Kinsale Capital Group Earnings 2020-06-30

Balance Sheet	Income Statement	Cash Flow
Assets, Equity	Rev, G Profit, Net Income	Ops, Inv, Fin

knsl-20200630

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q


☒			Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended June 30, 2020


☐			Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from _______ to _______

Commission File Number: 001-37848



	KINSALE CAPITAL GROUP, INC.
	(Exact name of registrant as specified in its charter)
Delaware		98-0664337
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification Number)

2221 Edward Holland Drive

Suite 600

Richmond, Virginia 23230

(Address of principal executive offices, including zip code)

(804) 289-1300

(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01	KNSL	Nasdaq Global Select Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer

☒

Accelerated filer ☐

Non-accelerated filer ☐

Smaller reporting company

☐

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Number of shares of the registrant's common stock outstanding at July 24, 2020: 22,303,443

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KINSALE CAPITAL GROUP, INC.

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PART I. FINANCIAL INFORMATION

Item 1.

Financial Statements

Consolidated Balance Sheets at June 30, 2020 (Unaudited) and December 31, 2019

Consolidated Statements of Income and Comprehensive Income (Unaudited) for the Three and Six Months Ended June 30, 2020 and 2019

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) for the Three and Six Months Ended June 30, 2020 and 2019

Condensed Consolidated Statements of Cash Flows (Unaudited) for the Six Months Ended June 30, 2020 and 2019

Notes to Condensed Consolidated Financial Statements (Unaudited)

Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Item 4.

Controls and Procedures

PART II. OTHER INFORMATION

Item 1.

Legal Proceedings

Item 1A.

Risk Factors

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

Item 6.

Exhibits

Signatures

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Forward-Looking Statements

This Quarterly Report on Form 10-Q contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include any statement that does not directly relate to historical or current fact. These statements may discuss, among others, our future financial performance, our business prospects and strategy, our anticipated financial position, liquidity and capital, dividends and general market and industry conditions. You can identify forward-looking statements by words such as "anticipates," "estimates," "expects," "intends," "plans," "predicts," "projects," "believes," "seeks," "outlook," "future," "will," "would," "should," "could," "may," "can have" and similar terms. Forward-looking statements are based on management’s current expectations and assumptions about future events, which are subject to uncertainties, risks and changes in circumstances that are difficult to predict. These statements are only predictions and are not guarantees of future performance. Actual results may differ materially from those contemplated by a forward-looking statement. Factors that may cause such differences include, without limitation:

•the possibility that our loss reserves may be inadequate to cover our actual losses, which could have a material adverse effect on our financial condition, results of operations and cash flows;

•the inherent uncertainty of models resulting in actual losses that are materially different than our estimates;

•adverse economic factors, including recession, inflation, periods of high unemployment or lower economic activity resulting in the sale of fewer policies than expected or an increase in frequency or severity of claims and premium defaults or both, affecting our growth and profitability;

•a decline in our financial strength rating adversely affecting the amount of business we write;

•the potential loss of one or more key executives or an inability to attract and retain qualified personnel adversely affecting our results of operations;

•our reliance on a select group of brokers;

•the failure of any of the loss limitations or exclusions we employ, or change in other claims or coverage issues, having a material adverse effect on our financial condition or results of operations;

•the performance of our investment portfolio adversely affecting our financial results;

•the changing market conditions of our excess and surplus lines ("E&S") insurance operations, as well as the cyclical nature of our business, affecting our financial performance;

•extensive regulation adversely affecting our ability to achieve our business objectives or the failure to comply with these regulations adversely affecting our financial condition and results of operations;

•the ability to pay dividends being dependent on our ability to obtain cash dividends or other permitted payments from our insurance subsidiary;

•being forced to sell investments to meet our liquidity requirements;

•the inability to obtain reinsurance coverage at reasonable prices and on terms that adequately protect us;

•our employees taking excessive risks;

•the possibility that severe weather conditions, catastrophes, pandemics and similar events may adversely affect our business, results of operations and financial condition;

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•the inability to manage our growth effectively;

•the intense competition for business in our industry;

•the effects of litigation having an adverse effect on our business;

•the failure to maintain effective internal controls in accordance with the Sarbanes-Oxley of 2002 (the "Sarbanes-Oxley Act"); and

•the other risks and uncertainties discussed in Part I, Item 1A of the Annual Report on Form 10-K for the year ended December 31, 2019.

