Kinsale Capital Group (KNSL) AI Stock Analysis

• Market Cap: $11.10B
• Dividend Yield: 0.13%
• Average Volume (3M): 173.21K
• Price to Earnings (P/E): 27.4
• Beta (1Y): 0.39
• Revenue Growth: 23.14%
• EPS Growth: 14.86%
• Country: US
• Employees: 660
• Sector: Financial
• Sector Strength: 81
• Industry: Insurance - Property & Casualty
• EPS (TTM): 3.71
• Shares Outstanding: 23,311,436
• 10 Day Avg. Volume: 151,826
• 30 Day Avg. Volume: 173,211
• PEG Ratio: -10.82
• Price to Book (P/B): 6.64
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 10.99
• Enterprise Value/Market Cap: 0.94
• Enterprise Value/Revenue: 1.69
• Enterprise Value/Gross Profit: 6.38
• Enterprise Value/Ebitda: 12.00
• 1Y Price Target: $461.43
• Price Target Upside: -0.45% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 8

• Rating: 83 Outperform
• Price Target: $540.00 ▲(16.50%Upside)

Kinsale Capital Group demonstrates strong financial health with robust profitability and effective cash flow management, contributing significantly to its overall score. The technical analysis shows stable trading patterns, while the earnings call provides reassurance of strong operational performance despite some challenges. The valuation score is moderated by a high P/E ratio, but the company's strengths in other areas support a solid overall stock score.

Positive Factors

Competitive Advantage

Kinsale’s focus on smaller accounts enables better pricing and better margin, while its leading technology platform generates efficiency driven cost advantages.

Financial Performance

KNSL's RoE is likely to exceed expectations by ~1 RoE pt, aided by an increasing reinsurance arbitrage, plus a strong reserves position.

Long-term Growth

A compelling 10-20% long-term growth & EPS outlook profile which is nearly 2x P&C peers, due to a material expense advantage & exclusive focus geared to faster-growing E&S marketplace.

Negative Factors

Growth Prospects

Near-term '25 growth likely to underwhelm consensus expectations by 2-3 percentage pts, predicated on meaningful pressures within the large account property sandbox overwhelming moderate pricing-power.

Market Competition

The attractive E&S market has grown increasingly competitive in recent quarters, which has put significant pressure on Kinsale’s top line.

Property Pricing

The negative property pricing dynamic is expected to remain a drag on growth.

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 underwriting of insurance policies within the excess and surplus lines market. The company collects premiums from policyholders in exchange for providing coverage against specific risks. A significant portion of its revenue comes from underwriting profit, which is the difference between the premiums collected and the claims paid, along with associated expenses. Kinsale also earns investment income by investing the premiums received in a diversified portfolio of securities. The company's focus on niche markets allows it to charge higher premiums, reflecting the specialized nature of the risks insured. Additionally, Kinsale has developed strong relationships with independent insurance brokers, which help in effectively distributing its products and expanding its market reach.

Kinsale Capital Group Financial Statement Overview

Summary

Kinsale Capital Group exhibits strong financial performance with impressive revenue growth and profitability. The company maintains a robust gross profit margin, a solid balance sheet with zero debt reliance, and excellent cash flow generation. Despite the lack of reported EBIT and EBITDA margins for 2024, the overall financial health is impressive.

Income Statement

Kinsale Capital Group displayed an impressive revenue growth rate of approximately 29.61% from 2023 to 2024. The company maintains a robust gross profit margin at 100%, given its business model in the insurance industry. Net profit margin improved significantly from 25.17% in 2023 to 26.13% in 2024, reflecting strong profitability. However, EBIT and EBITDA margins are not applicable for 2024, which may indicate a strategic change or reclassification of expenses.

