Welcome to our dedicated page for Kinsale Capital news (Ticker: KNSL), a resource for investors and traders seeking the latest updates and insights on Kinsale Capital 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 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.
Kinsale Capital Group announced a cash dividend of $0.13 per share, payable on December 13, 2022, to shareholders on record as of November 30, 2022. The company operates in the specialty insurance sector, specifically focusing on excess and surplus lines. This dividend signals the company's ongoing commitment to returning value to its shareholders, reflecting confidence in its financial position.
Kinsale Capital Group announced the pricing of an underwritten public offering of 155,000 shares of common stock, with an additional 23,250 shares available through the underwriter's option. The offering is expected to close on November 15, 2022, aiming for gross proceeds of approximately $48.4 million for general corporate purposes, including funding organic growth. J.P. Morgan is the acting underwriter, and the offering followed an automatically effective registration statement with the SEC.
Kinsale Capital Group (NYSE: KNSL) announced plans to offer 155,000 shares of common stock in an underwritten public offering under an effective SEC registration statement. The company may grant the underwriter a 30-day option to purchase an additional 23,250 shares. Proceeds from the offering will be used for general corporate purposes, including funding organic growth. J.P. Morgan is the acting underwriter. This press release does not constitute an offer to sell or a solicitation to buy securities.
Kinsale Capital Group reported third-quarter net income of $33 million ($1.43 per diluted share) for 2022, down from $36.6 million ($1.59 per diluted share) in 2021. The drop was primarily due to $20.6 million in after-tax catastrophe losses and a decline in equity investments. However, net operating earnings rose 3.3% to $37.9 million. Gross written premiums increased significantly by 43.8% to $284.1 million, and net investment income surged 71.2% to $13.9 million. The company maintained a combined ratio of 83.6%, despite higher catastrophe activity.
Kinsale Capital Group, Inc. (NYSE: KNSL) will announce its third-quarter financial results on October 27, 2022, after market closure. A conference call will be held on October 28, 2022, at 9:00 a.m. ET to discuss these results with analysts and investors. Participants can access the call via phone at (888) 660-6493 or through Kinsale's website. The results and the replay of the call will be available on their website until November 25, 2022.
Kinsale Capital Group (NYSE: KNSL) has declared a cash dividend of
Kinsale Capital Group (NYSE: KNSL) reported a net income of $27.1 million ($1.17 per diluted share) for Q2 2022, down 24% from Q2 2021's $35.6 million ($1.55 per diluted share). For H1 2022, net income totaled $58.9 million ($2.55 per diluted share), a decline from $67.7 million ($2.94 per diluted share) in H1 2021. Positive highlights include a 42.7% increase in gross written premiums to $277 million and a 51.0% rise in net operating earnings to $44.4 million. The combined ratio improved to 76.8% from 79.2%. The company forecasts continued growth backed by strong underwriting performance.
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