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. (NYSE: KNSL) is an insurance holding company in the direct property and casualty insurance carriers industry, with operations focused on excess and surplus lines insurance. The KNSL news page on Stock Titan aggregates company announcements, earnings releases, ratings actions and other disclosures that the company and third parties distribute to the market.
Investors following KNSL news will find regular updates on quarterly and year-to-date financial results, including net income, net operating earnings, gross written premiums, combined ratio and return on equity metrics. Kinsale frequently issues press releases detailing its underwriting performance, catastrophe losses, reserve development and net investment income, providing insight into how underwriting and investment activities affect overall profitability.
The company also announces board decisions and capital actions through news releases. These include authorizations of share repurchase programs for its common stock, declarations of cash dividends to stockholders of record, and information about amendments to financing agreements that affect restrictions on restricted payments. Corporate governance developments, such as the election of executives to the board of directors, planned retirements, promotions within underwriting leadership and equity incentive awards, are likewise communicated via news items.
External perspectives on Kinsale, such as AM Best’s affirmations of its financial strength and issuer credit ratings, also appear in the news flow. These rating updates describe Kinsale’s balance sheet strength, operating performance and enterprise risk management as assessed by the rating agency. By reviewing the KNSL news feed, users can track how Kinsale communicates its financial performance, risk profile, capital allocation and leadership changes over time.
For those researching KNSL stock, revisiting this news page provides a centralized view of the company’s public disclosures and related third-party commentary.
Kinsale Capital Group announced a cash dividend of $0.13 per share, payable on December 13, 2022, to shareholders on record as of November 30, 2022. The company operates in the specialty insurance sector, specifically focusing on excess and surplus lines. This dividend signals the company's ongoing commitment to returning value to its shareholders, reflecting confidence in its financial position.
Kinsale Capital Group announced the pricing of an underwritten public offering of 155,000 shares of common stock, with an additional 23,250 shares available through the underwriter's option. The offering is expected to close on November 15, 2022, aiming for gross proceeds of approximately $48.4 million for general corporate purposes, including funding organic growth. J.P. Morgan is the acting underwriter, and the offering followed an automatically effective registration statement with the SEC.
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 $0.13 per share, payable on September 13, 2022. Stockholders on record as of August 29, 2022 will receive this dividend. Kinsale Capital operates in the excess and surplus lines market, headquartered in location value="LU/us.va.rchmnd"Richmond, Virginia. This announcement reflects the company's ongoing commitment to returning value to its shareholders.
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.