Kinsale Capital Group (KNSL)
NYSE:KNSL
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Kinsale Capital Group
(NYSE:KNSL)
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Rating:78Outperform
Price Target:
$373.00
▲(6.42% Upside)
Action:ReiteratedDate:02/21/26
Score is driven primarily by exceptional financial performance (high margins, strong cash conversion, and low leverage) and a supportive earnings update with increased capital returns, partially offset by weak technical momentum (price below key moving averages with negative MACD and low RSI) and a low dividend yield.
Positive Factors
High underwriting profitability
Consistently low combined ratios and mid-20s operating ROE indicate durable underwriting discipline and an expense advantage. Those metrics support long-term margin sustainability, strong internal capital generation, and the ability to earn attractive returns through normal market cycles.
Negative Factors
Commercial Property exposure and shrinkage
Material shrinkage in large shared/layered commercial property accounts highlights concentration and market-sensitivity risk. Structural capacity shifts and competitive placement dynamics can meaningfully depress written premium and pressure growth for multiple quarters, complicating long-term planning.
Read all positive and negative factors
Positive Factors
Negative Factors
High underwriting profitability
Consistently low combined ratios and mid-20s operating ROE indicate durable underwriting discipline and an expense advantage. Those metrics support long-term margin sustainability, strong internal capital generation, and the ability to earn attractive returns through normal market cycles.
Read all positive factors
Kinsale Capital Group (KNSL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$8.29B
Dividend Yield0.17%
Average Volume (3M)230.49K
Price to Earnings (P/E)18.0
Beta (1Y)0.34
Revenue Growth18.13%
EPS Growth15.69%
CountryUS
Employees660
SectorFinancial
Sector Strength70
IndustryInsurance - Property & Casualty
Share Statistics
EPS (TTM)5.81
Shares Outstanding23,153,067
10 Day Avg. Volume219,751
30 Day Avg. Volume230,485
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 Cap1.01
Enterprise Value/Revenue4.46
Enterprise Value/Gross Profit9.68
Enterprise Value/Ebitda12.83
Forecast
1Y Price Target
$357.86Price Target Upside2.10% Upside
Rating ConsensusHold
Number of Analyst Covering10
EPS Forecast (FY)20.31
Revenue Forecast (FY)$1.71B
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 through (1) underwriting income and (2) net investment income. Underwriting income is generated by collecting insurance premiums for E&S property and casualty policies and then paying out claims, claim-adjustment expe...
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 Earnings Call Summary
Earnings Call Date:Feb 12, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 23, 2026
Earnings Call Sentiment Positive
The call emphasized strong profitability, effective capital returns, meaningful technology/AI adoption, and several robust operating metrics (notably EPS growth, a low combined ratio, high ROE, book value growth, and investment income gains). Those positives were tempered by notable pressure and shrinkage in the large Commercial Property division, industry-wide pricing softness in select lines, increased competition from MGAs and London market participants, and some growth deceleration. On balance, the company conveys confidence in its underwriting discipline, expense advantage, and conservative reserving while acknowledging cyclical headwinds in a specific segment.Positive Updates
Strong EPS and Earnings Growth
Diluted operating earnings per share increased ~26% year-over-year to $5.81 (Q4 2025 vs Q4 2024); net income and net operating earnings rose ~27% and ~25%, respectively, quarter-over-quarter.
Negative Updates
Commercial Property Shrinkage and Competitive Pressure
Commercial Property (large shared/layered accounts) experienced notable premium decline and was cited as the primary headwind to overall growth; November–December saw an influx of capacity from London and MGAs driving deceleration in that segment.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong EPS and Earnings Growth
Diluted operating earnings per share increased ~26% year-over-year to $5.81 (Q4 2025 vs Q4 2024); net income and net operating earnings rose ~27% and ~25%, respectively, quarter-over-quarter.
