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 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.
Kinsale Capital Group, Inc. (NYSE: KNSL) will release its financial results for Q2 2022 on Thursday, July 28, 2022, after market close. The company will discuss these results in a conference call on Friday, July 29, 2022, at 9:00 a.m. Eastern Time. Investors can access the release on the company's website.
As a specialty insurance group based in Richmond, Virginia, Kinsale focuses on the excess and surplus lines market.
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of 'a' (Excellent) for Kinsale Insurance Company. Additionally, Kinsale Capital Group, Inc.'s Long-Term ICR of 'bbb' (Good) was confirmed, with a stable outlook. The ratings reflect Kinsale's very strong balance sheet strength and strong operating performance, which outperforms industry peers. However, any deterioration in operational metrics could lead to negative rating actions. Kinsale's risk-adjusted capitalization levels remain stable.
Kinsale Capital Group, Inc. (NYSE: KNSL) declared a cash dividend of $0.13 per share, payable on June 13, 2022, to stockholders of record as of May 31, 2022. This decision reflects the company's ongoing commitment to returning value to its shareholders. Headquartered in Richmond, Virginia, Kinsale specializes in the excess and surplus lines market, demonstrating financial resilience and confidence in its ongoing business strategy.
FAQ
What is the current stock price of Kinsale Capital Group (KNSL)?
What is the market cap of Kinsale Capital Group (KNSL)?
What does Kinsale Capital Group, Inc. do?
When was Kinsale Capital Group, Inc. founded?
Where is Kinsale Capital Group, Inc. based?
What types of insurance products does Kinsale offer?
How does Kinsale Capital Group, Inc. generate revenue?
Who sells Kinsale's insurance products?
What is the main business segment of Kinsale Capital Group, Inc.?
Has Kinsale Capital Group, Inc. received any industry recognition?
What recent projects has Kinsale Capital Group, Inc. undertaken?
How does Kinsale Capital Group, Inc. maintain its competitive edge?
