Kinsale Capital Stock Price, News & Analysis

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.

Kinsale Capital Group, Inc. (NYSE: KNSL) will release its fourth quarter 2021 financial results on February 17, 2022, post-market. A conference call for analysts and investors is scheduled for February 18, 2022, at 9:00 a.m. Eastern Time. The call can be accessed via phone or through Kinsale's website. A replay will be available until April 19, 2022. Kinsale specializes in the excess and surplus lines market, headquartered in Richmond, Virginia.

The New York Stock Exchange (NYSE) announced that Kinsale Capital Group (NYSE: KNSL) has successfully completed its transfer to NYSE and will begin trading as a listed company.

This transition allows Kinsale Capital to benefit from NYSE's advanced market model, technology, and extensive network of industry leaders. CEO Michael P. Kehoe expressed optimism about this move, emphasizing the potential for long-term shareholder value. Since 2000, nearly 300 companies have moved to NYSE, representing over $1 trillion in market value.

Kinsale Capital Group will transfer its common stock listing from the Nasdaq Global Select Market to the New York Stock Exchange (NYSE), starting January 3, 2022, under the ticker symbol 'KNSL'. This strategic move aims to enhance its business model and leverage the NYSE's advanced technology and oversight. Kinsale's CEO, Michael P. Kehoe, expressed optimism about delivering long-term value for shareholders. The company is focused on the excess and surplus lines market and anticipates leveraging the NYSE's platform for growth.

Kinsale Capital Group, Inc. (Nasdaq: KNSL) announced a cash dividend of $0.11 per share, payable on December 13, 2021, to stockholders of record by November 29, 2021. This decision reflects the company's commitment to returning value to its shareholders while operating in the specialty insurance sector, specifically the excess and surplus lines market. The dividend declaration highlights Kinsale's solid financial position and confidence in its ongoing business strategy.

Kinsale Capital Group (KNSL) reported a significant increase in net income for Q3 2021, totaling $36.6 million, or $1.59 per diluted share, compared to $14.9 million, or $0.65 per diluted share in Q3 2020. Total net income for the first nine months of 2021 reached $104.3 million, up from $50.2 million in the previous year. The company experienced a 36.5% growth in gross written premiums, totaling $197.6 million in Q3 2021. Notably, the underwriting income rose sharply to $38.1 million, reflecting a favorable combined ratio of 75.7%. Investment income also improved, contributing positively to the overall financial performance.

Kinsale Capital Group, Inc. (Nasdaq: KNSL) will announce its third-quarter financial results on October 28, 2021, after market close. A conference call for analysts and investors is scheduled for October 29, 2021, at 9:00 a.m. Eastern Time to discuss these results. Interested parties can access the call via phone or through the company's website. A replay will be available until December 28, 2021. Kinsale operates in the specialty insurance sector, focusing on excess and surplus lines.

Kinsale Capital Group (KNSL) will host an in-person Investor Day on October 21, 2021, at its Richmond, Virginia headquarters. From 8:30 a.m. to 12:00 p.m. ET, CEO Michael P. Kehoe and management will share insights on the company’s underwriting, technology, and claims strategies aimed at driving financial performance. Investors are encouraged to register by October 15, 2021, via the provided link. A slide presentation will be accessible on the company’s Investor Relations page on the event day.