Read all positive updates
Company Guidance
The company reiterated disciplined underwriting and capital-return plans, including a $250,000,000 buyback expected to be deployed “over the next year or so” and an increased quarterly dividend to $0.25 (from $0.17); management said it targets low‑20s ROEs (full‑year operating ROE was 26%) and reported Q4 diluted operating EPS of $5.81 vs. $4.62 a year earlier, net income/net operating earnings up ~27%/25% Q/Q, a Q4 combined ratio of 71.7% (including ~4 pts of favorable prior‑year development vs. 2.6 pts LY and <1 pt of CAT losses vs. 2.2 pts LY), full‑year expense ratio ~20.8% with the “other underwriting” expense component at 10.5%, book value per share up 33% since year‑end 2024, float up ~23% to ~$3.1B (from ~$2.5B), gross written premium +1.8% in Q4 (net written +7.1%; excluding Commercial Property GWP +10.2% Q and +13.3% for the year), new business submissions +6% (ex‑unsolicited) and +9% ex‑Commercial Property, net investment income +24.9% in Q4 with a 4.4% gross return for the year, new‑money yields ~5% and average fixed‑maturity duration ~4 years, and a June 1 reinsurance renewal (higher retentions) under review as part of ongoing capital/volatility management.Kinsale Capital Group Financial Statement Overview
Summary
Income Statement
92
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
90
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.87B | 1.59B | 1.22B | 838.80M | 653.47M |
| Gross Profit | 983.30M | 680.44M | 510.51M | 287.13M | 255.91M |
| EBITDA | 650.78M | 530.65M | 397.59M | 202.57M | 192.10M |
| Net Income | 503.61M | 414.84M | 308.09M | 159.11M | 152.66M |
Balance Sheet | |||||
| Total Assets | 5.67B | 4.89B | 3.77B | 2.75B | 2.03B |
| Cash, Cash Equivalents and Short-Term Investments | 167.22M | 1.92B | 126.69M | 1.96B | 1.51B |
| Total Debt | 224.40M | 184.12M | 183.85M | 195.75M | 85.39M |
| Total Liabilities | 3.71B | 3.40B | 2.69B | 2.00B | 1.33B |
| Stockholders Equity | 1.96B | 1.48B | 1.09B | 745.45M | 699.34M |
Cash Flow | |||||
| Free Cash Flow | 990.05M | 952.36M | 853.23M | 550.91M | 401.12M |
| Operating Cash Flow | 1.04B | 976.30M | 859.84M | 557.82M | 407.04M |
| Investing Cash Flow | -922.21M | -960.13M | -860.89M | -708.57M | -351.95M |
| Financing Cash Flow | -71.38M | -29.66M | -28.52M | 185.99M | -11.14M |
Kinsale Capital Group Technical Analysis
Neutral
350.51
Price Trends
365.49
Negative
377.26
Negative
410.73
Negative
Market Momentum
-1.82
Negative
53.31
Neutral
65.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KNSL, the sentiment is Neutral. The current price of 350.51 is above the 20-day moving average (MA) of 342.01, below the 50-day MA of 365.49, and below the 200-day MA of 410.73, indicating a neutral trend. The MACD of -1.82 indicates Negative momentum. The RSI at 53.31 is Neutral, neither overbought nor oversold. The STOCH value of 65.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $8.29B | 17.97 | 28.25% | 0.17% | 18.13% | 15.69% | |
78 Outperform | $5.36B | 14.63 | 23.08% | 4.05% | 3.72% | -16.23% | |
77 Outperform | $6.30B | 8.17 | 19.99% | 1.97% | 5.26% | 72.46% | |
74 Outperform | $10.88B | 13.60 | 18.25% | 6.71% | ― | -10.75% | |
69 Neutral | $7.45B | 8.30 | 16.27% | 1.80% | 6.37% | 68.32% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $12.80B | 10.13 | 11.65% | 8.03% | 5.41% | -23.52% |
* Financial Sector Average
KNSL
Kinsale Capital Group
358.00
-124.76
-25.84%
AFG
American Financial Group
130.59
9.63
7.96%
AXS
Axis Capital
100.74
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7.95%
CNA
CNA Financial
47.44
3.37
7.65%
RLI
RLI
58.35
-15.87
-21.38%
THG
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177.15
19.10
12.08%
Kinsale Capital Group Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Kinsale Capital announces board change and governance consolidation
Neutral
Feb 4, 2026
On January 30, 2026, Kinsale Capital Group, Inc. announced that director Frederick L. Russell, Jr. informed the company he will not stand for re-election to the board when his current term ends at the 2026 Annual Meeting of Stockholders, and his d...
Business Operations and Strategy
Kinsale Capital Showcases Growth Strategy at Investor Day
Positive
Jan 8, 2026
On January 8, 2026, Kinsale Capital Group held an Investor Day in Richmond, Virginia, outlining its strategy to deepen its presence in the fragmented ES insurance market through disciplined, individual-risk underwriting, broad risk appetite, and h...
Executive/Board Changes
Kinsale Capital Grants Restricted Stock Award to COO
Positive
Jan 5, 2026
On January 1, 2026, Kinsale Capital Group, Inc.’s Compensation, Nominating and Corporate Governance Committee approved a restricted stock award for President and Chief Operating Officer Brian D. Haney, granting him 460 shares of common stock...
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.