KNSL — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-07-23

• Underwriting income was $105.4 million for the three months ended June 30, 2026 compared to $95.5 million for the three months ended June 30, 2025, an increase of 10.5%. The corresponding combined ratios were 75.5% for the three months ended June 30, 2026 compared to 75.8% for the three months ended…

• The net retention ratio was 85.8% for the three months ended June 30, 2026 compared to 82.6% for the three months ended June 30, 2025 due to increased retention in our reinsurance treaties and change in the mix of business.

• Net earned premiums increased by $34.0 million, or 8.9%, to $417.6 million for the three months ended June 30, 2026 from $383.6 million for the three months ended June 30, 2025 due primarily to continued earning of premium from prior-period growth in gross written premiums and higher net retention l…

• The following table summarizes the loss ratios for the three months ended June 30, 2026 and 2025:

• Cash equivalents and short-term investments1,369 1,896 (527)

Text removed vs the prior filing · source: 10-Q · 2026-04-23

• Underwriting income was $94.5 million for the three months ended March 31, 2026 compared to $67.5 million for the three months ended March 31, 2025, an increase of 40.1%. The corresponding combined ratios were 77.4% for the three months ended March 31, 2026 compared to 82.1% for the three months end…

• Net earned premiums increased by $41.1 million, or 11.2%, to $406.9 million for the three months ended March 31, 2026 from $365.8 million for the three months ended March 31, 2025 due primarily to continued earning of premium from prior-period growth in gross written premiums and higher net retentio…

• The following table summarizes the loss ratios for the three months ended March 31, 2026 and 2025:

• Change in allowance for credit losses on investments(27)(20)(7)

• Our annualized return on equity was 22.9% for the three months ended March 31, 2026 compared to 23.3% for the three months ended March 31, 2025. Our annualized operating return on equity was 24.0% for the three months ended March 31, 2026 compared to 22.5% for the three months ended March 31, 2025. …

Text added vs the prior filing · source: 10-Q · 2026-07-23

• There was no change in our internal control over financial reporting during the second quarter of 2026 that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

Text removed vs the prior filing · source: 10-Q · 2026-04-23

• During the first quarter of 2026, we implemented a new general ledger system. The implementation was completed in the ordinary course of business to modernize technology used in our financial processes. In connection with the implementation activities, we evaluated the impact of the new general ledg…

• Except for the implementation discussed above, there were no other changes to our internal control over financial reporting that occurred during the first quarter of 2026 that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial repor…

Text added vs the prior filing · source: 10-Q · 2026-07-23

• Transactions in our securities by our non-employee directors and executive officers are required to be made in accordance with our Policy on the Prevention of Insider Trading and Selective Disclosure (the "Insider Trading Policy"), which, among other things, requires that the transactions be in acco…

• During the second quarter of 2026, none of our non-employee directors or executive officers adopted, modified or terminated a Rule 10b5-1 trading plan or adopted, modified or terminated a non-Rule 10b5-1 trading arrangement (as defined in Item 408(c) of Regulation S-K).

Text removed vs the prior filing · source: 10-Q · 2026-04-23

• Transactions in our securities by our non-employee directors and executive officers are required to be made in accordance with our Policy on the Prevention of Insider Trading and Selective Disclosure (the "Insider Trading

• Policy"), which, among other things, requires that the transactions be in accordance with applicable U.S. federal securities laws that prohibit trading while in possession of material nonpublic information. Rule 10b5-1 under the Exchange Act provides an affirmative defense that enables prearranged t…

• During the first quarter of 2026, none of our non-employee directors or executive officers adopted, modified or terminated a Rule 10b5-1 trading plan or adopted, modified or terminated a non-Rule 10b5-1 trading arrangement (as defined in Item 408(c) of Regulation S-K).