Kinsale Capital Group, Inc. reported second-quarter 2026 results with revenue of $548.5M and diluted EPS of $7.72, reflecting year‑over‑year growth driven by higher earned premiums and strong underwriting performance.
Financial Highlights
- Revenue: $548.5M for Q2 2026, compared with $469.8M in Q2 2025; YoY change 16.8%.
- Net income: $175.9M for Q2 2026, compared with $134.1M in Q2 2025; YoY change 31.1%.
- Diluted EPS: $7.72 for Q2 2026, compared with $5.76 in Q2 2025; YoY change 34.0%.
Business Highlights
- Premiums and revenue growth: Net earned premiums rose about 9% sequentially for the quarter and roughly 10% year‑to‑date, driven by prior‑period premium earning and higher net retention.
- Underwriting performance: Combined ratios were strong at approximately 75–76%, helped by favorable prior‑year reserve development and lower catastrophe losses.
- Product and channel mix: Growth across most commercial lines, including Excess/General Casualty, Entertainment and Agribusiness, was partly offset by a 31% decline in Commercial Property due to intensified competition.
- Distribution and pricing: Brokerage-driven submissions and bound account growth continued, although average premium per policy fell as competition increased on larger accounts.
- Risk and reinsurance strategy: The company increased reinsurance retention to manage costs, continued use of catastrophe modeling focused on probable maximum loss (PML), and maintained selective reinsurer placements to control nat‑cat exposure.
Original SEC Filing:
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