Kinsale Capital (KNSL) Q1 Earnings Top, Premiums Rise Y/Y

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 ...