Balance Sheet

The balance sheet is strong, with a debt-to-equity ratio of 0, highlighting no reliance on debt financing. Return on equity increased from 28.36% in 2023 to 27.96% in 2024, indicating efficient use of equity despite a slight decline. The equity ratio stands robust at 30.36% in 2024, suggesting a stable financial position with a healthy proportion of equity financing.

Cash Flow

Kinsale Capital Group's cash flow position is excellent, with a substantial free cash flow growth rate of 11.61% from 2023 to 2024. The operating cash flow to net income ratio is strong at 2.35, underscoring effective cash generation from operations. Additionally, the free cash flow to net income ratio of 2.30 highlights solid cash profitability.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
1.64B	1.59B	1.22B	819.20M	639.78M	459.89M
	Gross Profit
1.64B	1.59B	1.22B	819.20M	639.78M	459.89M
	EBIT
518.87M	524.33M	390.75M	199.85M	188.59M	99.78M
	EBITDA
492.71M	524.85M	397.59M	202.57M	192.10M	102.16M
	Net Income Common Stockholders
405.13M	414.84M	308.09M	159.11M	152.66M	88.42M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
3.86B	3.65B	126.69M	1.96B	1.51B	1.16B
	Total Assets
5.21B	4.89B	3.77B	2.75B	2.03B	1.55B
	Total Debt
0.00	184.12M	183.85M	195.75M	42.70M	42.57M
	Net Debt
42.16M	70.91M	57.15M	39.47M	-78.34M	-34.52M
	Total Liabilities
3.63B	3.40B	2.69B	2.00B	82.06M	970.66M
	Stockholders Equity
1.58B	1.48B	1.09B	745.45M	699.34M	576.24M
Cash Flow		Free Cash Flow
963.15M	952.36M	853.23M	550.91M	401.12M	247.10M
	Operating Cash Flow
995.72M	976.30M	859.84M	557.82M	407.04M	279.97M
	Investing Cash Flow
-948.57M	-960.13M	-860.89M	-708.57M	-351.95M	-379.43M
	Financing Cash Flow
-41.26M	-29.66M	-28.52M	185.99M	-11.14M	76.14M

Kinsale Capital Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 463.51
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• 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 463.51 is below the 20-day moving average (MA) of 465.00, below the 50-day MA of 465.55, and above the 200-day MA of 462.82, indicating a neutral trend. The MACD of 2.88 indicates Negative momentum. The RSI at 49.02 is Neutral, neither overbought nor oversold. The STOCH value of 63.08 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	83 Outperform	$11.10B	27.42	29.42%	0.13%	23.14%	14.86%
THG	79 Outperform	$6.29B	14.59	15.74%	2.00%	3.09%	168.29%
RLI	72 Outperform	$6.97B	24.98	17.99%	0.79%	9.18%	-16.06%
SIGI	71 Outperform	$5.31B	23.84	7.48%	1.70%	13.37%	-35.09%
CNA	70 Outperform	$12.75B	14.36	8.98%	3.82%	6.34%	-28.19%
AFG	66 Neutral	$10.45B	13.14	18.51%	2.48%	3.76%	-9.12%
Sector *	64 Neutral	$12.86B	9.79	7.78%	16985.65%	12.28%	-7.82%

Kinsale Capital Group Corporate Events

Kinsale Capital Group Holds 2025 Annual Stockholders Meeting

Kinsale Capital Group, Inc. held its 2025 annual meeting of stockholders on May 22, 2025, where key decisions were made regarding the company’s governance and incentive plans. Stockholders approved the 2025 Omnibus Incentive Plan and an amendment to the Certificate of Incorporation to update the exculpation provision for certain officers, aligning with recent changes in Delaware law. Additionally, nine directors were elected, executive compensation was approved, and KPMG LLP was ratified as the independent auditor for the fiscal year ending December 31, 2025.

The most recent analyst rating on (KNSL) stock is a Hold with a $420.00 price target. To see the full list of analyst forecasts on Kinsale Capital Group stock, see the KNSL Stock Forecast page.