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. (Nasdaq: KNSL) has declared a cash dividend of $0.11 per share of common stock. The dividend will be payable on March 12, 2021, to stockholders of record as of the close of business on February 26, 2021. Kinsale, headquartered in Richmond, Virginia, specializes in the excess and surplus lines insurance market.
Kinsale Capital Group, Inc. (Nasdaq: KNSL) will release its fourth quarter 2020 financial results after the market closes on February 18, 2021. A conference call will follow on February 19, 2021, at 9:00 a.m. ET to discuss the results with analysts and investors. Interested parties can access the call by dialing (844) 239-5282 or by visiting the company’s website for a live stream. A replay will be available on their site until April 19, 2021. Kinsale specializes in the excess and surplus lines market.
Kinsale Capital Group, Inc. (Nasdaq: KNSL) announced the appointment of two new members, Teresa P. Chia and Robert (Trey) V. Hatcher, III, to its Board of Directors, effective January 1, 2021. This expansion increases the board's size from seven to nine members. Chairman Robert Lippincott III highlighted their extensive leadership and industry expertise, which he believes will enhance Kinsale's strategic execution and profitability. Chia brings experience from White Mountains Capital, while Hatcher has over 40 years in the insurance sector, most recently as Vice Chairman of Willis Re Inc.
Kinsale Capital Group, Inc. (Nasdaq: KNSL) has declared a cash dividend of $0.09 per share, payable on December 11, 2020, to stockholders of record as of the close on November 30, 2020. This announcement reflects the company's commitment to returning value to its shareholders while operating in the specialty insurance sector focused on excess and surplus lines.
Kinsale Capital Group (Nasdaq: KNSL) has announced the promotion of Ashlee B. Randall to Vice President of Commercial Property and Inland Marine. Previously, she was the Assistant Vice President overseeing the Energy and Environmental Divisions. Randall brings extensive underwriting experience from James River Insurance Company and holds degrees in history and mathematics. Brian Haney, COO, praised her leadership and potential for growth in her new role, enhancing Kinsale's capabilities in the commercial property sector.
Kinsale Capital Group (Nasdaq: KNSL) reported a net income of $14.9 million (or $0.65 per diluted share) for Q3 2020, a 14.8% increase from Q3 2019's $13.0 million. Despite this growth, net operating earnings fell 23.9% to $9.6 million. The company experienced an impressive 47.8% growth in gross written premiums, totaling $144.8 million in Q3 2020. However, catastrophe losses of $13.2 million were incurred. Year-to-date net income reached $50.2 million, up from $45.5 million in 2019.
Kinsale Capital Group, Inc. (KNSL) will release its third-quarter financial results on October 29, 2020, after market close. A conference call to discuss the results will take place on October 30, 2020, at 9:00 a.m. ET. Investors can access the call by dialing (844) 239-5282 with conference ID# 3956358 or through the company’s website. A replay will be available until December 30, 2020. The company specializes in the excess and surplus lines market.
Kinsale Capital Group (Nasdaq: KNSL) has appointed Mark J. Beachy as Executive Vice President and Chief Claims Officer, effective October 5, 2020. He succeeds Ann Marie Marson, who will retire on September 30, 2020, after over a decade in the role. Michael Kehoe, CEO, expressed confidence in Beachy's leadership skills benefiting the claims operations. Beachy previously served at Travelers Indemnity, overseeing a large legal staff, and has extensive experience in claims management. He holds a B.S. in Journalism and a J.D. from Catholic University.
Kinsale Capital Group (KNSL) announced a cash dividend of $0.09 per share, set for payment on September 14, 2020. Stockholders must be on record by the close of business on August 31, 2020 to qualify. This move reflects the company's commitment to returning value to shareholders amidst its focus on the specialty insurance market in Virginia.
Kinsale Capital Group, Inc. (NASDAQ: KNSL) announced a public offering of 270,000 shares of common stock at $190.00 each, with a 30-day underwriter option for an additional 40,500 shares. The offering is set to close on August 7, 2020, expecting net proceeds of approximately $49.2 million for general corporate purposes, including funding organic growth. J.P. Morgan acts as the sole bookrunner, supported by several co-managers. The offering complies with SEC regulations under an effective registration statement.
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