Strong Financial Metrics
Kinsale's operating earnings per share increased by 24% and gross written premium grew by 8.4% over the third quarter of 2024. The company posted a combined ratio of 74.9% and a 9-month operating return on equity of 25.4%.
Book Value Growth
Book value per share has increased by 25.8% since the year-end 2024.
Investment Income Surge
Net investment income increased by 25.1% in the third quarter over last year, driven by continued growth in the investment portfolio.
Technological Advancements
Kinsale is advancing its tech capabilities with a complete rewrite of their enterprise system and integrating AI for automation in business processes.
Management Changes
Brian Haney was elected to the Board of Directors and will take on a new role as Senior Adviser, while Stuart Winston was promoted to Executive Vice President and Chief Underwriting Officer.