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 (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.
Kinsale Capital Group, Inc. (Nasdaq: KNSL) will announce its third-quarter financial results on October 28, 2021, after market close. A conference call for analysts and investors is scheduled for October 29, 2021, at 9:00 a.m. Eastern Time to discuss these results. Interested parties can access the call via phone or through the company's website. A replay will be available until December 28, 2021. Kinsale operates in the specialty insurance sector, focusing on excess and surplus lines.
Kinsale Capital Group (KNSL) will host an in-person Investor Day on October 21, 2021, at its Richmond, Virginia headquarters. From 8:30 a.m. to 12:00 p.m. ET, CEO Michael P. Kehoe and management will share insights on the company’s underwriting, technology, and claims strategies aimed at driving financial performance. Investors are encouraged to register by October 15, 2021, via the provided link. A slide presentation will be accessible on the company’s Investor Relations page on the event day.
Kinsale Capital Group, Inc. (Nasdaq: KNSL) has declared a cash dividend of $0.11 per share of common stock. This dividend will be paid on September 13, 2021, to stockholders of record by the close of business on August 31, 2021. Kinsale Capital focuses on the excess and surplus lines market and is headquartered in Richmond, Virginia. This move indicates the company’s commitment to returning value to its shareholders while maintaining its operations in the specialty insurance sector.
Kinsale Capital Group (Nasdaq: KNSL) reported net income of $35.6 million for Q2 2021, a 17.8% increase from Q2 2020, translating to $1.55 per diluted share. For the first half of 2021, net income reached $67.7 million, or $2.94 per share. Notable highlights included a 44.7% rise in gross written premiums to $194.1 million and a combined ratio of 79.2%. Investment income also rose 11.8% to $7.4 million. Kinsale expressed optimism for the remaining year due to favorable E&S market conditions and disciplined underwriting.
Kinsale Capital Group, Inc. (Nasdaq: KNSL) will announce its Q2 2021 financial results on July 29, 2021, after market close. A conference call for investors and analysts is scheduled for July 30, 2021, at 9:00 a.m. (ET) to discuss the earnings report. Interested parties can access the call by dialing (844) 239-5282 with the conference ID 6180205 or via the company website. A replay of the call will be available until September 28, 2021. Kinsale is a specialty insurance group focusing on the excess and surplus lines market.
Kinsale Capital Group, Inc. (Nasdaq: KNSL) has declared a quarterly cash dividend of $0.11 per share, scheduled for payment on June 11, 2021. Stockholders on record as of May 27, 2021 will receive this dividend. The company, based in Richmond, Virginia, specializes in the excess and surplus lines insurance market.
Kinsale Capital Group (Nasdaq: KNSL) reported a strong first quarter of 2021, with net income rising to $32.1 million ($1.39 per diluted share), a 530.7% increase from Q1 2020. Net operating earnings reached $25.5 million ($1.11 per diluted share), up 48.1% year-over-year. Key highlights include a 36.2% increase in gross written premiums, totaling $168.9 million, and an underwriting income of $24.6 million, yielding a combined ratio of 80.0%. The company showed a 17.6% annualized operating return on equity, capitalizing on favorable market conditions.
Kinsale Capital Group has announced it will release its first quarter 2021 financial results after the market closes on April 29, 2021. Following this, a conference call will take place on April 30, 2021 at 9:00 a.m. ET, where analysts and investors can discuss the results. Participants can access the call by dialing (844) 239-5282 with conference ID# 9082678, or online via the company's website. A replay will be available until June 29, 2021.
Kinsale Capital Group (Nasdaq: KNSL) announced senior management promotions effective March 1, 2021. Diane D. Schnupp has been appointed Executive Vice President and Chief Information Officer, having previously served as Senior Vice President and Chief Information Officer since joining in 2019. Amber J. Sheridan rises to Senior Vice President of Human Resources after joining the company in 2015. Brendan M. McMorrow is now Vice President of Underwriting, focusing on Specialty Casualty, having held the Assistant Vice President role since 2018. These changes aim to strengthen Kinsale's leadership and operational effectiveness.
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