KINSALE CAPITAL GROUP, INC. KNSL Income Statement

Kinsale capital group, inc. (KNSL)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Sep'15	Jun'15
Revenues:
Gross written premiums
124,036	112,137	97,984	94,947	84,626	72,164	69,546	69,981	63,847	56,943	55,633	57,753	52,862	47,466	47,823	50,107	43,082	45,798	45,112
Ceded written premiums
15,983	12,582	11,232	12,260	11,559	10,476	11,602	9,090	8,756	8,477	8,562	7,980	8,700	-2,696	14,177	14,446	-4,713	26,919	26,274
Net written premiums
108,053	99,555	86,752	82,687	73,067	61,688	57,944	60,891	55,091	48,466	47,071	49,773	44,162	50,162	33,646	35,661	47,795	18,879	18,838
Change in unearned premiums
-18,292	-16,773	-14,131	-16,600	-11,576	-2,250	-3,648	-9,998	-7,030	-928	-2,041	-6,721	-3,729	-11,700	-672	-3,878	-17,198	-600	-1,822
Net earned premiums
89,761	82,782	72,621	66,087	61,491	59,438	54,296	50,893	48,061	47,538	45,030	43,052	40,433	38,462	32,974	31,783	30,597	18,279	17,016
Net investment income
5,960	5,547	5,265	4,806	4,515	4,592	4,085	3,782	3,229	3,086	2,765	2,432	2,286	2,098	1,894	1,819	1,676	1,436	1,377
Net unrealized loss on equity securities
-16,161	4,339	246	1,909	5,895	-7,130	1,760	94	-1,279	0	0	0	0	-	-	-	-	-	-
Net realized investment gains
776	-	185	-235	280	-	-6	174	112	-	44	24	-32	-	0	-4	387	-8	8
Other income
10	7	10	5	4	3	2	4	3	3	0	0	0	0	0	78	58	128	191
Total revenues
80,346	92,804	78,327	72,572	72,185	56,904	60,137	54,947	50,126	50,742	47,839	45,508	42,687	40,353	34,868	33,676	32,718	19,835	18,592
Expenses:
Losses and loss adjustment expenses
53,733	51,442	44,810	39,579	33,732	37,090	32,085	29,967	28,899	28,146	31,568	21,859	22,107	19,435	15,949	17,456	18,121	10,369	8,061
Underwriting, acquisition and insurance expenses
21,583	19,840	18,324	16,437	15,616	14,658	13,850	12,519	12,398	11,371	10,989	10,492	11,294	9,520	6,302	6,481	6,248	46	31
Other expenses
0	0	0	21	36	47	107	0	14	0	27	402	0	1,098	523	486	460	468	517
Total expenses
75,316	71,282	63,134	56,037	49,384	51,795	46,042	42,486	41,311	39,517	42,584	32,753	33,401	30,053	22,774	24,423	24,829	10,883	8,609
Income before income taxes
5,030	21,522	15,193	16,535	22,801	5,109	14,095	12,461	8,815	11,225	5,255	12,755	9,286	10,300	12,094	9,253	7,889	8,952	9,983
Total income tax (benefit) expense
-56	3,669	2,217	2,768	4,081	661	2,155	2,349	1,528	5,301	1,054	4,260	3,005	3,429	4,112	3,196	2,632	3,008	3,374
Net income
5,086	17,853	12,976	13,767	18,720	4,448	11,940	10,112	7,287	5,924	4,201	8,495	6,281	6,871	7,982	6,057	5,257	5,944	6,609
Other comprehensive income (loss):
Change in unrealized (losses) gains on available-for-sale investments, net of taxes of $(2,452) in 2020 and $1,802 in 2019
-9,223	-1,803	3,242	6,555	6,780	2,356	-1,953	-1,016	-4,856	1,498	1,639	2,174	1,073	-5,655	-1	2,890	2,126	118	-
Unrealized gains (losses), net of taxes of $1,557 and $2,702 in 2016 and $(1,060) and $(653) in 2015
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,970
Total comprehensive (loss) income
-4,137	16,050	16,218	20,322	25,500	6,804	9,987	9,096	2,431	7,422	5,840	10,669	7,354	1,216	7,981	8,947	7,383	6,062	4,639
Earnings per share:
Earnings per share:
Basic
0.23	0.81	0.60	0.65	0.88	0.20	0.57	0.48	0.35	0.28	0.20	0.41	0.30	-	0.24	-	-	0.00	-
Diluted
0.22	0.79	0.58	0.63	0.86	0.20	0.55	0.47	0.34	0.27	0.20	0.40	0.29	-	0.24	-	-	0.00	-
Weighted average shares outstanding:
Basic
22,109	22,073	21,660	21,210	21,169	21,143	21,102	21,070	21,045	21,035	20,995	20,969	20,969	-	20,656	-	-	0	-
Diluted
22,678	22,672	22,277	21,832	21,763	21,725	21,721	21,666	21,628	21,626	21,520	21,457	21,389	-	20,741	-	-	0	-
Cash dividends declared per share
-	-	-	-	-	-	-	-	-	-	0.06	0.06	0.06	-	0.05	-	-	0.00	-