Kinsale Capital Group (KNSL) AI Stock Analysis

• Market Cap: $9.22B
• Dividend Yield: 0.17%
• Average Volume (3M): 236.77K
• Price to Earnings (P/E): 19.5
• Beta (1Y): 0.24
• Revenue Growth: 18.13%
• EPS Growth: 15.69%
• Country: US
• Employees: 660
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Property & Casualty
• EPS (TTM): 5.21
• Shares Outstanding: 23,263,426
• 10 Day Avg. Volume: 221,772
• 30 Day Avg. Volume: 236,768
• PEG Ratio: 0.76
• Price to Book (P/B): 7.26
• Price to Sales (P/S): 6.78
• P/FCF Ratio: 11.31
• Enterprise Value/Market Cap: 1.10
• Enterprise Value/Revenue: 5.60
• Enterprise Value/Gross Profit: 13.00
• Enterprise Value/Ebitda: 16.59
• 1Y Price Target: $463.50
• Price Target Upside: 16.02% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 12
• EPS Forecast (FY): 20.46
• Revenue Forecast (FY): $1.79B

• Rating: 75 Outperform
• Price Target: $448.00 ▲(12.14% Upside)

The score is driven primarily by strong financial performance and a favorable earnings update (high profitability, low leverage, strong underwriting metrics and book value growth). Valuation is reasonable but the dividend is negligible, while technicals are only moderately supportive given weaker longer-term trend positioning.

Positive Factors

High Profitability & Margins

Sustained high gross and net margins reflect disciplined underwriting and pricing power in the E&S market. Durable margin strength supports internal capital accumulation, reinvestment in growth initiatives, and resilience through loss cycles, underpinning long-term return generation.

Low Leverage & Strong ROE

A very low debt load alongside a high ROE gives the company financial flexibility to underwrite cyclicality, invest in technology, and pursue share repurchases. This balance-sheet strength reduces solvency risk and supports durable capital returns and strategic optionality.

Tech & Data-Driven Underwriting

Ongoing enterprise rewrite and AI integration are structural investments that should improve risk selection, speed quote-to-bind cycles, and lower operating cost per policy. Over months, this can deepen the competitive moat and sustain superior underwriting economics.

Negative Factors

Commercial Property Premium Declines

Declining commercial property premiums indicate a persistent product-line headwind that can constrain overall top-line growth and diversification. If sustained, weak demand or competitive pressure in this segment will require repositioning or new product appetite to restore durable premium expansion.

Rising Expense Ratio

An elevated expense ratio reduces underwriting margin and operational leverage. Structural moves increasing retention or lowering ceding commissions may persistently raise costs per policy, eroding the company’s low-cost underwriting model unless offset by efficiency gains or pricing actions.

Slowing Submission Growth

A deceleration in submissions is a leading indicator of future new business and premium growth. Sustained slower origination constrains scaling of underwriting profits and limits the payoff from technology investments unless distribution activation and product appetite expansion reverse the trend.

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

Kinsale Capital Group exhibits strong financial performance with impressive revenue growth and robust profitability. The balance sheet is solid with zero debt reliance, and cash flow generation is notably strong. However, the absence of EBIT and EBITDA figures for 2024 suggests some strategic changes.

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	1.80B	1.59B	1.22B	838.80M	653.47M	459.89M
Gross Profit	776.61M	680.44M	510.51M	287.13M	255.91M	142.31M
EBITDA	608.35M	530.65M	397.59M	202.57M	192.10M	102.16M
Net Income	474.09M	414.84M	308.09M	159.11M	152.66M	88.42M
Balance Sheet
Total Assets	5.83B	4.89B	3.77B	2.75B	2.03B	1.55B
Cash, Cash Equivalents and Short-Term Investments	2.35B	1.92B	126.69M	1.96B	1.51B	1.16B
Total Debt	199.33M	184.12M	183.85M	195.75M	85.39M	42.57M
Total Liabilities	3.97B	3.40B	2.69B	2.00B	1.33B	970.66M
Stockholders Equity	1.87B	1.48B	1.09B	745.45M	699.34M	576.24M
Cash Flow
Free Cash Flow	961.45M	952.36M	853.23M	550.91M	401.12M	247.10M
Operating Cash Flow	1.02B	976.30M	859.84M	557.82M	407.04M	279.97M
Investing Cash Flow	-900.88M	-960.13M	-860.89M	-708.57M	-351.95M	-379.43M
Financing Cash Flow	-55.97M	-29.66M	-28.52M	185.99M	-11.14M	76.14M

Kinsale Capital Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 399.49
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KNSL, the sentiment is Positive. The current price of 399.49 is above the 20-day moving average (MA) of 395.30, above the 50-day MA of 387.99, and below the 200-day MA of 439.63, indicating a neutral trend. The MACD of 1.58 indicates Positive momentum. The RSI at 53.61 is Neutral, neither overbought nor oversold. The STOCH value of 38.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KNSL.

Kinsale Capital Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RLI	83 Outperform	$5.46B	15.57	19.49%	4.05%	3.72%	-16.23%
CNA	79 Outperform	$12.50B	12.62	9.03%	8.03%	5.41%	-23.52%
THG	77 Outperform	$6.07B	9.86	20.02%	1.97%	5.26%	72.46%
KNSL	75 Outperform	$9.22B	19.47	28.73%	0.17%	18.13%	15.69%
AXS	70 Neutral	$7.72B	8.17	16.27%	1.80%	6.37%	68.32%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
AFG	67 Neutral	$11.00B	13.83	16.91%	6.71%	―	-10.75%

Kinsale Capital Group Corporate Events

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.

Kinsale Capital Announces Board and Executive Changes

On October 23, 2025, Kinsale Capital Group announced the election of Brian D. Haney to its Board of Directors, effective immediately, following his notification of retirement as President and Chief Operating Officer effective March 2, 2026. In conjunction with this transition, Michael P. Kehoe will assume the additional title of President, and Stuart P. Winston has been promoted to Executive Vice President, Chief Underwriting Officer. These changes are expected to maintain continuity and support the company’s growth and investor relations strategies.

The most recent analyst rating on (KNSL) stock is a Hold with a $490.00 price target. To see the full list of analyst forecasts on Kinsale Capital Group stock, see the KNSL Stock Forecast page.