Kinsale Capital Group, Inc. (KNSL) Income Statement
KNSL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsKNSL revenue and net income
Where KNSL's revenue goes
2025Each bar shows an amount and its share of revenue. KNSL kept 26.9% of revenue as net income.
KNSL profit margins
KNSL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +18.0% | +30.7% | +32.4% | +37.0% |
| Gross profit | +44.5% | +50.7% | +47.2% | +33.4% |
| Operating income | +23.2% | +48.0% | +44.6% | +34.2% |
| Net income | +21.4% | +46.8% | +41.6% | +36.6% |
| EPS (diluted) | +21.4% | +35.8% | +43.9% | +33.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
KNSL quarterly EPS vs estimates
Kinsale Capital beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 22, 2026 (estimate $4.95).
KNSL income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.87B | $1.59B | $1.22B | $838.8M | $653.5M | $459.9M | $315.9M | $222.1M | $186.8M | $141.6M |
| Cost of revenue | $890.7M | $907.1M | $713.9M | $551.7M | $397.6M | $317.6M | $205.6M | $154.5M | $124.9M | $77.1M |
| Gross profit | $983.3M | $680.4M | $510.5M | $287.1M | $255.9M | $142.3M | $110.3M | $67.6M | $61.9M | $64.5M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | — | — | — | $721,000 | $1.7M | $1.4M | $27.8M | $19.7M | $17.7M | $18.7M |
| Total operating expenses | $349.0M | $165.7M | $126.5M | $91.6M | $67.1M | $41.9M | $34.2M | $27.2M | $23.4M | $25.0M |
| Operating income | $634.3M | $514.7M | $384.0M | $195.6M | $188.8M | $100.4M | $76.1M | $40.5M | $38.5M | $39.5M |
| Interest income | $197.1M | $154.3M | $89.9M | $53.8M | $33.1M | $27.9M | $21.5M | $16.8M | $10.9M | $8.3M |
| Interest expense | $10.6M | $10.1M | $10.3M | $4.3M | $994,000 | $168,000 | $0 | $0 | $0 | $0 |
| Income before taxes | $634.3M | $514.7M | $384.0M | $195.6M | $188.8M | $100.4M | $76.1M | $40.5M | $38.5M | $39.5M |
| Income taxes | $130.7M | $99.9M | $75.9M | $36.5M | $36.1M | $12.0M | $12.7M | $6.7M | $13.6M | $13.4M |
| Net income | $503.6M | $414.8M | $308.1M | $159.1M | $152.7M | $88.4M | $63.3M | $33.8M | $24.9M | $26.2M |
| EBITDA | $650.8M | $530.7M | $397.6M | $202.6M | $192.1M | $102.2M | $76.7M | $41.1M | $39.0M | $40.2M |
| EPS (diluted) | $19.51 | $16.07 | $12.50 | $7.79 | $5.74 | $3.16 | $2.41 | $1.79 | $1.48 | $1.10 |
| Gross margin | 52.5% | 42.9% | 41.7% | 34.2% | 39.2% | 30.9% | 34.9% | 30.5% | 33.1% | 45.6% |
| Operating margin | 33.8% | 32.4% | 31.4% | 23.3% | 28.9% | 21.8% | 24.1% | 18.2% | 20.6% | 27.9% |
| Net margin | 26.9% | 26.1% | 25.2% | 19.0% | 23.4% | 19.2% | 20.0% | 15.2% | 13.3% | 18.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $548.5M | $466.7M | $483.3M | $497.5M | $469.8M | $423.4M | $412.1M | $418.1M | $384.6M | $372.8M | $351.2M | $314.4M |
| Cost of revenue | $230.9M | $280.4M | $213.2M | $272.4M | $257.1M | $268.7M | $228.0M | $234.0M | $226.7M | $218.3M | $189.0M | $185.2M |
| Gross profit | $317.6M | $186.3M | $270.1M | $225.1M | $212.7M | $154.7M | $184.1M | $184.1M | $157.8M | $154.5M | $162.2M | $129.2M |
| Sales, general & admin | $93.2M | — | — | — | — | — | — | — | — | — | — | — |
| Total operating expenses | $94.5M | $46.7M | $95.2M | $46.2M | $44.4M | $42.4M | $45.4M | $39.7M | $42.0M | $38.6M | $32.1M | $33.7M |
