Kinsale Capital Stock Price, News & Analysis

Kinsale Capital Group, Inc. (Nasdaq: KNSL) will release its fourth quarter 2020 financial results after the market closes on February 18, 2021. A conference call will follow on February 19, 2021, at 9:00 a.m. ET to discuss the results with analysts and investors. Interested parties can access the call by dialing (844) 239-5282 or by visiting the company’s website for a live stream. A replay will be available on their site until April 19, 2021. Kinsale specializes in the excess and surplus lines market.

Kinsale Capital Group, Inc. (Nasdaq: KNSL) announced the appointment of two new members, Teresa P. Chia and Robert (Trey) V. Hatcher, III, to its Board of Directors, effective January 1, 2021. This expansion increases the board's size from seven to nine members. Chairman Robert Lippincott III highlighted their extensive leadership and industry expertise, which he believes will enhance Kinsale's strategic execution and profitability. Chia brings experience from White Mountains Capital, while Hatcher has over 40 years in the insurance sector, most recently as Vice Chairman of Willis Re Inc.

Kinsale Capital Group, Inc. (Nasdaq: KNSL) has declared a cash dividend of $0.09 per share, payable on December 11, 2020, to stockholders of record as of the close on November 30, 2020. This announcement reflects the company's commitment to returning value to its shareholders while operating in the specialty insurance sector focused on excess and surplus lines.

Kinsale Capital Group (Nasdaq: KNSL) has announced the promotion of Ashlee B. Randall to Vice President of Commercial Property and Inland Marine. Previously, she was the Assistant Vice President overseeing the Energy and Environmental Divisions. Randall brings extensive underwriting experience from James River Insurance Company and holds degrees in history and mathematics. Brian Haney, COO, praised her leadership and potential for growth in her new role, enhancing Kinsale's capabilities in the commercial property sector.

Kinsale Capital Group (Nasdaq: KNSL) reported a net income of $14.9 million (or $0.65 per diluted share) for Q3 2020, a 14.8% increase from Q3 2019's $13.0 million. Despite this growth, net operating earnings fell 23.9% to $9.6 million. The company experienced an impressive 47.8% growth in gross written premiums, totaling $144.8 million in Q3 2020. However, catastrophe losses of $13.2 million were incurred. Year-to-date net income reached $50.2 million, up from $45.5 million in 2019.

Kinsale Capital Group, Inc. (KNSL) will release its third-quarter financial results on October 29, 2020, after market close. A conference call to discuss the results will take place on October 30, 2020, at 9:00 a.m. ET. Investors can access the call by dialing (844) 239-5282 with conference ID# 3956358 or through the company’s website. A replay will be available until December 30, 2020. The company specializes in the excess and surplus lines market.

Kinsale Capital Group (Nasdaq: KNSL) has appointed Mark J. Beachy as Executive Vice President and Chief Claims Officer, effective October 5, 2020. He succeeds Ann Marie Marson, who will retire on September 30, 2020, after over a decade in the role. Michael Kehoe, CEO, expressed confidence in Beachy's leadership skills benefiting the claims operations. Beachy previously served at Travelers Indemnity, overseeing a large legal staff, and has extensive experience in claims management. He holds a B.S. in Journalism and a J.D. from Catholic University.

Kinsale Capital Group (KNSL) announced a cash dividend of $0.09 per share, set for payment on September 14, 2020. Stockholders must be on record by the close of business on August 31, 2020 to qualify. This move reflects the company's commitment to returning value to shareholders amidst its focus on the specialty insurance market in Virginia.

Kinsale Capital Group, Inc. (NASDAQ: KNSL) announced a public offering of 270,000 shares of common stock at $190.00 each, with a 30-day underwriter option for an additional 40,500 shares. The offering is set to close on August 7, 2020, expecting net proceeds of approximately $49.2 million for general corporate purposes, including funding organic growth. J.P. Morgan acts as the sole bookrunner, supported by several co-managers. The offering complies with SEC regulations under an effective registration statement.