Welcome to our dedicated page for Kinsale Capital Group news (Ticker: KNSL), a resource for investors and traders seeking the latest updates and insights on Kinsale Capital Group stock.
Kinsale Capital Group, Inc. (symbol: KNSL) is a prominent provider of casualty and property insurance products in the United States. Founded in 2009 and based in Richmond, Virginia, the company has established itself as a significant player in the insurance industry. Kinsale Capital Group operates in a specialized market, focusing on the Excess and Surplus Lines Insurance segment. This segment includes commercial excess and surplus lines liability and property insurance products offered through its various underwriting divisions.
Core Business
Kinsale's commercial lines offerings are extensive and diverse. The company's insurance products cover a wide range of sectors, including construction, small business, energy, excess and general casualty, life sciences, allied health, healthcare, commercial property, environmental, public entity, inland marine, homeowners, and commercial insurance. Additionally, Kinsale provides product, professional, and management liability insurance.
Business Operations
The company markets and sells its insurance products through a network of insurance brokers. This method allows Kinsale to efficiently reach a broad client base while maintaining strong relationships with its brokers. The company's revenue streams are primarily derived from premiums and investment income.
Recent Achievements and Current Projects
Kinsale Capital Group has consistently demonstrated financial stability and growth. The company has been recognized for its innovative approach to underwriting and risk management. Recent projects include expanding its product offerings and entering new markets to better serve its clients. These initiatives have positioned Kinsale as a forward-thinking company poised for continued success.
Partnerships and Collaborations
Kinsale collaborates with various insurance brokers and industry partners to deliver high-quality insurance products. These partnerships are essential for the company's growth and help ensure that Kinsale remains competitive in the ever-evolving insurance landscape.
Kinsale Capital Group's commitment to excellence, innovation, and customer service makes it a noteworthy entity in the insurance sector. Investors and stakeholders can find the latest updates and pertinent information on the company's performance, events, and developments through various news sources and company announcements.
Kinsale Capital Group, Inc. (NYSE: KNSL) has announced that it will release its financial results for Q1 2023 on April 27, 2023, after market close. A conference call is scheduled for April 28, 2023, at 9:00 a.m. ET to discuss the results with analysts and investors. Interested parties can access the call at (888) 660-6493 using conference ID# 3573726 or through the company's website. The call will also be available for replay on the website until May 26, 2023. Kinsale, based in Richmond, Virginia, specializes in the excess and surplus lines insurance market.
Kinsale Capital Group, Inc. (NYSE: KNSL) has announced executive promotions effective March 1, 2023. Amber Sheridan has been elevated to Senior Vice President, Chief Human Resources Officer, after joining in 2015 and holding various roles. Brendan McMorrow is now Senior Vice President, Underwriting, previously serving as Vice President since 2021. Eric Gentry is promoted to Vice President, Underwriting for the Health Care Division, while Chris Tangard becomes Vice President, Finance, transitioning from Director of Internal Audit. This leadership restructuring aims to strengthen Kinsale’s position in the specialty insurance market.
Kinsale Capital Group reported a net income of $67.2 million for Q4 2022, an increase of 39.2% compared to Q4 2021. Full-year net income reached $159.1 million, growing by 4.2% year-over-year. Net operating earnings for Q4 were $60.3 million, a 48.1% rise, while for the year, they were $180.4 million, up 36.2%. Gross written premiums surged 45.0% to $295.5 million in Q4 and 44.2% to $1.1 billion for the year. Underwriting income for Q4 was $59.5 million, with a combined ratio of 72.4%.
Kinsale Capital Group, Inc. (NYSE: KNSL) has declared a cash dividend of $0.14 per share of common stock. This dividend will be payable on March 13, 2023, to all stockholders of record as of February 28, 2023. The company's focus is on the specialty insurance sector, particularly in the excess and surplus lines market. The announcement underscores Kinsale's commitment to returning value to shareholders.
Kinsale Capital Group, Inc. (NYSE: KNSL) will release its fourth quarter 2022 financial results after market close on February 16, 2023. A conference call discussing these results will take place on February 17, 2023, at 9:00 a.m. Eastern Time. Interested participants can access the call by dialing (888) 660-6493, with conference ID# 3573726, or through the company's website at www.kinsalecapitalgroup.com. A replay will be available on the website until March 17, 2023.
Kinsale Capital Group, Inc. (NYSE: KNSL) has acquired real estate adjacent to its Richmond, Virginia headquarters for $76.2 million through a wholly owned subsidiary. The property consists of two office buildings over 580,000 square feet on approximately 29 acres of land, mostly leased long-term. This acquisition aims to provide operational expansion flexibility and investment potential, funded mainly via the company's unsecured revolving credit facility.
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