Kinsale Capital Group (KNSL) AI Stock Analysis

• Market Cap: $9.10B
• Dividend Yield: 0.17%
• Average Volume (3M): 248.85K
• Price to Earnings (P/E): 18.1
• Beta (1Y): 0.28
• Revenue Growth: 18.13%
• EPS Growth: 15.69%
• Country: US
• Employees: 660
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Property & Casualty
• EPS (TTM): 5.81
• Shares Outstanding: 23,153,067
• 10 Day Avg. Volume: 266,282
• 30 Day Avg. Volume: 248,850
• PEG Ratio: 0.84
• Price to Book (P/B): 4.62
• Price to Sales (P/S): 4.83
• P/FCF Ratio: 9.14
• Enterprise Value/Market Cap: 0.99
• Enterprise Value/Revenue: 4.83
• Enterprise Value/Gross Profit: 10.48
• Enterprise Value/Ebitda: 13.90
• 1Y Price Target: $404.71
• Price Target Upside: 2.98% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 10
• EPS Forecast (FY): 20.29
• Revenue Forecast (FY): $1.76B

• Rating: 78 Outperform
• Price Target: $426.00 ▲(8.40% Upside)
• Action: Reiterated Date: 02/21/26
• Date: Action: Reiterated 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

Underwriting Profitability

Sustained low combined ratio and high operating ROE indicate disciplined underwriting, pricing power, and expense control. These fundamentals drive durable underwriting margins, support retained earnings growth, and allow consistent capital returns and reinvestment even through underwriting cycles.

Conservative Balance Sheet

Material deleveraging and a conservative capital structure increase balance-sheet resilience to underwriting losses or CAT events. Low leverage supports rating agency comfort, preserves capacity to write volatile E&S risk, and provides flexibility for buybacks and dividend increases.

High-Quality Cash Generation

Consistent FCF conversion alongside rising investment income underpins self-funded growth and capital returns. Reliable float monetization and expanding NII improve long-term earnings stability and reduce reliance on external financing for underwriting or buybacks.

Negative Factors

Commercial Property Shrinkage

Contraction in large commercial property, driven by incoming capacity, reduces a high-margin growth channel and forces reallocation of underwriting appetite. Prolonged shrinkage can slow top-line expansion and require strategic adjustments to maintain diversified premium growth.

Pricing Pressure / Competition

Sustained rate softening and increased MGA/London competition compress future underwriting margins and make disciplined risk selection harder. If pricing weakness persists across multiple lines, growth and profitability could be structurally challenged despite expense advantages.

Reserve & Claims Variability

Reliance on reserve releases to boost current results signals potential earnings volatility. Persistent litigation and social inflation risks increase reserve uncertainty, which can reverse and materially affect capital, solvency margins, and the company's ability to sustain buybacks or dividends.

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, commercial property, allied health, life sciences, energy, environmental, health care, inland marine, public entity, and commercial insurance, as well as product, professional, and management liability insurance. It markets and sells its insurance products in all 50 states, the District of Columbia, the Commonwealth of Puerto Rico, and the U.S. Virgin Islands primarily through a network of independent insurance brokers. The company was founded in 2009 and is headquartered in Richmond, Virginia.

How the Company Makes Money

Kinsale Capital Group generates revenue primarily through the premiums collected from its insurance policies. The company operates in the excess and surplus lines market, where it offers customized insurance products that often come with higher premiums due to the unique risks involved. Key revenue streams include underwriting profits from these policies and investment income from managing the reserves set aside for future claims. Additionally, Kinsale's focus on niche markets allows it to maintain higher margins compared to traditional insurers. Significant partnerships with brokers and agents also contribute to its earnings, enabling the company to reach a broader client base and enhance its market presence.

Kinsale Capital Group Financial Statement Overview

Summary

Very strong fundamentals: expanding profitability (net margins up to ~27% by 2025), strong operating margins, conservative leverage (debt-to-equity ~0.11 by 2025), and high-quality cash generation with free cash flow closely tracking net income. Main risks are year-to-year revenue growth volatility and slightly softer ROE most recently.

Income Statement

Kinsale shows exceptional profitability and improving operating efficiency, with net margins rising from ~19% (2022) to ~27% (2025) and operating margins expanding to the mid-30% range by 2025. Revenue growth has been consistently strong over the cycle (2020–2023), moderated in 2024, then re-accelerated sharply in 2025. The main weakness is the noticeable volatility in growth rates year-to-year, which can signal a more variable underwriting/pricing environment.

