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Kinsale Capital Financials

KNSL
Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Kinsale Capital (KNSL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 100 / 100
Financial Profile 100/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth
100

Kinsale Capital's revenue surged 29.7% year-over-year to $1.6B, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage
100

Kinsale Capital carries a low D/E ratio of 0.12, meaning only $0.12 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow
100

Kinsale Capital converts 60.0% of revenue into free cash flow ($952.4M). This strong cash generation earns a score of 100/100.

Returns
100

Kinsale Capital earns a strong 28.0% return on equity (ROE), meaning it generates $28 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 28.3% the prior year.

Piotroski F-Score Neutral
6/9

Kinsale Capital passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
2.35x

For every $1 of reported earnings, Kinsale Capital generates $2.35 in operating cash flow ($976.3M OCF vs $414.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue
$1.6B
YoY+29.7%
5Y CAGR+38.1%
10Y CAGR+37.9%

Kinsale Capital generated $1.6B in revenue in fiscal year 2024. This represents an increase of 29.7% from the prior year.

EBITDA
N/A
Free Cash Flow
$952.4M
YoY+11.6%
5Y CAGR+43.1%
10Y CAGR+28.3%

Kinsale Capital generated $952.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 11.6% from the prior year.

Net Income
$414.8M
YoY+34.6%
5Y CAGR+45.6%
10Y CAGR+41.4%

Kinsale Capital reported $414.8M in net income in fiscal year 2024. This represents an increase of 34.6% from the prior year.

EPS (Diluted)
$17.78
YoY+34.5%
5Y CAGR+44.1%

Kinsale Capital earned $17.78 per diluted share (EPS) in fiscal year 2024. This represents an increase of 34.5% from the prior year.

Cash & Debt
$113.2M
YoY-10.6%
5Y CAGR+2.4%
10Y CAGR+16.8%

Kinsale Capital held $113.2M in cash against $184.1M in long-term debt as of fiscal year 2024.

Dividends Per Share
$0.60
YoY+7.1%
5Y CAGR+13.4%

Kinsale Capital paid $0.60 per share in dividends in fiscal year 2024. This represents an increase of 7.1% from the prior year.

Shares Outstanding
23M
YoY+0.4%
5Y CAGR+0.9%

Kinsale Capital had 23M shares outstanding in fiscal year 2024. This represents an increase of 0.4% from the prior year.

Gross Margin
N/A
Operating Margin
N/A
Net Margin
26.1%
YoY+1.0pp
5Y CAGR+6.1pp
10Y CAGR+5.8pp

Kinsale Capital's net profit margin was 26.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1.0 percentage points from the prior year.

Return on Equity
28.0%
YoY-0.4pp
5Y CAGR+12.4pp
10Y CAGR+14.0pp

Kinsale Capital's ROE was 28.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.4 percentage points from the prior year.

R&D Spending
N/A
Share Buybacks
$10.0M

Kinsale Capital spent $10.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures
$23.9M
YoY+262.4%
5Y CAGR+4.1%
10Y CAGR+36.6%

Kinsale Capital invested $23.9M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 262.4% from the prior year.

KNSL Income Statement

Metric Q3'25 Q2'25 Q1'25 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23
Revenue $497.5M+5.9% $469.8M+11.0% $423.4M+2.7% $412.1M+7.2% $384.6M+3.2% $372.8M+6.2% $351.2M+11.7% $314.4M
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses N/A N/A N/A N/A N/A N/A N/A N/A
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
Interest Expense $2.6M+0.5% $2.6M+0.7% $2.5M-0.8% $2.6M-0.2% $2.6M+5.9% $2.4M-0.5% $2.4M-5.4% $2.6M
Income Tax $37.2M+9.0% $34.2M+48.0% $23.1M-21.9% $29.6M+27.3% $23.2M+37.2% $16.9M-36.4% $26.6M+37.4% $19.4M
Net Income $141.6M+5.6% $134.1M+50.3% $89.2M-18.2% $109.1M+17.8% $92.6M-6.4% $98.9M-4.3% $103.4M+35.8% $76.1M
EPS (Diluted) $6.09+5.7% $5.76+50.4% $3.83-18.0% $4.67+17.6% $3.97-6.4% $4.24-4.5% $4.44+36.2% $3.26

KNSL Balance Sheet

Metric Q3'25 Q2'25 Q1'25 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23
Total Assets $5.8B+5.0% $5.6B+6.5% $5.2B+6.7% $4.9B+11.2% $4.4B+9.0% $4.0B+6.8% $3.8B+9.6% $3.4B
Current Assets N/A N/A N/A N/A N/A N/A N/A N/A
Cash & Equivalents $170.2M+23.2% $138.1M-2.8% $142.0M+25.5% $113.2M-33.8% $171.0M+25.6% $136.1M+7.4% $126.7M-22.2% $162.9M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $4.0B+3.5% $3.8B+5.6% $3.6B+6.7% $3.4B+8.4% $3.1B+9.7% $2.9B+6.5% $2.7B+6.6% $2.5B
Current Liabilities N/A N/A N/A N/A N/A N/A N/A N/A
Long-Term Debt $199.3M+8.2% $184.3M0.0% $184.2M0.0% $184.1M+0.1% $184.0M0.0% $183.9M0.0% $183.8M0.0% $183.8M
Total Equity $1.9B+8.3% $1.7B+8.8% $1.6B+6.7% $1.5B+18.0% $1.3B+7.4% $1.2B+7.7% $1.1B+17.7% $923.8M
Retained Earnings $1.6B+9.5% $1.4B+9.9% $1.3B+6.9% $1.2B+21.4% $1.0B+9.6% $923.7M+11.5% $828.2M+13.8% $728.1M

