Kinsale Capital Group (KNSL) Investor presentation summary
Event summary combining transcript, slides, and related documents.
Investor presentation summary
26 Oct, 2026Business model and market
Exclusive focus on the U.S. excess and surplus lines market, with disciplined underwriting of small accounts, no delegated underwriting authority, and proprietary technology supporting efficiency.
2024 E&S direct premiums written totaled $129.8bn; market share was 1.4%.
U.S. surplus lines premiums grew at an 11.6% CAGR from 2011–2024, versus 5.9% for the broader P&C market.
Underwriting approach combines broad appetite for hard-to-place risks with individual risk selection, diversified smaller accounts, and well-defined coverage.
Portfolio and growth
2025 gross written premiums were $1.977bn, with a 12.3% CAGR from 2023–2025; commercial premiums totaled $1.917bn.
2023–2025 product growth included small business property at a 52.7% CAGR, commercial auto at 59.9%, and general casualty at 32.3%.
Growth priorities include expanding E&S presence, targeting smaller accounts, developing products within underwriting expertise, and using technology to improve efficiency and service.
2023–2025 average combined ratio was 75.9% versus a 92.2% peer average; average expense ratio was 20.7% versus 32.8% for peers.
Financial performance
Q2 2026 diluted EPS increased 34.0% YoY to $7.72; diluted operating EPS rose 15.9% to $5.54.
Q2 2026 gross written premiums declined 5.0% YoY to $527.6m and net written premiums declined 1.4% to $452.5m; net investment income rose 19.9% to $55.7m.
Q2 2026 underwriting income was $105.4m, with a 75.5% combined ratio; loss and expense ratios were 53.8% and 21.7%, respectively.
H1 2026 net operating earnings were $244.0m versus $197.8m in H1 2025; diluted operating EPS was $10.64 versus $8.49.
Latest events from Kinsale Capital Group
- Portfolio repositioning cut Q3 net income while operating earnings and underwriting grew.KNSL
Q3 2026 - Strong earnings and capital returns despite premium declines in Commercial Property.KNSL
Q2 2026 - Industry-leading growth and profitability driven by technology and disciplined E&S underwriting.KNSL
Investor presentation - Data-driven underwriting, tech innovation, and service excellence fuel strong E&S market growth.KNSL
Investor day presentation - Q1 2026 delivered 27.4% EPS growth and a 77.4% combined ratio, highlighting strong profitability.KNSL
Corporate presentation - Net income up 26.1%, operating EPS up 37.7%, and combined ratio improved to 77.4%.KNSL
Q1 2026 - Earnings and investment income surged, with higher capital returns and tech-driven profitability.KNSL
Q4 2025 - Q3 2025 net income rose 24% to $141.6M, with strong underwriting and higher book value.KNSL
Q3 2025 - Q3 2024 net income up 50%, premiums up 18.8%, combined ratio 75.7%, strong returns.KNSL
Q3 2024