Financial Data and Key Metrics Changes - Kinsale's operating earnings per share increased by 30.2% year-over-year, and gross written premium grew by 20.9% compared to Q2 2023 [6] - The company reported a combined ratio of 77.7% and a six-month operating return on equity of 28.8% [6][115] - Net income and net operating earnings increased by 27.2% and 30.2% respectively [115] - Net investment income rose by 48.3% in Q2 compared to the previous year, driven by strong operating cash flows and higher interest rates [117] Business Line Data and Key Metrics Changes - Premium grew by 21% in the second quarter, with strong growth in small property, entertainment, general casualty, and newer divisions like high-value homeowners and commercial auto [121] - The excess casualty business is also experiencing significant growth, while the professional line segment is facing increased competition [122] - Submission growth remained strong in the low 20s, indicating a positive signal for future growth [123] Market Data and Key Metrics Changes - The overall E&S market remained steady, with strong growth in new business submissions and positive rate changes across the book of business [8][9] - Rates increased by approximately 6% on a nominal basis, down slightly from around 7% in the previous quarter [124] - The property market is experiencing a normalization, with rates continuing to grow but at a slower pace [20][71] Company Strategy and Development Direction - Kinsale's strategy focuses on smaller accounts within the E&S market, maintaining strict underwriting control, and leveraging technology to manage costs [7] - The company aims to gradually increase its allocation to common stocks from 8% to 10% over the next several quarters [10] - The investment strategy remains conservative, primarily allocated to fixed income with a focus on maintaining a strong balance sheet [10][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's prospects for profitability and growth across various market environments [8] - The company is cautious about loss cost trends and inflation, particularly in longer-tailed lines, and aims to maintain conservative reserving practices [88] - Management noted that the competitive landscape remains rational, with a focus on disciplined underwriting [13][14] Other Important Information - The company renewed its reinsurance program with modest changes, including increased retention on certain treaties [11][12] - Management highlighted the importance of maintaining a balance between premium growth and return on equity, with a minimum ROE threshold to ensure wealth generation for investors [87] Q&A Session Summary Question: What is the outlook for growth given the strong performance against last year's high growth? - Management does not provide specific growth forecasts but expresses confidence in the business model and expects to continue taking market share [96] Question: How is pricing being used to manage growth? - Pricing varies by division, with some divisions able to push rates while others may not, depending on their ROE and market conditions [100] Question: Are there any changes in managing catastrophe exposure with increased property business? - The company maintains a consistent strategy of expert underwriting and strict limits on concentration, modeling the portfolio monthly to manage catastrophe exposure [105] Question: What are the current loss trends in the casualty books? - Current loss trends are slightly below nominal rate increases, with a focus on conservative reserving practices [110] Question: How is the company addressing the competitive landscape in the professional lines segment? - The company is selectively more aggressive in the professional lines segment due to its high profitability and margin potential [122]

For the quarter ended June 2024, Kinsale Capital Group, Inc. (KNSL) reported revenue of $384.55 million, up 30% over the same period last year. EPS came in at $3.75, compared to $2.88 in the year-ago quarter. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Shares of Kinsale Capital Group have returned -1.8% over the past month versus the Zacks S&P 500 composite ...

Kinsale Capital Group, Inc. (KNSL) came out with quarterly earnings of $3.75 per share, beating the Zacks Consensus Estimate of $3.52 per share. This compares to earnings of $2.88 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates four times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's c ...

Table of Contents The unaudited condensed consolidated financial statements and notes have been prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") for interim financial information and do not contain all of the information and footnotes required by U.S. GAAP for complete financial statements. As such, these unaudited condensed consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements of Kinsale Capital Grou ...

Net operating earnings were $87.4 million, $3.75 per diluted share, for the second quarter of 2024 compared to $67.2 million, $2.88 per diluted share, for the second quarter of 2023. Net operating earnings were $169.1 million, $7.25 per diluted share, for the first half of 2024 compared to $123.9 million, $5.32 per diluted share, for the first half of 2023. (1) (1) Highlights for the quarter included: Exhibit 99.1 Kinsale Capital Group Reports Second Quarter 2024 Results Richmond, VA, July 25, 2024 - Kinsal ...

