Kinsale Capital Group(NYSE) KNSL

Kinsale Capital Group, Inc. provides insurance for unusual or hard-to-place business risks. It covers companies that standard insurance firms often turn away. The firm sells these policies through a network of independent insurance brokers.

Specialized Insurance for Unique Risks

• Casualty Insurance: Coverage for legal liabilities and injury claims; represents 74.1% of gross written premiums for the first six months of 2026.
• Property Insurance: Protection for physical buildings and assets; accounts for 25.9% of gross written premiums for the first six months of 2026.
• Personal Insurance: Homeowners' coverage for high-value properties and other personal assets; made up 2.5% of gross written premiums for the first six months of 2026.

Strategic Capital Management

• Filed a universal shelf registration statement in Aug. 2025 to allow for future stock or debt issuances.
• Authorized a $250 million share repurchase program in Dec. 2025 to return capital to stockholders.
• Increased the authorized principal for senior promissory notes to $200 million in Sept. 2023.
• Expanded its revolving credit facility commitment to $100 million in July 2022.

Why Kinsale Is Different

Kinsale focuses exclusively on the excess and surplus market, which covers risks that standard insurers typically avoid. The company maintains a broad commercial portfolio across 24 underwriting divisions to manage various niche industry exposures.

By the Numbers

• Market capitalization was $7.7 billion with a price-to-earnings ratio of 10.7.
• Net income rose 31.1% to $175.9 million for the three-month period ended June 30, 2026.
• Net earned premiums grew 8.9% to $417.6 million during the three-month period ended June 30, 2026.
• The combined ratio, which indicates an underwriting profit when below 100%, was 75.5% for the second quarter of 2026.

Bottom Line

Kinsale has grown by focusing on specialized, high-risk insurance markets that traditional carriers avoid. Its disciplined underwriting and operational focus allow it to maintain profitability even during periods of increased competition.