Kinsale Capital Group, Inc. reports developments for a specialty insurance holding company focused on commercial excess and surplus lines property and casualty insurance. Recurring updates cover underwriting results, gross and net written premiums, underwriting income, combined ratio, catastrophe losses, net investment income and operating earnings within its Excess and Surplus Lines Insurance segment.
Company news also includes cash dividends, share repurchase authorizations, earnings-release and conference-call announcements, governance and leadership changes, and realignment of analytics, actuarial and technology functions. Kinsale also reports corporate real estate activity tied to Kinsale Center, including tenant leasing at the development owned through a subsidiary.
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.
Kinsale Capital Group, Inc. (Nasdaq: KNSL) has declared a cash dividend of $0.11 per share of common stock. This dividend will be paid on September 13, 2021, to stockholders of record by the close of business on August 31, 2021. Kinsale Capital focuses on the excess and surplus lines market and is headquartered in Richmond, Virginia. This move indicates the company’s commitment to returning value to its shareholders while maintaining its operations in the specialty insurance sector.
Kinsale Capital Group (Nasdaq: KNSL) reported net income of $35.6 million for Q2 2021, a 17.8% increase from Q2 2020, translating to $1.55 per diluted share. For the first half of 2021, net income reached $67.7 million, or $2.94 per share. Notable highlights included a 44.7% rise in gross written premiums to $194.1 million and a combined ratio of 79.2%. Investment income also rose 11.8% to $7.4 million. Kinsale expressed optimism for the remaining year due to favorable E&S market conditions and disciplined underwriting.
Kinsale Capital Group, Inc. (Nasdaq: KNSL) will announce its Q2 2021 financial results on July 29, 2021, after market close. A conference call for investors and analysts is scheduled for July 30, 2021, at 9:00 a.m. (ET) to discuss the earnings report. Interested parties can access the call by dialing (844) 239-5282 with the conference ID 6180205 or via the company website. A replay of the call will be available until September 28, 2021. Kinsale is a specialty insurance group focusing on the excess and surplus lines market.
Kinsale Capital Group, Inc. (Nasdaq: KNSL) has declared a quarterly cash dividend of $0.11 per share, scheduled for payment on June 11, 2021. Stockholders on record as of May 27, 2021 will receive this dividend. The company, based in Richmond, Virginia, specializes in the excess and surplus lines insurance market.
Kinsale Capital Group (Nasdaq: KNSL) reported a strong first quarter of 2021, with net income rising to $32.1 million ($1.39 per diluted share), a 530.7% increase from Q1 2020. Net operating earnings reached $25.5 million ($1.11 per diluted share), up 48.1% year-over-year. Key highlights include a 36.2% increase in gross written premiums, totaling $168.9 million, and an underwriting income of $24.6 million, yielding a combined ratio of 80.0%. The company showed a 17.6% annualized operating return on equity, capitalizing on favorable market conditions.
Kinsale Capital Group has announced it will release its first quarter 2021 financial results after the market closes on April 29, 2021. Following this, a conference call will take place on April 30, 2021 at 9:00 a.m. ET, where analysts and investors can discuss the results. Participants can access the call by dialing (844) 239-5282 with conference ID# 9082678, or online via the company's website. A replay will be available until June 29, 2021.
Kinsale Capital Group (Nasdaq: KNSL) announced senior management promotions effective March 1, 2021. Diane D. Schnupp has been appointed Executive Vice President and Chief Information Officer, having previously served as Senior Vice President and Chief Information Officer since joining in 2019. Amber J. Sheridan rises to Senior Vice President of Human Resources after joining the company in 2015. Brendan M. McMorrow is now Vice President of Underwriting, focusing on Specialty Casualty, having held the Assistant Vice President role since 2018. These changes aim to strengthen Kinsale's leadership and operational effectiveness.
Kinsale Capital Group (KNSL) reported a robust financial performance for Q4 and FY 2020. Net income surged 113.9% in Q4 to $38.2 million ($1.65 per diluted share) and increased 39.6% for the year to $88.4 million ($3.87 per diluted share). After-tax catastrophe losses were $4.8 million for Q4 and $18.3 million for the year. Gross written premiums rose 33.7% in Q4 to $149.9 million, with a combined ratio of 81.6%. Notably, net operating earnings improved by 83.8% for Q4 and 35.8% for the year. The company anticipates continued growth in 2021.