Kinsale Capital Group Earnings Call Transcripts
Fiscal Year 2026
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Operating EPS surged 37.7% year-over-year with a 24% ROE, while net written premium grew 5.6% despite a 0.5% decline in gross written premium. Strong underwriting, technology investments, and a shift toward smaller accounts drove profitability amid competitive E&S market conditions.
Fiscal Year 2025
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Q4 2025 saw strong EPS and ROE growth, with premium gains outside commercial property and robust investment income. Competitive pressures persist in large account property, but other segments posted double-digit growth, aided by technology and disciplined underwriting.
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Operating EPS rose 24% year-over-year, with strong premium and investment income growth. Competitive E&S market conditions persist, but rate declines in commercial property are stabilizing, and other property lines show double-digit growth.
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Operating earnings per share rose 27.5% and net income increased 44.9% year-over-year, with strong growth in most segments except commercial property, which saw a 16.8% premium decline due to competition. Conservative reserving and a low-cost model support continued profitability and growth.
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Operating EPS rose 6% and gross written premium grew 8% year-over-year, with strong profitability despite a major wildfire loss. Commercial property premiums declined due to increased competition, but other segments and investment income showed robust growth.
Fiscal Year 2024
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Operating earnings per share rose 19.4% and gross written premium grew 12.2% year-over-year in Q4, with a 73.4% combined ratio and 29% full-year operating ROE. Management expects 10%-20% top-line growth, supported by technology investments and expansion into personal lines and agribusiness.
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Operating earnings per share rose 27% and gross written premium grew 19% year-over-year, with a combined ratio of 75.7% and annualized operating ROE of 28.2%. Competition is increasing, but strong underwriting, cost control, and a new $100 million buyback support continued growth.
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Operating earnings per share rose 30.2% and gross written premium increased 20.9% year-over-year, with a combined ratio of 77.7% and strong growth in key divisions. Conservative reserving, disciplined underwriting, and technology-driven cost control support continued profitability and market share gains.