838.8	653.47	459.89	315.89
Revenue Growth (YoY)	36.12%	45.98%	28.36%	42.09%	45.59%	42.22%
Policy Benefits	738.94	600.22	457.91	324.42	263.8	169.56
Policy Acquisition & Underwriting Costs	381.96	313.97	225.02	164.3	110.44	82.56
Other Operating Expenses	3.17	0.94	0.72	0.67	1.21	0.06
Reinsurance Income or Expense	113.6	85	44.7	25.7	16.15	12.35
Total Operating Expenses	1,010	830.13	638.96	463.68	359.31	239.84
Operating Income	516.1	394.32	199.85	189.8	100.58	76.05
Interest Expense	-10.01	-10.3	-4.28	-0.99	-0.17	-
Pretax Income	506.09	384.02	195.56	188.8	100.41	76.05
Income Tax Expense	96.95	75.92	36.45	36.14	11.99	12.74
Net Income	409.14	308.09	159.11	152.66	88.42	63.32
Net Income to Common	409.14	308.09	159.11	152.66	88.42	63.32
Net Income Growth	50.44%	93.63%	4.23%	72.65%	39.65%	87.40%
Shares Outstanding (Basic)	23	23	23	23	22	22
Shares Outstanding (Diluted)	23	23	23	23	23	22
Shares Change (YoY)	0.25%	0.79%	0.27%	0.92%	3.23%	2.08%
EPS (Basic)	17.69	13.37	6.97	6.73	3.96	2.94
EPS (Diluted)	17.53	13.22	6.88	6.62	3.87	2.86
EPS Growth	50.01%	92.15%	3.93%	71.06%	35.31%	83.33%
Free Cash Flow	960.59	853.23	550.91	401.12	247.1	158.74
Free Cash Flow Per Share	41.17	36.61	23.82	17.39	10.81	7.17
Dividend Per Share	0.590	0.560	0.520	0.440	0.360	0.320
Dividend Growth	7.27%	7.69%	18.18%	22.22%	12.50%	14.29%
Operating Margin	33.81%	32.20%	23.83%	29.04%	21.87%	24.08%
Profit Margin	26.80%	25.16%	18.97%	23.36%	19.23%	20.04%
Free Cash Flow Margin	62.92%	69.68%	65.68%	61.38%	53.73%	50.25%
EBITDA	519.78	397.59	202.57	192.1	102.16	76.73
EBITDA Margin	34.05%	32.47%	24.15%	29.40%	22.21%	24.29%
D&A For EBITDA	3.69	3.27	2.72	2.31	1.57	0.68
EBIT	516.1	394.32	199.85	189.8	100.58	76.05
EBIT Margin	33.81%	32.20%	23.83%	29.04%	21.87%	24.08%
Effective Tax Rate	19.16%	19.77%	18.64%	19.14%	11.94%	16.75%
Revenue as Reported	1,527	1,224	838.8	653.47	459.89	315.89

Source: S&P Capital IQ. Insurance template. Financial Sources.