Kinsale Capital authorizes new $250M share repurchase program

Kinsale Capital (KNSL) Group announced that its Board of Directors authorized a share repurchase program of up to $250M of the company’s outstanding common stock. The new authorization follows the completion of the company’s previously announced $100M share repurchase program. “Today’s announcement reflects our confidence in Kinsale’s future and the value we see in our stock,” said Chairman and Chief Executive Officer, Michael P. Kehoe. “We believe our strategic direction, business model and operational execution provide enduring competitive advantages that will continue to result in strong operating performance and consistent operating cash flows. We remain committed to disciplined capital allocation and maintaining a strong balance sheet while generating best-in-class returns, including returning excess capital to stockholders.”