Kinsale Capital Group, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $503.6M | $414.8M | $308.1M | $159.1M | $152.7M | $88.4M | $63.3M | $33.8M |
| Depreciation & Amortization | $5.8M | $5.8M | $3.3M | $2.7M | $2.3M | $1.6M | $682.0K | $631.0K |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $17.9M | $14.1M | $9.4M | $6.7M | $4.8M | $3.6M | $2.7M | $1.6M |
| Net Cash from Operating Activities | $1.04B | $976.3M | $859.8M | $557.8M | $407.0M | $280.0M | $178.4M | $104.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $53.7M | $23.9M | $6.6M | $6.9M | $5.9M | $32.9M | $19.6M | $1.3M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-922.2M | $-960.1M | $-860.9M | $-708.6M | $-352.0M | $-379.4M | $-230.8M | $-106.5M |
| Financing Activities | ||||||||
| Dividends Paid | $15.8M | $13.9M | $13.0M | $11.9M | $10.0M | $8.1M | $6.9M | $5.9M |
| Stock Repurchases | $90.0M | $10.0M | $0 | $0 | — | — | — | — |
| Net Cash from Financing Activities | $-71.4M | $-29.7M | $-28.5M | $186.0M | $-11.1M | $76.1M | $77.8M | $-4.1M |
| Net Change in Cash | — | — | — | — | — | — | — | $-6.7M |
| Free Cash Flow | $990.1M | $952.4M | $853.2M | $550.9M | $401.1M | $247.1M | $158.7M | $102.7M |