Kinsale Capital Group (KNSL)
NYSE:KNSL
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Kinsale Capital Group
(NYSE:KNSL)
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Rating:78Outperform
Price Target:
$355.00
â–¼(-1.60% Downside)
Action:Reiterated
Date:05/22/26
The score is driven primarily by outstanding financial performance (profitability, low leverage, and strong cash generation) and a solid, confident earnings update despite pricing and growth pressure in Commercial Property. This is tempered by weak technical momentum (below key moving averages with negative MACD) and a valuation that looks reasonable but offers minimal dividend support.
Positive Factors
Cash Generation
Sustained, high operating cash flow and sharply higher free cash flow (+239% TTM) give Kinsale durable financial flexibility. Strong cash conversion supports reserve funding, reinsurance buying power, technology investment, and capital returns without relying on external financing during underwriting cycles.
Negative Factors
Market Pricing Softness
Persistent market-wide rate declines reduce earned premium growth and compress future underwriting margins absent offsetting loss improvement. Over months, continued soft pricing can erode average premiums and force tougher risk selection or higher reliance on investment income to meet return targets.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation
Sustained, high operating cash flow and sharply higher free cash flow (+239% TTM) give Kinsale durable financial flexibility. Strong cash conversion supports reserve funding, reinsurance buying power, technology investment, and capital returns without relying on external financing during underwriting cycles.
Read all positive factors
Kinsale Capital Group Key Performance Indicators (KPIs)
Any
Revenue Breakdown
Analyzes different sources of income, highlighting which segments drive growth and how diversified the company's revenue streams are.
Analyzes different sources of income, highlighting which segments drive growth and how diversified the company's revenue streams are.
Data provided by:
The Fly
The FlyKinsale Capital Group (KNSL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.19B
Dividend Yield0.17%
Average Volume (3M)317.02K
Price to Earnings (P/E)17.4
Beta (1Y)0.43
Revenue Growth17.08%
EPS Growth30.47%
CountryUS
Employees660
SectorFinancial
Sector Strength70
IndustryInsurance - Property & Casualty
Share Statistics
EPS (TTM)22.82
Shares Outstanding23,062,819
10 Day Avg. Volume342,012
30 Day Avg. Volume317,023
Financial Highlights & Ratios
PEG Ratio0.84
Price to Book (P/B)4.62
Price to Sales (P/S)4.83
P/FCF Ratio9.14
Enterprise Value/Market Cap1.00
Enterprise Value/Revenue3.75
Enterprise Value/Gross Profit8.05
Enterprise Value/Ebitda10.60
Forecast
1Y Price Target
$348.38Price Target Upside-3.44% Downside
Rating ConsensusHold
Number of Analyst Covering9
EPS Forecast (FY)20.69
Revenue Forecast (FY)$1.65B
Kinsale Capital Group Business Overview & Revenue Model
Company Description
Kinsale Capital Group, Inc., a specialty insurance company, provides property and casualty insurance products in the United States. The company's commercial lines offerings include construction, small business, excess and general casualty, commerc...
How the Company Makes Money
Kinsale makes money primarily by underwriting E&S property and casualty insurance policies and earning returns on the capital (premiums and surplus) it invests. Its core revenue and earnings drivers are: (1) Underwriting income: The company collec...
Kinsale Capital Group Earnings Call Summary
Earnings Call Date:Apr 23, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Positive
The call conveyed strong profitability and clear operational advantages: sizable EPS growth (+37.7%), a healthy combined ratio (77.4%), robust investment income (+26.5%), and meaningful new-business momentum (submissions +6%, quotes +8%, binds +9%). These positives were tempered by modest top-line pressure in gross written premium (-0.5%), pronounced weakness in the large Commercial Property segment, average policy premium decline (~14%), and continued market-wide rate softness (Amwins index -3.33%). Management emphasized discipline, technology-driven cost advantages, and a preference for profitability over volume. Overall, the financial and operational highlights outweigh the headwinds described, reflecting a confident but cautious tone.Positive Updates
Strong Earnings and EPS Growth
Diluted operating earnings per share increased 37.7% year-over-year (Q1 2026 vs Q1 2025) to $5.11, driving an annualized operating return on equity of 24%.
Negative Updates
Slight Decline in Gross Written Premium
Gross written premium declined 0.5% for the quarter, driven primarily by weakness in the large Commercial Property division where competition and falling rates pressured top-line growth.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Earnings and EPS Growth
Diluted operating earnings per share increased 37.7% year-over-year (Q1 2026 vs Q1 2025) to $5.11, driving an annualized operating return on equity of 24%.
