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. (KNSL) delivers specialty insurance solutions through disciplined underwriting in the excess and surplus lines market. This news hub provides investors and industry professionals with centralized access to official company developments and market-moving information.
Track all KNSL press releases, regulatory filings, and news coverage related to underwriting strategies, product expansions, and financial performance. Our curated feed includes earnings announcements, leadership updates, and analyses of emerging risks in specialty insurance sectors like healthcare, construction, and environmental liability.
Key updates cover broker network developments, claims management innovations, and capital allocation decisions. Bookmark this page for real-time access to Kinsale's operational milestones and strategic initiatives in the non-admitted insurance market.
Kinsale Capital Group (NYSE: KNSL) announced plans to offer 155,000 shares of common stock in an underwritten public offering under an effective SEC registration statement. The company may grant the underwriter a 30-day option to purchase an additional 23,250 shares. Proceeds from the offering will be used for general corporate purposes, including funding organic growth. J.P. Morgan is the acting underwriter. This press release does not constitute an offer to sell or a solicitation to buy securities.
Kinsale Capital Group reported third-quarter net income of $33 million ($1.43 per diluted share) for 2022, down from $36.6 million ($1.59 per diluted share) in 2021. The drop was primarily due to $20.6 million in after-tax catastrophe losses and a decline in equity investments. However, net operating earnings rose 3.3% to $37.9 million. Gross written premiums increased significantly by 43.8% to $284.1 million, and net investment income surged 71.2% to $13.9 million. The company maintained a combined ratio of 83.6%, despite higher catastrophe activity.
Kinsale Capital Group, Inc. (NYSE: KNSL) will announce its third-quarter financial results on October 27, 2022, after market closure. A conference call will be held on October 28, 2022, at 9:00 a.m. ET to discuss these results with analysts and investors. Participants can access the call via phone at (888) 660-6493 or through Kinsale's website. The results and the replay of the call will be available on their website until November 25, 2022.
Kinsale Capital Group (NYSE: KNSL) has declared a cash dividend of
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.
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