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Kinsale Capital Group cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$262M in Q3 2026 · $973M over twelve months

Operating cash flow$264M
Capital spending−$2.3M
Free cash flow+$262M
Cash / net income2.7×

Analysis

In Q3 2026, Kinsale Capital Group generated $264M of operating cash flow and spent $2.3M on capital projects, leaving free cash flow of $262M. That is $27.7M less than in Q3 2025 ($290M).

Over the twelve months to Sep 30, 2026, operating cash flow was $996M; the largest uses were other investing ($668M), buybacks ($313M), other financing ($51.0M); besides operations, cash came from net borrowing (+) / repaid (−) ($55.0M), shares issued ($1.3M); the cash balance fell by $9.7M.

Operating cash flow was $264M against net income of $98.1M — 2.7× profit, cash ran ahead of reported earnings. The largest differences: stock-based pay +$5.3M, gains on investments +$419K.

Free cash flow

Kinsale Capital Group: free cash flow by quarterKinsale Capital Group: free cash flow by quarter$202MQ4 2024$218MQ1 2025$252MQ2 2025$290MQ3 2025$231MQ4 2025$241MQ1 2026$239MQ2 2026$262MQ3 2026
Operating cash flow less capital spending.
Kinsale Capital Group: operating cash flow against capital spendingKinsale Capital Group: operating cash flow against capital spendingOperating cash flowCapital spending$213M$10.8MQ4 2024$230M$12.1MQ1 2025$269M$17.0MQ2 2025$303M$13.9MQ3 2025$241M$10.6MQ4 2025$249M$7.5MQ1 2026$242M$2.8MQ2 2026$264M$2.3MQ3 2026
Latest (Q3 2026): Operating cash flow $264M, Capital spending $2.3M.

Capital allocation, year by year

Kinsale Capital Group: where the cash came from (up) and went (down), by fiscal yearKinsale Capital Group: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksDividendsFY2021: Operating cash flow $407MFY2021: Shares issued $982KFY2021: Capital spending −$5.9MFY2021: Dividends −$10.0M$408MFY2021FY2022: Operating cash flow $558MFY2022: Net borrowing $155MFY2022: Shares issued $48.6MFY2022: Capital spending −$6.9MFY2022: Dividends −$11.9M$761MFY2022FY2023: Operating cash flow $860MFY2023: Net borrowing −$12.0MFY2023: Shares issued $877KFY2023: Asset sales $62.0MFY2023: Capital spending −$6.6MFY2023: Dividends −$13.0M$923MFY2023FY2024: Operating cash flow $976MFY2024: Shares issued $1.3MFY2024: Capital spending −$23.9MFY2024: Buybacks −$10.0MFY2024: Dividends −$13.9M$978MFY2024FY2025: Operating cash flow $1.0BFY2025: Net borrowing $40.0MFY2025: Shares issued $681KFY2025: Capital spending −$53.7MFY2025: Buybacks −$90.0MFY2025: Dividends −$15.8M$1.1BFY2025
Over these 5 years operating cash flow totalled $3.8B; the largest uses were buybacks ($100M) and capital spending ($97.1M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$161M
Debt$225M
Net debt$64.1M

Kinsale Capital Group funds itself: free cash flow was $973M over the last twelve months, and $161M of cash and investments stands against $225M of debt.

Kinsale Capital Group: debt maturities by year (FY2025)Kinsale Capital Group: debt maturities by year (FY2025)$51.0MYear 2$35.0MYear 5$140MAfter year 5
Principal due in each year as disclosed in the annual report, against $161M of cash and investments now.

Where the cash came from and went

Kinsale Capital Group: sources (+) and uses (−) of cash, Q3 2026Kinsale Capital Group: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$264MOther investing−$206MBuybacks−$100MCash drawn (+) / kept (−)$50.0MDividends−$5.6MCapital spending−$2.3MShares issued$36K
Kinsale Capital Group: sources (+) and uses (−) of cash, TTM to Q3 2026Kinsale Capital Group: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$996MOther investing−$668MBuybacks−$313MNet borrowing (+) / repaid (−)$55.0MOther financing−$51.0MCapital spending−$23.2MCash drawn (+) / kept (−)$9.7MTaxes on employees’ shares−$6.8MShares issued$1.3M

From profit to cash

Kinsale Capital Group: net income to operating cash flow, Q3 2026Kinsale Capital Group: net income to operating cash flow, Q3 2026Net income$98.1MStock-based pay$5.3MGains on investments$419KOperating cash flow$264M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$264M−$2.3M−$100M−$5.6M—$36K$50.0M$262M
Q2 2026$242M−$2.8M−$101M−$5.7M—$666K$12.8M$239M
Q1 2026$249M−$7.5M−$62.5M−$5.8M—$511K−$59.9M$241M
Q4 2025$241M−$10.6M−$50.0M—$25.0M$75K$6.8M$231M
Q3 2025$303M−$13.9M−$20.0M−$3.9M$15.0M$127K−$32.1M$290M
Q2 2025$269M−$17.0M−$10.0M−$3.9M—$244K$3.9M$252M
Q1 2025$230M−$12.1M−$10.0M−$4.0M—$235K−$28.8M$218M
Q4 2024$213M−$10.8M−$10.0M——$127K−$1.5M$202M

Kinsale Capital Group: income statement and cash flow

Kinsale Capital Group, Q3 2026: revenue $455M (-9% year over year), operating margin 27.2%. The chart follows the revenue to costs, profit and cash.

Kinsale Capital Group: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.