Kinsale Capital Q3 net income up 24% on strong underwriting income

Kinsale Capital

23/10/2025 21:32

Overview

Kinsale Capital Q3 net income rises 24% yr/yr, driven by higher underwriting income

Gross written premiums increase 8.4% in Q3, despite declines in Commercial Property Division

Company repurchased 45,627 shares for $20 mln, indicating confidence in financial position

Outlook

Company did not provide specific future guidance in the press release

Result Drivers

UNDERWRITING INCOME - Increase attributed to lower catastrophe losses and favorable development of loss reserves from prior accident years

PREMIUM GROWTH - Excluding Commercial Property Division, gross written premiums increased due to strong submission flow

INVESTMENT INCOME - Net investment income increased by 25.1% due to growth in investment portfolio

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Gross Written Premiums
$486.25 mln
Q3 EPS
$6.09
Q3 Net Income
$141.64 mln
Q3 Combined Ratio
74.90%
Q3 Expense Ratio
21%
Q3 ROE
31.60%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the property & casualty insurance peer group is "buy."

Wall Street's median 12-month price target for Kinsale Capital Group Inc is $495.00, about 8.3% above its October 21 closing price of $453.69

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release: ID:nBwN03CHa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)