earnings
confidence high
sentiment positive
materiality 0.75
Kinsale Q1 net operating earnings up 47.6% to $1.63/shr; premiums surge 45%
Kinsale Capital Group, Inc.
2022-Q1 EPS reported
$1.38
revenue$180,318,000
- Net operating earnings $37.7M ($1.63 diluted) vs $25.5M ($1.11) a year ago, +47.6%.
- Gross written premiums $245.5M, up 45.4% from $168.9M on higher submissions and favorable pricing.
- Combined ratio improved to 79.0% from 80.0%; underwriting income $37.5M vs $24.6M.
- Annualized operating ROE 22.1% vs 17.6%; net investment income $9.1M, +30.9%.
- Net income $31.8M ($1.38 diluted) declined 0.9% due to equity investment fair value changes.