Logo

KNSL

Kinsale Capital Group, Inc.

KNSL

Kinsale Capital Group, Inc. • NYSE
$384.90 ▲ 1.00% (+3.81)
Market Cap $8.95 B
52w High $531.79
52w Low $363.14
Dividend Yield 0.68%
P/E 18.9
Volume 90.48K
Outstanding Shares 23.26M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $497.505M ▲ $46.19M ▲ $141.646M ▲ 28.471% ▼ $6.12 ▲ $181.447M ▲
Q2-2025 $469.814M ▲ $44.439M ▲ $134.121M ▲ 28.548% ▲ $5.79 ▲ $170.846M ▲
Q1-2025 $423.397M ▲ $42.43M ▼ $89.227M ▼ 21.074% ▼ $3.85 ▼ $114.849M ▼
Q4-2024 $412.123M ▼ $45.426M ▲ $109.094M ▼ 26.471% ▼ $4.71 ▼ $141.21M ▼
Q3-2024 $418.058M $39.678M $114.229M 27.324% $4.93 $146.987M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.351B ▲ $5.833B ▲ $3.968B ▲ $1.865B ▲
Q2-2025 $2.138B ▲ $5.557B ▲ $3.834B ▲ $1.723B ▲
Q1-2025 $2.069B ▲ $5.215B ▲ $3.632B ▲ $1.583B ▲
Q4-2024 $1.919B ▼ $4.887B ▲ $3.403B ▲ $1.484B ▲
Q3-2024 $3.579B $4.732B $3.297B $1.435B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $0 $303.474M ▲ $-262.603M ▼ $-8.81M ▲ $32.061M ▲ $289.543M ▲
Q2-2025 $0 $269.091M ▲ $-259.287M ▼ $-13.729M ▲ $-3.925M ▼ $252.078M ▲
Q1-2025 $0 $229.779M ▲ $-180.961M ▲ $-20.005M ▼ $28.813M ▲ $217.64M ▲
Q4-2024 $0 $212.977M ▼ $-198.025M ▲ $-13.43M ▼ $1.522M ▲ $202.191M ▼
Q3-2024 $0 $274.031M $-329.935M $-3.426M $-59.33M $268.203M

Five-Year Company Overview

Income Statement

Income Statement Kinsale’s income statement shows a company that has grown steadily and profitably over the last several years. Revenue has climbed each year, and profits have risen even faster than sales, which suggests strong pricing power and good cost control. Earnings per share have increased multiple times over the period, pointing to efficient scaling of the business rather than growth that relies heavily on added overhead. The main risk to watch is that insurance is cyclical, so today’s strong profitability could moderate if competition intensifies or claims trends worsen.

Balance Sheet

Balance Sheet The balance sheet has expanded in a healthy way, with total assets and shareholders’ equity both rising consistently, which supports a larger book of business. Debt is present but modest relative to the size of the company, implying a conservative use of leverage for a financial firm. Cash on hand is not very large, but that’s typical for an insurer that holds most resources in investment portfolios rather than idle cash. Overall, the capital base looks stronger each year, giving Kinsale more cushion to absorb shocks, though rapid growth always requires careful capital and risk management.

Cash Flow

Cash Flow Cash generation appears to be a clear strength. Operating cash flow has grown steadily and comfortably covers the company’s needs, and free cash flow has closely tracked operating cash flow because capital spending is low. This “asset-light” pattern means Kinsale can expand without tying up large amounts of money in hard assets, leaving more flexibility for claims, investments, or potential capital returns. The main thing to monitor is whether cash flows remain as robust if growth slows or if loss patterns become less favorable.

Competitive Edge

Competitive Edge Kinsale has built a strong position in a specialized corner of property and casualty insurance: hard-to-place excess and surplus risks for smaller and mid-sized clients. Its focus, disciplined underwriting culture, in-house claims handling, and proprietary technology platform give it cost and speed advantages that many traditional insurers struggle to match. This combination has created a meaningful moat, particularly in niche products where expertise and data really matter. Key vulnerabilities are its heavy reliance on this specialty segment and the possibility that larger insurers or new tech-enabled competitors devote more attention to the same niches.

Innovation and R&D

Innovation and R&D Innovation at Kinsale is centered on its proprietary technology platform rather than traditional lab-style R&D. The company uses automation, advanced data analytics, and artificial intelligence to refine underwriting, price complex risks, and keep expenses low. This platform is designed to scale, helping Kinsale enter new specialty areas such as cannabis, entertainment, cyber, and environmental lines without needing large increases in staff. Future success will depend on sustaining this tech edge, continuously improving models, and adapting quickly as new risk types emerge.

Summary

Overall, Kinsale looks like a high-growth specialty insurer with improving profitability, a strengthening balance sheet, and strong cash generation, all supported by a focused strategy and a technology-driven operating model. Its niche in hard-to-place risks and disciplined underwriting provide differentiation and a meaningful competitive moat. However, concentration in a specialized market, exposure to insurance cycles and large losses, and the risk that competitors catch up technologically are important factors to keep in mind when assessing its long-term trajectory.

NEWS

November 12, 2025 · 4:06 PM UTC

Kinsale Capital Group Announces Dividend Declaration

Read more

November 12, 2025 · 4:05 PM UTC

Governor Youngkin Joins Ribbon Cutting to Celebrate Completion of Kinsale Center Phase 1

Read more

October 23, 2025 · 4:10 PM UTC

Kinsale Capital Group Reports Third Quarter 2025 Results

Read more

October 1, 2025 · 4:05 PM UTC

Kinsale Capital Group Announces Third Quarter 2025 Earnings Release Date and Conference Call

Read more