earnings
confidence high
sentiment positive
materiality 0.75
Kinsale Q2 GAAP EPS $1.17 (-24% YoY); adjusted EPS $1.92 (+51%); premiums +43%
Kinsale Capital Group, Inc.
2022-Q2 EPS reported
$2.55
revenue$359,275,000
- Net income $27.1M ($1.17/sh) vs $35.6M ($1.55) in Q2 2021; drop due to equity investment fair value decline.
- Net operating earnings (non-GAAP) $44.4M ($1.92/sh) up 51% YoY from $29.4M ($1.28).
- Gross written premiums rose 42.7% to $277M; underwriting income $44.1M with combined ratio 76.8% (vs 79.2%).
- Net investment income increased 42.6% to $10.6M; annualized operating ROE 24.6% for H1 2022.
- Management cites strong E&S market and tech-driven low costs; positive outlook for premium growth.