KNSL Cash Flow Statement

Metric Q3'25 Q2'25 Q1'25 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23
Operating Cash Flow $303.5M+12.8% $269.1M+17.1% $229.8M+7.9% $213.0M-23.6% $278.9M+32.6% $210.4M-0.6% $211.5M-5.9% $224.7M
Capital Expenditures $13.9M-18.1% $17.0M+40.2% $12.1M+12.5% $10.8M+182.5% $3.8M+8.7% $3.5M+217.5% $1.1M-13.7% $1.3M
Free Cash Flow $289.5M+14.9% $252.1M+15.8% $217.6M+7.6% $202.2M-26.5% $275.1M+33.0% $206.8M-1.7% $210.4M-5.8% $223.4M
Investing Cash Flow -$262.6M-1.3% -$259.3M-43.3% -$181.0M+8.6% -$198.0M+17.4% -$239.7M-24.5% -$192.5M+21.3% -$244.5M-42.4% -$171.7M
Financing Cash Flow -$8.8M+35.8% -$13.7M+31.4% -$20.0M-49.0% -$13.4M-205.6% -$4.4M+47.7% -$8.4M-158.8% -$3.2M+78.5% -$15.1M
Dividends Paid $3.9M-0.1% $3.9M-1.4% $4.0M+14.9% $3.5M-0.4% $3.5M-0.2% $3.5M+8.3% $3.2M+0.1% $3.2M
Share Buybacks $20.0M+100.0% $10.0M0.0% $10.0M0.0% $10.0M $0 $0 N/A N/A

KNSL Financial Ratios

Metric Q3'25 Q2'25 Q1'25 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin 28.5%-0.1pp 28.5%+7.5pp 21.1%-5.4pp 26.5%+2.4pp 24.1%-2.5pp 26.5%-2.9pp 29.4%+5.2pp 24.2%
Return on Equity 7.6%-0.2pp 7.8%+2.1pp 5.6%-1.7pp 7.3%-0.0pp 7.4%-1.1pp 8.5%-1.1pp 9.5%+1.3pp 8.2%
Return on Assets 2.4%+0.0pp 2.4%+0.7pp 1.7%-0.5pp 2.2%+0.1pp 2.1%-0.3pp 2.5%-0.3pp 2.7%+0.5pp 2.2%
Current Ratio N/A N/A N/A N/A N/A N/A N/A N/A
Debt-to-Equity 0.110.0 0.110.0 0.120.0 0.12-0.0 0.15-0.0 0.16-0.0 0.17-0.0 0.20
FCF Margin 58.2%+4.5pp 53.6%+2.2pp 51.4%+2.3pp 49.1%-22.5pp 71.5%+16.1pp 55.5%-4.4pp 59.9%-11.2pp 71.1%

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Frequently Asked Questions

What is Kinsale Capital's annual revenue?

Kinsale Capital (KNSL) reported $1.6B in total revenue for fiscal year 2024. This represents a 29.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Kinsale Capital's revenue growing?

Kinsale Capital (KNSL) revenue grew by 29.7% year-over-year, from $1.2B to $1.6B in fiscal year 2024.

Is Kinsale Capital profitable?

Yes, Kinsale Capital (KNSL) reported a net income of $414.8M in fiscal year 2024, with a net profit margin of 26.1%.

What is Kinsale Capital's earnings per share (EPS)?

Kinsale Capital (KNSL) reported diluted earnings per share of $17.78 for fiscal year 2024. This represents a 34.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Kinsale Capital have?

As of fiscal year 2024, Kinsale Capital (KNSL) had $113.2M in cash and equivalents against $184.1M in long-term debt.

What is Kinsale Capital's net profit margin?

Kinsale Capital (KNSL) had a net profit margin of 26.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Kinsale Capital pay dividends?

Yes, Kinsale Capital (KNSL) paid $0.60 per share in dividends during fiscal year 2024.

What is Kinsale Capital's return on equity (ROE)?

Kinsale Capital (KNSL) has a return on equity of 28.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Kinsale Capital's free cash flow?

Kinsale Capital (KNSL) generated $952.4M in free cash flow during fiscal year 2024. This represents a 11.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Kinsale Capital's operating cash flow?

Kinsale Capital (KNSL) generated $976.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Kinsale Capital's total assets?

Kinsale Capital (KNSL) had $4.9B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Kinsale Capital's capital expenditures?

Kinsale Capital (KNSL) invested $23.9M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Kinsale Capital buy back shares?

Yes, Kinsale Capital (KNSL) spent $10.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Kinsale Capital have outstanding?

Kinsale Capital (KNSL) had 23M shares outstanding as of fiscal year 2024.

What is Kinsale Capital's debt-to-equity ratio?

Kinsale Capital (KNSL) had a debt-to-equity ratio of 0.12 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Kinsale Capital's return on assets (ROA)?

Kinsale Capital (KNSL) had a return on assets of 8.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Kinsale Capital's Piotroski F-Score?

Kinsale Capital (KNSL) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Kinsale Capital's earnings high quality?

Kinsale Capital (KNSL) has an earnings quality ratio of 2.35x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Kinsale Capital?

Kinsale Capital (KNSL) scores 100 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.