Kinsale Capital Group, Inc.
- Open
- 380.15
- Day high
- 387.54
- Day low
- 378.94
- Prev close
- 376.78
- Volume
- 12K
- Mkt cap
- $8.6B
- P/E (TTM)
- 15.2
- EPS (TTM)
- $25.34
- P/B
- 4.2
- P/S
- 4.3
- Yield
- 0.24%
- Per share
- $0.92
- ▲Insiders net buying $100K over the last 3 months (1 open-market buy, 0 sales)
- 🏛Institutions mixed (13F)
Kinsale Capital Group, Inc. (KNSL) is a Financial Services company listed on NYSE. The stock is down 16% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 0 sales (SEC Form 4). Drillr has 1 published research article covering KNSL.
Kinsale Capital Group, Inc. (KNSL) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
KNSL earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 24, 2026 | $5.13 | $5.54 | +8.0% | $452M | +0.7% |
| Apr 24, 2026 | $4.70 | $5.11 | +8.8% | $403M | -1.8% |
| Feb 12, 2026 | $5.30 | $5.81 | +9.5% | $483M | +1.0% |
| Oct 23, 2025 | $4.79 | $5.21 | +8.7% | $498M | +5.9% |
| Jul 24, 2025 | $4.41 | $4.78 | +8.3% | $470M | +10.6% |
| Apr 24, 2025 | $3.18 | $3.71 | +16.8% | $423M | -1.0% |
| Feb 13, 2025 | $4.25 | $4.62 | +8.7% | $412M | -1.8% |
| Oct 24, 2024 | $3.63 | $4.20 | +15.8% | $418M | -0.2% |
| Jul 25, 2024 | $3.55 | $3.75 | +5.6% | $383M | +2.0% |
| Apr 25, 2024 | $3.35 | $3.50 | +4.4% | $373M | +4.8% |
| Feb 15, 2024 | $3.41 | $3.87 | +13.6% | $351M | +5.1% |
| Oct 26, 2023 | $2.83 | $3.31 | +17.0% | $314M | -2.3% |
KNSL insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 9, 2026 | Tangard Christopher R.officer: SVP, Chief Accounting Officer | Buy | 330 | $304.00 |
| May 27, 2026 | Allibhai Salmaan K.officer: Chief Analytics & Tech Officer | Option | 600 | $16.00 |
| May 27, 2026 | Allibhai Salmaan K.officer: Chief Analytics & Tech Officer | Sell | 250 | $311.17 |
| May 6, 2026 | Kehoe Michael Pdirector, officer: Chairman President and CEO | Sell | 5,357 | $301.88 |
| May 6, 2026 | Kehoe Michael Pdirector, officer: Chairman President and CEO | Sell | 9,673 | $302.79 |
| May 6, 2026 | Kehoe Michael Pdirector, officer: Chairman President and CEO | Sell | 160 | $306.06 |
| May 6, 2026 | Kehoe Michael Pdirector, officer: Chairman President and CEO | Sell | 638 | $304.63 |
| May 6, 2026 | Kehoe Michael Pdirector, officer: Chairman President and CEO | Sell | 5,028 | $303.53 |
| May 6, 2026 | Kehoe Michael Pdirector, officer: Chairman President and CEO | Sell | 1,720 | $300.76 |
| May 6, 2026 | Kehoe Michael Pdirector, officer: Chairman President and CEO | Option | 22,576 | $16.00 |
| Mar 2, 2026 | Petrucelli Bryan P.officer: EVP, CFO and Treasurer | Sell | 5,100 | $378.35 |
| Mar 2, 2026 | Hatcher Robert V. IIIdirector | Sell | 150 | $379.68 |
| Mar 2, 2026 | Russell Frederick L. Jr.director | Option | 4,000 | $16.00 |
| Mar 2, 2026 | Russell Frederick L. Jr.director | Sell | 4,000 | $379.50 |
| Mar 2, 2026 | Petrucelli Bryan P.officer: EVP, CFO and Treasurer | Option | 5,100 | $16.00 |
Source: KNSL SEC Form 4 filings, latest Jun 9, 2026. For informational purposes only — not investment advice.
See the full KNSL insider & 13F page →Kinsale Capital Group, Inc. company profile
Overview
Kinsale Capital Group, Inc. (NYSE:KNSL) is a specialty property and casualty insurance company founded in 2009 and headquartered in Richmond, Virginia. The company went public in July 2016 and has established itself as a leading player in the excess and surplus (E&S) insurance market. Kinsale focuses on providing commercial and personal lines insurance products across all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands through a network of independent insurance brokers. The company has built a reputation for disciplined underwriting, technology-driven operations, and maintaining one of the lowest expense ratios in the industry.
Business
Kinsale Capital operates in the specialty property and casualty insurance industry, specifically focusing on the excess and surplus (E&S) market. The E&S market serves as a crucial segment of the insurance industry that provides coverage for risks that standard insurance companies either cannot or will not insure due to their unique, complex, or higher-risk nature. The company's business is divided into two main segments: 1. Casualty Lines (approximately 67% of premium): This segment includes construction insurance, small business coverage, excess and general casualty, allied health, life sciences, energy, environmental, health care, public entity insurance, commercial auto, and excess casualty. These products protect businesses against liability claims, workplace injuries, and various operational risks that could result in lawsuits or financial losses. 2. Property Lines (approximately 33% of premium): This segment encompasses commercial property insurance, inland marine coverage, and personal lines including high-value homeowners insurance. Property insurance protects physical assets like buildings, equipment, and inventory against perils such as fire, theft, natural disasters, and other covered events. Kinsale also offers professional liability insurance, which includes product liability, professional liability, and management liability coverage. This protects businesses and professionals against claims arising from errors, omissions, or negligent acts in their professional services. The company has been expanding into new areas, including agribusiness insurance and gradually growing its personal lines segment, particularly in high-value homeowners coverage in catastrophe-exposed markets like California.
