Kinsale Capital Group
23 named things its latest annual report says its results depend on, each in the company's own words. 11 of them are also named by other companies we've read.
Suppliers
Munich Reinsurance America, Inc.
depends on · $95,813 thousand reinsurance recoverablenamed as a riskThe following table provides a summary of our top ten reinsurers, based on the amount recoverable, at December 31, 2025:Business (Item 1)
General Reinsurance Corporation
depends on · $46,276 thousand reinsurance recoverablenamed as a riskThe following table provides a summary of our top ten reinsurers, based on the amount recoverable, at December 31, 2025:Business (Item 1)
Swiss Reinsurance America Corp.
depends on · $37,875 thousand reinsurance recoverablenamed as a riskThe following table provides a summary of our top ten reinsurers, based on the amount recoverable, at December 31, 2025:Business (Item 1)
Partners and platforms
RSG Specialty, LLC
depends on · $371.2 million, or 18.8%, of our gross written premiumsnamed as a riskFor the year ended December 31, 2025, our largest brokers were RSG Specialty, LLC, which produced $371.2 million, or 18.8%, of our gross written premiums, AmWINS Brokerage, which produced $339.0 million, or 17.1% of our gross written premiums and CRC Commercial Solutions, which produced $231.2 million, or 11.7%, of our gross written premiums.Business (Item 1)
AmWINS Brokerage
depends on · $339.0 million, or 17.1% of our gross written premiumsnamed as a riskFor the year ended December 31, 2025, our largest brokers were RSG Specialty, LLC, which produced $371.2 million, or 18.8%, of our gross written premiums, AmWINS Brokerage, which produced $339.0 million, or 17.1% of our gross written premiums and CRC Commercial Solutions, which produced $231.2 million, or 11.7%, of our gross written premiums.Business (Item 1)
CRC Commercial Solutions
depends on · $231.2 million, or 11.7%, of our gross written premiumsnamed as a riskFor the year ended December 31, 2025, our largest brokers were RSG Specialty, LLC, which produced $371.2 million, or 18.8%, of our gross written premiums, AmWINS Brokerage, which produced $339.0 million, or 17.1% of our gross written premiums and CRC Commercial Solutions, which produced $231.2 million, or 11.7%, of our gross written premiums.Business (Item 1)
Other companies
Places
California
concentrated in · 19.7%named as a riskWe underwrite a significant portion of our insurance in California, Florida and Texas.Risk factors (Item 1A)
Also named by A, AAON, AFRM, ALK, ALLY, AN, ARE, AVAV and 88 more
Florida
concentrated in · 15.3%named as a riskWe underwrite a significant portion of our insurance in California, Florida and Texas.Risk factors (Item 1A)
Also named by ABR, ALLY, AN, AXP, AZO, BBY, BJ, BRO and 54 more
Texas
concentrated in · 14.0%named as a riskWe underwrite a significant portion of our insurance in California, Florida and Texas.Risk factors (Item 1A)
Also named by ABR, AFRM, ALLY, AN, ASO, ASTS, ATO, AXP and 70 more
Richmond, Virginia
operates in · 720 employeesAs of December 31, 2025, we had 720 employees, of which 711 were full-time employees, and all of whom were located at our headquarters in Richmond, Virginia.Business (Item 1)
Also named by CSGP
Hazards
Commodities and inputs
Residential mortgage-backed securities
exposed to its price · $1.5 billion (33.6%)named as a riskAs of December 31, 2025, our fixed-maturity security portfolio contained $1.5 billion (33.6%) of residential mortgage-backed securities ("RMBS").Business (Item 1)
Equity securities
exposed to its price · $626.4 millionnamed as a riskOur equity investments totaled $626.4 million as of December 31, 2025.Risk factors (Item 1A)
Regulators
Arkansas Insurance Department
subject tonamed as a riskOur insurance subsidiary, Kinsale Insurance, is subject to extensive regulation in Arkansas, its state of domicile, and to a lesser degree, the other states in which it operates.Risk factors (Item 1A)
Laws and programs
Arkansas dividend limitation law
subject to · $444.3 millionnamed as a riskThe maximum amount of dividends Kinsale Insurance could pay us during 2026 without regulatory approval is $444.3 million.Risk factors (Item 1A)
Property catastrophe reinsurance
depends on · $250.0 million excess of $75.0 millionnamed as a riskIncluding the reinstatement of coverage, the maximum aggregate loss recovery limit is $500.0 million.Business (Item 1)
Bank credit agreements
$224.4 millionnamed as a riskAs of December 31, 2025, we had outstanding borrowings of $224.4 million, net of debt issuance costs, in the aggregate under our two bank credit agreements.Risk factors (Item 1A)
Dodd-Frank Act
subject tonamed as a riskAny additional regulations established as a result of the Dodd-Frank Act could increase our costs of compliance or lead to disciplinary action.Risk factors (Item 1A)
Also named by AFL, AN, BGC, CNX, CPAY, EPD, EQT, FITB and 14 more
NAIC Group Capital Calculation
subject toThe Company will be subject to the requirements of these revisions beginning in 2026.Business (Item 1)
Nonadmitted and Reinsurance Reform Act of 2010 (NRRA)
subject toAmong other things, the NRRA establishes national uniform standards on how states may regulate and tax surplus lines insurance and sets national standards concerning the regulation of reinsurance.Business (Item 1)
Also named by WRB