Kinsale Capital rises after Q4 profit beat

Kinsale Capital

16/02/2024 15:00

** Shares of specialty insurance company Kinsale Capital
Group  KNSL.N  rise 14.1% to $499.43
    ** After market close on Thursday, KNSL reported Q4 net
operating earnings of $3.87/shr vs analysts' expectation of
$3.39/shr - LSEG
    ** Q4 net written premiums came in at $306.30 mln, up from
$242.10 mln last year
    ** Q4 underwriting income rose to $84.80 mln from $59.50
mln, a year ago
    ** Q4 net investment income jumped 71.2% to $30.40 mln
compared to last year, driven by higher interest rates
    ** Stock gained 28.1% in 2023

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))