| Operating income | $223.1M | $139.7M | $174.8M | $178.9M | $168.3M | $112.3M | $138.7M | $144.4M | $115.8M | $115.9M | $130.0M | $95.5M |
| Interest income | $57.5M | $56.7M | $53.6M | $50.8M | $47.8M | $44.9M | $43.1M | $40.5M | $36.9M | $33.7M | $31.1M | $27.2M |
| Interest expense | $3.3M | $3.2M | $3.0M | $2.6M | $2.6M | $2.5M | $2.6M | $2.6M | $2.6M | $2.4M | $2.4M | $2.6M |
| Income before taxes | $219.8M | $139.7M | $174.8M | $178.9M | $168.3M | $112.3M | $138.7M | $144.4M | $115.8M | $115.9M | $130.0M | $95.5M |
| Income taxes | $43.9M | $27.1M | $36.2M | $37.2M | $34.2M | $23.1M | $29.6M | $30.2M | $23.2M | $16.9M | $26.6M | $19.4M |
| Net income | $175.9M | $112.6M | $138.6M | $141.6M | $134.1M | $89.2M | $109.1M | $114.2M | $92.6M | $98.9M | $103.4M | $76.1M |
| EBITDA | $223.1M | $142.8M | $183.6M | $181.4M | $170.8M | $114.8M | $141.2M | $147.0M | $118.4M | $118.3M | $132.5M | $98.1M |
| EPS (diluted) | $5.54 | $5.11 | $5.81 | $5.21 | $4.78 | $3.71 | $4.62 | $4.20 | $3.75 | $3.50 | $3.87 | $3.31 |
| Gross margin | 57.9% | 39.9% | 55.9% | 45.2% | 45.3% | 36.5% | 44.7% | 44.0% | 41.0% | 41.4% | 46.2% | 41.1% |
| Operating margin | 40.7% | 29.9% | 36.2% | 36.0% | 35.8% | 26.5% | 33.6% | 34.5% | 30.1% | 31.1% | 37.0% | 30.4% |
| Net margin | 32.1% | 24.1% | 28.7% | 28.5% | 28.5% | 21.1% | 26.5% | 27.3% | 24.1% | 26.5% | 29.4% | 24.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in KNSL's financial statements (latest annual report filed February 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
KNSL financial results
In fiscal year 2025 (ended December 31, 2025), Kinsale Capital reported revenue of $1.9 billion, up 18.0% from the year before. It had net income of $503.6 million (up 21.4%), a net profit margin of 26.9%. Diluted earnings per share came to $19.51. Over five years revenue grew at an average rate of 32.4% a year.
See the KNSL stock overview for the latest quote and news, or the KNSL chart for price history and technical indicators.
KNSL income statement FAQ
What is Kinsale Capital's annual revenue?
Kinsale Capital reported total revenue of $1.9 billion for fiscal year 2025, which ended on December 31, 2025. That was up 18.0% from $1.6 billion the previous year.
Is Kinsale Capital profitable?
Yes. Kinsale Capital reported net income of $503.6 million in fiscal 2025, a net profit margin of 26.9%; its operating margin was 33.8%.
What is Kinsale Capital's gross margin?
Kinsale Capital's gross margin was 52.5% in fiscal 2025: for every $100 of revenue, Kinsale Capital kept $52 after the direct cost of its products and services.
How fast is Kinsale Capital growing?
Revenue grew 32.4% a year on average over the last five fiscal years, from $459.9 million to $1.9 billion.
What are Kinsale Capital's earnings per share?
Kinsale Capital earned $19.51 per diluted share in fiscal 2025, compared with $16.07 a year earlier.
When will Kinsale Capital report its next earnings?
Kinsale Capital is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 after the market closes.
When does Kinsale Capital's fiscal year end?
Kinsale Capital's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 20, 2026.