earnings
confidence high
sentiment positive
materiality 0.75
Kinsale Q2 net income $35.6M ($1.55/diluted), premiums up 44.7% to $194.1M
Kinsale Capital Group, Inc.
2021-Q2 EPS reported
$2.94
revenue$291,293,000
- Net income up 17.8% YoY; net operating earnings rose 53.8% to $29.4M, $1.28/diluted.
- Gross written premiums $194.1M (+44.7%); net earned premiums $137.7M.
- Combined ratio improved to 79.2% from 83.8% on lower loss and expense ratios.
- Underwriting income $28.7M vs $15.7M in Q2 2020; H1 operating ROE 18.2%.
- CEO cited favorable E&S market conditions, rate increases, and low cost structure.