Balance Sheet

The balance sheet is conservatively levered, with debt-to-equity staying low and improving to ~0.11 by 2025 (down from ~0.26 in 2022). Equity has grown materially alongside asset growth, supporting balance-sheet resilience. Returns on equity are consistently strong (roughly low-to-high 20%s), though they eased modestly in 2025 versus the prior two years, suggesting profitability is high but not steadily rising every year.

Cash Flow

Cash generation is very strong and high-quality, with free cash flow closely tracking net income (roughly ~0.88–0.99x across years) and free cash flow expanding substantially from 2020 through 2025. Operating cash flow and free cash flow both scale meaningfully with earnings, supporting reinvestment and capital flexibility. A key limitation is that the provided operating cash flow coverage values are mostly unavailable/zero in the dataset, reducing visibility into debt-servicing cushion from operations.

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

• Technical Analysis Sentiment: Negative
• Last Price: 392.99
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 392.99 is above the 20-day moving average (MA) of 388.53, below the 50-day MA of 393.46, and below the 200-day MA of 428.12, indicating a bearish trend. The MACD of -2.31 indicates Negative momentum. The RSI at 47.28 is Neutral, neither overbought nor oversold. The STOCH value of 77.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KNSL.

Kinsale Capital Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNSL	78 Outperform	$9.10B	18.15	29.25%	0.17%	18.13%	15.69%
RLI	78 Outperform	$5.82B	14.63	24.44%	4.05%	3.72%	-16.23%
THG	77 Outperform	$6.30B	9.87	20.60%	1.97%	5.26%	72.46%
AFG	74 Outperform	$10.99B	9.58	18.13%	6.71%	―	-10.75%
CNA	71 Outperform	$13.38B	10.13	9.03%	8.03%	5.41%	-23.52%
AXS	69 Neutral	$7.68B	8.30	16.21%	1.80%	6.37%	68.32%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Kinsale Capital Group Corporate Events

Kinsale Capital announces board change and governance consolidation

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 decision was not related to any disagreement over the company’s operations, policies or practices. Following his departure, the board plans to reduce its size from 10 to 9 directors effective as of the 2026 Annual Meeting, signaling a modest consolidation of its governance structure without indicating any underlying dispute or strategic rift.

The most recent analyst rating on (KNSL) stock is a Buy with a $500.00 price target. To see the full list of analyst forecasts on Kinsale Capital Group stock, see the KNSL Stock Forecast page.

Kinsale Capital Showcases Growth Strategy at Investor Day

On January 8, 2026, Kinsale Capital Group held an Investor Day in Richmond, Virginia, outlining its strategy to deepen its presence in the fragmented E&S insurance market through disciplined, individual-risk underwriting, broad risk appetite, and high-touch service. Management highlighted continued product expansion, including new offerings rolled out in 2025 and planned appetite and product extensions in areas such as homeowners, where E&S premiums grew 43% year over year in 2024, as well as targeted efficiency gains and specialization to support further growth in 2026. The company stressed service as a key competitive advantage, citing rapid quote turnaround, AI-driven submission routing, and a tightly managed wholesale distribution network that has driven double-digit growth in submissions, quotes, and binds, complemented by structured broker engagement and targeted reactivation of idle offices. Kinsale also showcased its claims and technology capabilities, including a specialized, non-delegated claims organization supported by proprietary platforms, advanced analytics, and selective use of artificial intelligence, with roughly 63% of its target-state technology delivery completed, reinforcing its position as a quantitative, data-centric insurer aiming to translate end-to-end data capture into underwriting precision and sustained profitability.

The most recent analyst rating on (KNSL) stock is a Buy with a $500.00 price target. To see the full list of analyst forecasts on Kinsale Capital Group stock, see the KNSL Stock Forecast page.

Kinsale Capital Grants Restricted Stock Award to COO

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 that will vest after one year, contingent on continued service. The equity grant underscores the company’s use of stock-based compensation to retain and incentivize key executives, aligning management’s interests with shareholders through longer-term ownership incentives.

The most recent analyst rating on (KNSL) stock is a Buy with a $500.00 price target. To see the full list of analyst forecasts on Kinsale Capital Group stock, see the KNSL Stock Forecast page.

Kinsale Capital Announces Share Repurchase Program

On December 11, 2025, Kinsale Capital Group, Inc. announced amendments to its Note Purchase and Private Shelf Agreement and its Credit Agreement, allowing for more flexibility in making Restricted Payments, provided no default events occur. Additionally, the company authorized a new $250 million share repurchase program, reflecting confidence in its strategic direction and operational execution, aiming to return excess capital to stockholders.

The most recent analyst rating on (KNSL) stock is a Hold with a $415.00 price target. To see the full list of analyst forecasts on Kinsale Capital Group stock, see the KNSL Stock Forecast page.