Forward-looking statements speak only as of the date on which they are made. Except as expressly required under federal securities laws or the rules and regulations of the Securities and Exchange Commission ("SEC"), we do not assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements. All forward-looking statements attributable to us are expressly qualified by these cautionary statements.

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PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

KINSALE CAPITAL GROUP, INC. AND SUBSIDIARIES

Consolidated Balance Sheets (Unaudited)


	June 30, 2020		December 31, 2019
	(in thousands, except share and per share data)
Assets
Investments:
Fixed-maturity securities available for sale, at fair value (amortized cost: $856,136 in 2020; $714,817 in 2019)	$	893,364	$	729,532
Equity securities, at fair value (cost: $96,178 in 2020 $64,245 in 2019)	107,905		78,294

Total investments	1,001,269		807,826
Cash and cash equivalents	62,976		100,408
Investment income due and accrued	6,174		4,743
Premiums receivable, net	50,866		34,483
Reinsurance recoverables	73,123		72,574
Ceded unearned premiums	19,399		16,118
Deferred policy acquisition costs, net of ceding commissions	28,942		23,564
Intangible assets	3,538		3,538
Deferred income tax asset, net	—		3,374
Other assets	43,061		23,922
Total assets	$	1,289,348	$	1,090,550

Liabilities and Stockholders' Equity
Liabilities:
Reserves for unpaid losses and loss adjustment expenses	$	525,801	$	460,058
Unearned premiums	229,599		187,374
Payable to reinsurers	14,407		7,151
Accounts payable and accrued expenses	9,936		12,366
Credit facility	33,107		16,744
Deferred income tax liability, net	61		—
Other liabilities	20,323		977
Total liabilities	833,234		684,670

Stockholders’ equity:
Common stock, $0.01 par value, 400,000,000 shares authorized, 22,302,943 and 22,205,665 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively	223		222
Additional paid-in capital	230,265		229,229
Retained earnings	194,323		162,911
Accumulated other comprehensive income	31,303		13,518
Total stockholders’ equity	456,114		405,880
Total liabilities and stockholders’ equity	$	1,289,348	$	1,090,550

See accompanying notes to condensed consolidated financial statements.

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KINSALE CAPITAL GROUP, INC. AND SUBSIDIARIES

Consolidated Statements of Income and Comprehensive Income (Unaudited)


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
	(in thousands, except per share data)
Revenues:
Gross written premiums	$	134,091	$	94,947	$	258,127	$	179,573
Ceded written premiums	(16,484)		(12,260)		(32,467)		(23,819)
Net written premiums	117,607		82,687		225,660		155,754
Change in unearned premiums	(20,650)		(16,600)		(38,942)		(28,176)
Net earned premiums	96,957		66,087		186,718		127,578
Net investment income	6,645		4,806		12,605		9,321
Change in the fair value of equity securities	13,839		1,909		(2,322)		7,804
Net realized investment gains (losses)	253		(235)		1,029		45
Other income	13		5		23		9
Total revenues	117,707		72,572		198,053		144,757

Expenses:
Losses and loss adjustment expenses	58,304		39,579		112,037		73,311
Underwriting, acquisition and insurance expenses	22,961		16,437		44,544		32,053
Other expenses	—		21		—		57
Total expenses	81,265		56,037		156,581		105,421
Income before income taxes	36,442		16,535		41,472		39,336
Total income tax expense	6,180		2,768		6,124		6,849
Net income	30,262		13,767		35,348		32,487
Other comprehensive income:
Change in unrealized gains on available-for-sale investments, net of taxes of $7,180 and $4,728 in 2020 and $1,743 and $3,544 in 2019	27,008		6,555		17,785		13,335
Total comprehensive income	$	57,270	$	20,322	$	53,133	$	45,822


