Kinsale Capital Group, Inc.

NYSE-KNSL

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Operating Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Net Income	—	414.8	308.1	159.1	152.7	88.4	63.3	33.8	24.9	26.2	22.3
Net Income
Depreciation & Amortization	—	5.8	3.3	2.7	2.3	1.6	0.7	0.6	0.5	0.6	0.6
Depreciation and Amortization
Stock Based Compensation	—	14.1	9.4	6.7	4.8	3.6	2.7	1.6	0.7	0.5	0.1
Stock Compensation Expense
Other Adjustments	—	-54.6	-30.6	12.7	-26.2	-19.8	-12.9	3	0.9	0.4	-0.9
Net Investment Gains
Net Realized Investment Gains
Change in Allowance for Credit Losses on Investments
Deferred Tax Expense
Changes in Receivables	—	-2.5	-44.7	-41.5	-23.4	-16.1	-11.2	-5.2	-3.6	-1.9	-1.8
Investment Income Due and Accrued
Premiums Receivable, Net
Changes in Reinsurance Contract Assets	—	-93.9	-21.4	-90.8	-35.7	-23.3	-13.2	-8.1	28.1	54.8	-29.5
Reinsurance Balances, Net
Changes in Deferred Acquisition Costs	—	-20.9	-26.8	-19.6	-10.1	-8.3	-8.8	-3	-1.6	-11.8	-2.1
Change in Deferred Policy Acquisition Costs
Changes in Accounts Payable	—	8.9	12.5	8.1	10.1	3.1	3	0.5	-2.3	1.3	2.5
Change in Accounts Payable and Accrued Expenses
Changes in Unearned Premiums	—	127.1	201.7	151.9	86.7	73.6	59.1	25.1	13.8	7.6	6.5
Unearned Premiums
Changes in Claims Reserves	—	592.8	454.5	357.1	245.3	176	90.9	53.4	50.9	45.2	57.4
Reserves for Unpaid Loss and Loss Adjustment Expenses
Changes in Income Taxes Payable	—	-0.4	0.7	7.5	-3.9	-1.6	1.2	0	-0.9	-0.5	-1.4
Income Taxes Payable
Changes in Other Operating Activities	—	-15.1	-6.8	4	4.3	2.8	3.5	2.1	-33.9	-48.7	25
Funds Held for Reinsurers
Other
Other
Cash from Operating Activities	1,015.3	976.3	859.8	557.8	407	280	178.4	104	77.4	73.7	78.7
Net Cash Provided by Operating Activities

Investing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Capital Expenditure	-53.9	-23.9	-6.6	-6.9	-5.9	-32.9	-19.6	-1.3	-0.2	-0.6	-0.2
Purchase of Property and Equipment
Proceeds from Sale of Property, Plant & Equipment	—	—	—	—	—	5.1	—	—	—	—	—
Sale of Property and Equipment
Purchases of Investments	-2,233.6	-1,714.3	-1,405.8	-839.5	-679.8	-567.6	-336.1	-207.6	-143.2	-152	-128.2
Purchase of Real Estate Investment
Purchases - Fixed-Maturity Securities
Purchases - Equity Securities
Proceeds from Sale of Investments	1,402.6	776.1	514.8	178.5	333.8	215.9	124.9	102.4	100.9	62.1	46.8
Sale of Real Estate Investment
Sales-Fixed-Maturity Securities
Sales - Equity Securities
Maturities and Calls - Fixed-Maturity Securities
Other Investing Activities	-10.2	2.1	36.7	-40.6	—	—	—	—	—	2.3	-78.1
Change in Short-Term Investments, Net
Total Securities Available-for-Sale
Cash from Investing Activities	-900.9	-960.1	-860.9	-708.6	-352	-379.4	-230.8	-106.5	-42.4	-88.1	-80
Net Cash Provided by Investing Activities

Financing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Issuance of Short-Term Debt	—	—	50	73	—	25.7	17.3	—	—	—	—
Proceeds from Borrowing Under Credit Facility
Repayments of Short-Term Debt	—	—	-62	-43	—	—	—	—	—	—	—
Repayment of Credit Facility
Net Issuance / (Repayments) of Short-Term Debt	—	—	-12	30	—	25.7	17.3	—	—	—	—
Issuance of Long-Term Debt	—	—	—	125	—	—	—	—	—	—	2
Proceeds from Notes Payable
Repayments of Long-Term Debt	—	—	—	—	—	—	—	—	—	-30	—
Repayment of Note Payable
Net Issuance / (Repayments) of Long-Term Debt	—	—	—	125	—	—	—	—	—	-30	2
Issuance of Common Shares	0.7	1.3	0.9	48.6	1	60.3	68.6	1.8	1.1	72.8	0.1
Proceeds from Issuance of Common Stock, Net of Issuance Costs
Proceeds from Stock Options Exercised
Class a Common Shares Issued
Repurchases of Common Shares	-50	-17	-4.3	-3.3	-2.1	-1.8	-0.6	—	—	—	—
Payroll Taxes Withheld and Remitted on Share-Based Payments
Treasury Stock Acquired - Share Repurchases
Net Issuance / (Repurchases) of Common Shares	-49.3	-15.7	-3.4	45.3	-1.1	58.5	68	1.8	1.1	72.8	0.1
Common Share Dividends Paid	-15.3	-13.9	-13	-11.9	-10	-8.1	-6.9	-5.9	-5	-2.1	—
Dividends Paid
Other Financing Activities	—	—	-0.2	-2.4	—	—	-0.6	—	-0	-0.1	-0.2
Debt Issuance Costs
Payments on Capital Lease
Cash from Financing Activities	-56	-29.7	-28.5	186	-11.1	76.1	77.8	-4.1	-4	40.6	1.9
Net Cash Provided by Financing Activities

Free Cash Flow	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Free Cash Flow	961.5	952.4	853.2	550.9	401.1	247.1	158.7	102.7	77.2	73.2	78.5
NOPAT	482.2	423	316.4	162.6	153.5	88.6	63.3	33.8	24.9	26.2	22.3
Levered Free Cash Flow	420.2	402.5	452.6	371	200.5	129.1	106.5	49.8	28.3	-1	25.7
Unlevered Free Cash Flow	428.3	410.6	472.9	219.5	201.4	103.5	89.2	49.8	28.3	29	23.7
Net Change in Cash	58.5	-13.5	-29.6	35.2	43.9	-23.3	25.3	-6.7	31	26.2	0.6