KNSL — what changed in the latest 10-Q
A section-by-section comparison of KNSL's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-22 vs the prior 10-Q · 2026-07-23
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +47 | −44 | ~39 | 70 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 3 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 2 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-22
Net income was $98.1 million for the three months ended September 30, 2026 compared to $141.6 million for the three months ended September 30, 2025, a decrease of 30.7%. The decrease was primarily due to net realized and unrealized investment losses, compared to gains in the prior-year period, offse…
During the third quarter of 2026, the Company repositioned a portion of its investment portfolio to improve expected long-term returns. The Company sold certain common stock holdings and reinvested the proceeds in higher conviction common stock investments. The sales reversed unrealized gains previo…
Underwriting income was $107.1 million for the three months ended September 30, 2026 compared to $105.7 million for the three months ended September 30, 2025, an increase of 1.3%. The corresponding combined ratios were 75.4% for the three months ended September 30, 2026 compared to 74.9% for the thr…
Gross written premiums were $462.9 million for the three months ended September 30, 2026 compared to $486.3 million for the three months ended September 30, 2025, a decrease of $23.4 million, or 4.8%. The decrease in gross written premiums was primarily due to a 19.3% decline in our property divisio…
The average premium per policy written was approximately $11,400 in the third quarter of 2026 compared to approximately $12,900 in the third quarter of 2025. Excluding our Personal Insurance Division, which has a relatively low premium per policy written, the average premium per policy written was a…
Text removed vs the prior filing · source: 10-Q · 2026-07-23
Net income was $175.9 million for the three months ended June 30, 2026 compared to $134.1 million for the three months ended June 30, 2025, an increase of 31.1%. The increase in net income for the second quarter of 2026 from the same period last year was primarily due to continued underwriting profi…
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…
Gross written premiums were $527.6 million for the three months ended June 30, 2026 compared to $555.5 million for the three months ended June 30, 2025, a decrease of $27.9 million, or 5.0%. The decrease in gross written premiums was primarily due to a 32.7% decline in the Commercial Property Divisi…
The average premium per policy written was approximately $12,300 in the second quarter of 2026 compared to approximately $14,300 in the second quarter of 2025. Excluding our personal lines insurance, which has a relatively low premium per policy written, the average premium per policy written was ap…
The following table provides a summary of gross premiums written by division for the three months ended June 30, 2026 and 2025:
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice