Kinsale Capital Group, Inc. reports developments for a specialty insurance holding company focused on commercial excess and surplus lines property and casualty insurance. Recurring updates cover underwriting results, gross and net written premiums, underwriting income, combined ratio, catastrophe losses, net investment income and operating earnings within its Excess and Surplus Lines Insurance segment.
Company news also includes cash dividends, share repurchase authorizations, earnings-release and conference-call announcements, governance and leadership changes, and realignment of analytics, actuarial and technology functions. Kinsale also reports corporate real estate activity tied to Kinsale Center, including tenant leasing at the development owned through a subsidiary.
Kinsale Capital Group (NASDAQ: KNSL) reported a significant increase in net income for Q2 2020, reaching $30.3 million ($1.33 per diluted share), up 119.8% from $13.8 million ($0.63 per diluted share) in Q2 2019. Year-to-date net income also rose to $35.3 million ($1.56 per diluted share). Gross written premiums surged by 41.2% to $134.1 million, driven by improved submission activity and underwriting performance, reflected in a combined ratio of 83.8%. Net investment income showed a robust 38.3% increase to $6.6 million. The company aims to sustain strong returns through disciplined underwriting.
Kinsale Capital Group announced it will release its Q2 2020 financial results after the market closes on July 30, 2020. A conference call for analysts and investors will take place on July 31, 2020, at 9:00 a.m. ET, where the results will be discussed. The financial release and conference call details will be accessible on the company’s website. Kinsale Capital specializes in the excess and surplus lines market, headquartered in Richmond, Virginia.
Kinsale Capital Group, Inc. (NASDAQ: KNSL) has declared a cash dividend of $0.09 per share for its common stock, scheduled for payment on June 12, 2020. Shareholders of record as of June 2, 2020 are eligible to receive this dividend. The company, based in Richmond, Virginia, operates in the specialty insurance sector, primarily focusing on excess and surplus lines.
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