Read all positive updates
Company Guidance
Management reiterated confidence in the model and a continued focus on profitability (targeting low‑20s ROE) while pursuing selective growth: Q1 showed diluted operating EPS up 37.7% to $5.11 (vs $3.71), an annualized operating ROE of 24%, a combined ratio of 77.4% (including 4.5 pts favorable prior‑year development and <1 pt of CAT vs 6 pts in Q1‑25), gross written premium down 0.5% while net written premium grew 5.6% (ex‑Commercial Property GWP +6%), average policy premium $12,200 (down from $14,200), new business submissions +6% (ex‑Commercial Property submissions +9%), quotes +8% and bind orders +9%; expense ratio was 21.1% (other underwriting expense 10.3%), net investment income rose 26.5%, float grew to $3.3B from $3.1B, annual gross investment return was 4.5% (new money yields ~5%, duration slightly above 4 years), and management said it will retain underwriting discipline, expand tech/AI advantages, and evaluate reinsurance retentions at the 6/1 renewal without committing to treaty changes today.Kinsale Capital Group Financial Statement Overview
Summary
Income Statement
92
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
93
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.92B | 1.87B | 1.59B | 1.22B | 838.80M | 653.47M |
| Gross Profit | 894.20M | 983.30M | 680.44M | 510.51M | 287.13M | 255.91M |
| EBITDA | 678.76M | 650.78M | 530.65M | 397.59M | 202.57M | 192.10M |
| Net Income | 526.94M | 503.61M | 414.84M | 308.09M | 159.11M | 152.66M |
Balance Sheet | ||||||
| Total Assets | 6.22B | 6.04B | 4.89B | 3.77B | 2.75B | 2.03B |
| Cash, Cash Equivalents and Short-Term Investments | 2.79B | 2.68B | 3.65B | 2.84B | 1.96B | 1.51B |
| Total Debt | 224.47M | 224.40M | 184.12M | 183.85M | 195.75M | 85.39M |
| Total Liabilities | 4.25B | 4.08B | 3.40B | 2.69B | 2.00B | 1.33B |
| Stockholders Equity | 1.97B | 1.96B | 1.48B | 1.09B | 745.45M | 699.34M |
Cash Flow | ||||||
| Free Cash Flow | 1.01B | 990.05M | 952.36M | 853.23M | 550.91M | 401.12M |
| Operating Cash Flow | 1.06B | 1.04B | 976.30M | 859.84M | 557.82M | 407.04M |
| Investing Cash Flow | -855.68M | -922.21M | -960.13M | -860.89M | -708.57M | -351.95M |
| Financing Cash Flow | -125.91M | -71.38M | -29.66M | -28.52M | 185.99M | -11.14M |
Kinsale Capital Group Technical Analysis
Negative
360.78
Price Trends
333.77
Negative
362.10
Negative
391.46
Negative
Market Momentum
-8.05
Negative
43.29
Neutral
50.18
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KNSL, the sentiment is Negative. The current price of 360.78 is above the 20-day moving average (MA) of 313.77, above the 50-day MA of 333.77, and below the 200-day MA of 391.46, indicating a bearish trend. The MACD of -8.05 indicates Negative momentum. The RSI at 43.29 is Neutral, neither overbought nor oversold. The STOCH value of 50.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KNSL.
Kinsale Capital Group Risk Analysis
Kinsale Capital Group disclosed 31 risk factors in its most recent earnings report. Kinsale Capital Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Kinsale Capital Group Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | $6.81B | 8.24 | 20.92% | 1.97% | 6.41% | 66.30% | |
78 Outperform | $7.19B | 17.44 | 28.05% | 0.17% | 17.08% | 30.47% | |
76 Outperform | $11.38B | 13.92 | 18.76% | 6.71% | -1.65% | 10.67% | |
73 Outperform | $4.84B | 23.95 | 22.00% | 4.05% | 9.01% | 40.14% | |
68 Neutral | $7.41B | 7.37 | 16.93% | 1.80% | 9.07% | 33.25% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $12.02B | 9.61 | 11.94% | 8.03% | 4.05% | 35.90% |
* Financial Sector Average
KNSL
Kinsale Capital Group
312.03
-140.28
-31.01%
AFG
American Financial Group
137.24
21.97
19.06%
AXS
Axis Capital
100.70
2.69
2.74%
CNA
CNA Financial
44.33
0.91
2.10%
RLI
RLI
53.01
-18.07
-25.43%
THG
Hanover Insurance
195.58
32.03
19.59%
Kinsale Capital Group Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Kinsale Capital Shareholders Back Board, Pay and Auditor
Positive
May 21, 2026
On May 21, 2026, Kinsale Capital Group, Inc. held its 2026 annual meeting of stockholders, at which shareholders elected nine directors to serve until the next annual meeting or until their successors are duly chosen, with each nominee receiving s...
Executive/Board Changes
Kinsale Capital Announces CIO Retirement and Leadership Transition
Neutral
May 5, 2026
Kinsale Capital Group, Inc. announced that Diane Schnupp retired from her role as Executive Vice President and Chief Information Officer on April 29, 2026, and entered into a retirement and severance agreement with the company on the same date. Un...
Business Operations and StrategyExecutive/Board Changes
Kinsale Capital Realigns Technology Leadership After CIO Retirement
Positive
Apr 29, 2026
On April 29, 2026, Kinsale Capital Group realigned its analytics and technology functions under a single leader, promoting Salmaan K. Allibhai to Executive Vice President, Chief Analytics and Technology Officer to oversee the company’s data ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.