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Kinsale Capital (KNSL) Q1 Earnings Top, Premiums Rise Y/Y
Zacks Investment Research· 2024-04-26 18:05
Kinsale Capital Group (KNSL) delivered first-quarter 2024 net operating earnings of $3.50 per share, which outpaced the Zacks Consensus Estimate by 5.1%. The bottom line increased 43.4% year over year.The results benefited from a favorable pricing environment, premium growth, rate increases and improved combined ratio, partially offset by higher expenses.Operational UpdateOperating revenues jumped 45.1% year over year to about $373 million. The growth can primarily be attributed to a rise in premiums, fee i ...
Kinsale Capital (KNSL) - 2024 Q1 - Earnings Call Transcript
2024-04-26 14:44
Kinsale Capital Group, Inc. (NYSE:KNSL) Q1 2024 Results Conference Call April 26, 2024 9:00 AM ET Company Participants Michael Kehoe - Chief Executive Officer and President Bryan Petrucelli - Executive Vice President, Chief Financial Officer and Treasurer Brian Haney - Executive Vice President and Chief Operating Officer Conference Call Participants Mark Hughes - Truist Andrew Andersen - Jefferies Bill Carcache - Wolfe Research Pablo Singzon - JPMorgan Operator Before we get started, let me remind everyone ...
Compared to Estimates, Kinsale Capital Group (KNSL) Q1 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-04-26 01:31
Kinsale Capital Group, Inc. (KNSL) reported $372.79 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 45.1%. EPS of $3.50 for the same period compares to $2.44 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $358.7 million, representing a surprise of +3.93%. The company delivered an EPS surprise of +5.11%, with the consensus EPS estimate being $3.33.While investors closely watch year-over-year changes in headline numbers -- revenue and ...
Kinsale Capital (KNSL) - 2024 Q1 - Quarterly Report
2024-04-25 20:12
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 March 31, 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 other ...
Kinsale Capital (KNSL) - 2024 Q1 - Quarterly Results
2024-04-25 20:11
Exhibit 99.1 Kinsale Capital Group Reports First Quarter 2024 Results Richmond, VA, April 25, 2024 - Kinsale Capital Group, Inc. (NYSE: KNSL) reported net income of $98.9 million, $4.24 per diluted share, for the first quarter of 2024 compared to $55.8 million, $2.40 per diluted share, for the first quarter of 2023. Net operating earnings were $81.6 million, $3.50 per diluted share, for the first quarter of 2024 compared to $56.8 million, $2.44 per diluted share, for the first quarter of 2023. (1) Highlight ...
Is Kinsale Capital Group (KNSL) Stock Outpacing Its Finance Peers This Year?
Zacks Investment Research· 2024-04-24 14:46
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has Kinsale Capital Group, Inc. (KNSL) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Kinsale Capital Group, Inc. is a member of the Finance sector. This group includes 859 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the ...
Insights Into Kinsale Capital Group (KNSL) Q1: Wall Street Projections for Key Metrics
Zacks Investment Research· 2024-04-22 14:22
Analysts on Wall Street project that Kinsale Capital Group, Inc. (KNSL) will announce quarterly earnings of $3.33 per share in its forthcoming report, representing an increase of 36.5% year over year. Revenues are projected to reach $358.7 million, increasing 39.6% from the same quarter last year.The current level reflects an upward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their i ...
Kinsale Capital Group, Inc. (KNSL) Reports Next Week: Wall Street Expects Earnings Growth
Zacks Investment Research· 2024-04-18 15:08
Kinsale Capital Group, Inc. (KNSL) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be release ...
Is Kinsale Capital Group (KNSL) a Solid Growth Stock? 3 Reasons to Think "Yes"
Zacks Investment Research· 2024-04-17 17:46
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth S ...
Kinsale Capital Group (KNSL) Upgraded to Buy: Here's What You Should Know
Zacks Investment Research· 2024-04-17 17:01
Investors might want to bet on Kinsale Capital Group, Inc. (KNSL) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of ...