Earnings per share:
Basic	$	1.37	$	0.65	$	1.60	$	1.53
Diluted	$	1.33	$	0.63	$	1.56	$	1.49

Weighted-average shares outstanding:
Basic	22,153		21,210		22,131		21,190
Diluted	22,707		21,832		22,694		21,803

See accompanying notes to condensed consolidated financial statements.

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KINSALE CAPITAL GROUP, INC. AND SUBSIDIARIES

Consolidated Statements of Changes in Stockholders' Equity (Unaudited)


	Shares of Common Stock	Common Stock		Additional Paid-in Capital		Retained Earnings		Accumu- lated Other Compre- hensive Income		Total Stock- holders' Equity
	(in thousands)
Balance at December 31, 2019	22,206	$	222	$	229,229	$	162,911	$	13,518	$	405,880
Adoption of new accounting standard for credit losses, net	—	—		—		78		—		78
Issuance of common stock under stock-based compensation plan	48	1		701		—		—		702
Stock-based compensation expense	—	—		812		—		—		812
Dividends declared ($0.09 per share)	—	—		—		(2,001)		—		(2,001)
Other comprehensive loss, net of tax	—	—		—		—		(9,223)		(9,223)
Net income	—	—		—		5,086		—		5,086
Balance at March 31, 2020	22,254	223		230,742		166,074		4,295		401,334
Issuance of common stock under stock-based compensation plan	61	—		395		—		—		395
Stock-based compensation expense	—	—		931		—		—		931
Restricted shares withheld for taxes	(12)	—		(1,803)		—		—		(1,803)
Dividends declared ($0.09 per share)	—	—		—		(2,013)		—		(2,013)
Other comprehensive income, net of tax	—	—		—				27,008		27,008
Net income	—	—		—		30,262		—		30,262
Balance at June 30, 2020	22,303	$	223	$	230,265	$	194,323	$	31,303	$	456,114


Balance at December 31, 2018	21,242	$	212	$	158,485	$	106,545	$	(1,256)	$	263,986
Issuance of common stock under stock-based compensation plan	43	1		597		—		—		598
Stock-based compensation expense	—	—		507		—		—		507
Dividends declared ($0.08 per share)	—	—		—		(1,702)		—		(1,702)
Other comprehensive income, net of tax	—	—		—		—		6,780		6,780
Net income	—	—		—		18,720		—		18,720
Balance at March 31, 2019	21,285	213		159,589		123,563		5,524		288,889
Issuance of common stock under stock-based compensation plan	78	1		393		—		—		394
Stock-based compensation expense	—	—		621		—		—		621
Restricted shares withheld for taxes	(7)	—		(617)		—		—		(617)
Dividends declared ($0.08 per share)	—	—		—		(1,702)		—		(1,702)
Other comprehensive income, net of tax	—	—		—		—		6,555		6,555
Net income	—	—		—		13,767		—		13,767
Balance at June 30, 2019	21,356	$	214	$	159,986	$	135,628	$	12,079	$	307,907

See accompanying notes to condensed consolidated financial statements.

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KINSALE CAPITAL GROUP, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows (Unaudited)


	Six Months Ended June 30,
	2020		2019
	(in thousands)
Operating activities:
Net cash provided by operating activities	$	132,587	$	71,292

Investing activities:
Purchase of property and equipment	(20,113)		(5,999)
Sale of property and equipment	4,999		—

Purchases – fixed-maturity securities	(231,112)		(115,356)
Purchases – equity securities	(31,985)		(3,593)
Sales – fixed-maturity securities	54,525		31,441
Sales – equity securities	—		2,869
Maturities and calls – fixed-maturity securities	42,079		25,699
Net cash used in investing activities	(181,607)		(64,939)

