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 ...

An Outperformer Shares of this Zacks Rank #3 (Hold) insurer have gained 14.9% year to date, compared with the industry's growth of 14.5%. Kinsale's return on equity (ROE) for the trailing 12 months is 31.2%, comparing favorably with the industry's 7.8% and reflecting the company's efficiency in utilizing shareholders' funds. This insurer targets mid-teens ROE over the long term. Growth Projection Earnings History Growth Drivers growth and generated better underwriting results than the broader P&C industry. ...

Market participants will be closely following the financial results of Kinsale Capital Group, Inc. in its upcoming release. The company is forecasted to report an EPS of $3.52, showcasing a 22.22% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $377.15 million, showing a 27.51% escalation compared to the year-ago quarter. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Kinsal ...

Kinsale Capital Group, Inc. (KNSL) has been favored by investors on the back of its focus on the excess and supply (E&S) market, prudent underwriting, growth in the investment portfolio and effective capital deployment.Optimistic Growth ProjectionThe consensus estimate for Kinsale Capital’s 2024 earnings per share indicates a year-over-year increase of 20.5% from the consensus estimate of 2023. The consensus estimate for 2024 revenues is pinned at $1.55 billion, implying a year-over-year improvement of 27.4 ...

PM Images There are many insurance companies, but the quest to find ones that keep growing and maintain underwriting profits can be tricky. Thankfully, we find one such company in Kinsale Capital Group (NYSE:KNSL). With an impressive track record, I'll go over what they do, why they do it well, and why the price is right, making it a solid Buy. Financial History Founded in 2009, it's not quite as established as some legacy names, but that hasn't hurt its ability to build a strong book of business. Author's ...