Kinsale Capital (KNSL) is scheduled to report second-quarter 2024 earnings on Jul 25, after market close. The insurer delivered an earnings surprise in the last four reported quarters. Factors to Note Casualty and Property premiums are likely to have improved, banking on better performance at small property, entertainment and general casualty divisions as well as in high-value homeowners and commercial auto. Better pricing, established presence across the E&S market of the United States and high retention r ...

Company Performance - Kinsale Capital Group, Inc. (KNSL) shares have gained 2.11% over the past month, outperforming the Finance sector's loss of 1.05% and lagging behind the S&P 500's gain of 3.82% during the same period [1] - The stock closed at $403.07, marking a +1.28% move from the prior day, outperforming the S&P 500's daily gain of 0.64% [7] Earnings Estimates - The Zacks Consensus Estimates suggest analysts expect earnings of $14.98 per share and revenue of $1.55 billion for the full year, representing changes of +19.84% and +27.11% respectively from the previous year [4] - The upcoming earnings release is anticipated to report an EPS of $3.52, indicating a 22.22% rise compared to the same quarter last year, with revenue expected to be $377.37 million, reflecting a 27.59% increase from the same quarter last year [10] Valuation Metrics - Kinsale Capital Group currently has a PEG ratio of 1.77, compared to the Insurance - Property and Casualty industry's average PEG ratio of 1.61 [5] - The company holds a Forward P/E ratio of 26.56, which is a premium relative to the industry's average Forward P/E of 12.83 [11] Analyst Ratings - Kinsale Capital Group has a Zacks Rank of 4 (Sell), with the Zacks Rank system showing a track record of outperforming, where stocks rated 1 have produced an average annual return of +25% since 1988 [2] - Recent changes to analyst estimates for Kinsale Capital Group reflect short-term business trends, with positive revisions indicating optimism about the company's outlook [8][12] Industry Context - The Insurance - Property and Casualty industry is part of the Finance sector and currently holds a Zacks Industry Rank of 60, placing it in the top 24% of over 250 industries [9]

Investors in Kinsale Capital Group, Inc. (KNSL) need to pay close attention to the stock based on moves in the options market lately. That is because the Jul 19, 2024 $340 Call had some of the highest implied volatility of all equity options today. Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an ...

Company Performance - Kinsale Capital Group, Inc. closed at $394.23, reflecting a +1.15% change from the previous session, outperforming the S&P 500 which gained 0.25% [1] - The stock has increased by 1.14% over the past month, while the Finance sector has seen a loss of 2.3% and the S&P 500 has gained 3.34% [1] Upcoming Earnings - The company is expected to report an EPS of $3.51, representing a 21.88% increase from the prior-year quarter [2] - Revenue is projected at $377.15 million, which is a 27.51% increase from the prior-year quarter [2] Analyst Ratings and Valuation - Kinsale Capital Group holds a Zacks Rank of 3 (Hold), with a recent 0.86% decrease in the consensus EPS estimate over the last 30 days [3] - The company has a Forward P/E ratio of 26.09, significantly higher than the industry average of 12.3, indicating it is trading at a premium [4] Industry Context - The Insurance - Property and Casualty industry, part of the Finance sector, has a Zacks Industry Rank of 20, placing it in the top 8% of over 250 industries [9] - The Zacks Rank system has shown that top-rated industries outperform the bottom half by a factor of 2 to 1 [5]

Kinsale Capital Group, Inc. (KNSL) ended the recent trading session at $386.62, demonstrating a +0.48% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.85%. Elsewhere, the Dow saw a downswing of 0.09%, while the tech-heavy Nasdaq appreciated by 1.53%. Prior to today's trading, shares of the company had gained 1.75% over the past month. This has outpaced the Finance sector's loss of 1.12% and lagged the S&P 500's gain of 3.11% in that time. Market ...