Kinsale Capital Group, Inc. (KNSL)

Kinsale Capital Group Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	503.61	414.84	308.09	159.11	152.66
Depreciation & Amortization	5.83	5.8	3.27	2.72	2.31
Gain (Loss) on Sale of Investments	-63.22	-50.72	-21.13	26.9	-25.64
Stock-Based Compensation	17.88	14.15	9.36	6.68	4.84
Change in Accounts Receivable	15.43	3.19	-37.46	-34.75	-22.36
Change in Accounts Payable	10.86	8.94	12.52	8.11	10.1
Change in Unearned Revenue	31.95	127.1	201.67	151.95	86.74
Change in Income Taxes	0.76	-0.36	0.74	7.52	-3.88
Change in Insurance Reserves / Liabilities	605.2	592.79	454.47	357.06	245.33
Change in Other Net Operating Assets	-75.44	-114.72	-35.48	-93.66	-32.43
Other Operating Activities	0.34	-3.83	-9.43	-14.19	-0.58
Operating Cash Flow	1,044	976.3	859.84	557.82	407.04
Operating Cash Flow Growth	6.91%	13.54%	54.14%	37.04%	45.39%
Capital Expenditures	-53.69	-23.94	-6.61	-6.9	-5.92
Investment in Securities	-868.53	-935.87	-914.21	-625.05	-346.04
Investing Cash Flow	-922.21	-960.13	-860.89	-708.57	-351.96
Long-Term Debt Issued	40	-	50	198	-
Total Debt Repaid	-	-	-62	-43	-
Net Debt Issued (Repaid)	40	-	-12	155	-
Issuance of Common Stock	0.68	1.33	0.88	48.59	0.98
Repurchases of Common Stock	-96.28	-17.05	-4.28	-3.29	-2.1
Common Dividends Paid	-15.78	-13.94	-12.95	-11.93	-10.02
Other Financing Activities	-	-	-0.16	-2.38	-
Financing Cash Flow	-71.38	-29.66	-28.52	185.99	-11.14
Net Cash Flow	50.15	-13.48	-29.58	35.23	43.95
Free Cash Flow	990.05	952.36	853.23	550.91	401.12
Free Cash Flow Growth	3.96%	11.62%	54.87%	37.34%	62.33%
Free Cash Flow Margin	52.83%	59.99%	69.68%	65.68%	61.38%
Free Cash Flow Per Share	42.57	40.82	36.61	23.82	17.39
Cash Interest Paid	10.4	10.3	10.5	2.4	0.9
Cash Income Tax Paid	129.6	104.1	84.6	43.1	40.6
Levered Free Cash Flow	961.23	940.84	906.17	471.79	422.31
Unlevered Free Cash Flow	967.88	947.17	912.61	474.47	422.93
Change in Working Capital	579.29	596.06	569.67	376.6	273.45

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q