Kinsale Capital Stock Price, News & Analysis

Kinsale Capital Group (NYSE: KNSL) reported a net income of $27.1 million ($1.17 per diluted share) for Q2 2022, down 24% from Q2 2021's $35.6 million ($1.55 per diluted share). For H1 2022, net income totaled $58.9 million ($2.55 per diluted share), a decline from $67.7 million ($2.94 per diluted share) in H1 2021. Positive highlights include a 42.7% increase in gross written premiums to $277 million and a 51.0% rise in net operating earnings to $44.4 million. The combined ratio improved to 76.8% from 79.2%. The company forecasts continued growth backed by strong underwriting performance.

Kinsale Capital Group, Inc. (NYSE: KNSL) will release its financial results for Q2 2022 on Thursday, July 28, 2022, after market close. The company will discuss these results in a conference call on Friday, July 29, 2022, at 9:00 a.m. Eastern Time. Investors can access the release on the company's website.

As a specialty insurance group based in Richmond, Virginia, Kinsale focuses on the excess and surplus lines market.

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of 'a' (Excellent) for Kinsale Insurance Company. Additionally, Kinsale Capital Group, Inc.'s Long-Term ICR of 'bbb' (Good) was confirmed, with a stable outlook. The ratings reflect Kinsale's very strong balance sheet strength and strong operating performance, which outperforms industry peers. However, any deterioration in operational metrics could lead to negative rating actions. Kinsale's risk-adjusted capitalization levels remain stable.

Kinsale Capital Group, Inc. (NYSE: KNSL) declared a cash dividend of $0.13 per share, payable on June 13, 2022, to stockholders of record as of May 31, 2022. This decision reflects the company's ongoing commitment to returning value to its shareholders. Headquartered in Richmond, Virginia, Kinsale specializes in the excess and surplus lines market, demonstrating financial resilience and confidence in its ongoing business strategy.

Kinsale Capital Group reported a net income of $31.8 million for Q1 2022, slightly down by 0.9% from Q1 2021. However, net operating earnings surged to $37.7 million, marking a 47.6% increase year-over-year. Gross written premiums rose 45.4% to $245.5 million. The combined ratio improved to 79.0%, reflecting effective underwriting practices. Despite positive trends in premium growth and investment income up by 30.9%, a decline in the fair value of equity investments hampered overall net income.

Kinsale Capital Group, Inc. (NYSE: KNSL) announced its upcoming financial results for the first quarter of 2022, set to be released after market hours on April 28, 2022. A conference call will follow on April 29, 2022, at 9:00 a.m. Eastern Time, for analysts and investors to discuss the results. Interested parties can access the conference via phone or the company's website. Details for the call and a replay until May 27, 2022 will be available online.

Kinsale Capital Group, Inc. (NYSE: KNSL) announced the promotion of Stuart P. Winston to Senior Vice President, Underwriting, effective March 1, 2022. He will oversee the Casualty area, which includes Construction, Excess Casualty, General Casualty, and Small Business divisions. Winston has been with Kinsale since 2010, previously serving as Vice President, Underwriting. Brian Haney, COO, expressed confidence in Winston’s ability to enhance Kinsale’s underwriting operations. Kinsale is a specialty insurance group focused on the excess and surplus lines market.

Kinsale Capital Group (KNSL) reported strong financial results for Q4 2021, with net income of $48.3 million ($2.09 per diluted share), a 26.6% increase from Q4 2020. For the full year 2021, net income rose 72.7% to $152.7 million ($6.62 per diluted share). Gross written premiums increased by 36% in Q4 and 38.3% for the year, totaling $764.4 million. The combined ratio improved to 74.5% in Q4, reflecting effective underwriting and lower catastrophe activity. The company anticipates continued market momentum into 2022.

Kinsale Capital Group declared a $0.13 cash dividend per share on February 15, 2022. The dividend will be payable to shareholders on March 14, 2022, with a record date of March 2, 2022. This move emphasizes Kinsale's confidence in its financial performance and commitment to returning value to shareholders.