Financing activities:

Proceeds from credit facility	16,300		—
Debt issuance costs	—		(284)
Payroll taxes withheld and remitted on share-based payments	(1,803)		(617)
Proceeds from stock options exercised	1,097		991
Dividends paid	(4,006)		(3,401)
Net cash provided by (used in) financing activities	11,588		(3,311)
Net change in cash and cash equivalents	(37,432)		3,042
Cash and cash equivalents at beginning of year	100,408		75,089
Cash and cash equivalents at end of period	$	62,976	$	78,131

See accompanying notes to condensed consolidated financial statements.

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KINSALE CAPITAL GROUP, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited)

1. Summary of significant accounting policies

Basis of presentation

The accompanying condensed consolidated financial statements and notes have been prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") for interim financial information and do not contain all of the information and footnotes required by U.S. GAAP for complete financial statements. For a more complete description of Kinsale Capital Group, Inc. and its wholly owned subsidiaries' (the "Company") business and accounting policies, these condensed consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements of the Company included in the Annual Report on Form 10-K for the year ended December 31, 2019. In the opinion of management, all adjustments necessary for a fair presentation of the condensed consolidated financial statements have been included. Such adjustments consist only of normal recurring items. All significant intercompany balances and transactions have been eliminated in consolidation. Interim results are not necessarily indicative of results of operations for the full year.

Use of estimates

The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management periodically reviews its estimates and assumptions.

Recently adopted accounting pronouncements

Accounting Standards Update ("ASU") 2016-13, Financial Instruments – Credit Losses (Topic 326)

On June 16, 2016, the Financial Accounting Standards Board ("FASB") issued ASU 2016-13, "Financial Instruments - Credit Losses (Topic 326)" to provide more useful information about the expected credit losses on financial instruments. The update requires a financial asset measured at amortized cost to be presented at the net amount expected to be collected by means of an allowance for credit losses that runs through net income. Credit losses relating to available-for-sale debt securities must also be recorded through an allowance for credit losses. However, the amendments limit the amount of the allowance to the amount by which fair value is below amortized cost. The measurement of credit losses on available-for-sale securities is similar under previous GAAP, but the update requires the use of the allowance account through which amounts can be reversed, rather than through an irreversible write-down. The FASB has issued additional ASUs on Topic 326 that do not change the core principle of the guidance in ASU 2016-13 but clarify certain aspects of it.

Effective January 1, 2020, the Company adopted this ASU using the modified-retrospective approach and recorded a cumulative effect adjustment to beginning retained earnings. The adoption of this ASU resulted in the recognition of an allowance for credit loss related to the Company’s reinsurance recoverables. However, since the Company enters into contracts with reinsurers that have A.M. Best ratings of “A” (Excellent) or better, the allowance was not material to the Company’s consolidated financial statements.

ASU 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract

On August 29, 2018, the FASB issued new guidance on a customer's accounting for implementation, set-up and other up-front costs incurred in a cloud computing arrangement hosted by the vendor. The new guidance requires an

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entity to determine the stage of a project that the implementation activity relates to and the nature of the associated costs in order to determine whether those costs should be expensed as incurred or capitalized. The new guidance also requires the entity to amortize the capitalized implementation costs as an expense over the term of the hosting arrangement. Effective January 1, 2020, the Company adopted ASU 2018-15 using a modified-retrospective approach. The adoption of ASU 2018-15 did not have a material impact on the Company's financial statements.

There are no other prospective accounting standards which, upon their effective date, would have a material impact on the Company's consolidated financial statements.

