earnings
confidence high
sentiment positive
materiality 0.80
Kinsale Q3 net income $36.6M ($1.59 EPS), gross written premiums up 36.5%, combined ratio 75.7%
Kinsale Capital Group, Inc.
2021-Q3 EPS reported
$4.53
revenue$456,177,000
- Net income $36.6M ($1.59/diluted) up 146% YoY; Q3 2020 net income was $14.9M ($0.65).
- Gross written premiums rose 36.5% to $197.6M; combined ratio improved to 75.7% from 97.3% YoY.
- Underwriting income $38.1M (vs $2.9M) driven by premium growth, rate increases, lower cat losses.
- Net operating earnings (non-GAAP) $36.7M ($1.59/diluted) vs $9.6M ($0.42) in Q3 2020.
- Annualized operating ROE 22.8% for Q3; 19.8% for nine months ended Sep 30, 2021.