KNSL
Kinsale Capital Group, Inc.385.16
-7.01-1.79%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Property drop tied to late MGA influx
Q&A pinned Commercial Property's steeper Q4 decline on a November-December influx from London and MGAs, after seeming stabilization earlier; Mike expects it to steady post next couple quarters, though competition lingers into 2026. Ex-property lines grew 10.2%, buoyed by steady low-70s% retention, no admitted-market flow, and pockets like casualty and small property thriving amid varied pricing. Homeowners insurance emerges as measured long-term expansion, starting small in five states. Data centers? Not material. Management stayed bullish on cost edges. Q&A reaffirms script with sharper property color. Watch stabilization there.
Key Stats
Market Cap
8.97BP/E (TTM)
18.94Basic EPS (TTM)
20.34Dividend Yield
0%Recent Filings
10-K
FY2025 results
Kinsale Capital grew gross written premiums 5.7% to $2.0B in FY2025 ended December 31, 2025, with net earned premiums up 16.7% to $1.6B on higher retention (81.7% vs 79.0%). Combined ratio tightened to 75.9% from 76.4% via $62.8M prior-year favorable development (3.9 pts), though Q4 cat losses hit $30.4M from Palisades Fire; property GWP fell 17.9% on rate pressure, yet casualty lines accelerated. Net income jumped 21.4% to $503.6M (ROE 29.3%), fueled by $192.2M investment income (+27.9%). Debt steady at $224M; $250M buyback authorized. Yet loss reserves may prove inadequate for actual claims.
8-K
Q4 net income jumps 27%
Kinsale Capital Group reported Q4 2025 net income of $138.6 million, up 27% from $109.1 million a year ago, with diluted EPS at $5.99. Full-year net income hit $503.6 million on 9.4% net written premium growth to $1.6 billion and a stellar 71.7% combined ratio. Commercial Property premiums plunged 28.3%, yet profitability soared. Shareholders get a richer $0.25 dividend.
8-K
Director Russell exits board
8-K
Kinsale Investor Day strategies
Kinsale Capital Group held its Investor Day on January 8, 2026, in Richmond, Virginia, unveiling strategies for E&S expansion into high-value homeowners amid a $3.1B market up 43% YoY, driven by catastrophes and rising home values. Proprietary tech and AI sharpen underwriting and claims, targeting efficiency gains and new products through 2026. Data fuels the edge. Forward-looking statements carry risks per 10-K.
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