2. Investments

Available-for-sale investments

The following tables summarize the available-for-sale investments at June 30, 2020 and December 31, 2019:


	June 30, 2020
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	(in thousands)
Fixed maturities:
U.S. Treasury securities and obligations of U.S. government agencies	$	1,130	$	—	$	(17)	$	1,113
Obligations of states, municipalities and political subdivisions	178,620		11,939		(15)		190,544
Corporate and other securities	277,485		17,968		(1,120)		294,333
Commercial mortgage and asset-backed securities	261,734		6,916		(2,763)		265,887
Residential mortgage-backed securities	137,167		4,500		(180)		141,487
Total available-for-sale investments	$	856,136	$	41,323	$	(4,095)	$	893,364


	December 31, 2019
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	(in thousands)
Fixed maturities:
U.S. Treasury securities and obligations of U.S. government agencies	$	110	$	2	$	—	$	112
Obligations of states, municipalities and political subdivisions	166,312		7,542		(961)		172,893
Corporate and other securities	180,287		4,736		(255)		184,768
Commercial mortgage and asset-backed securities	195,750		2,930		(710)		197,970
Residential mortgage-backed securities	172,358		1,819		(388)		173,789
Total available-for-sale investments	$	714,817	$	17,029	$	(2,314)	$	729,532

Available-for-sale securities in a loss position

The Company regularly reviews all its available-for-sale investments with unrealized losses to assess whether the decline in the fair value is deemed to be a credit loss. The Company considers a number of factors in completing its

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review of credit losses, including the extent to which a security's fair value has been below cost and the financial condition of an issuer. In addition to specific issuer information, the Company also evaluates the current market and interest rate environment. Generally, a change in a security’s value caused by a change in the market or interest rate environment does not constitute a credit loss.

For fixed-maturity securities, the Company also considers whether it intends to sell the security or if it is more likely than not that it will be required to sell the security before recovery and the ability to recover all amounts outstanding when contractually due. When assessing whether it intends to sell a fixed-maturity security or if it is likely to be required to sell a fixed-maturity security before recovery of its amortized cost, the Company evaluates facts and circumstances including, but not limited to, decisions to reposition the investment portfolio, potential sales of investments to meet cash flow needs and potential sales of investments to capitalize on favorable pricing.

For fixed-maturity securities where a decline in fair value is below the amortized cost basis and the Company intends to sell the security, or it is more likely than not that the Company will be required to sell the security before recovery of its amortized cost, an impairment is recognized in net income based on the fair value of the security at the time of assessment, resulting in a new cost basis for the security. For fixed-maturity securities that the Company has the intent and ability to hold, the Company compares the estimated present value of the cash flows expected to be collected to the amortized cost of the security. The extent to which the estimated present value of the cash flows expected to be collected is less than the amortized cost of the security represents the credit-related portion of the impairment, which is recognized in net income through an allowance for credit losses. Any remaining decline in fair value represents the noncredit portion of the impairment, which is recognized in other comprehensive income. Beginning on January 1, 2020, credit losses are recognized through an allowance account. See Note 1 - Recently adopted accounting pronouncements - ASU 2016-13, Financial Instruments – Credit Losses (Topic 326) for additional information.

The Company reports investment income due and accrued separately from fixed-maturity securities, available for sale, and has elected not to measure an allowance for credit losses for investment income due and accrued. Investment income due and accrued is written off through net realized gains (losses) on investments at the time the issuer of the bond defaults or is expected to default on payments.

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The following tables summarize gross unrealized losses and estimated fair value for available-for-sale investments by length of time that the securities have continuously been in an unrealized loss position:


	June 30, 2020
	Less than 12 Months						12 Months or Longer						Total
	Estimated Fair Value		Gross Unrealized Losses		Estimated Fair Value		Gross Unrealized Losses		Estimated Fair Value		Gross Unrealized Losses
	(in thousands)
Fixed maturities:
U.S. Treasury securities and obligations of U.S. government agencies	$	573	$	(17)	$	—	$	—	$	573	$	(17)
Obligations of states, municipalities and political subdivisions	2,007		(15)		—		—		2,007		(15)
Corporate and other securities	32,899		(1,120)		—		—		32,899		(1,120)
Commercial mortgage and asset-backed securities	86,355		(1,912)		23,256		(851)		109,611		(2,763)
Residential mortgage-backed securities	12,716		(162)		276		(18)		12,992		(180)
Total available-for-sale investments	$	134,550	$	(3,226)	$	23,532	$	(869)	$	158,082	$	(4,095)