Revenue model
Kinsale generates revenue primarily through insurance premium collection from policyholders who pay for coverage protection. The company operates on a traditional insurance business model where customers pay premiums upfront for coverage periods (typically one year), and Kinsale assumes the risk of paying claims during that period. The company's customers are primarily commercial businesses and high-net-worth individuals who require specialized insurance coverage that standard insurers won't provide. These include construction companies, small businesses, healthcare providers, energy companies, entertainment venues, and affluent homeowners in high-risk areas. Kinsale reaches these customers through a network of independent insurance brokers who earn commissions on policies sold. Investment income represents a secondary revenue stream, generated from investing the premiums collected (called "float") before claims are paid out. Kinsale has been gradually increasing its equity allocation to approximately 10% of its investment portfolio, with the remainder in fixed-income securities. Several factors influence Kinsale's profitability margins: Positive margin drivers include the company's exceptionally low expense ratio (around 20.5%), which provides a significant competitive advantage. Rate increases above loss cost inflation, conservative underwriting practices, and favorable reserve development from prior accident years also boost margins. The E&S market's specialized nature limits direct competition and supports pricing power. Margin pressures come from increasing competition in certain lines, particularly commercial property and professional liability. Natural catastrophes like wildfires and hurricanes can create significant claims costs. Inflation affects both claim costs and operational expenses, while economic downturns could pressure pricing and increase loss frequencies. The company also faces regulatory changes and evolving tort environments that could impact claim costs over time.
Competitive moat
Kinsale's competitive moat is moderately strong and built on several key pillars. The company's most significant advantage is its exceptionally low expense ratio of approximately 20.5%, compared to industry averages typically in the high 20s to low 30s. This cost advantage stems from heavy investment in technology and automation, with roughly 20% of employees working in IT roles, enabling efficient underwriting and claims processing. The company's specialized expertise in E&S markets creates barriers to entry, as these complex risks require deep underwriting knowledge and relationships with brokers who control customer access. Kinsale's focus on smaller accounts (typically under $25,000 in premium) in this market provides some protection from larger competitors who prefer bigger, more profitable individual accounts. Regulatory barriers also provide some protection, as insurance companies must be licensed in each state and maintain substantial capital reserves. The company's strong balance sheet and conservative reserving practices give it credibility with regulators and brokers. However, the moat faces several challenges. Competition is intensifying across multiple lines, particularly in commercial property where rates have declined 20% recently. The E&S market attracts new entrants during profitable periods, and some competitors are engaging in aggressive pricing that management considers unsustainable. Technology advantages, while currently significant, could be replicated by well-funded competitors over time. The company's moat is strongest in its operational efficiency and broker relationships, but pricing power remains vulnerable to market cycles and competitive pressures. Management's disciplined approach to maintaining underwriting standards, even at the cost of growth, helps preserve long-term competitive positioning.
Risks & safety
Kinsale demonstrates a strong margin of safety with robust financial metrics and conservative management practices. • Solvency and Liquidity: The company maintains minimal debt (debt-to-equity ratio of 0.12), strong cash generation with $953 million in free cash flow for 2024, and substantial cash and short-term investments of $113 million. No meaningful solvency risk exists. • Valuation Metrics: Trading at 26x earnings and 7.3x book value, the stock appears moderately expensive but not extreme given the 29% ROE and consistent profitability. EV/EBITDA of 20.7x reflects the premium valuation for quality insurance operations. • Operational Strength: Combined ratio of 73.4% provides substantial underwriting profit margin, while the 20.5% expense ratio offers significant competitive cushion. Conservative reserving practices and geographic diversification limit catastrophic loss exposure. • Capital Efficiency: Strong cash flow generation, disciplined capital allocation through share buybacks, and maintaining optimal capital levels for growth opportunities. • Other Considerations: Exposure to natural catastrophes (recent $25 million wildfire losses) and market cyclicality in insurance pricing present ongoing risks, though these are well-managed through reinsurance and diversification strategies.
Recent development
Over the past few years, Kinsale has executed several strategic initiatives while maintaining its core focus on disciplined underwriting and operational efficiency. The company has been heavily investing in technology and automation, with approximately 125 out of 600 employees now working in technology roles, representing about 20% of the workforce. This technology focus has enabled the company to maintain its industry-leading low expense ratio while improving customer service and risk assessment capabilities. Product line expansion has been a key growth driver, with the company creating new underwriting divisions including agribusiness and gradually expanding into personal lines insurance, particularly high-value homeowners coverage. The personal lines segment currently represents about 2% of the book but management sees significant growth opportunities, especially in catastrophe-exposed markets like California. The company has been strategically managing its geographic and product mix, maintaining approximately two-thirds casualty and one-third property business. In response to market conditions, Kinsale has been selective about growth, prioritizing profitability over premium volume. This approach was evident in their cautious stance on commercial property during periods of unsustainable competitive pricing. Capital allocation strategy has evolved to include share buyback programs, with a $100 million authorization announced in 2024. The company has also been gradually increasing its equity investment allocation from 8% to 10%, with potential to reach 12%, while maintaining a conservative overall investment approach. Recent developments include managing through significant catastrophic events, including California wildfires that resulted in approximately $25-41 million in losses across different quarters, demonstrating the company's ability to handle volatility while maintaining profitability. Management has also been expanding submission volumes, with new business submissions growing 17-23% in recent quarters, indicating strong market demand for their products.
KNSL company profile · for informational purposes only — not investment advice.
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