Apr. 25 at 1:44 PM
$KNSL
In January 2025, a series of wildfires occurred in Southern California. Kinsale estimates pre-tax catastrophe losses of approximately
$25 million, net of reinsurance, related to these events. These losses are expected to be reflected in the first quarter of 2025 and are subject to change due to the ongoing nature of the events and the complexity of the claims
In the fourth quarter of 2024, Kinsale reported net catastrophe losses of
$7.9 million, primarily related to Hurricane Milton. For the full year of 2024, net catastrophe losses totaled
$25.5 million, mainly due to Hurricanes Milton, Helene, Francine, and tornadoes in the Midwest .