At June 30, 2020, the Company held 89 fixed-maturity securities in an unrealized loss position with a total estimated fair value of $158.1 million and gross unrealized losses of $4.1 million. Of these securities, 12 were in a continuous unrealized loss position for greater than one year. As discussed above, the Company regularly reviews all fixed-maturity securities within its investment portfolio to determine whether a credit loss has occurred. Based on the Company's review as of June 30, 2020, unrealized losses were caused by interest rate changes or other market factors and were not credit-specific issues. At June 30, 2020, 82.6% of the Company’s fixed-maturity securities were rated "A-" or better and all of the Company’s fixed-maturity securities made expected coupon payments under the contractual terms of the securities. For the six months ended June 30, 2020, the Company concluded that there were no credit losses from fixed-maturity securities with unrealized losses.


	December 31, 2019
	Less than 12 Months						12 Months or Longer						Total
	Estimated Fair Value		Gross Unrealized Losses		Estimated Fair Value		Gross Unrealized Losses		Estimated Fair Value		Gross Unrealized Losses
	(in thousands)
Fixed maturities:

Obligations of states, municipalities and political subdivisions	$	28,997	$	(961)	$	254	$	—	$	29,251	$	(961)
Corporate and other securities	22,409		(251)		1,509		(4)		23,918		(255)
Commercial mortgage and asset-backed securities	37,723		(303)		46,623		(407)		84,346		(710)
Residential mortgage-backed securities	36,986		(148)		24,815		(240)		61,801		(388)

Price	100.75	EPS	2
Shares	22	P/E	45
MCap	2,244	P/FCF	19
Net Debt	-86	EBIT	59
TEV	2,158	TEV/EBIT	37
TTM 2019-09-30, in MM, except price, ratios

10-Q	2020-06-30	Filed 2020-07-30
10-Q	2020-03-31	Filed 2020-04-30
10-K	2019-12-31	Filed 2020-03-02
10-Q	2019-09-30	Filed 2019-10-31
10-Q	2019-06-30	Filed 2019-08-01
10-Q	2019-03-31	Filed 2019-05-02
10-K	2018-12-31	Filed 2019-02-28
10-Q	2018-09-30	Filed 2018-11-01
10-Q	2018-06-30	Filed 2018-08-06
10-Q	2018-03-31	Filed 2018-05-03
10-K	2017-12-31	Filed 2018-03-01
10-Q	2017-09-30	Filed 2017-11-02
10-Q	2017-06-30	Filed 2017-08-03
10-Q	2017-03-31	Filed 2017-05-04
10-K	2016-12-31	Filed 2017-03-16
10-Q	2016-09-30	Filed 2016-11-10
10-Q	2016-06-30	Filed 2016-09-07

8-K	2020-08-04	Enter Agreement, Exhibits
8-K	2020-07-30	Earnings, Exhibits
8-K	2020-06-03
8-K	2020-05-28
8-K	2020-04-30
8-K	2020-02-20
8-K	2019-10-31
8-K	2019-08-07
8-K	2019-08-01
8-K	2019-06-21
8-K	2019-05-28
8-K	2019-05-23
8-K	2019-05-02
8-K	2019-02-21
8-K	2018-11-19
8-K	2018-11-01
8-K	2018-08-06
8-K	2018-05-24
8-K	2018-05-03
8-K	2018-02-26

EX-31.1	knslexhibit31106302020.htm
EX-31.2	knslexhibit31206302020.htm
EX-32.1	knslexhibit32106302020.htm
EX-32.2	knslexhibit32206302020.htm

KNSL 10Q Quarterly Report

Kinsale Capital Group Earnings 2020-06-30