Want to see KNSL full AI Analyst Report?
Top Page
Kinsale Capital Group
(NYSE:KNSL)
Select Model
Select Model
Rating:79Outperform
Price Target:
$380.00
â–²(8.85% Upside)
Action:Reiterated
Date:07/24/26
KNSL scores well primarily on strong financial quality (high profitability, low leverage, strong cash conversion) and a reasonable P/E valuation, supported by an earnings-call emphasis on underwriting discipline and capital returns (expanded buybacks). The score is held back by mixed technicals (below longer-term trend levels) and business-cycle risks highlighted in the call/KPIs, including pricing softness, written premium declines, and reliance on favorable reserve development that could normalize.
Positive Factors
Strong profitability and underwriting performance
High profitability and disciplined underwriting provide a durable earnings foundation. The combination of strong margins, a low combined ratio and returns well above management’s 20%+ ROE objective supports resilience across the insurance cycle.
Negative Factors
Premium contraction and commercial property weakness
Persistent weakness in commercial property could restrain premium growth and reduce operating leverage. Shrinking volumes in a major segment may also make it harder to sustain earnings growth if other product lines cannot fully offset the contraction.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability and underwriting performance
High profitability and disciplined underwriting provide a durable earnings foundation. The combination of strong margins, a low combined ratio and returns well above management’s 20%+ ROE objective supports resilience across the insurance cycle.
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
$8.49B
Dividend Yield0.22%
Average Volume (3M)339.23K
Price to Earnings (P/E)15.3
Beta (1Y)0.43
Revenue Growth15.82%
EPS Growth28.42%
CountryUS
Employees716
SectorFinancial
Sector Strength70
IndustryInsurance - Property & Casualty
Share Statistics
EPS (TTM)24.76
Shares Outstanding22,778,425
10 Day Avg. Volume337,908
30 Day Avg. Volume339,231
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$376.29Price Target Upside7.79% Upside
Rating ConsensusHold
Number of Analyst Covering8
EPS Forecast (FY)21.17
Revenue Forecast (FY)$1.63B
Kinsale Capital Group Business Overview & Revenue Model
Company Description
Kinsale Capital Group, Inc. engages in the provision of property and casualty insurance products in the United States. The company’s commercial lines offerings include commercial property, excess casualty, general casualty, small business casualty...
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:Jul 23, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 22, 2026
Earnings Call Sentiment Positive
Overall the call emphasized strong profitability, underwriting discipline, investment income growth, and active capital deployment (expanded buybacks), while acknowledging notable top-line pressure driven by a soft commercial property market and broader pricing weakness. Management presented multiple offsetting actions — product/distribution expansion, analytics/AI-driven underwriting, conservative reserving, and buybacks — that support confidence in earnings and capital returns despite near-term growth headwinds.Positive Updates
Diluted Operating EPS Growth
Diluted operating earnings per share increased 15.9% year over year to $5.54 in Q2 2026 (from $4.78 in Q2 2025), reflecting improved profitability.
Negative Updates
Gross Written Premium Decline
Gross written premium was down 5% year over year and net written premium declined 1.4%, primarily driven by steep competition and shrinking volumes in the commercial property (large layered accounts) division.
Read all updates
Q2-2026 Updates
Positive
Negative
Diluted Operating EPS Growth
Diluted operating earnings per share increased 15.9% year over year to $5.54 in Q2 2026 (from $4.78 in Q2 2025), reflecting improved profitability.
Read all positive updates
Company Guidance
Management reiterated a profitability-first outlook, guiding that they manage to a 20%+ ROE (Q2 annualized operating ROE 24.4%) and will prioritize underwriting returns over growth; key Q2 metrics they cited as a baseline going forward include a 75.5% combined ratio (including 4.5 pts of favorable prior-year development and 1.3 pts of CAT), diluted operating EPS $5.54 (up 15.9% YoY), net income and net operating earnings +31.1% and +13.3% QoQ, an overall expense ratio of 21.7% (other underwriting expense 10.3%), gross written premium down 5% (net written down 1.4%, net earned premium up 8.9%), float of $3.4B (vs $3.1B YE25), H1 annualized gross investment return 4.5% with new-money yields ~5.25% and duration ~4.5 years, new business submissions +6% in Q2 (+8% excl. commercial property), average premium ~$12k with most growth <$25k, Amwins Pricing Index down 5.9% in Q2, 9 new product enhancements launched (5 imminent, 10 in pipeline), 24 wholesale and 176 retail broker appointments, and an expanded buyback authorization of $250M bringing total to $337M.Kinsale Capital Group Financial Statement Overview
Summary
Income Statement
87
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.00B | 1.87B | 1.59B | 1.22B | 838.80M | 653.47M |
| Gross Profit | 999.07M | 983.30M | 680.44M | 510.51M | 287.13M | 255.91M |
| EBITDA | 731.04M | 650.78M | 530.65M | 397.59M | 202.57M | 192.10M |
| Net Income | 568.69M | 503.61M | 414.84M | 308.09M | 159.11M | 152.66M |
Balance Sheet | ||||||
| Total Assets | 6.43B | 6.04B | 4.89B | 3.77B | 2.75B | 2.03B |
| Cash, Cash Equivalents and Short-Term Investments | 210.51M | 2.68B | 3.65B | 2.84B | 1.96B | 1.51B |
| Total Debt | 224.53M | 224.40M | 184.12M | 183.85M | 195.75M | 85.39M |
| Total Liabilities | 4.39B | 4.08B | 3.40B | 2.69B | 2.00B | 1.33B |
| Stockholders Equity | 2.04B | 1.96B | 1.48B | 1.09B | 745.45M | 699.34M |
Cash Flow | ||||||
| Free Cash Flow | 1.00B | 990.05M | 952.36M | 853.23M | 550.91M | 401.12M |
| Operating Cash Flow | 1.04B | 1.04B | 976.30M | 859.84M | 557.82M | 407.04M |
| Investing Cash Flow | -745.46M | -922.21M | -960.13M | -860.89M | -708.57M | -351.95M |
| Financing Cash Flow | -217.77M | -71.38M | -29.66M | -28.52M | 185.99M | -11.14M |
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 |
|---|---|---|---|---|---|---|---|
83 Outperform | $5.90B | 13.51 | 24.37% | 4.08% | 10.29% | 35.39% | |
80 Outperform | $12.07B | 12.55 | 20.01% | 4.88% | -1.43% | 25.53% | |
79 Outperform | $8.49B | 15.32 | 29.06% | 0.24% | 15.82% | 28.42% | |
76 Outperform | $7.74B | 10.31 | 21.22% | 1.72% | 5.57% | 38.39% | |
75 Outperform | $7.35B | 6.17 | 19.21% | 1.51% | 9.43% | 35.23% | |
74 Outperform | $13.62B | 10.93 | 11.99% | 7.23% | 3.41% | 41.13% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
KNSL
Kinsale Capital Group
379.42
-78.58
-17.16%
AFG
American Financial Group
143.29
16.95
13.42%
AXS
Axis Capital
98.55
1.27
1.31%
CNA
CNA Financial
49.84
4.38
9.62%
RLI
RLI
64.31
1.33
2.11%
THG
Hanover Insurance
218.91
48.33
28.33%
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...
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.