Kinsale Capital Group, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Kinsale Capital Group, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	142	187	222	316	460	653	839	1,224	1,588	1,874
Interest expense	1.3			0.2	0.17	0.99	4.28	10.3	10.1	10.6
Interest income	8.37	11.6	16.8	21.5	27.9	33.1	54.1
Pre-tax income	39.5	38.5	40.5	76.1	100	189	196	384	515	634
Income tax	13.4	13.6	6.69	12.7	12	36.1	36.5	75.9	99.9	131
Net income	26.2	24.9	33.8	63.3	88.4	153	159	308	415	504
EPS, basic		1.19	1.60	2.94	3.96	6.73	6.97	13.37	17.92	21.76
EPS, diluted		1.16	1.56	2.86	3.87	6.62	6.88	13.22	17.78	21.65
Shares, basic (weighted)		21	21.1	21.5	22.3	22.7	22.8	23	23.2	23.1
Shares, diluted (weighted)		21.5	21.7	22.1	22.9	23.1	23.1	23.3	23.3	23.3
Dividend per share			0.28	0.32	0.36	0.44	0.52	0.56	0.60	0.68

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	50.8	81.7	75.1	100	77.1	121	156	127	113	163
Short-term investments	0	0	0	0	0	0
Property, plant and equipment			2.11	22.6	46.2	49.3	53.5	63.4	82.9	89.4
Total assets	614	668	773	1,091	1,547	2,026	2,747	3,773	4,887	6,044
Total liabilities	404	430	509	685	971	1,326	2,002	2,686	3,403	4,084
Total debt						42.7	196	184	184	224
Paid-in capital	153	155	158	229	291	295	347	353	361	374
Retained earnings	53.6	73.5	107	163	243	386	533	828	1,229	1,717
Treasury stock								0	-10	-101
Other comprehensive income	3.01	9.4	-1.26	13.5	41.4	18.1	-135	-94.6	-97.2	-30.7
Shareholders' equity	210	238	264	406	576	699	745	1,087	1,484	1,960
Total equity	210	238	264	406	576	699	745	1,087	1,484	1,960
Total liabilities and equity	614	668	773	1,091	1,547	2,026	2,747	3,773	4,887	6,044
Shares outstanding	21	21	21.2	22.2	22.8	22.8	23.1	23.2	23.3	23.1

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	26.2	24.9	33.8	63.3	88.4	153	159	308	415	504
Depreciation and amortization	0.64	0.52	0.63	0.68	1.57	2.31	2.72	3.27	5.8	5.83
Stock-based compensation	0.49	0.65	1.6	2.74	3.58	4.84	6.68	9.36	14.1	17.9
Deferred income tax	0.56	1.07	-3.23	-0.13	0.62	-0.58	-14.2	-9.43	-3.83	0.34
Change in payables	1.34	-2.3	0.46	2.97	3.09	10.1	8.11	12.5	8.94	10.9
Cash from operations	73.7	77.4	104	178	280	407	558	860	976	1,044
Capital expenditures	-0.57	-0.18	-1.27	-19.6	-32.9	-5.92	-6.9	-6.61	-23.9	-53.7
Purchases of investments	-150	-112	-195	-306	-531	-655	-751	-1,317	-1,558	-2,494
Sales and maturities of investments	48.6	88.9	89.5	67.9	93.8	216	110	177	452	626
Cash from investing	-88.1	-42.4	-107	-231	-379	-352	-709	-861	-960	-922
Debt issued					0	0	125	50	0	0
Stock issued	0	0	0	65.9	56.7	0	47.5	0	0	0.68
Share buybacks							0	0	-10	-90
Dividends paid	-2.1	-5.04	-5.91	-6.93	-8.07	-10	-11.9	-13	-13.9	-15.8
Cash from financing	40.6	-3.97	-4.1	77.8	76.1	-11.1	186	-28.5	-29.7	-71.4
Net change in cash	26.2	31	-6.66	25.3	-23.3	43.9	35.2	-29.6	-13.5	50.1
Free cash flow	73.2	77.2	103	159	247	401	551	853	952	990
Interest paid	1			0.1	0.8	0.9	2.4	10.5	10.3	10.4
Income taxes paid	13.3	13.5	9.9	11.6	13	40.6	43.1	84.6	104	130

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $330.49 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Pre-tax margin	35.7%	Pre-tax income / revenue.
Net margin	28.5%	Net income / revenue.
FCF margin	50.1%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	51.9%	Cash from operations / revenue.
Effective tax rate	20.3%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	27.9%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	8.8%	Net income / average total assets.
Stock-based pay / revenue	1.0%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	1.7%	Capital expenditures / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	18.0%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	30.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	32.4%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	21.4%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	46.8%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	41.6%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	21.8%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	46.5%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	41.1%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	6.9%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	23.2%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	30.1%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	4.0%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	21.6%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	32.0%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	13.3%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	9.4%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	13.6%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	32.1%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	38.0%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	27.7%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	23.7%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	30.1%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	31.3%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-0.3%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	0.2%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	0.4%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	0.11x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	3.5%	Total debt / total assets.
Liabilities / assets	68.3%	Total liabilities / total assets.
Net debt	$14.0M	Total debt - cash - short-term investments. Negative means more cash than debt.
Tangible book value	$2.04B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.31x	Revenue / average total assets.
Fixed asset turnover	21.2x	Revenue / average property, plant and equipment.
FCF conversion	176.0%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	3.4%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$24.96	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$87.60	Revenue / diluted weighted shares.
FCF per share	$43.92	Free cash flow / diluted weighted shares.
Operating cash flow per share	$45.45	Cash from operations / diluted weighted shares.
Book value per share	$89.34	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$89.34	Tangible book value / shares outstanding.
Cash per share	$9.24	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	23.3%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$7.53B	Share price x shares outstanding.
Enterprise value	$7.54B	Market cap + total debt - cash - short-term investments.
P/E	13.2x	Market cap / net income. Only when net income is positive.
P/S	3.77x	Market cap / revenue.
P/B	3.70x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	3.70x	Market cap / tangible book value, when positive.
P/FCF	7.52x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	7.27x	Market cap / cash from operations, when positive.
EV/Sales	3.78x	Enterprise value / revenue.
EV/FCF	7.54x	Enterprise value / free cash flow, when both are positive.
FCF yield	13.3%	Free cash flow / market cap.
Earnings yield	7.6%	Net income / market cap (the inverse of P/E).
Shareholder yield	3.1%	(Dividends paid + share buybacks) / market cap.
PEG	0.28x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was Kinsale Capital Group, Inc.'s revenue in fiscal 2025?

Kinsale Capital Group, Inc. reported revenue of $1.87B for fiscal 2025, 18% higher than the year before.

Was Kinsale Capital Group, Inc. profitable in fiscal 2025?

Yes. Net income was $503.6M, a net margin of 26.9%.

How much free cash flow did Kinsale Capital Group, Inc. generate in fiscal 2025?

Cash from operations of $1.04B minus capital expenditures of $53.7M left free cash flow of $990.1M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

Open interactive statements, quarterly figures and charts

Back to Kinsale Capital Group, Inc.