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 reported a net income of $31.8 million for Q1 2022, slightly down by 0.9% from Q1 2021. However, net operating earnings surged to $37.7 million, marking a 47.6% increase year-over-year. Gross written premiums rose 45.4% to $245.5 million. The combined ratio improved to 79.0%, reflecting effective underwriting practices. Despite positive trends in premium growth and investment income up by 30.9%, a decline in the fair value of equity investments hampered overall net income.
Kinsale Capital Group, Inc. (NYSE: KNSL) announced its upcoming financial results for the first quarter of 2022, set to be released after market hours on April 28, 2022. A conference call will follow on April 29, 2022, at 9:00 a.m. Eastern Time, for analysts and investors to discuss the results. Interested parties can access the conference via phone or the company's website. Details for the call and a replay until May 27, 2022 will be available online.
Kinsale Capital Group, Inc. (NYSE: KNSL) announced the promotion of Stuart P. Winston to Senior Vice President, Underwriting, effective March 1, 2022. He will oversee the Casualty area, which includes Construction, Excess Casualty, General Casualty, and Small Business divisions. Winston has been with Kinsale since 2010, previously serving as Vice President, Underwriting. Brian Haney, COO, expressed confidence in Winston’s ability to enhance Kinsale’s underwriting operations. Kinsale is a specialty insurance group focused on the excess and surplus lines market.
Kinsale Capital Group (KNSL) reported strong financial results for Q4 2021, with net income of $48.3 million ($2.09 per diluted share), a 26.6% increase from Q4 2020. For the full year 2021, net income rose 72.7% to $152.7 million ($6.62 per diluted share). Gross written premiums increased by 36% in Q4 and 38.3% for the year, totaling $764.4 million. The combined ratio improved to 74.5% in Q4, reflecting effective underwriting and lower catastrophe activity. The company anticipates continued market momentum into 2022.
Kinsale Capital Group declared a $0.13 cash dividend per share on February 15, 2022. The dividend will be payable to shareholders on March 14, 2022, with a record date of March 2, 2022. This move emphasizes Kinsale's confidence in its financial performance and commitment to returning value to shareholders.
Kinsale Capital Group, Inc. (NYSE: KNSL) will release its fourth quarter 2021 financial results on February 17, 2022, post-market. A conference call for analysts and investors is scheduled for February 18, 2022, at 9:00 a.m. Eastern Time. The call can be accessed via phone or through Kinsale's website. A replay will be available until April 19, 2022. Kinsale specializes in the excess and surplus lines market, headquartered in Richmond, Virginia.
The New York Stock Exchange (NYSE) announced that Kinsale Capital Group (NYSE: KNSL) has successfully completed its transfer to NYSE and will begin trading as a listed company.
This transition allows Kinsale Capital to benefit from NYSE's advanced market model, technology, and extensive network of industry leaders. CEO Michael P. Kehoe expressed optimism about this move, emphasizing the potential for long-term shareholder value. Since 2000, nearly 300 companies have moved to NYSE, representing over $1 trillion in market value.
Kinsale Capital Group will transfer its common stock listing from the Nasdaq Global Select Market to the New York Stock Exchange (NYSE), starting January 3, 2022, under the ticker symbol 'KNSL'. This strategic move aims to enhance its business model and leverage the NYSE's advanced technology and oversight. Kinsale's CEO, Michael P. Kehoe, expressed optimism about delivering long-term value for shareholders. The company is focused on the excess and surplus lines market and anticipates leveraging the NYSE's platform for growth.
Kinsale Capital Group, Inc. (Nasdaq: KNSL) announced a cash dividend of $0.11 per share, payable on December 13, 2021, to stockholders of record by November 29, 2021. This decision reflects the company's commitment to returning value to its shareholders while operating in the specialty insurance sector, specifically the excess and surplus lines market. The dividend declaration highlights Kinsale's solid financial position and confidence in its ongoing business strategy.
Kinsale Capital Group (KNSL) reported a significant increase in net income for Q3 2021, totaling $36.6 million, or $1.59 per diluted share, compared to $14.9 million, or $0.65 per diluted share in Q3 2020. Total net income for the first nine months of 2021 reached $104.3 million, up from $50.2 million in the previous year. The company experienced a 36.5% growth in gross written premiums, totaling $197.6 million in Q3 2021. Notably, the underwriting income rose sharply to $38.1 million, reflecting a favorable combined ratio of 75.7%. Investment income also improved, contributing positively to the overall financial performance.
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