Kinsale Capital Stock Price, News & Analysis

Kinsale Capital Group (NYSE: KNSL) has appointed Mary Jane B. Fortin to its Board of Directors, effective October 1, 2024. This appointment increases Kinsale's total board membership from nine to ten. Fortin brings over 30 years of experience in the financial services industry, having held executive leadership roles at major companies.

Fortin most recently served as President and Chief Commercial Officer of Thrivent Financial, a Fortune 500 company. Prior to that, she was President of Allstate Financial from 2015 to 2020. She has also held leadership roles at AIG and The Hartford. Fortin holds a bachelor's degree in accounting from the University of Connecticut and an MBA from the Wharton School of the University of Pennsylvania. She is also a certified public accountant.

BetterInvesting Magazine's Editorial Advisory and Securities Review Committee has announced Kinsale Capital Group Inc. (NYSE: KNSL) as its 'Stock to Study' and Yum China Holdings Inc. (NYSE: YUMC) as its 'Undervalued Stock' in the December 2024 issue. The committee emphasizes the importance of focusing on long-term investment approaches and stock studies rather than predicting election outcomes and potential legislative changes.

Ken Zendel, CEO of the National Association of Investors / BetterInvesting, stated that factors impacting a company's business are likely to play a more significant role in its future than election-related issues. The magazine encourages investors to learn about stock investing fundamentals and utilize BetterInvesting's online tools to analyze the investment potential of the featured stocks.

Kinsale Capital Group (NYSE: KNSL) has announced a cash dividend of $0.15 per share of common stock. The dividend will be payable on September 12, 2024 to stockholders of record at the close of business on August 29, 2024. This announcement demonstrates Kinsale's commitment to returning value to its shareholders through regular dividend payments. The declaration of dividends is typically seen as a positive sign of a company's financial health and confidence in its future prospects.

Kinsale Capital Group (NYSE: KNSL) reported strong Q2 2024 results, with net income of $92.6 million ($3.97 per diluted share), up from $72.8 million ($3.12 per diluted share) in Q2 2023. Key highlights include:

- Gross written premiums increased by 20.9% to $529.8 million
- Net investment income rose 48.3% to $35.8 million
- Underwriting income was $76.1 million, with a combined ratio of 77.7%
- Annualized operating return on equity was 28.8% for H1 2024

The company's growth was driven by strong submission flow from brokers and a favorable pricing environment. Kinsale's investment portfolio had an annualized gross investment return of 4.3% for H1 2024, with a conservative approach and an average credit quality of "AA-".

Kinsale Capital Group (NYSE: KNSL) announced the release of its financial results for Q2 2024 on July 25, 2024, after market close. The Company will hold a conference call on July 26, 2024, at 9:00 a.m. ET to discuss the results with analysts and investors. Interested parties can access the call via phone or through the Kinsale Capital Group website. A replay of the conference call will be available online until August 23, 2024.

Kinsale Capital Group (NYSE: KNSL) has announced a quarterly cash dividend of $0.15 per share of common stock.

This dividend will be payable on June 13, 2024, to shareholders who are on record by the end of business on May 31, 2024.