Welcome to our dedicated page for Kinsale Capital news (Ticker: KNSL), a resource for investors and traders seeking the latest updates and insights on Kinsale Capital stock.
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.
BetterInvesting Magazine's Editorial Advisory and Securities Review Committee has announced Kinsale Capital Group Inc. (NYSE: KNSL) as its 'Stock to Study' and Yum China Holdings Inc. (NYSE: YUMC) as its 'Undervalued Stock' in the December 2024 issue. The committee emphasizes the importance of focusing on long-term investment approaches and stock studies rather than predicting election outcomes and potential legislative changes.
Ken Zendel, CEO of the National Association of Investors / BetterInvesting, stated that factors impacting a company's business are likely to play a more significant role in its future than election-related issues. The magazine encourages investors to learn about stock investing fundamentals and utilize BetterInvesting's online tools to analyze the investment potential of the featured stocks.
Kinsale Capital Group (NYSE: KNSL) has announced a cash dividend of $0.15 per share of common stock. The dividend will be payable on September 12, 2024 to stockholders of record at the close of business on August 29, 2024. This announcement demonstrates Kinsale's commitment to returning value to its shareholders through regular dividend payments. The declaration of dividends is typically seen as a positive sign of a company's financial health and confidence in its future prospects.
Kinsale Capital Group (NYSE: KNSL) reported strong Q2 2024 results, with net income of $92.6 million ($3.97 per diluted share), up from $72.8 million ($3.12 per diluted share) in Q2 2023. Key highlights include:
- Gross written premiums increased by 20.9% to $529.8 million
- Net investment income rose 48.3% to $35.8 million
- Underwriting income was $76.1 million, with a combined ratio of 77.7%
- Annualized operating return on equity was 28.8% for H1 2024
The company's growth was driven by strong submission flow from brokers and a favorable pricing environment. Kinsale's investment portfolio had an annualized gross investment return of 4.3% for H1 2024, with a conservative approach and an average credit quality of "AA-".
Kinsale Capital Group (NYSE: KNSL) announced the release of its financial results for Q2 2024 on July 25, 2024, after market close. The Company will hold a conference call on July 26, 2024, at 9:00 a.m. ET to discuss the results with analysts and investors. Interested parties can access the call via phone or through the Kinsale Capital Group website. A replay of the conference call will be available online until August 23, 2024.
Kinsale Capital Group (NYSE: KNSL) has announced a quarterly cash dividend of $0.15 per share of common stock.
This dividend will be payable on June 13, 2024, to shareholders who are on record by the end of business on May 31, 2024.
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