HIGHOutside partyCustomer
60.6%
top-5 brokers
“10-K Item 1A: 'Of our 2025 gross written premiums, 60.6%, or $1.2 billion, were distributed through five of our approximately 227 brokers'”
KNSL · Concentration risk · 10-K extracted
Kinsale Capital Group (KNSL) concentration risks
Updated
The most significant concentration Kinsale Capital Group discloses is top-5 brokers at 60.6%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Kinsale Capital Group’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH1
MEDIUM1
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inGeographic
California, Florida and Texas
“10-K Item 1A: 'We underwrite a significant portion of our insurance in California, Florida and Texas.'”
LOWOutside partyCustomer
18.8%
RSG Specialty LLC
“10-K Item 1: 'our largest brokers were RSG Specialty, LLC, which produced $371.2 million, or 18.8%, of our gross written premiums'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile is anchored by a high-share broker dependency and complemented by a geographic and single-broker disclosure that are more contained. The dominant exposure is broker concentration: 60.6% of 2025 gross written premiums were distributed through five of the company's approximately 227 brokers — a high disclosed share with a dependency character, meaning underwriting volume is substantially controlled by a small number of distribution relationships. A loss, capacity reduction, or renegotiation at any of those five would be directly visible in premium flow. Within that top-five group, the filing singles out RSG Specialty, LLC as the largest individual broker, which produced 18.8% of gross written premiums — a low disclosed share on its own, indicating the concentration is spread across the five rather than dominated by one name. Geographically, a significant portion of underwriting is concentrated in California, Florida and Texas — a medium disclosed share with a structural character, reflecting deliberate market positioning in high-premium states that also carry elevated catastrophe and regulatory exposure. This geographic tilt layers on top of the broker concentration, meaning a catastrophe event in those states would simultaneously pressure loss ratios and could affect the volume flowing through the concentrated distribution channel. Together, broker distribution and geographic footprint are the two dimensions most worth monitoring, with the former being the more idiosyncratic of the two.
For the engine’s reasoning on KNSL’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Insurance - Property & Casualty
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CNA | CNA Financial Corporation | 2 | 0 | 0 | 2 |
| AIZ | Assurant, Inc. | 1 | 2 | 0 | 3 |
| KNSL● | Kinsale Capital Group, Inc. | 1 | 1 | 1 | 3 |
| ALL | Allstate Corporation (The) | 1 | 0 | 0 | 1 |
| CB | Chubb Limited | 0 | 1 | 0 | 1 |
| AFG | American Financial Group, Inc. | 0 | 0 | 2 | 2 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.