Kinsale Capital Group, Inc. (NYSE: KNSL ) represents one of the best opportunities among U.S. insurance stocks, especially if it can improve its float management, a task that requires an exceptional investment strategy.As a passionate analyst of high-quality companies, I focus on long-term investments with the goal of outperforming the market average. With a keen interest in identifying firms that demonstrate exceptional growth potential and sustainable competitive advantages, I strive to provide insightful ...

This insurer has delivered incredible returns since its 2016 initial public offering (IPO). Can it keep winning for investors? When building long-term wealth through the stock market, it's important to find high-quality companies capable of sustained growth regardless of what the economy throws at them. Kinsale Capital (KNSL -5.29%) is one such company that has consistently delivered remarkable returns to its shareholders. The company may not be a household name, but its stock has steadily climbed since its ...

Kinsale's third-quarter earnings look excellent, but management is trying to rein in expectations.After reporting third-quarter earnings, shares of excess and surplus (E&S) insurer Kinsale Capital (KNSL -7.80%) were down 8% as of 1:45 p.m. ET Friday, according to data provided by S&P Global Market Intelligence.Despite delivering earnings-per-share growth of 50% during Q3, Kinsale's gross written premium growth slowed to "only" 19% as the company faced increasing competition. Priced at nearly 30 times earnin ...

Financial Data and Key Metrics Changes - In Q3 2024, the company's operating earnings per share increased by 27% and gross written premium grew by 19% compared to Q3 2023 [3] - Net income and net operating earnings rose by 50.1% and 26.8%, respectively, with a combined ratio of 75.7% for the quarter [8] - The nine-month annualized operating return on equity was reported at 28.2% [3] Business Line Data and Key Metrics Changes - Premium growth was 19% in Q3, down from 21% in Q2 and 26% in Q1, attributed to increased competition in commercial property and certain liability lines [10] - The casualty business showed steady growth, particularly in general and excess casualty divisions, while the commercial property division experienced a slowdown [10][11] - New business submission growth was strong at around 23% for the quarter, indicating positive future growth prospects [12] Market Data and Key Metrics Changes - The overall E&S market remained steady with increased competition, leading to varied rate changes and growth rates across different underwriting divisions [5] - Rates increased by approximately 3% on a nominal basis, down from around 6% in the previous quarter [13] - The company noted strong growth in the transportation divisions, especially in commercial auto and high-value homeowners segments [12] Company Strategy and Development Direction - The company's strategy focuses on controlling underwriting, providing superior customer service, and leveraging technology for cost efficiency [4] - The management expressed confidence in the company's ability to generate strong returns and grow in various market environments [4] - A $100 million share buyback program was approved, reflecting confidence in the business strategy and long-term growth potential [7] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the modest natural catastrophe losses in the quarter and emphasized a cautious risk management strategy [6] - The competitive landscape is expected to evolve post-hurricanes, with potential impacts on pricing and competition levels [18] - Management remains optimistic about growth prospects, citing strong margins and a durable competitive advantage [13][29] Other Important Information - The expense ratio improved to 19.6% from 20.9% year-over-year, benefiting from seating commissions and expense management [8] - The company is not pursuing M&A or extraordinary dividends in the near term, focusing instead on capital allocation through share buybacks [9] Q&A Session Summary Question: Clarification on the share repurchase program - Management indicated that the $100 million buyback is modest and will not offset dilution from restricted shares but will minimize it [16] Question: Impact of hurricanes on competition - Management stated it is too early to determine the impact of hurricane losses on competition, with estimates ranging significantly [18] Question: Migration of business between E&S and standard markets - Management noted that the E&S market continues to grow, although competition has increased, affecting growth rates [20] Question: Pricing trends and loss ratios - Management confirmed that some divisions are experiencing double-digit rate increases, while others are below trend, but overall pricing remains strong [22] Question: Exposure to Hurricane Milton - Management estimated total after-tax losses from Hurricane Milton to be under $10 million, with a competitive market expected to evolve [6][25] Question: Future growth expectations - Management reiterated a long-term growth expectation of 10% to 20%, with the potential for variability based on market conditions [57] Question: Retention rates in the book - Management indicated that Kinsale retains about two-thirds of its policies year-over-year, consistent with industry norms [58] Question: Share buybacks versus dividends - Management explained the preference for share buybacks over special dividends, citing confidence in the business model and long-term growth [62]

Kinsale Capital Group (KNSL) delivered third-quarter 2024 net operating earnings of $4.20 per share, which outpaced the Zacks Consensus Estimate by 13.5%. The bottom line increased 26.9% year over year. The results reflect the continued execution of its strategy of disciplined underwriting and technology-enabled low costs. Shares gained 2.3% in the after-market trading session to reflect the outperformance. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Operational Update Operatin ...

Kinsale Capital Group, Inc. (KNSL) reported $418.06 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 33%. EPS of $4.20 for the same period compares to $3.31 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $401.22 million, representing a surprise of +4.20%. The company delivered an EPS surprise of +13.51%, with the consensus EPS estimate being $3.70.While investors closely watch year-over-year changes in headline numbers -- revenue ...

Kinsale Capital Group, Inc. (KNSL) came out with quarterly earnings of $4.20 per share, beating the Zacks Consensus Estimate of $3.70 per share. This compares to earnings of $3.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.51%. A quarter ago, it was expected that this company would post earnings of $3.52 per share when it actually produced earnings of $3.75, delivering a surprise of 6.53%.Over the last four quarters, t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _______ to _______ Commission File Number: 001-37848 KINSALE CAPITAL GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 98-0664337 (State or ot ...

Exhibit 99.1 Kinsale Capital Group Reports Third Quarter 2024 Results Richmond, VA, October 24, 2024 - Kinsale Capital Group, Inc. (NYSE: KNSL) reported net income of $114.2 million, $4.90 per diluted share, for the third quarter of 2024 compared to $76.1 million, $3.26 per diluted share, for the third quarter of 2023. Net income included after-tax catastrophe losses of $10.8 million in the third quarter of 2024 and $0.9 million in the third quarter of 2023. Net income was $305.7 million, $13.10 per diluted ...

Wall Street analysts expect Kinsale Capital Group, Inc. (KNSL) to post quarterly earnings of $3.70 per share in its upcoming report, which indicates a year-over-year increase of 11.8%. Revenues are expected to be $401.22 million, up 27.6% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company announces its earnings, it ...